The document outlines the price regulation policies of Firoz Shah Tughlaq to make necessities affordable and maintain a large standing army. Key points:
- Prices of grain, cloth, vegetables and other necessities were regulated and fixed below market rates to control inflation and reduce the cost of living.
- Large grain stocks were collected and restrictions placed on grain trading to cheaply supply the large permanent army.
- Merchants had to register, sell at fixed prices under supervision of officials, and were punished for speculation or hoarding.
- The policies were successful in keeping prices stable and commodities cheap throughout Firoz Shah's 14 year rule.
3. REGULATED THE PRICES OF :-
GRAIN
CLOTH
VEGETABLES
OTHER NECESSITIES OF LIFE.
Fixed the prices of these basic commodities far below
the usual market rates. Fought infaltion and reduced the cost
of living.
4. MAINTAINANCE OF HUGE
PERMANENT ARMY WITHOUT
UNDULY STRAINING THE
RESOURCES OF THE STATE.
TO CHEAPEN THE COST OF THE
MAINTAINANCE OF HIS
POWERFUL MILITARY
ESTABLISHMENT.
TO ACHIEVE THE ECONOMIC
STABILITY.
TO GET RID OF SOCIAL
INJUSTICE
5. Raised large stocks of grain by collecting its revenue in kind
from Kalisah lands and from the territories held by vassals.
Restriction on purchase of grain from the tillers of soil except
for few permitted merchants.
All merchants in Delhi were required to register themselves in
the office of Shana-i-Mandi.
Advances were given to those merchants who did not possess
enough capital of their own.
The merchants had to sell all commodities at the fixed rates
and no deviation was permitted
Elimination of Dalal/middle man.
6. These regulations were enforced by two officers who were
called
Diwan-i-Riyasat
Shana-i-Mandi
Who were assisted by a judge called Sarai Adl ,and a
host of subordinate officers to ensure that the goods market
by the traders were sold on the fixed prices fixed by Diwan-i-
Riyasat.
7. All kinds of speculation and black marketing were
rigorously put down.
The officers of the doab were required to furnish
guarantee in writing that they wouldn’t permit anyone to hoard
grain.
Merchants were not to hoard grains or other articles, but
must sell them at demand.
Notable persons, nobles, officers and other well to do
people had to get permits from the officer of Sahan-i-Mandi,
before purchasing costly articles from market.
If merchant failed to carry out orders and sold commodity
underweight, the same amount of flesh was cut off from his body.
8. His policy was a huge success.
Corn, Cloth and other things became very cheap.
Prices of Horses, Cattle, Maid servants and slaves fell
considerably.
The cost of living remained cheap and almost constant.
The prices fixed for once were never altered during his
rule of 14 years.