-The Economic Times HYDERABAD: Numerous pharmacies - especially those operating on rented space - are shutting down across the country, hurt by a sharp decline in margins after the introduction of a new pricing policy for medicines and intense competition from bigger players. The new Drug Price Control Order (DPCO), which was notified on May 15, has made the prices of some 150 drugs fall steeply. Under this, companies and retailers are...
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Raid threat pulls down onion prices in Maharashtra -Jayashree Bhosale
-The Economic Times PUNE: Onion prices have crashed by 25-30% from the peak of Rs 60 per kg last week after the Maharashtra government threatened onion traders with raids and new harvests eased pressure on supplies. On September 18 and 19, wholesale prices at many APMCs in Maharashtra had risen to Rs 55 per kg. A meeting held by the state's marketing director at Lasalgaon on September 19 suggesting raids if prices...
More »Ripple effect of rising fuel prices: Get used to high food prices, RBI can do little to counter them -Avinash Celestine
-The Economic Times Like his predecessor, RBI governor Raghuram Rajan too remains worried about inflation. And despite repeated attempts, the RBI has had mixed success in taming prices. Reserve Bank of India governor Raghuram Rajan has clearly decided to play spoilsport to the markets. By making it clear that he, like his predecessor, remains worried about inflation, he has also effectively signalled that with consumer prices at 9.5%, markets shouldn't expect those...
More »Onion price rise may be due to hoarding: Centre -Dipak Kumar Dash
-The Times of India NEW DELHI: Onion prices have again hit the roof in Mumbai, Delhi and other major cities after stabilizing briefly in August, leading the Centre to suggest that traders and speculators might be "artificially" increasing onion prices and has asked whether a seasonal shortage in supplies is being exploited. "Governments of Delhi and Chandigarh were addressed to look into the possibility of traders and speculators creating an artificial...
More »Onion Prices to Soften by Early October: Food Min
-Outlook Onion prices, which have again gone up to Rs 70 per kg in retail markets, are expected to soften by early next month with supplies from Andhra Pradesh and Karnataka improving, Food Minister K V Thomas said today. He also said the Centre has asked producing states like Maharashtra to crack down on hoarders of onion, a politically sensitive commodity. Normally, onion prices rise during the lean period of June-August. But prices...
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