Onion prices have crashed at Lasalgaon, Nashik’s wholesale market due to sudden increase in the supply. Wholesale onion prices have plummetted to Rs 13 a kg in Lasalgaon. On Saturday morning average quality onion price at Lasalgaon was Rs 2600 per quintal (Rs 26 per kg). On Monday, it came down to Rs 1300 per quintal. The sudden downturn in onion prices seems to have been triggered by the fact that the...

Fast-growing emerging nations are taking increasingly aggressive actions to beat back rising food prices as they grow more worried of threats to stability if prices don't start to retreat. Developing-market governments have unveiled a laundry list of measures—including price caps, export bans and rules to counter commodity speculation—to keep food costs from disrupting their economies as price spikes that some had hoped were temporary have stretched into the new year. Some...

Three farmers allegedly committed suicide following damage to their crop due to frost and extreme cold wave conditions in Chhatarpur and Vidisha districts of Madhya Pradesh. The suicides were reported last night. Kunjilal Ahirwar (28) ended his life by hanging self himself to a tree in his field at village Pathada in Chhatarpur district, after frost damaged his crop in five acres, his wife Bhagunti Bai said. In another incident,...

Everyone agrees that there is a food crisis. As ordinary members of the public we know there’s one every time we go out shopping for vegetables. My mother knows there’s a crisis because, after recently sacking her cook, she discovered the lady had left with all the onions in the house. The media agrees there’s one, and sends more TV crews to talk to onion farmers, even though the TV reporters...

Besieged as it is by a spate of scams, the Centre has revived the 40-year-old proposal of setting up a national ombudsman called the Lokpal to probe political corruption. But, far from overcoming the existing deficiencies, the latest draft Bill – which could be promulgated any time soon as an ordinance - provides a legal veneer to them so that crooked politicians will continue to enjoy almost as much impunity...