-The Times of India NEW DELHI: The onion crisis gripping the government might be largely man made. Slow release of onion stocks by a clutch of traders rather than a shortfall in production has emerged as a key reason for Retail prices rocketing to Rs 70-80 a kg. The government uncovered the plot - hatched by traders operating from major onion markets in Nashik in Maharashtra - as it sought to figure...
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Private players to import 7,000 tonnes of onions -Dipak Kumar Dash & Sidhartha
-The Times of India NEW DELHI: Private players have placed orders to import around 7,000 tonnes of onions, while the government leaned on a public sector company to ship the key kitchen ingredient to beat the domestic shortage. The moves came even as the food and consumer affairs ministry said it will seek export curbs if prices did not ease in a fortnight. Senior government officials said Project Export Corporation was on...
More »Onion prices: another case of the great Indian paradox-Pramit Bhattacharya
-Live Mint The absence of genuine competition at mandis and numerous transaction charges are distorting onion prices The joke doing the rounds today is that the spike in onion prices has been a great equalizer, bringing parity between the price of a bottle of beer and a kilo of onion. The humble vegetable has also found pride of place as a gift item to customers at a tyre shop in Jamshedpur,...
More »Govt to start new infrastructure projects: PM
-PTI The Government will kick-start a number of new infrastructure projects including 8 new airports and two new sea-ports in the coming months to boost sluggish economic growth, Prime Minister Manmohan Singh said on Thursday. With economic growth slowing to a decade low of 5 per cent, the Congress-led UPA government has further opened the economy to foreign direct investment and now wants to use investments for returning to high growth...
More »Onion crisis: Govt puts curbs on exports, looks for import
-PTI NEW DELHI: With onion prices soaring to Rs 80 per kg in major cities, the government today took steps to boost supplies of the commodity by importing them and curbing their exports. Fearing that prices of the politically sensitive commodity could get out of hand, the government asked cooperative major NAFED to import onions from Pakistan and Iran, according to an official statement. The government also imposed a minimum export price (MEP)...
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