-The Indian Express Warning signs across FMCG, tractors & 2-wheelers, gold, real rural wages THE GOVERNMENT Friday claimed that a significant divergence in levels of consumption and direction of change prompted it to withhold the findings of the survey on household consumption expenditure for July 2017-June 2018. But all major indicators of rural demand suggest the situation has only worsened since the beginning of financial year 2019-20, and the economy is...
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Govt to Import 1L-tonne onion to curb prices
-The Tribune New Delhi: The government today said it will Import 1 lakh tonnes of onion to control prices that have risen sharply to around Rs 100/kg at some places, including the national capital. While state-owned trading firm MMTC will Import onion, cooperative Nafed will supply the key kitchen staple in the domestic market. This decision was taken at a meeting of a committee of secretaries held on Saturday. “The government has taken...
More »More tears in store? Onion prices may hit new high amid low supply
-The Hindu Business Line Retail prices of onion, which had softened a bit last month, have rebounded over the past few days on continued supply disruption, touching the Rs.100 per kg mark in pockets of consuming centres such as New Delhi and Chennai. The bulb could bring more tears to consumers in the days ahead, trade sources said, as the prices are likely to hit new highs with the crop sown in...
More »Government relaxes onion Import norms as prices cross Rs.100/kg
-The Hindu Business Line As onion prices crossed ?100 a kg in certain localities in the capital, the government on Wednesday decided to relax fumigation and endorsement conditions for onions Imported from other countries to ensure expedited delivery of the bulb. “In the light of public concern over high prices of onions in the market, the Ministry of Agriculture has decided to allow relaxation from the condition of fumigation and endorsement on...
More »Civil society group welcomes failure to sign RCEP; calls it 'bad deal for democracy' -Joe C Mathew
-Business Today RCEP trade deal: The group said that the Indian govt should not agree to the RCEP even in future as it will be a 'bad deal for democracy, for farmers, workers, will subvert our sovereign laws and compromise India's industrialisation potential'. Forum for Trade Justice, a pan-civil society network has welcomed the failure of the 16 negotiating countries to reach a consensus over the conclusion of the world's largest free...
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