-The Times of India NEW DELHI: It is no big deal that for a Parliament used to discussing and dissecting scams worth thousands of crores, the dissipating odour of onions hasn't reached its hallowed portals. For more than a week of the Monsoon session little work has been done, and even less time has been spent discussing spiraling prices of essential commodities. After all, it has only touched Rs 100/kg and not yet...
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July inflation accelerates to 5.79%: Government
-PTI NEW DELHI: Rising prices of onions and other vegetables pushed inflation to a five-month high of 5.79 per cent in July even as the government and RBI battled to stabilise the rupee. Inflation based on the Wholesale Price Index (WPI) was at 4.86 per cent in June. In July 2012, it was 7.52 per cent. The July number is above the Reserve Bank's comfort level of 4-5 per cent inflation. This is...
More »CoS meeting to wipe onion tears -Gargi Parsai
-The Hindu The panel is planning to crack down on hoarders and enhance the availability of onions Priced between Rs. 60 and Rs. 80 per kilogram in several parts of the country, onions are bringing tears to housewives. Concerned at the problem, the Committee of Secretaries is meeting here on Wednesday to take steps - including a crack down on hoarders - to ease the situation. Onion produce in Andhra Pradesh and Karnataka...
More »Onion price soars to Rs 80/kg despite normal supply
-PTI Prices expected to cool down in first week of Sept once supplies from AP and Karnataka increases Much to the discomfort of consumers, onion prices today touched Rs 80 per kg in most retail markets in the national capital despite normal supply in the wholesale markets. Wholesale price of onion have increased by Rs 5 to Rs 50-55 per kg in Azadpur mandi, according to the Onion Merchant Traders Association. Onion supply to...
More »GET READY FOR HIGHER FOOD PRICES
The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...
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