-The Times of India NEW DELHI/MUMBAI: Prime Minister Narendra Modi's magic appears to be working well among cooking gas consumers. With a little assistance from state-run fuel retailers. Between 30,000 and 40,000 households are giving up LPG subsidy daily in response to a countrywide door-to-door campaign launched by the oil marketers to capitalize on the prime minister's call to 'Give It Up'. The result is nothing but magical in a country used to...
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Drought fears
-The Hindu Business Line Both the Centre and States need to be prepared for the possibility in peninsular India The bad news is that the met department’s pessimistic monsoon forecast — of it being 7 per cent less than the long-period average (LPA) — is turning out to be right. The monsoon started off with much promise in June, finishing the month with a 16 per cent surplus and kharif sowing doing...
More »Govt hikes onion minimum export price to $700/tonne to check prices
-The Hindu Business Line New Delhi: With onion prices continuing to be a worry for consumers, the Centre has raised the minimum export price (MEP) of the bulb to $700 per tonne. The MEP was last increased on June 26 this year to $425/tonne from $250/tonne. An official statement released by the Food and Consumer Affairs Ministry also said that the tender floated for onion imports will be opened on August 27....
More »Why skyrocketing onion prices pack a pungent punch -Gaurav Choudhury
-The Hindustan Times The skyrocketing prices of onions, a key ingredient used in making dishes ranging from curries to biryanis, reflects India’s inability to insulate staples from weather-induced supply disturbances. On Thursday onions traded at Rs 4,900 a quintal (or Rs 49 a kg) at Lasalgaon in Maharashtra, India’s largest wholesale market for the crop. Inadequate supplies have pushed up prices sharply over the last few weeks. Already, retail onion prices have...
More »Onion prices threaten to cross Rs 100 a kg in Delhi as stockists make a killing -Dipak K Dash
-The Times of India NEW DELHI: Traders and stockists seem to be making a killing as onion prices have soared across the country in the past 2-3 weeks. The staple kitchen item was selling at around Rs 80 per kg in the market in Delhi, as a substantial jump in prices was reported from Delhi's wholesale mandis. Prices of pulses have also gone up considerably in the past three weeks. Now there...
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