Not used to anyone inspecting their books, onion traders have not taken lightly to the govt's efforts to find the hoarders and others indulging in mass-scale wrongdoing and launched a strike that will hit consumers' pockets even more. However, they have said that they are being forced to sell under even the production cost. Understandably, but there were not many takers for that view. Traders in Nashik and adjoining areas today went...

Nashik onion traders on Monday decided not to purchase onions for two days from the Agricultural Produce Market Committees, following the nationwide I-T raids on onion traders. Traders are protesting against the Maharashtra government's directive of selling onions at not more than Rs 40 per kg. The decision was taken by Nashik District Onion Traders Association at a meeting. Farmers, meanwhile are angry with the traders' decision. The Maharashtra State Government has...

The rapid growth of global markets has not seen the parallel development of social and economic institutions to ensure balanced, inclusive and sustainable growth. Although we may not have yet reached “the end of history,” globalisation has brought us closer to “the end of geography” as we have known it. The compression of time and space triggered by the Third Industrial Revolution —roughly, since 1980 — has changed our interactions with...

Onion hubs were raided across the country today and officials claimed prices tumbled Rs 5-10 as a result of the income-tax department’s action a day after the Centre urged states to counter hoarding. Calcutta’s Sealdah wholesale mart and Asansol were among the places in Bengal that saw the swoops. Similar action was seen in several towns in Uttar Pradesh, Punjab, Bihar, Jharkhand, Maharashtra and Gujarat. Finance minister Pranab Mukherjee had written to...

With the prices of most of the vegetables soaring, the Income Tax sleuths on Friday carried out massive raids on the offices and godowns of the wholesale traders in onion and garlic in major cities and towns of Gujarat. The outcome of the raids that started in the morning was not immediately known, but informed sources said the idea was to check whether the wholesalers were unduly holding stocks to take...