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Hoarding pushing up onion prices up, govt finds -Rajeev Deshpande

-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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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,...

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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...

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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...

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As onion prices soar, Delhi govt may again open outlets

-PTI NEW DELHI: Concerned over escalating prices of onion, Delhi Government today said it is considering setting up of outlets across the city to make available the vegetable at reasonable rates. "We may open stalls, like we did before, to make available onions at reasonable rates in case prices continue to soar," Development Minister Raj Kumar Chauhan, who looks after functioning of wholesale vegetable and fruit markets in the city, said. He said...

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