Retail price of onions has surged to Rs. 60-70 a kg within a couple of days NOCs will not be issued to exporters till January 15 Minimum export price raised to $1,200 a tonne The government on Monday announced suspension of onion exports till January 15 in a last-minute effort to cool prices of the poor man's essential vegetable from the prevailing high of Rs. 60-70 a kg. In a twin strategy, while the...

The government today said it has increased the minimum support price (MSP) for copra by Rs 75 per quintal for the 2011 season, a measure aimed at increasing coconut production in the country. The decision was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA) on the recommendations of on recommendations Commission for Agricultural Cost and Prices (CACP). While the MSP for fair average quality of milling copra has...

The Indian economy is picking up and should be able to expand at eight to nine per cent. It is high time that the government initiates a universal public distribution system covering at least the essential commodities. Incomes of the rich will go up and India will be a major player in the world when it revives. But the bulk of the population, about 70 per cent, will remain poor with...