-PTI NEW DELHI: With onion prices soaring to Rs 80 per kg in major cities, the government today took steps to boost supplies of the commodity by importing them and curbing their exports. Fearing that prices of the politically sensitive commodity could get out of hand, the government asked cooperative major NAFED to import onions from Pakistan and Iran, according to an official statement. The government also imposed a minimum export price (MEP)...
More »SEARCH RESULT
Total Matching Records found : 705
Firm rupee, good crop could peg WPI at 5-6% by year-end: Montek
-PTI Pinning hopes on rupee stabilisation and the impact of a good monsoon in the coming days, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said he expected inflation to hover around 5 and 6 per cent by the year-end. "With currency appearing to stabilise, I don't expect this (effect on inflation) to continue. I think if we can get moderation on the food front once the impact of a good monsoon...
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 »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 »Brittle supply chain leads to soaring vegetable prices -Sandip Das and Subhomoy Bhattacharjee
-The Indian Express Despite the scare scenario painted for production trends for key vegetables, it turns out that there is no dip in availability. This includes onion, whose prices have flared in the past few weeks. Data from the past two years compared with that for the current year indicates that the problem for the four vegetables that have a pan-India presence - onion, tomato, brinjal, potato - is because of logistics...
More »
