-The Business Standard As the southwest monsoon enters the last leg of its four-month journey, 2013 will be remembered as one of the best years in overall quantum and distribution of rainfall across India. More than expected rain so far have pushed up kharif sowing in a big way, which will not only add its bit to gross domestic product (GDP) growth but blunt inflationary pressures. If the intensity is maintained, India...
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Private players to import 7,000 tonnes of onions -Dipak Kumar Dash & Sidhartha
-The Times of India NEW DELHI: Private players have placed orders to import around 7,000 tonnes of onions, while the government leaned on a public sector company to ship the key kitchen ingredient to beat the domestic shortage. The moves came even as the food and consumer affairs ministry said it will seek export curbs if prices did not ease in a fortnight. Senior government officials said Project Export Corporation was on...
More »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,...
More »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 crisis: Govt puts curbs on exports, looks for import
-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)...
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