-The Times of India NEW DELHI: Onion prices have again hit the roof in Mumbai, Delhi and other major cities after stabilizing briefly in August, leading the Centre to suggest that traders and speculators might be "artificially" increasing onion prices and has asked whether a seasonal shortage in supplies is being exploited. "Governments of Delhi and Chandigarh were addressed to look into the possibility of traders and speculators creating an artificial...
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Good monsoon promises twin bonanza: Bumper Rabi crop harvest, spurt in hydel power supply -Vishwa Mohan
-The Times of India NEW DELHI: Good monsoon, between June and August, has substantially increased the water storage position of several reservoirs and river basins across the country, raising hope for bumper harvest for 'rabi' (winter-sown) crops and spurt in hydro-power generation. Water storage position data - released by the Central Water Commission (CWC) this month - shows that the country's 85 key reservoirs have collectively reported increase of around 35...
More »33 districts in Bihar declared drought-hit
-PTI PATNA: Taking into account deficient rainfall this year, Bihar government on Wednesday declared 33 out of the 38 districts of state as drought-hit. The decision was taken at a cabinet meeting presided over by chief minister Nitish Kumar. Principal secretary (Cabinet Coordination and Secretariat) Brajesh Mehrotra and the principal secretary ( Disaster Management Department) Vyasji said the decision was taken because of deficient rainfall in these districts at 20 per cent below...
More »Onion prices soar to Rs 5,300 a quintal in Lasalgaon-Tushar Pawar
-The Times of India NASHIK: The average wholesale price of onions at the country's largest market at the Lasalgaon Agriculture Produce Market Committee (APMC) in Nashik touched a new all-time high of Rs 5,300 a quintal on Monday. This pushed the retail rate to Rs 70 a kg against Rs 55 last week. The prices have skyrocketed, breaking the previous record of Rs 4,800 a quintal last Friday, largely due to the...
More »Onions drive inflation to six-month high at 6% in August-Somesh Jha
-The Business Standard Central bank chief Raghuram Rajan likely to retain stance later this week, say economists Inflation in onions skyrocketed to 244.62% in August against already high 119.4% in the previous month, jacking up the the rate of wholesale price rise to a six-month high of 6.10% from 5.8% in July, official data showed today. Ironically, onion prices can't be brought down by interest rate policy, but it is all set to...
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