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Amid dollar crunch, Pakistani importers head towards grey market for transaction

-Livemint.com After extreme rain and severe flooding, Pakistan is dealing with acute food shortage. Moreover, dollar crunch has kept Pakistani food importers at mercy of grey market Extreme floods might not be a problem for Pakistanis anymore, but acute food shortage and drying forex reserve have made Pakistani food importers vulnerable to the grey market for payments. Under the grey market, the commodities are traded through markets that are unauthorised by the manufacturers....

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It’s time to protect the poor and the migrants from rising edible oil prices

In his Mann ki Baat address to the nation on 30th May, 2021, Prime Minister Shri Narendra Modi appreciated the fact that the farmers received "more than the minimum support price (MSP) for mustard" pertaining to the rabi production. One can easily guess from this statement of the PM that the mustard growers in Haryana (and elsewhere) preferred to sell their produce to private traders in the open market instead...

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More tears in store? Onion prices may hit new high amid low supply

-The Hindu Business Line Retail prices of onion, which had softened a bit last month, have rebounded over the past few days on continued supply disruption, touching the Rs.100 per kg mark in pockets of consuming centres such as New Delhi and Chennai. The bulb could bring more tears to consumers in the days ahead, trade sources said, as the prices are likely to hit new highs with the crop sown in...

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Government relaxes onion import norms as prices cross Rs.100/kg

-The Hindu Business Line As onion prices crossed ?100 a kg in certain localities in the capital, the government on Wednesday decided to relax fumigation and endorsement conditions for onions imported from other countries to ensure expedited delivery of the bulb. “In the light of public concern over high prices of onions in the market, the Ministry of Agriculture has decided to allow relaxation from the condition of fumigation and endorsement on...

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Swaraj is the kisan's birthright and he should have it -Harish Damodaran

-The Indian Express Agrarian crisis is an opportunity, for the government that assumes office after elections, to enact a law giving farmers the right to sell any quantity of their produce to anybody, anywhere and at any time. The German obsession with sound currency has been conditioned by the collective memory of the Great Hyperinflation of 1922-23, just as American intolerance to double-digit unemployment and stock market crashes is traceable to...

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