oppn parties Centre Announces Measures To Bring Down Onion Prices

News Snippets

  • T20 WC: USA enter Super Eights as their last match against Ireland gets washed out. They were ahead of Pakistan in the points tally. Pakistan were eliminated
  • T20 WC: USA enter Super Eights as their last match against Ireland gets washed out. They were ahead of Pakistan in the points tally. Pakistan were eliminated
  • BJD leader and former Odisha CM Naveen Patnaik said that the criticism of his aide V K Pandian is "regrettable"
  • As more than 20 BJP ministers lost in the recent elections, the new Union cabinet will have many new faces from the party
  • Congress Working committee asks Rahul Gandhi to take up the position of Leader of Opposition in Lok Sabha. Gandhi says he will consider the request
  • RBI governor Shaktikanta Das said that gold was shifted to India as the quantum of RBI gold abroad had increased due to recent purchases
  • Delhi HC rules that submitting photographic evidence of adultery will not be enough, they will have to be proved as authentic in the age of deepfakes
  • A four-member panel will review NEET-UG results of 1563 candidates to check if they were given extra marks for exam time loss
  • Mamata Banerjee says her party will not join Modi's oath-taking ceremony. Also says INDIA bloc might stake claim to form government later
  • K C Tyagi of the JD(U) dropped a bombshell when he said that Nitish Kumar was offered the post of prime minister for switching sides. Opposition leaders rubbished the claim
  • This May was India's hottest month in 36 years says IMD
  • T20 WC: India take on Pakistan today. Telecast to begin at 8pm IST
  • T20 WC: Afghanistan stun New Zealand and Bangladesh win against Sri Lanka
  • T20 World Cup: Australia beat England by 36 runs. This spoils England's chances of making the playoffs as they have lost both their matches till now
  • Heat wave continues in the country as monsoon moves slow
G7 commits to promote India-Europe corridor
oppn parties
Centre Announces Measures To Bring Down Onion Prices

By A Special Correspondent

The price of onions has been heading north as supplies have been disrupted from Maharashtra, the major supplier of the commodity across India. The government has been taking several steps to ensure that the prices remained at manageable levels. It had imposed a minimum export price of $850 per tonne after which exports had gone down a little. Yet, there was no easing of prices in the domestic market.

In a concerted move by many government departments today, the government moved to place a complete ban of export of onions and to limit the stocks retailers and wholesalers can keep with them at a time. The Directorate General of Foreign Trade issued a notification saying "export of all varieties of onions is prohibited from immediate effect". The move is likely to improve domestic supplies

With supplies in the domestic market hit by floods in Maharasthra and with prices rising every few days, it was seen that traders were hoarding the commodity. Once they have seen good prices, these traders would have continued to rig prices by hoarding onions and curtailing supply. Hence, the Consumer Affairs Ministry imposed a stock limit. Retailers can hold only 100 quintals of onions and wholesalers 500 quintals. States have been asked to take strict measures to enforce this.

The price of onions is a very sensitive matter as the vegetable is used in almost all kitchens in India, almost every day and in good quantity. Hence, the government has done well do take these measures. It is now upon the states to ensure that unscrupulous traders do no create an artificial shortage and rig prices.