Concerned by the shooting retail prices of onion, which is presently hovering between Rs 60 and Rs 100 per kg, the Modi govt is set to import 11,000 MT of onion from Turkey.
The govt had imposed the limits in September, under which retailers could stock only up to 100 quintals of onions, and wholesale traders up to 5,000 quintals.
Onion is a seasonal crop, and offseason shortages result in sky-high prices in September-November each year. But politicians’ response creates more distortions.
NAFED stored its buffer stock of 57,372 MT onions using traditional methods as opposed to cold storage. Over half of it got destroyed due to moisture & rain.
Officials from Intelligence Bureau, RAW, ED and I-T department have been mandated to work with agriculture and consumer affairs ministries to check onion prices.
Traders are expected to receive close to 1,000 tonnes of onion by the end of the month to help ease prices which remained high despite government intervention.
Delhi must see opportunity in the new envoy, to be prepared for hurdles, yet be forward-looking and free of preconceived notions that could spoil any chances of a breakthrough.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
At Ran Samvad seminar, defence minister spoke about reasons behind success of Op Sindoor, explained how warfare changed in real time & called for upgradation of tech & cyber infra.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
Yeah, Right. Stamped Indian foreign policy and its collateral damage called Onions!!!.
Good. Business n politics should co-exist.