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.
For all its obvious blemishes, capitalism alone holds out the most creative and dynamic force that any civilization has ever discovered, wrote BP Godrej in 1980.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
This is the first major attack on central security forces since last November, when a CRPF jawan was killed and four were injured in an ambush in Jiribam on Manipur-Assam border.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
Yeah, Right. Stamped Indian foreign policy and its collateral damage called Onions!!!.
Good. Business n politics should co-exist.