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 an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
Yeah, Right. Stamped Indian foreign policy and its collateral damage called Onions!!!.
Good. Business n politics should co-exist.