Instead of abrupt and stringent measures, Modi govt should focus on long-term solutions to tackle fluctuations in the prices of agricultural commodities.
As of 31 July, agencies have procured over 1.8 LMT of onions — 90% of the aimed buffer stock. This will help price stabilising market interventions should they be needed.
In January this year, India and Bangladesh had reached an agreement that New Delhi will keep Dhaka informed of any such move on onion export in future.
Until last week, 18,000 MT of imported onion had arrived but states have only bought 3,000 MT. Modi govt is offering Bangladesh a lower price to buy stock.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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