Wholesale Price based inflation spikes to 3-month-high at 0.53% in March
The annual rate of inflation based on the all India Wholesale Price Index (WPI) number has risen marginally to 0.53 per cent for March 2024, the government said on Monday.
The annual rate of inflation based on the all India Wholesale Price Index (WPI) number has risen marginally to 0.53 per cent for March 2024, the government said on Monday.
The government has directed the NCCF and the NAFED to start buying 5 lakh tonnes of onion for the country’s buffer requirement directly from farmers as the Rabi-2024 harvest has begun arriving in the market, the Food Ministry said on Tuesday.
In a surprising turn of events, India has extended its ban on onion exports indefinitely, sending ripples through both domestic and international markets.
While the Prime Minister Narendra Modi-led government imposed a ban on onion exports till March 2024 in the run-up to the Lok Sabha polls slated for April-May 2024
Unseasonal rainfall during November had damaged the onion and tomato crops which led to a shortage of the two commodities in the market and triggered the price rise.
In an unprecedented move, the government raised the quantum of onion buffer to 5 lakh metric tonne this year, after…
Late Kharif onion arrivals are steady and expected to remain so till the Rabi arrival from March 2022.
Most importantly, the government helmed by Begum Hasina has taken exception to the fact that Bangladesh had not been informed in advance before the ban on the export of onions was imposed.
Eat raw or lightly cooked onions to enjoy myriad of health benefits during the hot months
The ground realities need to be examined in the context of onion prices. Is onion production in India terribly low? No, not below the demand, although it may be less than the need. Business enterprises, the governments which think business is not their business and their supporting economists are worried only about the demand, not the need.
