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Onion prices stable, showing a decline: Govt panel

The 18th meeting of the group constituted for monitoring cartelisation, hoarding, speculative trading, etc. with respect to essential food items such as Pulses, Onions, Tomatoes, and oilseeds was held under the Chairmanship of Secretary, Consumer Affairs, Shri Avinash K Srivastava at Krishi Bhawan today.

Onion prices stabl
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Published : Oct 15, 2019, 8:16 PM IST

Updated : Oct 16, 2019, 2:52 PM IST

New Delhi: Onion prices have stabilised and shown a declining trend with the arrival of Kharif (summer-sown) crops, the government on Tuesday said after reviewing the rates of essential commodities.

Retail prices of onion and tomatoes have been ruling high in the Delhi-NCR market on supply constraints. Tomato prices reached up to Rs 80 per kg while onion was costing Rs 60 per kg last week.

The 18th meeting of the group constituted for monitoring cartelisation, hoarding, speculative trading etc with respect to essential food items such as pulses, onion, tomato and oilseeds was held under the Chairmanship of Secretary, Consumer Affairs, Avinash K Srivastava here.

Representatives from the Ministry of Agriculture, Intelligence Bureau, Delhi Police, NAFED, DGFT, Ministry of External Affairs, Delhi Government attended the meeting.

The representatives briefed the group about the prevailing scenario with respect to essential food items.

"It was informed by representatives of Agriculture that arrivals of Kharif onions have started and prices have since shown stable to a declining trend."

The group decided that appropriate policy interventions might be recommended at the appropriate time to augment the availability of pulses across the nation.

"All the Chief Secretaries will be advised again to hold regular meetings with wholesalers, traders, importers, exporters etc. of onions, pulses, edible oils & oilseeds etc at state and district levels especially during the festive season i.e up to December 2019," the statement said.

The Committee of Police of NCR States should hold regular meetings under the chairmanship of a senior Delhi Police officer to keep watch on hoarding of stock by the traders near the State borders of Delhi and take suitable action against them.

Read more: Despite inflation rise, analysts see RBI cutting rates in December

New Delhi: Onion prices have stabilised and shown a declining trend with the arrival of Kharif (summer-sown) crops, the government on Tuesday said after reviewing the rates of essential commodities.

Retail prices of onion and tomatoes have been ruling high in the Delhi-NCR market on supply constraints. Tomato prices reached up to Rs 80 per kg while onion was costing Rs 60 per kg last week.

The 18th meeting of the group constituted for monitoring cartelisation, hoarding, speculative trading etc with respect to essential food items such as pulses, onion, tomato and oilseeds was held under the Chairmanship of Secretary, Consumer Affairs, Avinash K Srivastava here.

Representatives from the Ministry of Agriculture, Intelligence Bureau, Delhi Police, NAFED, DGFT, Ministry of External Affairs, Delhi Government attended the meeting.

The representatives briefed the group about the prevailing scenario with respect to essential food items.

"It was informed by representatives of Agriculture that arrivals of Kharif onions have started and prices have since shown stable to a declining trend."

The group decided that appropriate policy interventions might be recommended at the appropriate time to augment the availability of pulses across the nation.

"All the Chief Secretaries will be advised again to hold regular meetings with wholesalers, traders, importers, exporters etc. of onions, pulses, edible oils & oilseeds etc at state and district levels especially during the festive season i.e up to December 2019," the statement said.

The Committee of Police of NCR States should hold regular meetings under the chairmanship of a senior Delhi Police officer to keep watch on hoarding of stock by the traders near the State borders of Delhi and take suitable action against them.

Read more: Despite inflation rise, analysts see RBI cutting rates in December

Intro:Body:

New Delhi, Oct 15 (IANS) National passenger carrier Air India has asked the Centre to release equity payment due to the airline to pay up for past fuel bills that are owed by the company.



The development comes after oil marketing firms have again threatened to suspend fuel supplies to the airline.



According to a senior Air India official, the government has been approached for infusing equity that it owes to the airline, so that the company can pay up fuel retailers.



The official said that at present, Air India is able to meet its daily fuel requirement by paying Rs 18 crore but is unable to pay up for the backlog of dues.



"We are making day-to-day payments of Rs 18 crore. However, dues can not be paid as the airline can not finance such huge burden on its own," the official told IANS.



"We have again requested the government for equity infusion."



Notably, the centre has not infused any funds into the airline during 2019-20.



The development comes after the OMCs have threatened to suspend fuel supply to the airline over its massive due amount of over Rs 2,500 crore.



On August 22, oil marketing firms had stopped fuel supply to Air India at six airports.



However, it was restarted on September 7.

 


Conclusion:
Last Updated : Oct 16, 2019, 2:52 PM IST
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