With retail inflation inching up contrary to expectations of downward movement, it is time to keep to eye on onion prices which may increase further by 10-15 per cent in the rainy season, according to an ASSOCHAM paper. While onion is selling at Rs 1800-2500 per quintal in different wholesale mandis, the retail vendors are […]
Rating agency ICRA said the normalization of monsoon has increased the probability of GDP growth in India rising to 7.4-7.6% this year as well as that of an interest rate cut during the October-December quarter of this year. “Following bouts of unseasonal rainfall in the pre-monsoon period, the surplus monsoon rainfall in June 2015 has […]
Terming the progress in monsoon rains as a positive trend, minister of state for Science and Technology and Earth Sciences, Mr Y.S. Chowdary today sought to allay concerns over forecast of deficient monsoon rains at an ASSOCHAM event held in New Delhi. “Monsoon is in a positive trend, there is no need to have any […]
Union Food Processing Industries Minister Smt. Harsimrat Kaur Badal said her ministry will try to bring down losses in the agricultural commodities, particularly in fruits and vegetables, from the present 18% to much lower levels. Addressing the meeting organised by the Ministry of Food Processing Industries (MOFPI) in association with the Associated Chamber of Commerce […]
Sandip Sabharwal, a Mumbai-based fund manager and investment expert, has explained how unscrupulous hoarders and traders in India jack up the prices of onions. In a post on his Facebook page, Sabharwal described the exact methodology of how India’s onion cartel, that pushes up onion prices to as much as Rs 100 per KG, operates. […]
Among the sectors crying out for reform under the new Narendra Modi government is agriculture and food production. Crisil, arguably India’s biggest credit rating and economy research house, has called for the new government to abolish the Agricultural Produce Market Committee Act or APMC to curb high food price inflation. The APMC Act prohibits farmers […]
