From Kumar Mangalam Birla commenting on the relief for Vodafone Idea, to onion touching Rs 140 a kg in some cities, Business Standard brings you top headlines of the day
Delayed and prolonged rains are the main reason for damage to onion crops, Minister of State for Consumer Affairs, Food and Public Distribution, Dadarao said during Question Hour
The price of onion was ruling at around Rs 120 a kg in Mumbai, Chennai and Kolkata, while it was around Rs 100/kg in Delhi on Friday, as per the ministry's latest data
On Thursday, the onion prices which have been fluctuating for over a month in Delhi, touched Rs 109 per kg in many markets in the city
Incentivise storage to ensure steady availability
Onion prices have been ruling high for the past few weeks even as various measures have been initiated to increase supply of the key kitchen staple
In a press conference here, the party's Rajya Sabha member Amee Yajnik said the government has "failed utterly" in handling the matter
They asserted that they will continue to protest in the same manner till the state government takes measures to control the price of onions, which is selling at Rs 100 and more per kg in the state
According to retail vegetable vendors, onions are being sold in the range of Rs 70-80 per kg in the national capital and suburbs
Besides stock holding limit, the Centre has banned exports of onion and importing 1.2 lakh tonnes to control prices
Traders who have imported onions without fumigation or having endorsement of such treatment on phytosanitary certificate will be allowed to fumigate in India through an accredited treatment provider
I-T sleuths checked account books of some wholesale dealers against physical stocks of the commodity
The prices recently shot up to Rs 100/Kg in the retail market
With 3,000 tonnes of imported onion entering the market over the next fortnight, the price should start cooling off. Soon after, the new crop of onions will arrive, further reducing prices
The consignment would be inspected thoroughly by quarantine officials and released only if found free from pests and diseases of concern to India.
Earlier today, the Union Minister held a meeting with Consumer Affairs Secretary AK Srivastava and Food Secretary Ravikant over the rising onion prices and the onion import issue.
Onion prices are ruling high for more than a month in Delhi-NCR due to supply disruption following heavy rains in growing states like Maharashtra
The protest erupted after farmers came with their cartloads of onions from all across the state to cash in on the higher prices.
The government said exports will be prohibited with immediate effect
Earlier this week, the Centre had taken several decisions to curb the rise in onion prices