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Centre Allows States To Take Control Measures To Ensure Onion Availability At Reasonable Prices

States may now impose stock limits on onions and undertake various measures like de-hoarding operations, action against speculators and profiteers

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As part of its efforts to ensure that the prices of essential commodities are kept under control, Indian government has taken a decision to enable the states/union territories to impose control measures on traders/dealers of onion to ensure adequate availability of essential commodity at reasonable prices.

This information was conveyed by the Ministry of Consumer Affairs, Food & Public Distribution in an official statement released on Tuesday (29 August).

States may now impose stock limits on onions and undertake various measures like de-hoarding operations, action against speculators and profiteers.

This has been necessitated due to the abnormal rise in prices of onions in recent weeks particularly from July end of this year onwards, though the production and supply of onions in the market is better than last year during the same period.

As per all India average retail price, the prices have increased from Rs 15 per kg to Rs 28.94 per kg. In the metros the rise has been even steeper, Rs 31 per kg in Chennai, Rs 38 per kg in Delhi, Rs 40 per kg in Kolkata and Rs 33 per kg in Mumbai.

After examination of all the circumstances, government has inferred that there are some other reasons than shortage of onions, contributing to the abnormal price rise of onions like hoarding, speculation etc.

Therefore the states/union territories were required to be enabled to take action against those traders who are engaged in speculative trading, hoarding and profiteering in onions.

 The measure is expected to bring the prices of onions down to a reasonable level to give an immediate relief to the consumers.


sentifi.com

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