Govt to import 1 lakh tonnes onion to check price rise, says Ram Vilas Paswan

By: |
Published: November 9, 2019 6:17:56 PM

While state-owned trading firm MMTC will import onions, cooperative Nafed will supply the key kitchen items in the domestic market.

Nafed has been directed to supply imported onions across the country, the minister said.Nafed has been directed to supply imported onions across the country, the minister said.

The government on Saturday decided to import 1 lakh tonnes of onion to control prices that have shot up to about Rs 100 per kg in the retail market.

While state-owned trading firm MMTC will import onions, cooperative Nafed will supply the key kitchen items in the domestic market. This decision was taken at a meeting of a committee of secretaries held on Saturday.

“The government has taken a decision to import one lakh tonnes of onion to control prices,” Food and Consumer Affairs Minister Ram Vilas Paswan said in a tweet.

The MMTC has been asked to import onions and make it available for distribution in the domestic market, between November 15 and December 15 period, he added.

Nafed has been directed to supply imported onions across the country, the minister said.

Onion prices have risen sharply for more than a month due to tight supply. The retail prices have increased up to Rs 100 per kg in the national capital and ruling in the range of Rs 60-80 per kg in other parts of the country, as per the trade data.

Do you know What is Receipt Budget, Securities Transaction Tax, Revenue Deficit, Centrally Sponsored Scheme, Non Tax Revenue? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Next Stories
1Women outpace men in making money; key reasons behind erosion of billionaires’ wealth in 2018
23 years of Demonetisation: Cash in circulation hits record high; how far is cashless economy
3Moody’s cuts India outlook from stable to negative — Here’s what will change