City
Epaper

Govt taking steps to control onion prices: Sitharaman

By IANS | Updated: December 4, 2019 22:40 IST

Finance Minister Nirmala Sitharaman on Wednesday said that the government has taken a host of measures, including imports, to deal with the rising prices of onions and there are several structural issues related to their storage which the government is trying to address.

Open in App

"Steps are being taken other than procurement," she told Lok Sabha while replying to the debate on Supplementary Demands for Grants for 2019-20 where she also said export of onions have been banned and tender have been floated for its import.

The Minister also told MPs the government has also decided to import to procure from the open market of countries with a surplus and from onion-growing regions. She further added steps are being taken for distribution of the onion through open mandis auction .

She also said that the government plugged all loopholes through DBT and "all dalals and middlemen have been eliminated from the system".

Prices of onions in many places have crossed Rs 100 per kg in many places due to shortage. Steps taken by the government to check rising prices of onions include ban on exports, imposition of stock limits, import and transfer of onion from surplus to deficit areas.

Lok Sabha later passed the first batch of Supplementary Demands for Grants allowing the government to spend an additional Rs 21,246.16 crore, including over Rs 8,820 crore in the newly formed Union Territories of Jammu and Kashmir, and Ladakh in the current fiscal ending March 2020.

The total cash outgo will be about Rs 9,000 crore. The government has sought Rs 8,820.62 crore as grants for Union Territories of Jammu and Kashmir, and Ladakh in lieu of the erstwhile state's share of 14th Finance Commission Award. Another Rs 4,557 crore will be infused in the IDBI Bank through recapitalisation bonds, while Rs 2,500 crore will go into recapitalisation of state-owned insurance companies.

( With inputs from IANS )

Open in App

Related Stories

MumbaiMumbai: 25-Year-Old Gym Trainer Dies by Suicide After Alleged Mental Harassment Over Loan Repayment; Four Booked

InternationalFrench Embassy in India hosts yoga session on 11th International Day of Yoga

MumbaiMumbai: Sex Racket Busted at Malad Beauty Parlour; Woman Arrested, Minor Among 3 Rescued

BusinessSeoul's new trade minister to visit Washington for tariff negotiations

InternationalSeoul's new trade minister to visit Washington for tariff negotiations

National Realted Stories

NationalAcharya Prashant redefines yoga through Bhagavad Gita in cinema halls broadcast across India

NationalMake yoga a part of daily routine, build healthy society, says CM Yogi on IDY

NationalSalem steel plant to play key role in achieving 300 MT production target by 2030: Minister

NationalYogathon ignites spirit of wellness on International Day of Yoga in New Delhi

NationalBank Holiday Today: Are Banks Open or Closed on Saturday, June 21? Check Details