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Govt taking steps to control onion prices: Sitharaman

Govt taking steps to control onion prices: Sitharaman

New Delhi, Dec 4 (SocialNews.XYZ) 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.

"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.

Source: IANS

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Govt taking steps to control onion prices: Sitharaman

About Gopi Adusumilli

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

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