6 steps taken by Modi govt to rein in soaring onion prices
With retailers complaining of lack of adequate stock and the comman man hoping for rate relief in the festive season, the Narendra Modi government has been forced to take emergency measures.
<p>Onion prices continue to soar across the country with rates crossing the Rs 100 a kilo mark in many states.</p><p>With retailers complaining of lack of adequate stock and the comman man hoping for rate relief in the festive season, the Narendra Modi government has been forced to take emergency measures.</p><p>Here's the steps that the government has adopted to tide over the crisis:</p>
Onion prices continue to soar across the country with rates crossing the Rs 100 a kilo mark in many states.
With retailers complaining of lack of adequate stock and the comman man hoping for rate relief in the festive season, the Narendra Modi government has been forced to take emergency measures.
Here's the steps that the government has adopted to tide over the crisis:
<p><strong>Step 1: </strong>Ban on onion export to ensure availability to domestic consumers</p>
Step 1: Ban on onion export to ensure availability to domestic consumers
<p><strong>Step 2: </strong>Caliberated release of built-up buffer stock from Rabi onion<br /> </p>
Step 2: Caliberated release of built-up buffer stock from Rabi onion
<p><strong>Step 3:</strong> Relaxing import norms for import of onions</p>
Step 3: Relaxing import norms for import of onions
<p><strong>Step 4: </strong>High Commissions reaching out to nations to contact traders for pushing for greater onion imports</p>
Step 4: High Commissions reaching out to nations to contact traders for pushing for greater onion imports
<p><strong>Step 5: </strong>Imported onions directed to state governments at an average landed cost of Rs 58/kg </p>
Step 5: Imported onions directed to state governments at an average landed cost of Rs 58/kg
<p><strong>Step 6: </strong>Centre is also bearing the transportation cost of the imported onions.</p>
Step 6: Centre is also bearing the transportation cost of the imported onions.
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