The Centre is exploring the option of giving direct subsidy to states from the price stabilisation fund to procure onions.
The government is keeping a close watch on onion prices and has floated a tender for import of 10,000 tonnes of onions, which will be opened on August 27.
The government has asked MMTC to import 10,000 tonnes of onions to increase availability of the commodity and tame rising prices.
Madhya Pradesh and Uttar Pradesh governments, too, are expected to soon start using lowcost drones to assess crop losses.
An official said if the claim is approved, the amount would be deposited in the consumer welfare fund in the interest of consumers.
However, meteorologists are hopeful of the emergence of a rain-boosting phenomenon – a positive Indian Ocean Dipole (IOD) – which could offset the impact of El Niño.
Skymet may revise its monsoon forecast after its July prediction turned out to be off the mark and rainfall in June was higher than estimated.
Water level in reservoir in Andhra Pradesh ,Telangana, Karnataka and Maharashtra below normal even as weather office said 73 per cent of India got excess or normal rain
A pickup in monsoon rains, along with a fall in gold prices, is expected to drive purchase of the yellow metal in India, the world’s biggest consumer.
Traders and processors of wheat products are concerned over a likely move by the government to impose a 10 per cent duty on the cereal grain to discourage imports
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