The government of India starts selling tomatoes at a subsidized rate of Rs 65 per kilogram in Delhi

Published Oct 7, 2024

Tridge summary

In response to soaring tomato prices in New Delhi, the Indian government has launched a market intervention by selling tomatoes at a subsidized rate of Rs 65 per kg to ease consumer burden and limit intermediary profits. The price surge, reaching an average of Rs 90 per kg, is linked to quality issues from extended monsoon conditions in key producing regions. The National Cooperative Consumers' Federation (NCCF) is procuring tomatoes directly from mandis and distributing them through mobile vans in 50 colonies. Additionally, the government is offering onions from its buffer stock at Rs 35 per kg and importing pulses and chickpeas to stabilize prices. This initiative aims to protect consumers during the festive season and address the intermediaries' role in the price increase.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

New Delhi, Oct 7 (PTI) The Centre on Monday started selling tomatoes at a subsidised rate of Rs 65 per kg in the national capital to provide relief to the common man and check abnormal profits by intermediaries. Tomatoes are being sold at an average rate of Rs 90 per kg in the national capital. “We are trying to moderate the prices of tomatoes. With this market intervention, in the next 3-4 days prices of tomatoes will come down,” Khare told reporters here. NCCF has initiated a market intervention by directly procuring tomatoes from mandis and selling them at a subsidised rate of Rs 65 per kg. Mobile vans would sell tomatoes at 50 colonies in the national capital. The intervention is to protect consumers from recent increase in tomato prices and prevent windfall gains for intermediaries, according to a statement. “The retail price of tomatoes has seen unwarranted increase in recent weeks despite continuous arrival in mandis in good quantities. Rains and high humidity due to ...
Source: Theprint

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