Government of India taking steps to check onion prices to Rs 35 a kg: Secretary Consumer Affairs

Published Nov 13, 2024

Tridge summary

The Indian government is taking urgent steps to address a significant 42.18% increase in vegetable prices, particularly due to a sharp rise in onion prices, as highlighted by the October CPI inflation data. Consumer Affairs Secretary Nidhi Khare emphasized efforts to stabilize retail onion prices, including the introduction of bulk onion transportation via special trains, the 'Kanda Express.' This initiative has already delivered onions to several cities, contributing to price stabilization. The government's goal is to lower retail onion prices to around Rs. 35 per kilogram. The surge in vegetable prices, especially onions, has led to inflation rates exceeding the Reserve Bank of India's target, although inflation excluding vegetables remains low at 3.6%. The government remains committed to using targeted interventions to mitigate the impact on consumers and reduce inflationary pressures.

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Original content

New Delhi [India], November 13 (ANI): In response to a steep 42.18 per cent increase in vegetable prices as per CPI inflation data of October, driven largely by soaring onion prices, Consumer Affairs Secretary Nidhi Khare says the government is taking urgent steps to curb the impact on consumers. Nidhi Khare, outlined government’s initiatives to tackle rising onion prices, with a particular focus on stabilizing retail costs. She said, “There is a situation of concern about the way onion prices have increased steadily in the retail market. Whether steps have been taken by the government. I would like to tell you that below our national average, there are many major states whose prices are privileging whether it is Maharashtra or Gujarat.” She added, “In such states of Uttar Pradesh, Bihar, Madhya Pradesh, Rajasthan, Telangana and Karnataka, the price of Onion is already low.” To further address price volatility, the government introduced bulk onion transportation through special ...

Source: Theprint