October 16, 2015 9:30 PM

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NITI Aayog suggests various measures to deal with volatility of prices of kitchen staple

NITI Aayog has suggested various measures including enhancing of storage infrastructure and stocking of Onion by Central and State agencies to deal with the volatility of prices of kitchen staple. Prof. Ramesh Chand, the member of the Aayog in a Blog said that to reduce effect of weather shock, Onion cultivation in States like Uttar Pradesh should be promoted and its production in kharif season be popularized. <br/><br/>He also advised the Directorate of Economics and Statistics in the Agriculture Ministry to develop reliable price forecast model for Onion and come out with early warning system for it. He said, such system would enable the government to take appropriate measures in advance like procurement, regulating export, arranging imports and putting check on hoardings of onion.

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