The Cabinet Secretary Mr.K M Chandrasekhar has expressed the hope that the prices of Onion will come down quickly. He was speaking to reporters after taking stock of the situation with the Commerce and Consumer Affairs Secretaries. He told reporters that the commerce ministry has been asked to move more onions from Gujarat and Karnataka to make the commodity available in the market. Mr. Chandrasekhar added that Commerce and consumer affairs ministries have been asked to work with speed to ensure import of onions at a faster pace. In reply to a question on the hike in Tomato prices, he said it is due to seasonal factors. The cabinet is personally monitoring the situation. Government has already a series of measures to check he rising prices of onions. The exports of onions have been banned till further orders and import duty abolished. Centre yesterday asked states to take stringent action against hoarders and directed the Commerce Ministry to speed up onion imports as part of measures to ease the crisis over spiralling onion prices. Official sources said the Cabinet Secretary has also asked the Railway Board to provide more rakes for expeditious movement of onions from producing regions to different parts of the country. Due to the measures taken by the government, wholesale prices of onions have been declining since Tuesday, though the impact is yet to be seen in retail markets.
News On AIR | December 23, 2010 1:26 PM
Onion prices to come down soon: Cab. Secy