India's Basic Vegetables Onions Price Inflation
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Recently, based on vegetables, onions, India, price spikes, lead to protests in the country and blamed the opposition. 22 Government of India decided to cancel import duty on onion to stabilize prices.
Let the people the opposition launched an attack
The Financial Secretary announced in India day: "onion import tariff has been reduced to zero." Onion was one of India's most expensive vegetables, but India's onion prices in just a few days time, doubled up, the price per kilogram of onion soared from 35 to 40 rupees to 80 rupees.
Reported on onion prices in India every day on the front page of the newspaper. Indian people on this strong dissatisfaction, calling the Government to take measures to reduce onion prices, some places as onion prices soared riots. India's largest opposition party Bharatiya Janata Party to seize the onion and food prices this topic criticism of the government, Prime Minister Manmohan Singh on onion prices also expressed "deep concern."
In addition to abolish import duty on onions, the Indian government had previously banned the export of onions. However, the Indian government warned that the onion-growing areas of western India caused unusual weather cut onion, onion delayed time to market, so prices may onion will remain high in the next few weeks.
Public opinion called for thorough investigation of hoarding behavior
Government of India that some businessmen are hoarding onions speculative price spikes led to one of the reasons onion. "India Times" published an editorial called 22 must be to investigate and take severe punitive measures.
Government of India announced that to meet the domestic demand for onions, India will import onions from Pakistan emergency. At present, Pakistan is only on the market price of onion prices in India onion 1 / 5. Government of India will also require state-owned cooperative store in 35 to 40 rupees per kg in the wholesale sale of onions.
In addition to the onion, the Indian potatoes, tomatoes and other basic vegetables prices also rising trend, the overall food price inflation has reached 10% in the lives of hundreds of millions of poor people has brought great pressure.
In India, the price of onions is related to the daily livelihoods of 1.1 billion people in India's big problem, onion has thus evolved into a typical "political vegetables", is in India a very sensitive political issue. In 1980, Indira Gandhi is the use of the then ruling People's Party failed to control onion prices regarding his, took the lead in the parliamentary elections to unseat the BJP. In 1998, local elections in Delhi, the BJP also due to the rise in onion prices lost. |
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By :
Jessie Stone
Submitted
2010-12-29 06:22:47 |
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