India’s regulator, the Securities and Exchange Board of India (SEBI) board has decided to allow non-banking custodians to manage gold-exchange traded funds (ETFs) and other gold-related products. Banking custodians can continue to provide these services, it stated after a meeting. The board decided to bring amendments to the SEBI (Mutual Funds) Regulations, 1996, in this […]
The Centre may soon offload imported onions at a highly subsidised rate of Rs 22-23/kg, down around 60 per cent from the current offered rate, as it apprehends rotting of the perishable kitchen item at ports. The central government is currently offering imported onions to state governments at an average landed cost of Rs 58/kg […]
Consumer Affairs Minister Ram Vilas Paswan told reporters that the central government is “worried” about disposing imported onions as not many states are interested to take it despite being offered at an average landed cost of Rs 55 per kg. Retail onion prices, which were ruling over Rs 100 per kg in most cities since […]
In a bid to attract investments and boost coal production, the government approved promulgation of an ordinance to open up the coal mining sector further by allowing non-coal companies to take part in auctions without end-use restrictions. The Centre also gave its nod for concluding auction of iron ore and other mineral mines before the […]
To prevent the repeat of this year’s onion crisis, the Centre has decided to create a buffer stock of 1 lakh tonnes of the key kitchen staple in 2020, a senior government official said on Monday, as per PTI reports. The government had created a buffer stock of 56,000 tonnes for the current year but […]
India’s rampant onion prices may finally be running out of steam, with fresh supplies of the pungent vegetable set to hit the market next month. In addition, state-owned trading firm MMTC, which has already importing onions on behalf of the government, has contracted an additional 12,500 tonnes of edible bulb from Turkey to boost domestic availability and […]
India’s state trading arm, MMTC has further contracted 4,000 tonnes of Onions from Turkey which is expected to arrive by mid-January, 2020. This 4,000 tonnes is in addition to the 17,090 tonnes of onions already contracted which includes 6090 tonnes arriving from Egypt and 11,000 tonnes from Turkey. The Department of Consumer Affairs has also […]
With onion prices continuing to rise above Rs 100 per kg, the government of India has extended prohibitions on traders from the stocking of edible bulb across the country for an indefinite period to check price rise. Separately, Food and Consumer Affairs Minister Ram Vilas Paswan did not say by when prices of onion will […]
Public sector trading firm MMTC, which has been tasked to import onion on behalf of the Centre to cool prices, has contracted to import 6,090 tonnes from Egypt, and the edible bulb will be supplied to states in a price range of Rs 52-60 per kg. Last week, the Union Cabinet decided to import 1.2 […]
Private traders have placed orders for importing onions and at least 1,000 tonnes are expected by month end, which will help ease retail prices that is still ruling high at over Rs 60/kg, a senior government official said. The retail prices of onion had soared to Rs 100/kg a week back in the national capital, […]
