Govt raises onion buffer to 5 lk MT; NCCF to retail onions at Rs 25/kg
India has raised the quantum of onion buffer to five lakh metric tonne after achieving the initial procurement target of three lakh metric tonne. The National Cooperative Consumers' Federation and National Agricultural Cooperative Marketing Federation of India will procure around one lakh metric tonne of onions to achieve additional procurement targets. Key Points
Economic TimesCentre starts releasing onions in key markets from buffer stock to rein in prices
The central government had earlier decided it will maintain 3 lakh tonne of onions in the 2023-24 season as buffer stock. In 2022-23, the government maintained 2.51 lakh tonne onion as buffer stock. Key Points
FirstpostCentre starts releasing onions from buffer stock to rein in prices
The central government had earlier decided it will maintain 3 lakh tonne of onions in the 2023-24 season as buffer stock. In 2022-23, the government maintained 2.51 lakh tonne onion as buffer stock. buffer stock is maintained to meet any exigencies and for price stabilisation, if rates go up significantly during the lean supply season Key Points
Economic TimesBMC lifts curbs on construction within 500 m of defence depots
The Brihanmumbai Municipal Corporation (BMC) in Mumbai has decided to process fresh proposals for construction projects near defence establishments without requiring No Objection Certificates (NOC). This decision is expected to benefit families living near these establishments, as well as builders and developers in the area. The move comes after the Bombay High Court struck down all defence circulars regarding buffer zones. The BMC will now consult with the law officer on legal issues before proceeding with approvals. However, the BMC will still require an affidavit from owners/developers stating they will withdraw any pending petitions before granting approvals. | Mumbai news Key Points
Hindustan TimesGovt procures 25,000 tonnes of kharif onion so far for buffer stock
The government has raised the buffer stock target to 7 lakh tonnes for the 2023-24 fiscal, against the actual stock of 3 lakh tonnes last year. According to the Secretary, the government had procured 5 lakh tonnes from last year's rabi season and is purchasing 2 lakh tonnes of kharif onion as the buffer stock target has been raised. Key Points
Economic Times
Lokayukta asks MPCB to monitor air pollution in Taloja for a month
Maharashtra Pollution Control Board has been ordered to deploy an observation van in Taloja to monitor air pollution levels and identify industrial units releasing obnoxious gases, while directing them to install pollution-control devices. The order also highlighted the presence of unauthorised construction in the 500 metre buffer zone from the boundary of notified common integrated treatment, storage and disposal facilities. The matter has been adjourned until 2 June. | Mumbai news Key Points
Hindustan TimesNCCF procures 2,826 tn onion from farmers for buffer stock; to scale up buying in coming days
The National Cooperative Consumers' Federation of India (NCCF) has purchased 2,826 tonnes of onions directly from farmers in the last four days, mostly from Maharashtra, as it aims to increase its buffer stock. The government has increased the onion buffer stock target from 3 lakh tonnes to 5 lakh tonnes this year. The NCCF and NAFED have been directed to procure 1 lakh tonnes each directly from farmers to prevent panic selling and control domestic prices. Key Points
Economic TimesOnion prices in Delhi's retail mkt rise to Rs 65-80 per kg; Centre selling at Rs 25/kg from buffer stock
New Delhi, Oct 28 (PTI) Onion prices have further risen to Rs 65-80 per kg in the retail market of the national capital on lower supply. Mother Dairy, which has around 400 Safal retail stores in the Delhi-NCR, is selling loose onions at Rs 67 per kg. E-commerce portal Bigbasket is selling at Rs 67 […] Key Points
ThePrintOnion prices in Delhi’s retail market rise to Rs 65-80 per kg; Centre selling at Rs 25 a kg from buffer stock
With stored rabi onion getting exhausted and delay in arrival of kharif onion, there is a tight supply situation, resulting in price increases in both wholesale and retail markets, says official. Onion prices have further risen to Rs 65-80 per kg in the retail market of the national capital on lower supply. Key Points
The Tribune IndiaWheat stock with Food Corporation of India falls below 100 lakh tonnes for the first time since 2018
The Food Corporation of India (FCI) has reported a decrease in wheat stocks, falling below 100 lakh tonnes for the first time since 2018. However, rice stocks held by FCI currently exceed four times the buffer norm. Despite the drop in wheat stocks, the current level remains above the statutory buffer stock requirement. FCI anticipates a notable improvement in wheat procurement this year. Key Points
Economic Times