New Delhi, June 12 (IANS) In a bid to ensure better returns for farmers, the government has raised the onion procurement price, under its buffer stock programme, to Rs 16.50 per kg from Rs 15.80 per kg, effective from Saturday.Union Food and Consumer Affairs Minister Pralhad Joshi said in a post on X that based on prevailing mandi prices and quality requirements for storage-grade onions, the Minimum Assured Procurement Price (MAPP) has been revised to Rs 1,650 per quintal, with effect from June …
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New Delhi, May 30 (IANS) If rainfall is deficient due to the development of El Nino in June, the transmission to food inflation, rural demand and aggregate growth could be swift, adding to the existing inflationary pressures stemming from elevated global energy prices, the Finance Ministry’s ‘Monthly Economic Review’ for May said on Saturday.Looking ahead, agricultural prospects for the upcoming kharif season are a source of both near-term comfort and medium-term caution, it said.”On the p…