Onion prices soar; Union government sells at ₹35 per kg to curb profiteering
GS3Economy · S&T · Environment · Security· Growth, inflation & macro indicators· Prelims·
Why in news
The Union government intervened in the onion market byselling at a fixed price of ₹35/kg to curb profiteering and hoarding.
Background
The Consumer Affairs Ministry, in collaboration with NAFED and NCCF, initiated the sale of onions via mobile vans in cities like Delhi. The intervention aims to address price volatility caused by black marketing and hoarding.
Facts for Prelims
- BodyNAFED: National Agriculture Cooperative Marketing Federation of India
- BodyNCCF: National Cooperative Consumers' Federation of India
- FactGovernment intervention price: ₹35 per kg
- PostShivraj Singh Chouhan: Union Minister for Consumer Affairs, Food and Public Distribution
For Mains
Q. Discuss the challenges of price volatility in essential commodities and evaluate the effectiveness of government-led market interventions in curbing profiteering.
Dimensions to cover in your answer
- Role of middlemen
- Supply chain inefficiencies
- Impact on farmer income vs consumer prices
- Way forward: Buffer stock management
Keywords: Price Volatility · Profiteering · Market Intervention · Supply Chain Management · Food Security
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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.