The domestic availability of onion has been affected on account of damage to kharif crop because of unseasonal rains in key producing states including Maharashtra.
Congress on launched an all out attack on Prime Minister Narendra Modi accusing him of "misleading" people on the WTO issue and ridiculed BJP over its "Congress phobia".
The country has also asked India to further reduce tariffs on goods.
Rangarajan, who was answering questions on onion prices touching Rs 100 per kg in some cities, said the impact on inflation would not last long.
The nomination process began in Varanasi for the most keenly watched Lok Sabha elections, with Congress candidate Ajay Rai, who is pitted against BJP's prime ministerial candidate Narendra Modi and Aam Aadmi Party convenor Arvind Kejriwal, filing his papers after offering liquor to Lord Kaal Bhairav as per local tradition.
President Pranab Mukherjee will be among over 90 heads of state and government who will attend an emotional memorial service in South Africa on Tuesday for anti-apartheid legend Nelson Mandela, making it one of the largest such gatherings in generations.
Pakistani Prime Minister Nawaz Sharif has cancelled his visit to WEF annual meeting after a deadly Taliban attack in his country.
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
"I am very impressed with India's ability to stand up and defy the international regime which has no regard for the food security of 600 million farmers and 800 million hungry people," says Devinder Sharma.
Concerns over effective control not addressed in the second revised shareholders' agreement, says DIPP; Sebi opposes commercial cooperation pact
Congress strategists are worried that if it focuses too much on the Tehelka issue, it could end up diluting its ongoing campaign against Gujarat Chief Minister Narendra Modi on the snooping allegations. Anita Katyal reports
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
India scored a remarkable win on food security, but trade partners will now put pressure on New Delhi to provide meaningful openings for industrial goods and services and be more accommodative on liberalising tariffs.
No large nation has done less to feed its millions of poor than India has in the past decade or two since the beneficial effects of the Green Revolution wore off.
The finance minister admitted that there was no quick-fixes to economic problems and the government is working to stabilise the economy which may take time.
Any delay in passing the coal bill may cause a crisis in the coal sector which would also affect the power sector.
Delhi's inability to open up a new canvas with Pakistan and Sharif is symptomatic of its sluggish thinking. Jyoti Malhotra analyses
Despite criticism of a lack of transparency and communication from the Modi-led government, BJP leaders point to "good beginnings" on several fronts to defend its performance. Sheela Bhatt/Rediff.com reports.
In the last 10 years, when the people looked at New Delhi, they saw two centres of power and not one decisive leader between them. There was nobody who could speak in a language people wanted to hear. Rediff.com's Sheela Bhatt reveals the true reason why the UPA appears rudderless on the eve of Election 2014.
'I am almost tempted to say there is some kind of a vested interest operating to play down the achievements of Modi.' 'I think the focus should be on what has been achieved in 70 days and not on how this government functions.' Commerce Minister Nirmala Sitharaman's exclusive interview with Sheela Bhatt/Rediff.com on how the Modi sarkar is changing India.
Kerala Chief Minister Oommen Chandy tells rediff.com's Shobha Warrier why the UPA lost in the general elections, the decline of the Left and what he expects from the Centre.