News for 'NCCF'

Tomatoes now cost Rs 65/kg in Delhi

Tomatoes now cost Rs 65/kg in Delhi

Rediff.com7 Oct 2024

The Centre on Monday started selling tomatoes at a subsidised rate of Rs 65 per kg in the national capital to provide relief to the common man and check abnormal profits by intermediaries. Tomatoes are being sold at an average rate of Rs 90 per kg in the national capital.

'Kanda Express' to bring 1,600 tonnes of onions to Delhi on Oct 20

'Kanda Express' to bring 1,600 tonnes of onions to Delhi on Oct 20

Rediff.com17 Oct 2024

In a significant move to control spiralling onion prices ahead of the festive season, the government will transport 1,600 tonnes of buffer stock via railways from Maharashtra to Delhi - the first such initiative using rail transport for the kitchen staple. The special rake, dubbed 'Kanda Express', will depart from Maharashtra's Lasalgaon Railway Station and reach Delhi's Kishanganj Railway Station on October 20, Consumer Affairs Secretary Nidhi Khare announced on Thursday. The government expects this bulk movement to help stabilise prices in the Delhi-NCR region, where buffer stock onions are currently being sold at a subsidised rate of Rs 35 per kg.

FM unveils six new schemes, raises KCC limit to Rs 7 lakh

FM unveils six new schemes, raises KCC limit to Rs 7 lakh

Rediff.com1 Feb 2025

Finance Minister Nirmala Sitharaman on Saturday announced six new schemes and increased the subsidised Kisan Credit Card (KCC) loan limit to Rs 7 lakh from Rs 5 lakh, targeting everything from unemployment to crop productivity enhancement across the country. Presenting her eighth budget speech in Parliament, Sitharaman positioned agriculture as "the first engine of growth" and unveiled the Prime Minister Dhan-Dhaanya Krishi Yojana, a flagship program targeting 100 agri-districts grappling with low productivity, moderate crop intensity, and below-average credit parameters.

Budget 2025: More credit for farmers, 6 new schemes announced

Budget 2025: More credit for farmers, 6 new schemes announced

Rediff.com1 Feb 2025

In a significant policy shift aimed at boosting agri-productivity and rural prosperity, Finance Minister Nirmala Sitharaman on Saturday announced six new agricultural schemes while increasing the subsidised Kisan Credit Card loan limit to Rs 5 lakh from the existing Rs 3 lakh, benefiting 7.7 crore farmers, fishermen, and dairy farmers.

Govt sells onion at Rs 35/kg in Delhi-NCR, Mumbai

Govt sells onion at Rs 35/kg in Delhi-NCR, Mumbai

Rediff.com5 Sep 2024

The Centre on Thursday began the first phase of retail sales of onion at a subsidised rate of Rs 35 per kg to provide relief to Delhi-NCR and Mumbai consumers from rising prices of the kitchen staple. NCCF and NAFED, which are maintaining a buffer stock of 4.7 lakh tonne onion on behalf of the government, will undertake the retail sale through their own stores and mobile vans. Onion will be sold at 38 retail points in Delhi-NCR and Parel and Malad in Mumbai.

High points of Sitharaman's 8th Union Budget

High points of Sitharaman's 8th Union Budget

Rediff.com1 Feb 2025

These are the highlights of the Union Budget 2025-26 presented by Finance Minister Nirmala Sitharaman in Parliament on Saturday.

Post govt's move, onion prices drop in major cities

Post govt's move, onion prices drop in major cities

Rediff.com14 Sep 2024

The government's subsidised onion sale initiative, launched on September 5, has led to price drops in major cities within days, the consumer affairs ministry said on Saturday. In Delhi, retail onion price fell from Rs 60 to Rs 55 per kg, while Mumbai saw a decrease from Rs 61 to Rs 56 per kg. In Chennai, the retail price reduced from Rs 65 to Rs 58 per kg, the ministry said in a statement.

2 central co-ops to sell tomatoes at Rs 50 per kg

2 central co-ops to sell tomatoes at Rs 50 per kg

Rediff.com14 Aug 2023

The Centre on Monday directed cooperatives NCCF and NAFED to sell tomatoes at a reduced rate of Rs 50 per kilogram from Tuesday in view of the decline in prices in the wholesale markets. Since July, both NCCF and NAFED have been selling tomatoes at a discounted rate on behalf of the consumer affairs ministry in Delhi-NCR, Uttar Pradesh, Rajasthan and Bihar to boost domestic availability and contain price rise. Initially, the ministry had asked the two cooperatives to sell tomatoes at a subsidised rate of Rs 90 per kg and later reduced the price to Rs 80 per kg. Further, the price was cut to Rs 70 per kg.

Govt to now sell discounted tomatoes at Rs 80/kg

Govt to now sell discounted tomatoes at Rs 80/kg

Rediff.com16 Jul 2023

The Centre will sell tomatoes at Rs 80 per kg from Sunday, as against Rs 90 per kg earlier, to provide relief to people from high prices of the key kitchen item in retail markets.

Govt removes minimum export price on onion

Govt removes minimum export price on onion

Rediff.com13 Sep 2024

The government on Friday scrapped a minimum price threshold that it had set previously for exports of onion as it looked to pass on the benefit of international glut to Indian farmers. The government had previously fixed a $550 per tonne as the minimum export price (MEP), which essentially meant farmers could not sell their produce overseas at lower than this rate.

Subsidised tomatoes to now cost Rs 70 per kg: Govt

Subsidised tomatoes to now cost Rs 70 per kg: Govt

Rediff.com19 Jul 2023

The Union government has reduced prices of subsidised tomatoes to Rs 70 per kilogramme from Thursday from Rs 80 per kg now to provide relief to common man from high retail prices. The Centre is selling tomatoes to people at a subsidised rate of Rs 80 a kg in Delhi-NCR and some other key cities through the National Cooperative Consumers' Federation of India (NCCF) and the National Agricultural Cooperative Marketing Federation of India (NAFED). The all-India average retail prices of tomatoes is ruling at nearly 120 per kg, although the key kitchen item is selling as high as Rs 245 per kg at some places.

$800/tonne minimum export price imposed on onion

$800/tonne minimum export price imposed on onion

Rediff.com28 Oct 2023

The government on Saturday imposed a minimum export price (MEP) of $800 per tonne on onion exports till December 31 this year with a view to increase availability of the vegetable in the domestic market and contain prices. The decision will come into effect from October 29. Besides, the government has also announced the procurement of additional 2 lakh tonnes of onion for the buffer, over and above the 5 lakh tonnes already procured.

For first time Centre will sell tomatoes at discount in metros

For first time Centre will sell tomatoes at discount in metros

Rediff.com12 Jul 2023

In a first, the Centre will start selling tomatoes at discounted rates in retail markets in the national capital and few other cities from Friday to provide relief to the consumers as the price of the kitchen staple is ruling high at over Rs 200 per kilogram in some parts of the country.

Magicpin app crashes under tomato demand, stocks sold out within 10 mins

Magicpin app crashes under tomato demand, stocks sold out within 10 mins

Rediff.com1 Aug 2023

Hyperlocal delivery platform magicpin experienced an overwhelming surge in demand at 9 am on Monday, causing its app to crash, leaving users temporarily unable to access the platform. The increased traffic came after the firm announced its "tomatoes @ Rs70" initiative last week in partnership with National Cooperative Consumers Federation of India (NCCF) and Open Network for Digital Commerce (ONDC). This led to magicpin's tomato stocks depleting within the first 10 minutes, leaving many buyers struggling to order.

Govt to release buffer onion stock in open market immediately

Govt to release buffer onion stock in open market immediately

Rediff.com11 Aug 2023

The government on Friday announced it will release onion from its buffer stock in the targeted regions with immediate effect to ensure prices remain under check till the new crop arrives from October onward. The government is exploring multiple options for disposal of onion: e-auction, e-commerce as well as through states at discounted rates via retail outlets of their consumer cooperatives and corporations, it said. The government has currently maintained 3 lakh tonnes of onion under the Price Stabilisation Fund (PSF) to meet any exigencies, if rates go up significantly during the lean supply season.

How Politicians Prevented Onion Tears

How Politicians Prevented Onion Tears

Rediff.com5 Sep 2023

Even before NCP-Ajit Pawar leaders came to meet in Delhi, the central government decided to buy 200,000 tonnes of onions from farmers at Rs 24.1 per quintal. This was among the highest prices at which onions have ever been bought from farmers.

Bharat Rice to be sold at Rs 29/kg in retail market from next week

Bharat Rice to be sold at Rs 29/kg in retail market from next week

Rediff.com2 Feb 2024

The Centre on Friday said it will sell 'Bharat Rice' in the retail market at Rs 29 per kg from next week to give relief to the common man and has also directed traders to disclose rice/paddy stock, as part of its efforts to control prices that have risen by around 15 per cent in the last one year. In a press conference, Union Food Secretary Sanjeev Chopra exuded confidence that these two measures along with the various restrictions of exports will help in cooling down the prices. Seeking to dispel market rumours, he categorically said the government has no plans to lift restrictions on rice exports any time soon.

Farmers to take call on govt offer to buy pulses, maize at MSP

Farmers to take call on govt offer to buy pulses, maize at MSP

Rediff.com19 Feb 2024

A panel of Union ministers held a fourth round of talks with farmer leaders in Chandigarh on Sunday over their demands, including a legal guarantee of MSP, as thousands of protesting farmers camped at the Punjab-Haryana border.

Average tomato prices in Delhi drop to Rs 150 per kg

Average tomato prices in Delhi drop to Rs 150 per kg

Rediff.com17 Jul 2023

Tomato prices in the retail markets of the national capital declined to an average Rs 150 per kg on Monday from Rs 178 per kg on Sunday, according to the government data. However, e-commerce players such as Amazon, Big Basket and Otipy are selling tomatoes at Rs 170-190 per kg in Delhi-NCR. Blinkit is selling at Rs 138 per kg. The Centre is selling tomatoes at a subsidised rate of Rs 80 per kg in Delhi-NCR and some other cities through the National Cooperative Consumers' Federation of India (NCCF) and the National Agricultural Cooperative Marketing Federation of India (NAFED).

Tomato prices jump to Rs 250/kg in major cities despite Centre's intervention

Tomato prices jump to Rs 250/kg in major cities despite Centre's intervention

Rediff.com16 Jul 2023

In a statement, the department of consumer affairs said about 18,000 kg of tomatoes were sold across Delhi-NCR to retail consumers.

Pune farmer becomes millionaire amid rising tomato prices

Pune farmer becomes millionaire amid rising tomato prices

Rediff.com19 Jul 2023

Farmer Ishwar Gaykar (36), from Pachghar village in Junnar tehsil of Pune district, had faced a difficult decision of dumping a large quantity of harvested tomatoes in May this year due to low prices.

Govt to procure 200K-tonne onions amid farmer protest

Govt to procure 200K-tonne onions amid farmer protest

Rediff.com23 Aug 2023

Barely days after imposing a 40 per cent export tax on onions to cool down soaring prices, which, in turn, triggered widespread protests across the main growing belts, the Centre on Tuesday sought to mitigate both political and economic tensions gripping parts of Maharashtra. It decided to procure an additional 200,000 tonnes of onions at Rs 2,410 per quintal for its buffer stock from farmers, a rate that is strikingly close to the price at which they were being exported before the 40 per cent duty was levied on August 19. The export price before the imposition of the duty stood at around $320 per tonne free on board (approximately Rs 2,650 per quintal).

Can RBI Win The War On Inflation?

Can RBI Win The War On Inflation?

Rediff.com13 Sep 2023

'There are occasions when the prices of individual items like food raise inflation; then supply-side measures must be taken.' 'But if there is continued inflation, it means liquidity is aggravating the situation.'

There should be no hate politics in giving rice to poor, Sidda tells Shah

There should be no hate politics in giving rice to poor, Sidda tells Shah

Rediff.com22 Jun 2023

The chief minister met Shah on Wednesday night and held discussions regarding the supply of rice to the state, for its Anna Bhagya scheme, which provides an additional 5 kg of rice for each member of below poverty line families.

Govt suspends onion export to cool down prices

Govt suspends onion export to cool down prices

Rediff.com20 Dec 2010

A worried government on Monday decided to suspend onion exports till January 15 in the wake of skyrocketing prices of the commodity which is selling between Rs 60-70 a kg.

Funds no constraint for flood-hit states: Centre

Funds no constraint for flood-hit states: Centre

Rediff.com6 Oct 2009

The Centre on Tuesday assured flood-ravaged Karnataka and Andhra Pradesh that funds will not be a constraint for relief and rehabilitation and asked them to focus on providing succour to the affected people.

Onion prices are likely to come down soon

Onion prices are likely to come down soon

Rediff.com25 Nov 2019

Last week, the Union Cabinet decided to import 1.2 lakh tonnes of onions to improve the domestic supply and control prices, which touched Rs 100 per kg earlier this month.

Govt to revive Super Bazaar

Govt to revive Super Bazaar

Rediff.com8 Mar 2004

Based on a study of the National Consumer Cooperative Federation and property evaluation by ICICI Bank, government has agreed in-principle to revive the erstwhile super-market chain Super Bazaar which was shut down two years ago.

Govt bans onion export, imposes stock limit

Govt bans onion export, imposes stock limit

Rediff.com29 Sep 2019

The move comes amid sharp increase in retail prices of onion since August despite the government's several measures to boost the supply and contain prise rise.

As supply slumps, onions prices rise by up to 76%

As supply slumps, onions prices rise by up to 76%

Rediff.com22 Aug 2019

The crop is currently trading at Rs 22 a kg compared to Rs 12.50 one month ago.