Govt asks MMTC, STC, PEC to import onion

Govt asks MMTC, STC, PEC to import onion
PTI
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First Published: Wed, Dec 22 2010. 05 15 PM IST
Updated: Wed, Dec 22 2010. 05 15 PM IST
New Delhi: The government on wednesday asked its three trading companies, including MMTC, to import onion, a step coinciding with abolition of import duty on the commodity to ease the crisis over spiraling prices.
“I met CMDs of three public sector companies MMTC, STC and PEC and asked them to look around for import contracts (for onion),” commerce secretary Rahul Khullar told reporters in Delhi.
Cabinet secretary K M Chandrasekhar, who is personally monitoring the situation, earlier in the day asked the commerce ministry to “speed up” onion imports to augment domestic availability.
The government’s concerted action follows a steep rise in onion prices, which soared from Rs10-11 in June to Rs70-85 per kg in retail markets across the country.
As part of measures to rein in onion prices, the government has already banned exports and abolished import duties on onion.
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First Published: Wed, Dec 22 2010. 05 15 PM IST
More Topics: Onion | Import | MMTC | STC | PEC |