Onion prices going down, imports soon: FM

December 13, 2019 17:47

Finance minister Nirmala Sitharaman who was trolled for saying she doesn't eat onions said at the press briefing today that the price of onions has started going down at several places. "It is not completely less, but it is going down. We've had a Group of Ministers' meeting which is reviewing on almost every 1-2 days' gap basis and deciding on how to further take up the import related issues. Onions are a perishable commodity. Due to rain in some places, flooding in some other, the crop was less and hence the low output. Govt is taking steps to import and bring onions to the market as soon as possible," she said.

Chief Economic Advisor KV Subramanian who was at the briefing as well said the evidence of measures to boost investment was actually seen in the record FDI inflows with US dollar 35 billion in the first half of 2019-20 as against US dollar 32 billion during the last corresponding period.

"Evidence of measures to boost investment is actually seen in the record FDI inflows -- US dollar 35 billion in the first half of 2019-20 as against US dollar 32 billion during the last corresponding period," said Subramanian at a press conference.

"It is a good sign of foreigners seeing India as a very important destination," said Subramanian, while giving details of measures taken so far to bolster consumption and investment.He said that the Central government has focused on clearing all past dues of PSUs, enabling retail credit by supporting NBFCs and HFCs and supporting MSMEs via bill discounting.

Stating that there is a change on emphasis on disinvestment to enhance the efficiency of the economy, he said: "All of these measures have used transparent due diligence."

"To support NBFCs and HFCs, which are crucial for lending, total sanctioned support has been Rs 4.47 lakh crore, which includes Rs 1.29 lakh crore for pool-buy-cuts of assets," he said.

The government's major interventions to boost the economy listed today

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