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Thursday, November 2, 2023

Govt to release higher quantities of onions at subsidised rate in retail market

After realising that government intervention of selling onion in retail market has made a better impact on cooling prices, the consumer affairs ministry will now sell higher quantities of onions at subsidised rate of Rs 25 a kg in the targeted cities from its buffer stock rather than releasing them in the wholesale market. Union consumer affairs secretary Rohit Kumar Singh told TOI on Thursday that they will offload around 1 lakh tonne of onions in the retail market during this month.

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US Federal Reserve meet today: Kevin Warsh-led FOMC keeps interest rates unchanged

The US Federal Reserve, which began its two-day policy meeting on Tuesday, was widely expected to leave its benchmark interest rate unchange...