Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: cpt :: form 3cd :: empanelment :: VAT RATES :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: TDS :: ACCOUNTING STANDARD :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4%
 
 
General »
 Shah gets notices over civic tax dues
 Tax revenue down in first six months after prohibition
 Post demonetisation, Income Tax department sends 30 cases of irregularities to Enforcement Directorate, CBI
 Don’t rush into a new tax without being prepared
 Can’t tax income from palace rent: Supreme Court
  Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 30, 2016)
 Cases for tax scrutiny will be selected by machines
 Time to revisit 1997 direct tax rates, says P Chidambaram
 Lok Sabha passes Bill to tax black money deposits post demonetisation
 Last day to pay property tax with old notes
 Income tax department asks IDS declarants to pay tax by 30 November

Crisis caused by hoarding: onion loot exposed
December, 24th 2010

Spiraling onion prices have brought tears to the eyes, quite literally. At Mumbai's biggest wholesale market, CNN-IBN peels off the murky layers of mystery and manipulation around the onion price hike.While the traders at the APMC market were reluctant to talk, CNN-IBN captured a market transporter on a hidden camera spilling the beans.He also claimed that politicians are equally responsible.

According to him the price hike is doing no good for the farmers. One trader even mentioned that they still have the stocks from March.

Maharashtra's Agriculture Minister, Radhakrishna Vikhe Patil also reiterated what the market insiders told and came down heavily on hoarders.

But the traders blame the middlemen and retailers for creating artificial scarcity.

For example, they allege, if the market price of onions meant for domestic use is around 2000 per quintal and that of the export quality produce is 6000 per quintal, retailers are quoting the export price as the average for onions which are of poor quality due to the unseasonal rains.

Wholesalers said that it is the retailers who are making super profits by quoting export rates for domestic produce - rates unrelated to the cost at which the produce was bought, taking advantage of this year's poor yield and a market pricing that's unregulated.

So even while the Government is now monitoring the prices right at the highest level, it's the lack of regulation at the ground level that seems to have precipitated these onion tears.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions