There seem to be two commodities that are all set to face each other in a combat mode. If on the one hand, bidding at IPL-4 is breaking and making newer records by offering otherwise affordable players, almost unaffordable bids and making them out of the reach of smaller teams, then on the other hand, an affordable and staple vegetable – the onion – is all set to make newer records with its price rise, again making it unaffordable to almost every consumer! The prices of onions have been exponentially shooting up since December 2010, mercilessly burning the pockets of consumers at large! As per figures released by Ministry of Commerce and Industry, the wholesale price index (WPI) for food climbed up by more than 12 per cent in the first week of December 2010. Comparatively, onion prices have shot up by anywhere between 80 to 150 percent during the same period across the country. What has been intriguing is the manner in which the government has dealt with the entire crisis! It is not t...
Dr. Arindam Chaudhuri
(An IIPM Think Tank Blog)