Moneycontrol's Sakshi Batra breaks down the amendments in the Essential Commodities Act
Chouhan's announcement was one of the measures he promised in a bid to mollify the farmers in west Madhya Pradesh who were on the warpath since June 1, demanding better prices for farm produce among other things.
Demonetisation has hit the wholesale markets hard. CNBC-TV18 travelled to 3 of the largest wholesale markets in Mumbai and found that sales have slowed down considerably and small businesses have had to lay off 50 percent of their workforce. Here is a special ground report.
The Rs 2000 note has emerged as the big fat villain across wholesale markets in Delhi. Traders in the famous Chandni Chowk of Delhi are furious, with some saying that business is down by as much as 70 percent.
The Electronic National Agriculture Market or eNAM, a key initiative of the Modi government to improve farm incomes, has surpassed its target by bringing 250 wholesale markets on to the platform, he said.
A senior official said that the change in onion rates comes after the government's intervention which will further bring down the price of the kitchen staple in the city.
Retail prices were today ruling at the maximum of Rs 90/kg in J&K, followed by Rs 80/kg in Delhi, Hisar and Varanasi and Rs 70-75/kg in Lucknow and Amritsar. In other parts of the country, retail prices continue to rule above Rs 45/kg but highest rate of Rs 70-80/kg prevailed in some cities like Thiruvanthapuram, Shillong and Guwahati.
Retail traders from Mumbai, Thane and Nagpur joined the indefinite strike today in protest against imposition of the local body tax (LBT).
At one of India's biggest wholesale markets, 65-year-old Ganpat Sakharam Jadhav sold his 2-tonne onion harvest on a recent day at 13 rupees (29 US cents) per kilogram, and he wasn't happy.