Rumours push salt price to Rs 100/kg

November 16, 2013

Salt_price_to_Rs_100kgPatna/Kolkata, Nov 16: A buying spree of salt, triggered by rumours of a shortage, engulfed eastern and north-eastern states with price of the essential food ingredient touching Rs 100 in some places.

State governments had to resort to a crackdown on hoarders, arrest rumour mongers and go on a publicity blitz to calm down panicking public, who converged on shops and bought salt packets in large quantities.

In Bihar, shopkeepers had a field day as rumours sent the prices through the roof. Salt was three to six times the original cost in many districts.

Rumours first started only in Darbhanga and Samastipur, but it soon spread to many other places, prompting people to queue up before kirana stores and buy several packets of salt. One kg salt packet costs Rs 16 but it touched Rs 120 in some remote areas.

The Nitish government swung into action, cracking down on black marketeers, stockists and those spreading rumours that the state had virtually no salt for people.

Until Friday noon, 18 people were arrested and several trucks laden with salt were seized from various locations.

Food and Civil Supplies Minister Shyam Razak clarified that the state had adequate stock of salt and urged people not to heed rumours that the Gujarat government would stop sending salt consignment to Bihar due to Nitish’s rivalry with Narendra Modi.

Bihar gets salt primarily from Gandhidham and Mokhi in Gujarat, besides Nawa City and Govind Marwar in Rajasthan.

Bihar’s food secretary Sishir Sinha scotched all rumours, asserting that the situation is back to normal following the arrest of 18 people and raids at several places.

Speaking to reporters, Sinha said the profiling of the arrested people was being done to find out their role in creation of artificial crisis about salt that triggered panic buying by consumers.

Meanwhile, rumours of salt shortage spilled over to northern Bengal, shooting prices between Rs 50 and Rs 100.

The situation came to light when some local people in Darjeeling lodged a complaint with the consumer department of the autonomous hill council claiming that salt was being Rs 100 a kg at Kalimpong, Kurseong and Sonada in Darjeeling since Thursday evening.

Rumours of salt shortages hit Meghalaya, Mizoram and other northeastern states with panic stricken people buying salt at exorbitant prices which forced the state government to launch an immediate crackdown and announce there is enough stock of salt in the state.

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News Network
April 10,2020

Kochi, Apr 10: Kerala government is winning accolades for saving the life of eight foreigners including a very serious UK citizen who had been undergoing critical care for COVID-19 at a hospital here.

All the persons have been completely cured with the declaration of the test result of four persons. The persons, Roberto Tonozo (57) of Italy, Lanson (76) of UK, Elizabeth Lance (76), Brial Neil (57), Janet Layi (83), Steeven Hankok (61), Annie Wilson (61) and Jan Jackson (63) were completely cured and preparing to go for their countries, an official statement said on Thursday.

The last four persons who were cured expressed their desire to undergo treatment at a private hospital here.

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Agencies
June 21,2020

New Delhi, June 21: Diesel prices rise to record high after 60 paise hike in rates, petrol up 35 paise; rates up by Rs 8.88 and Rs 7.97 in 15 days.

Petrol price in Delhi was hiked to Rs 79.23 per litre from Rs 78.88, while diesel rates were increased to Rs 78.27 a litre from Rs 77.67, according to a price notification of state oil marketing companies. 

In Bengaluru, petrol will be costlier by 37 paise at Rs 81.81 per litre, while diesel will cost 57 paise more per litre at Rs 74.43.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

The 15th daily increase in rates since oil companies on June 7 restarted revising prices in line with costs after ending an 82-day hiatus in rate revision, has taken diesel prices to a new high. The petrol price too is at a two-year high.

Over 63 per cent of the retail selling price of diesel is taxes. Out of the total tax incidence of Rs 49.43 per litre, Rs 31.83 is by way of central excise and Rs 17.60 is VAT. 

Petrol in Mumbai costs Rs 86.04 per litre and diesel is priced at Rs 76.69.

Prior to the current rally, the peak diesel rates had touched was on October 16, 2018 when prices had climbed to Rs 75.69 per litre in Delhi. The highest-ever petrol price was on October 4, 2018 when rates soared to Rs 84 a litre in Delhi.

When rates had peaked in October 2018, the government had cut excise duty on petrol and diesel by Rs 1.50 per litre each. State-owned oil companies were asked to absorb another Re 1 a litre to help cut retail rates by Rs 2.50 a litre.

Oil companies had quickly recouped the Re 1 and the government in July 2019 raised excise duty by Rs 2 a litre.

The government on March 14 hiked excise duty on petrol and diesel by Rs 3 per litre each and then again on May 5 by a record Rs 10 per litre in case of petrol and Rs 13 on diesel. The two hikes gave the government Rs 2 lakh crore in additional tax revenues.

Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), instead of passing on the excise duty hikes to customers, adjusted them against the fall in the retail rates that was warranted because of a decline in international oil prices to two-decade lows.

International oil prices have since rebounded and oil firms are now adjusting retail rates in line with them.

In 15 days of hike, petrol price has gone up by Rs 7.97 per litre and diesel by Rs 8.88 a litre.

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News Network
January 19,2020

Shirdi, Jan 19: Shirdi in Maharashtra will remain closed for an indefinite period from today in the wake of state Chief Minister Uddhav Thackeray's decision to develop Pathri town in Parbhani district as Sai Baba's birthplace.

However, Deepak Madukar Muglikar, Chief Executive Officer of Shri Saibaba Sansthan Trust, has said that Sai Baba Temple in Shirdi will remain open today and will not be impacted by the closure of the city.

"There are some reports in media that Sai Temple in Shirdi will remain closed on January 19. I want to clarify that it is just a rumor. Temple will remain open on January 19," Mr Muglikar said.

A call has been given for indefinite closure of Shirdi after Mr Thackeray's reported comment terming Pathri in Parbhani as Sai Baba's birthplace.

"Devotees will not face any difficulty if they come to Shirdi," said B Wakchaure, member of Saibaba Sansthan Trust.

Uddhav Thackeray has recently announced that Pathri will be developed as the birthplace of Sai Baba for religious tourism and also took a review meeting of the development plans in the Parbhani district.

One of the most popular religious destinations in the country, Saibaba Temple in Shirdi witnesses lakh of devotees visiting the holy site every year.

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