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
February 14,2020

Feb 14: India will never forget the martyrdom of the security personnel killed in last year's Pulwama attack, Prime Minister Narendra Modi said on Friday.

He termed the slain security personnel were "exceptional individuals" who devoted their lives to serving and protecting the nation.

On February 14 last year, a convoy of vehicles carrying security personnel on the Jammu-Srinagar National Highway was attacked by a vehicle-borne suicide bomber at Lethpora in Pulwama district of Jammu and Kashmir. Forty Central Reserve Police Force (CRPF) personnel were killed in the attack.

"Tributes to the brave martyrs who lost their lives in the gruesome Pulwama Attack last year. They were exceptional individuals who devoted their lives to serving and protecting our nation. India will never forget their martyrdom," tweets PM Modi one year since the Pulwama attack.

"I pay homage to the martyrs of Pulwama Attack. India will forever be grateful of our bravehearts and their families who made supreme sacrifice for the sovereignty and integrity of our motherland," tweets Union Home Minister Amit Shah.

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News Network
August 6,2020

New Delhi Aug 6: In a new twist in the Vijay Mallya case, a certain document connected with the case in the Supreme Court has gone missing from the apex court files. 

A bench comprising Justices U.U. Lalit and Ashok Bhushan adjourned the hearing to August 20.

It was hearing the review plea filed by Mallya against a July 14, 2017 judgment wherein he was found guilty of contempt for not paying Rs 9,000 crore dues to banks despite repeated directions, although he had transferred $40 million to his children.

The bench was looking for a reply on an intervention application, which it seemed has gone missing from the case papers.Parties involved in the case sought more time to file fresh copies.

On June 19, the Supreme Court sought explanation from its registry regarding Mallya's appeal against the May 2017 conviction in the contempt case for not repaying Rs 9,000 crore dues to banks not listed for the last 3 years.

A bench comprising Justices Lalit and Bhushan had asked the Registry to furnish all the details including names of the officials who had dealt with the file concerning the Review Petition for last three years.

The bench said according to the record, placed before it, the review petition was not listed before the court for last three years. "Before we deal with the submissions raised in the Review Petition, we direct the Registry to explain why the Review Petition was not listed before the concerned Court for last three years," said the bench.In May 2017, the apex court held him guilty of contempt of court for transferring $40 million to his children, and ordered him to appear on July 10 to argue on the quantum of punishment.

The bench said let the explanation be furnished within two weeks. "The Review Petition shall, thereafter, be considered on merits," it added.In 2017, the apex court passed the order on a contempt petition against Mallya by a consortium of banks led by the SBI. 

The banks claimed Mallya transferred $40 million from Daigeo to his children's accounts, and did not use this money to clear his debt. Banks cited this as violation of judicial orders.

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News Network
May 13,2020

New Delhi, May 13: Union Finance Minister Nirmala Sitharaman will address a press conference in New Delhi at 4 pm on Wednesday.

The information regarding the press conference by the Union Finance Minister was given through a tweet by the Ministry of Finance today morning.

Sitharaman's press conference comes a day after Prime Minister Narendra Modi announced USD 265 billion fiscal stimulus to deal with COVID-19 situation in the country. The package is the second largest in Asia after Japan.

"I announce a special economic package today. This will play an important role in the 'Atmanirbhar Bharat Abhiyan.' The announcements made by the government over COVID, decisions of RBI and today's package totals to Rs 20 lakh crore (USD 265 billion). This is 10 per cent of India's GDP," the Prime Minister said in his address to the nation on Tuesday.

"This economic package is for our small-scale industries, MSMEs, which are the means of livelihood of crores of people and is the strong base of our resolve for self-reliant India. To prove the resolve of self-reliant India, the emphasis has been given on land, labour, liquidity and laws, in this package," he added.

The PM had also said that the economic package is for "the country's workers, farmers, who are working hard day and night for the countrymen in every season. This economic package is for the middle class of our country, who pays tax honestly and contributes to the development of the country."

He had announced that the fourth phase of the nationwide COVID-19 induced lockdown would be in "new form with new rules."

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