The Abrupt Increase In Prices Of Onions Finance Essay - Free Essay Example

Sample details Pages: 7 Words: 2110 Downloads: 8 Date added: 2017/06/26 Category Economics Essay Type Research paper Did you like this example? Introduction Onion is the common name given to plants in the genus Allium. It is very widely used around the world for different purposes by almost all people. Even in India it is used by people from almost all parts of the country for making different kinds of food. Don’t waste time! Our writers will create an original "The Abrupt Increase In Prices Of Onions Finance Essay" essay for you Create order In a country as diverse as India, finding something common is not an easy task. But, this vegetable is an important part of the recipes of food from all cultures. So, when the retail price of a kg of onions went up from Rs. 35 to Rs. 80 in the third week of December 2010, it stirred up people from around the country. The poor werent able to afford onions, the middle class too found it difficult and traders were running out of business. The political class too was filled with activity. Elections have been lost in the past due to the price of onions. Hence, the government didnt take the issue lightly and tried their best to solve the issue with the least amount of damage. In this report the causes, impact and the steps taken will be discussed. Causes The following are few of the main causes for the sudden abrupt increase in prices of onions Failure of crops due to unseasonal rains Export of onions in large quantities Hoarding Failure of crops due to unseasonal rains With a very successful monsoon the farmers were expecting good results from kharif. It was also believed that a record harvest season was on its way. But a spread of fungi due to untimely rains meant that only 10% of the produce was available for retail. Export of onions in large quantities With failure of the crops, the country was largely dependent on the stored onions from the previous rabi. But, because of lack of regulations required for the time, a lot of the onions, which was stored, were being exported to other countries. This created further shortage and caused to price to go up even more. Hoarding Hoarding is a general term for the accumulation of food or other items. With the failure of crops, dealers across the country resorted to hoarding as a means of increasing the prices of onions. With the rate at which the prices were increasing, hoarding was the last thing the people and the government wanted. The dealers made a fortune at the expense of the farmers and the people. Impact Onions are an important part of the Indian kitchen. Its very tough to run the kitchen without onions. Hence, the hiking of its prices has an impact of a very large magnitude. The people most hit by the hike were the poor. Most of them chose not to buy the vegetable and instead live without the nutrition. India has one of the highest populations of mal-nourished people. This added to the toll. Mr. Bala, a laborer from Bangalore had this to say The prices of basic necessities are going up very fast. Until last year, we could live with the pay I get as a laborer, but now that is not happening, with the rates of onion, sugar and milk going up, I am not able to provide my children with what is needed The middle class too havent had it easy. Even though most of them didnt sacrifice on vegetables they have had to decrease quantity and keep things tight. Mrs. Krishna, a homemaker, says The way prices have been increasing is ridiculous. It is becoming harder to survive with the mag nitude of the hike. Our budget is being stretched to the maximum possible limit. Ahmed Noor, owner of a departmental store gives us the actual ground situation Since the hike was sudden, people were careful for a few days and expected the price to go down. But as soon as their stocks started drying up, they started buying in small quantities for their daily requirements. This further increased the price as there is a lack of supply. We havent been getting the required amount of onions for over a month and our unavailability of onions has lead to speculations of hoarding, which I can guarantee is not the case, and this is a genuine problem of supply Restaurants too were cautious regarding onions. While a few restaurants have decided to increase prices, others have decided to hold on with the prices for a while, meanwhile being cautious about usage of onions. We dont like to increase our prices. But we have been left with no other choice regarding the issue. The prices of vegeta bles, milk and meat have been going up, and this sudden hike in the prices of onions gave us the reason to increase our prices. Although we didnt increase our prices by much, we have decreased the usage of onions and have stopped serving salads with onions as complementary says a restaurant owner. With the supply crunch, and the price, the farmers are expected to be a happy lot. But thats not the case. Most of them have suffered a big loss. The money invested has been lost as most of their crops have been damaged and the prices of onions stored from the previous rabi, not comparable to that of the market prices. The farmers around the country accuse middle men of making the most out of the current crises and urge the government to take suitable steps to make sure that the middle men dont attain unfair advantage. Politically too, the hike has caused a lot of action, with opposition parties blaming the ruling parties and parties within the ruling coalition blaming each other for the inability in controlling prices. The hike also played a small part in worsening the already tense Indo-Pak relations. The issue was about not stopping truck loads of onions, meant for the Indian markets, at the wagah border. Local traders attributed the imposition of ban on export of onion by Pakistan government to prevent any spiraling hike in bulb prices in the neighboring country. Sudden ban imposed on export of onion has hit the traders of both the countries with Indian importers claiming that Pakistan had not even allowed the supply of almost 1,500 tonnes of contracted orders of onion. Steps taken to control prices The price of onions is considered to be a political issue. Its an issue which has brought down governments in the past, and brought great pressure to the current government. The following steps were taken immediately by the government on the backdrop of the hike to bring down prices. Complete ban on export of onions Minimum export price increased from $525/tonne to $1200/tonne Import duty on onions reduced to zero With these measures and fresh stocks of onions arriving, the rates of onions came down for the time being. But the rates of basic commodities as a whole was still at peak and remain a worry for the currently ruling government. In view of this, the PMO released the following statement on 13th January 2011 with steps against price rise- Â 1. The Government has been closely monitoring the inflation situation with a view to protecting the common citizen against abnormal price rise. Our experience in the recent past has been that while prices of most manufactured goods and services have been reasonably stable, food prices have frequently risen at unacceptable rates. 2. A year ago, the primary concern was with foodgrain prices which were pushed up because of the drought of 2009-10. We were able to bring foodgrain prices under control thanks to additional release through the PDS and a strong effort to increase production. The current bout of inflation is driven by a rise in prices of vegetables and fruits which is more difficult to manage because these commodities are not held in public stocks. The rise in prices is partly due to late rains, which affected the onion crop. There is also an underlying increase in prices of milk, eggs, meat and fish, which is the result of fast growth of the economy, leading to rising in come levels, combined with the effect of several inclusiveness programme which put greater income in the hands of the relatively poor whose food consumption increases. 3. The only lasting solution to food price inflation lies in increasing agricultural productivity. Government has taken up important new schemes, and provided large budgetary support to these, with a view to boosting agricultural production not merely in cereals but also in pulses, oilseeds, vegetables and fruits, milk and milk products, and poultry etc. As incomes rise, demand shifts towards horticultural crops, dairy products. These are perishable and need sustained development of market facilities, cold storage etc, quite different from what is needed for foodgrain. 4. The Government has recently reviewed the position and is taking the following measures to moderate these price increases: (i) NAFED and NCCF shall undertake sale of onions at Rs 35/kg from their retail outlets in various locations, with suit able budgetary support to be provided for this purpose. The arrival of onions from Pakistan will also help cool prices. Import of 1000 tonnes of onion has already been contracted. Export of onions stands banned. (ii) Government will review import and export of all essential commodities on a regular basis and impose controls on exports and ease restrictions on imports, including tariff reduction where necessary, to improve domestic supplies. (iii) Public Sector Undertakings shall intensify purchases of essential commodities, particularly edible oils and pulses, for distribution through their retail network and also through the Public Distribution System operated by the State Governments. The existing schemes for subsidized distribution of edible oils and pulses will be continued. Exports of edible oils and pulses, as well as non-basmati rice, will remain banned. (iv) Government will take stringent action against hoarders and black marketers manipulating market prices, under the relevant legal provisions, so as to ensure that products reach the markets in a timely manner to moderate the prices. Cartelisation by large traders will be strictly dealt with. The States will be requested to ensure that such action is effectively taken under the Essential Commodities Act, 1955, and the Competition Act, 2002. (v) Awareness campaigns will be intensified bringing out the availability of alternatives at cheaper rates such as yellow peas with a view to influence consumption pattern in favour of such alternatives. Special initiatives will be taken to involve Residents Welfare Associations and Self-Help Groups in distribution of essential commodities to address local shortages and ensure that the supplies reach the households with least intermediation cost. 5. Other measures involving a somewhat larger horizon include the following: (i) A scheme to support the state governments in the setting up of farmers mandis and mobile bazaars and to improve the functio ning of civil supplies corporations and cooperatives will be finalised urgently. (ii) The existing Public Distribution System will be suitably strengthened through computerization and other steps, including opening more procurement windows across the country. (iii) State Governments would be urged to review the Agricultural Produce Market Committee (APMC) Acts and, in particular, consider exempting horticultural products from its purview thereby mitigating marketing and distribution bottlenecks in this crucial sector. State Governments will also be urged to consider waiving mandi tax, octroi and other local levies which impede smooth movement of essential commodities, as well as to reduce commission agent charges. (iv) Investment will be encouraged in supply chains, including provisions for cold storages, which will be dovetailed with organized retail chains for quicker and more efficient distribution of farm products and minimizing wastage. Department of Industrial Policy Promotion, Department of Food Public Distribution and Ministry of Food Processing Industries and the Planning Commission will jointly work out schemes for this purpose. (v) Suitable support will be extended to facilitate stocking of the bumper Kharif 2010 crop, including by augmenting storage capacities and modernizing/ upgrading the godowns and other infrastructure. 6. An Inter-Ministerial Group (IMG) has been set up under the Chief Economic Adviser, Ministry of Finance to review the overall inflation situation, with particular reference to primary food articles. The IMG will, inter alia, review production/ rainfall trends and build an institutional machinery to read warning signals, assess international trends, recommend action on fiscal, monetary, production, marketing, distribution and infrastructure fronts to prevent price spikes, and suggest measures to strengthen collection and analysis of data and forecasting. 7. The Committee of Secretaries under the Cabinet Secr etary will review the prices situation with individual States, and advise the Departments concerned of the Central Government to maintain close coordination with State agencies to get direct feedback with a view to taking suitable remedial measures on a fast-track. 8. The Government is watching the situation closely and is committed to containing the adverse impact of any inflationary pressures on the common man.

Comparison of The Rocking Horse Winner and The Lottery...

The Comparisons of â€Å"The Rocking-Horse Winner† and â€Å"The Lottery† â€Å"The Rocking-Horse Winner† by D.H. Lawrence is an unpredictable, fairytale-like short story about a mother of three who constantly worries about her financial problems. She has a son who is fervent about figuring out a solution to her predicament. This story also has an abrupt ending that gives off strong emotion. Another short story, called â€Å"The Lottery†, has the same spectacle of ending the story with suspense. Written by Shirley Jackson, this story begins with a sunny day in a village, but miserably ends with the stoning of one of the villagers. â€Å"The Rocking-Horse Winner† and â€Å"The Lottery† are two sensational stories that have tragic ironies; however, they differ in tone†¦show more content†¦One of the characters, Mr. Summers, gives everyone the directions of how to play the lottery. The author does not disclose to us what the directions are, but the reader would probably assume that a lottery is a gambling game that is played in order to win a prize. In contrast, the irony of this story is that whoever receives a piece of paper with a black mark is stoned to death. This approach is what makes this short story disturbing. It brings a discomforting thought as to why the villagers would ever behave in such a despicable manner. This ending is a great example of tragic irony because most of the story has no deliberate conflict until right at the very end when there was the abrupt death of Tessa. In â€Å"The Rocking-Horse Winner† the mother is quite obsessed with the fact that she does not have enough money, even though she spends lavishly on materialistic things. She whispers to herself constantly about not having enough money, thus giving Paul the impression that he needs to do something in order to make her happy. 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Movies are everywhere, but the Harry Potter movies have much in common with the Twilight saga. I love watching a wide variety of movies and have noticed that the two movie series that I love the most are Harry Potter and Twilight. These two series are alike in many ways, they were both born based off of books, they both have mythical characters in them, however they also have differences, Twilight is more of a love story and Harry Potter is more of an action-based movie. We will write a custom essay sample on My Paper or any similar topic only for you Order Now In both series the age of the actors are based on teenagers coming into adulthood and facing trouble throughout their journey. They are all in the same age group of seventeen and eighteen when the last movie is finished. Both movies are about young adults facing danger and living to tell the story. In Harry Potter you have young Harry finding out he is a wizard, then moving to the wizard school Hogwarts to learn how to control his magic. The movies start with him as an eleven year old boy living with his aunt and uncle who treat him like a servant. He finds out that his parents were murdered by Lord Voldemort. He grows up throughout the seven movies until he is seventeen and faced with the fact that he has to fight Lord Voldemort to the death. Twilight begins with Bella Swan, a seventeen year old girl moving to her fathers in Forks, Washington where she meets Edward Cullen and his family of vampires. Edward is also seventeen although he has been seventeen for over ninety years. Bella becomes a vampire after she turns eighteen and has married Edward. Robert Pattinson has played characters in both movies. He plays the part of Cedric Diggory in Harry Potters the Goblet of Fire. He plays the character of Edward Cullen in Twilight. Both series are based off of books which are very popular with today’s youth as well as young adults. Each series has more than on book. Harry Potter has seven books in the series which are named: The Sorcerer’s Stone, The Chamber of Secrets, The Prisoner of Azkaban, The Goblet of Fire, The Order of the Phoenix, Half Blood Prince, and The Deathly Hollows. Twilight has four books in their saga which are: Twilight, New Moon, Eclipse, and Breaking Dawn. Both were made to keep the reader’s interested and wanting more when they were finished watching the movie. If someone were to watch the first movie they would have to see the rest to find out what happens in the end. Do they live happily ever after? Does Harry win against Voldemort? Does Bella become a vampire? Do Edward and Bella stay together in the end? These are all questions asked after watching the first movie of each series. The movies were finally made to put a face to the character so that fans could see who the book was talking about from the beginning. It is always easier to read a book that has a movie made after it so that you can have a face to go with the name of the characters in the book. The final book to each series has been split into a two part movie to keep the suspense going in the movie. Even though most already know what will happen it is a bit more fun to see it happen on the television or on a theater screen. Harry says in the last movie to Ollivander the wizard that gave him his first wand, â€Å"You talk about wands as if they have feelings. † There are mythical characters in each movie, in Harry Potter there are witches, wizards, elves, giants, centaurs, werewolves, and others. Harry Potter was mainly about witches and wizards although they brought up the other mythical characters throughout all of the movies. They had teacher’s that were a werewolf and a giant. There were mermaids in the lake, centaurs in the forest, and elves at both the school and the wizard bank. The Twilight movies are based on vampires and werewolves. Both movies have interesting characters, such as Ron Weasley whom is Harry’s best friend, Hagrid whom is a giant that teaches at Hogwarts, Professor Dumbledore who is the head master. Dumbledore said, â€Å"It takes a great deal of courage to stand up to your enemies, but it takes a great deal more to stand up to your friends,† In the Sorcerer’s Stone. From Twilight there is Emmett Cullen whom is always having fun at Bella’s expense. He is always laughing at her clumsiness and mortality there is Alice who is graceful, fun loving and carefree. Alice also sees the future of those around her. Those visions can be changed, depending on the path that the person takes. Then there is Jasper, he can sense other people’s emotions as well as control the emotions in a room to keep others calm. They both have a battle scene in the last scene of each movie. Harry is constantly battling with Lord Voldemort in one way or another throughout all of the movies. He has the final battle in the Deathly Hollows part two where the wizard world fights as one to be rid of Lord Voldemort and his followers. In Twilight Bella, Edward and the Cullen’s constantly battle other vampires to keep them from hurting Bella. The use the help of Jacob Black and his pack of werewolves to defeat new born vampires that are after Bella along with in the last movie Breaking Dawn part two they have to bring witnesses together to prove that Bella gave birth to a half-vampire half-human daughter to Edward. Alice sees a future of the Cullen’s becoming extinct because the Vulturi have been told that Bella and Edward made a vampire child when she is actually their biological daughter. These two movies are also different in many ways a few of these differences are that Harry Potter is about a young boy constantly having to fight for his life and the lives of others. The prophecy that led to Harry’s destiny is, â€Å"Neither can live while the other survives,† told by Professor Sybell Trewlawney. It speaks of Harry and Lord Voldemort also known as Tom Riddle. Harry Potter is more of a man vs. man whereas Twilight is more of a love story. It is a boy meets girl they fall in love even though Bella knows that Edward is a vampire, they fight to keep one another. Bella said, â€Å"Surely it was a good way to die, in the place of someone else, someone that you loved,† at the end of Twilight. There are many people all over the world debating on what is different between the two movie series. They are not as different as people say. The fans that like Harry Potter also like Twilight, the fans are also from all age groups not necessarily just teenagers and young adults. These two series have brought a large group of people together to read these books as well as watch the movies. Every fan has seen all of both series movies more than once as well as read all of the books to each series. These movies will always be on most peoples watch list. How to cite My Paper, Essay examples

School And Work Essay Example For Students

School And Work Essay Juggling work and school, finding time for having fun, and liking what someone does, these are some of the problems that plague young adults today. If a person that fits those requirements is looking for a little extra income, this writer knows just what the doctor ordered. Working as a waiter is a very fulfilling job, especially for a young adult student. With flexible hours and uniforms, decent pay, and working in a fun atmospherewith many different types of people, being a waiter is an excellent job for a student. Being a waiter at a trendy restaurant is like being a host at a party, making money all the while.If a young adult have a difficult time trying to find time to do their homework and other things like partying, being a waiter is very convenient. Most restaurants offer flexible hours in which one only has to work five to six hour shifts. Waiters can also request what type of schedule they would like to work. Most restaurants waiter staff is usually comprised of college and high school students, thus, they are more than likely willing to schedule you conveniently around classes. Plus, most nights, waiters will be out in time to do homework and other important things.Another thing, which might seem menial, is the casual guidelines for uniforms in most places. A lot of restaurants allow waiters to wear regular blue jeans and the restaurants tee shirt to work. This might not seem like a big deal, but when one gets out of class and have to be at work in fifteen minutes, changing shirts is a lot easier than having to go home and put on a real uniform. Also, when a waiter has all this cash in their pocket after work and home is twenty minutes away, it is very convenient to not have to go all the way home to change completely before going out for the evening.Working at a restaurant is also a very laid-back occupation. Not very many jobs enables an employee to interact with so many different people. In a restaurant environment, every persons job is interrelat ed with someone elses, and in that way, everybody relies on one another. By doing this, the staff tends to bond together. Eventually, a new employee will be buddies with the people they work with. At the end of a hard shift, all the waiters on staff usually take all the money they make and party with one another. It is very rewarding that way. Likewise, dealing with customers can also be a pleasing thing. When a waiter has to serve a hundred different people a night, they are exposed to many different, unique types of people. This exposure is practically training a student-worker ways on how to deal with a variety of personalities in the real world. When a person with this type of experience has to interview for a position in a big company after college, this kind of experience helps a lot. People skills are essential to be on top of todays workforce.What is the bottom-line when it comes to work anyway? The reason why people work is money, because if it werent for the cash, most peo ple in this world would all be sitting on their butts watching television and eating potato chips. Being a waiter means getting tips and always having oodles of cash after every night of work. After a shift, a waiter always has money in their pocket. A waiter does not have to wait two weeks for a paycheck to come along before they can buy things or go out places. Isnt that a huge advantage? Another huge advantage comes out of tips. Uncle Sam cannot tax someone on what he does not know that they have. There is a rule in declaring tips, what you do not declare, you do not have. Meaning that the government cannot tax a waiter on undeclared tips. So therefore, one can walk out of work every night with one hundred dollars in their pocket and still have a fat paycheck come every two weeks. Great, isnt it?As this writer certainly believes, becoming a waiter has many distinct advantages for a young adult. Working in a good environment with fun people in an upbeat atmosphere is definitely a plus for any job. Likewise, with working in an easy job for good pay, all the while choosing a schedule that fits ones needs. Being a waiter has all the advantages in the world. Where else could a young adult earn twice the wage of other jobs, work on half as many hours, and have plenty of time to party and do homework? Working as a waiter is a very fulfilling job, especially for a young adult. .uf79ed201d812055089810d2b90530c9e , .uf79ed201d812055089810d2b90530c9e .postImageUrl , .uf79ed201d812055089810d2b90530c9e .centered-text-area { min-height: 80px; position: relative; } .uf79ed201d812055089810d2b90530c9e , .uf79ed201d812055089810d2b90530c9e:hover , .uf79ed201d812055089810d2b90530c9e:visited , .uf79ed201d812055089810d2b90530c9e:active { border:0!important; } .uf79ed201d812055089810d2b90530c9e .clearfix:after { content: ""; display: table; clear: both; } .uf79ed201d812055089810d2b90530c9e { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uf79ed201d812055089810d2b90530c9e:active , .uf79ed201d812055089810d2b90530c9e:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uf79ed201d812055089810d2b90530c9e .centered-text-area { width: 100%; position: relative ; } .uf79ed201d812055089810d2b90530c9e .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uf79ed201d812055089810d2b90530c9e .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uf79ed201d812055089810d2b90530c9e .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uf79ed201d812055089810d2b90530c9e:hover .ctaButton { background-color: #34495E!important; } .uf79ed201d812055089810d2b90530c9e .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uf79ed201d812055089810d2b90530c9e .uf79ed201d812055089810d2b90530c9e-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uf79ed201d812055089810d2b90530c9e:after { content: ""; display: block; clear: both; } READ: Evolving Federalism Essay