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Govt sets 72% cost recovery rate for onion procurement

Mint Mumbai

|

June 09, 2025

The government has fixed a 72% 'cost recovery rate' for onion procurement this year, said two people directly involved in the process, as the Centre moves to sign up private firms for the procurement, storage and transportation of the kitchen staple.

- Dhirendra Kumar

Govt sets 72% cost recovery rate for onion procurement

This recovery rate is 7 percentage points higher than last year's 65% for rabi onion.

Cost recovery is the quantity of good-quality onions that remains fit for sale after storage and handling. A 72% rate means that out of every 100 kg of onions procured, 72 kg must remain marketable after accounting for losses due to rotting, sprouting, or shrinkage during storage.

Traders often cite allegedly poor quality of onions, which is a highly perishable vegetable, in order to try and hike prices. The new cost recovery rate addresses that issue.

MEER VERHALEN VAN Mint Mumbai

Mint Mumbai

Mint Mumbai

E-challan, toll dues could bar access to national highways

Changes being made to meet UN goal of halving global road deaths, injuries by 2030

time to read

2 mins

January 22, 2026

Mint Mumbai

'India to stay fastest- growing big economy'

India'seconomic growth outlook remains upbeat, with recent estimates suggesting the country will continue to be the world’s fastest-growing major economy, according to an article in the Reserve Bank of India’s January bulletin.

time to read

1 min

January 22, 2026

Mint Mumbai

Dr Reddy’s net profit beats estimates despite 14% dip

Hyderabad-based Dr Reddy's Laboratories beat street estimates in the third quarter, reporting revenue of ₹8,726.8 crore and profit after tax (PAT) of ₹1,210 crore, with steady India growth and favourable forex helping offset the loss of Revlimid sales in the US.

time to read

1 mins

January 22, 2026

Mint Mumbai

Mint Mumbai

Govt to inject ₹5k cr in Sidbi to boost credit for small biz

The Union cabinet on Wednesday approved an equity infusion of ₹5,000 crore into the Small Industries Development Bank of India (Sidbi).

time to read

1 mins

January 22, 2026

Mint Mumbai

Mint Mumbai

Rupee hits record low on global jitters, outlook fragile

The rupeeslid sharply on Wednesday, hitting a fresh record low of 91.7450 against the US dollar, weighed down by heightened global uncertainty leading to risk aversion across markets and outflows by foreign portfolio investors.

time to read

1 mins

January 22, 2026

Mint Mumbai

Mint Mumbai

India looks to overhaul disease control with a regional plan

With infectious disease outbreaks becoming more frequent and complex, the Union government is recasting its approach to how India detects, tracks and contains communicable diseases, and the upcoming Union budget could mark a decisive shift.

time to read

1 mins

January 22, 2026

Mint Mumbai

Mint Mumbai

Ankura Hospitals eyes 500 crore, appoints banker

InvAscent-backed Ankura Hospitals has kickstarted a fundraising process to raise Rs 400-500 crore in a mix of primary and secondary transactions, three people familiar with the matter said.

time to read

1 mins

January 22, 2026

Mint Mumbai

BUDGET SHOULD SIGNAL DIRECTION FOR A DECADE

Budget 2026 comes at a time when significant government moves have helped insulate India from global and geopolitical uncertainties.

time to read

3 mins

January 22, 2026

Mint Mumbai

Mint Mumbai

Streets to surgery, a fix for stray dog crisis

India is preparing a national funding offensive to tackle a burgeoning stray dog crisis, as a surge in attacks and rabies fatalities forces the government to intervene in a longstanding public health failure.

time to read

3 mins

January 21, 2026

Mint Mumbai

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Rising costs sting early birds in Q3

India Inc. may have finally found its revenue footing in the December quarter after a year of sluggish demand.

time to read

2 mins

January 21, 2026

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