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KANPUR: Prices of onion slipped by Rs 25 per kg in the vegetable market of the industrial city on Sunday after a nation-wide raid was conducted by the officials of the income tax (I-T) department on Friday. The onion, which was otherwise available for Rs 65 per kg at prominent vegetable markets till Friday, started being sold for Rs 40/kg. At some places, it was even available for Rs 35.

Officials of the income tax department had been specially instructed by the Central government to curb the malpractices being adopted by the onion traders that had led to the phenomenal price hike. Similar raids were conducted by the I-T officials at Chakarpur wholesale sabzi mandi on Friday where two onion traders were targeted. Their records, statements and other essential documents were seized by the I-T sleuths. On Saturday, onion price had dropped and it was being sold at Rs 50/kg. But, on Sunday its price fell further. Though various vegetable markets were offering buyers the onion at different prices, the cheapest price being paid was Rs 35/kg. At many other places, people were having to spend Rs 42/kg as average price. The onion was being sold costliest at Rs 45 at select vegetable markets.

Read more: Prices of onion fall by Rs 25 – The Times of India http://timesofindia.indiatimes.com/city/kanpur/Prices-of-onion-fall-by-Rs-25/articleshow/7248892.cms#ixzz1AYoRw3NT

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