"Kandyawar bola ", shouted an onion farmer as PM Narendra Modi was addressing a rally at Nashik's Pimpalgaon during the Lok Sabha election in May. The price rise has also raised questions about the role of the upcoming Assembly election in Maharashtra, as the central government has shied away from putting a restriction on onion exports. ONION PRICES, A KEY …
The Indian government received approval from the Election Commission to lift the ban on onion exports amid the ongoing implementation of the Model Code of Conduct due to the Lok Sabha elections, according to government sources, as per PTI. The Department of Revenue, under the finance ministry, was granted permission to resume onion exports, albeit with specific conditions including a …
The government today lifted the ban on onion exports but imposed a minimum export price of USD 550 per tonne. "The export policy of onions is amended from prohibited to free subject to MEP of USD 550 per metric ton with immediate effect and until further orders," the directorate general of foreign trade said in a notification. As per the …
Exports, underpriced India is an agrarian nation. They are affected by the volatility of domestic markets and the pressure of selling their produce to moneylenders, who would have given them loans at usurious rates of interest. It is disheartening that the government is selling onions to the UAE at ₹120 a kg, but pays farmers a pittance. S. Ramakrishnasayee, Chennai …
The government intends to continue the restrictions placed on onion exports till the deadline of March 31, 2024, Consumer Affairs Secretary, Rohit Kumar Singh said on Tuesday. The modal wholesale onion prices climbed 40.62 per cent to touch Rs 1,800 per quintal on Monday in Lasalgaon, after reports of a possible removal of the export ban started floating around. The …
The government anticipates a fall in onion prices to below Rs 40 per kg by January, Consumer Affairs Secretary, Rohit Kumar Singh, said on Monday. The official noted that onion prices are expected to fall from the current average price of Rs 57.02 per kg to below Rs 40 per kg next month. Last week, the government banned onion exports …
In order to prevent onion crisis this year, the central government is boosting the buffer stock of the kitchen staple by 100 percent. “We are building a buffer stock of 2 LMT this year- double of last year’s buffer size,” said Consumer Affairs Secretary Leena Nandan. In September last year, onion prices spiked rapidly upto Rs 75 per kg in …
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