The government will build consensus and take all legal aspects into consideration before moving forward, says Information Minister Vaishnaw
world23 hours ago
India has removed the minimum export price imposed on onion, according to a notification from the Directorate General of Foreign Trade (DGFT).
The decision comes on the heels of robust kharif crop production prospects and favourable monsoon, coupled with stable market conditions both at the mandi and retail levels.
Earlier, the government lifted the onion export prohibition on May 4, 2024, and allowed the export with the minimum export price of (MEP) of $550 per tonne and an export duty of 40 per cent.
Stay up to date with the latest news. Follow KT on WhatsApp Channels.
Initially, India had in early December 2023 prohibited the export of onions till March 2024. Later, it restricted the export until further orders.
While the restriction was on, the exports of onions were, however, allowed based on permission granted by the central government to other countries based on the request made by the countries.
Rabi onion harvested during April-June accounts for 65 per cent of India's onion production and meets the consumer's demand till the Kharif crop is harvested in October-November.
ALSO READ:
The government will build consensus and take all legal aspects into consideration before moving forward, says Information Minister Vaishnaw
world23 hours ago
She held a meeting at Windsor Castle with staff from the Royal Foundation Centre for Early Childhood
world1 day ago
Devices modified by Israel at production, Lebanon security sources say
world1 day ago
Top US diplomat is visiting Egypt hoping to advance efforts to achieve a ceasefire in Gaza and strengthen ties with Cairo
world1 day ago
A UNRWA official said the Israeli government is also 'increasingly phasing out representation from those engaged in reporting on the atrocities'
world1 day ago
Of the 2.8 million private cars registered in the Scandinavian country, 754,303 are all-electric, compared to 753,905 that run on petrol
world1 day ago
Months of behind-the-scenes negotiations mediated by Qatar, Egypt and the United States have failed to halt the fighting between Hamas and Israel, apart from a one-week truce beginning in late November
world1 day ago
Modi's government has frequently deployed bulldozers and earthmovers to flatten property owned by those facing trial, saying it targets illegal construction and is a firm response to criminal activity
world1 day ago