HomeBREAKING NEWSIndia: Government Scrapped 20% Export Duty On Onion

India: Government Scrapped 20% Export Duty On Onion

Published on

India: The Maharashtra government applauds the Center’s decision to eliminate the 20% export tax on onions, which will take effect on April 1. However, the Kisan Sabha argues it is too late and is looking for a legislative solution.

While applauding the action, the Kisan Sabha referred to it as “unfortunate” because export limitations have had a negative effect on onion producers. A Sabha member stated, “We applaud the action if it will provide solace to our onion farmers, but it can also make up for the losses the farmers have suffered.”

In light of this, the Kisan Sabha has urged the government to adopt a long-term export policy for onion producers globally, build public trust, and refrain from imposing sporadic export bans and limitations in favor of raising export duties.

The Department of Consumer Affairs claims that a notification was sent by the Department of Revenue. According to the statement, “the decision is yet another indication of the government’s determination to guarantee farmers fair prices while keeping onions affordable for consumers.”

Before enforcing the 20% tariff in September 2024, the government had previously imposed a number of export limitations, including a ban on exports from December 8, 2023, to May 3, 2024. These restrictions have since been lifted.

You May Like

Trending Searches Today |

Dharmendra Pradhan launches PMeVIDYA DTH 24×7 Channel for Indian Sign Language

Pakistan Jaffar Express Train Hijacked, Rebel Group Claims 100 Hostages

Share Market

India Attracts $7 Billion in FII Inflows: SBI Report

India received $7 billion in FII inflows after policy measures to boost foreign investment, according to SBI Research. Read the full report.

Sensex Falls 104 Points, Nifty Closes Below 24,400 After Four-Day Rally

Sensex falls 104 points while Nifty closes below 24,400. IT stocks gain, Trent plunges 12%, and market cap slips below Rs 480 lakh crore.

More like this

Paolo Maldini Returns as Italy Technical Director to Lead Azzurri Revival

Paolo Maldini returns to the Italian national team as Technical Director as the FIGC begins a new chapter to rebuild the Azzurri.

India Attracts $7 Billion in FII Inflows: SBI Report

India received $7 billion in FII inflows after policy measures to boost foreign investment, according to SBI Research. Read the full report.

Keonjhar Onion Truck Accident: Vehicle Overturns on NH-49, Driver Escapes Unhurt

An onion-laden truck overturned on NH-49 near Juda Ghati in Kendujhar. The driver escaped unhurt while locals gathered spilled onions.