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Onion export duty, Govt move to boost supply, check price rise
The Business Guardian
|August 22, 2023
The recent imposition of a 40% export duty on onions by the Indian government has sparked discussions about its timing and impact
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Amid protests from farmers and opposition from traders, the government has defended the move as a necessary step to boost domestic supply and control retail prices.
Union Consumer Affairs Secretary Rohit Kumar Singh clarified that the decision to impose the export duty on onions was not premature, but rather a well-considered move aimed at enhancing domestic availability and preventing an escalation of prices. The government’s statement comes at a time when farmers in Maharashtra’s Nashik district have been protesting against the export duty, and traders have also expressed their opposition.
Dit verhaal komt uit de August 22, 2023-editie van The Business Guardian.
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