The government on Saturday imposed a 40 per cent export duty on onion exports till December 31.
The announcement was made through a notification on Saturday. This notification shall come into force with immediate effect, and will remain in force up to and inclusive of the December 31, 2023.
The prices of several vegetables including onion, potato and tomatoes have skyrocketed in last few weeks.
Following the soaring prices of tomatoes, the government decided that it will sell tomatoes at Rs 40 per kg from August 20 onwards with an aim to further cool down its prices.
NAFED and NCCF have been directed by the consumer affairs department to sell tomatoes at Rs 40 per kg from August 20, in view of continued decline in tomato prices in wholesale and retail markets.
The Consumer Affairs Ministry on Friday announced the decision, saying that till date more than 15 lakh kg of tomatoes have been procured by NAFED and NCCF since July 14.
Tomatoes have been sold by the two agencies at subsidised rates across the country in locations like Delhi-NCR, Rajasthan, Uttar Pradesh and Bihar in the past one month.
There was a spike in retail inflation also for July, as it had touched 7.44 per cent owing to high food prices, which took food inflation to 11.51 per cent for the same period.
Dr. Manmohan Singh, legendary economist and former PM, passes away
Former Prime Minister Dr. Manmohan Singh, renowned economist and architect of India’s economic reforms, passed away on Thursday at the age of 92. He was admitted to the All India Institute of Medical Sciences (AIIMS) here following a deterioration in his health.
DoNER Ministry approves 86 projects worth Rs 1,970.54 crore for NE in 2024: Official
The Union Ministry of Development of North Eastern Region (DoNER) has approved 86 projects worth Rs 1,970.54 crore for the eight northeastern states in 2024, officials said on Thursday.
VC funding drops 22.5 pc in China in Jan-Nov as India sees surge
As venture capital (VC) funding surged in India this year, China saw a 22.5 per cent decline in VC funding by both volume and value in the January-November period, a report showed on Thursday.
Indian share market opens in green, Nifty above 23,800
At around 9:37 am, Sensex was trading at 78,744.55 after gaining 271.68 points or 0.35 per cent, while the Nifty was trading at 23,812.50 after gaining 84.85 points or 0.36 per cent.
Their sacrifice shining example of valour, commitment to one’s values: PM Modi's tribute to Sahibzades
Prime Minister Narendra Modi, on Wednesday, paid tributes to Sahibzades on the occasion of Veer Baal Diwas and prayed that they always "guide us towards building a more just and compassionate society".
Netanyahu warns Houthis as Israel reportedly mulls new airstrike
Israeli Prime Minister Benjamin Netanyahu warned that Houthi forces in Yemen would face consequences similar to those experienced by other anti-Israel groups.
Andhra CM Naidu meets PM Modi, seeks special financial assistance
Andhra Pradesh Chief Minister N. Chandrababu Naidu met Prime Minister Narendra Modi and some Central ministers including Amit Shah and Nirmala Sitharaman in Delhi on Wednesday, seeking special financial assistance from the Centre.
IMD and TU signs MoU for indigenous lightning detection system development
In a significant step towards enhancing India's capabilities in weather monitoring and research, a Memorandum of Understanding (MoU) was signed between the India Meteorological Department (IMD) and the Department of Physics, Tripura University.