Government imposes 40% export duty on onion to improve local supplies
The Hindu
Government imposes 40% export duty on onions till December 2023 to check price rise and improve domestic supplies. Move follows reports of likely price increase in September
The government on August 19 imposed a 40% duty on the export of onions to check price rise and improve supplies in the domestic market.
The Finance Ministry through a notification imposed a 40 per cent export duty on onions till December 31, 2023.
The export duty comes amid reports that onion prices are likely to rise in September.
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