India News | Govt Imposes 40% Export Duty on Onion to Improve Local Supplies
Get latest articles and stories on India at LatestLY. The government on Saturday imposed a 40 per cent duty on the export of onions to check price rise and improve supplies in the domestic market.
New Delhi, Aug 19 (PTI) The government on Saturday imposed a 40 per cent 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.
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The export duty comes amid reports that onion prices are likely to rise in September.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)