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Washington, Aug 21 (IANS) Reiterating that India imposes high tariffs on American companies that manufacture motorcycles and cars, former US President Donald Trump has said he will slap reciprocal tax if voted to power in 2024.
New Delhi, Aug 21 (PTI) The government on Monday said the decision to impose a 40 per cent export duty on onions was not a premature but a timely move to boost domestic supply and control retail prices.
Vegetable so there will be some global implication as well. let's bring in a business correspondent who joins us alive. food inflation has been hitting the country's economy hard, but these measures, trying to protect these domestic consumers, that has a global implication, don't they? absolutely. you know, onion is a kitchen staple in india, similar to other asian countries and middle eastern countries and middle eastern countries that depend on india for the export of that vegetable. in fact, the rise in domestic prices in india of onion are also coincided with a sharp increase in exports of...
A notification issued by the Finance Ministry on August 19 stated that they have imposed a 40 per cent export duty on onions till December 31, 2023.
The imposition of a 40% export duty on onions in Maharashtra has resulted in a drop in prices, angering farmers and putting the ruling Bharatiya Janata Party (BJP) on the defensive. Opposition parties are urging farmers to vote against the BJP in the upcoming parliamentary elections to express their dissatisfaction. The government imposed the duty to control rising onion prices, but farmers argue that it will lead to financial losses.