Heatwave likely to raise vegetable inflation - The Hindu BusinessLine
Rising vegetable inflation due to heatwave in India impacting headline inflation, with tomato, onion, and potato prices on the rise.
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Rising vegetable inflation due to heatwave in India impacting headline inflation, with tomato, onion, and potato prices on the rise.
NEW DELHI, May 5: The Indian government on Saturday lifted the ban on onion exports but imposed a minimum export price (MEP) of USD 550 per tonne, amid ongoing Lok Sabha elections in the country.
The government on Saturday lifted the ban on onion exports but imposed a minimum export price (MEP) of $550 per tonne, amid ongoing Lok Sabha elections in the country. Last night, the government imposed a 40 per cent duty on export of onions. In August last year, India had imposed a 40 per cent export duty on onions up to December 31, 2023.
In this three part series, we take a look at the economic situation in the country, in early 2024, in the context of the claims being made by the Modi
The Centre on Saturday said it has allowed exports of 99,500 tonnes of onions, mainly sourced from Maharashtra, to six neighbouring countries despite the ban on shipments.