Question
For which agricultural commodity has the Government of
India abolished the 20 percent export duty?Solution
The Government of India abolished the 20 percent export duty on onions, effective from April 1, 2025. This policy decision was announced by Union Agriculture and Farmers' Welfare Minister Shivraj Singh Chouhan with the objective of ensuring farmers receive fair and remunerative prices for their produce. Previously in 2023, the government had imposed a 40 percent export duty on onions to discourage exports and stabilize domestic prices during a period of increased demand. When onion prices subsequently declined, affecting farmers' incomes, the export duty was reduced from 40 percent to 20 percent. The complete removal of the export duty is expected to facilitate Indian farmers' access to global markets without duty barriers, thereby securing better prices for their produce.
In its June Global Macroeconomic Report of Organization for Economic Cooperation and Development (OECD), India’s FY24 economic growth is forecaste...
Recently France’ s Naval Group and _____extend R&D deal for underwater surveillance, submarine imaging?
When was Rohit Rishi appointed as the Executive Director of Bank of Maharashtra?
Which of the following is NOT the manifestation of Iron-deficiency anaemia (IDA)?
What annual financial need does NABARD's ‘ Climate Strategy 2030 ’ target to meet India's green finance goals?
Which country has been selected as the first country under the IMO Green Voyage 2050 project to conduct a pilot project related to Green Shipping?
Which organization recently entered into a 3-year partnership with the Ministry of Education and Ministry of Skill Development & Entrepreneurship in Ind...
India’s foreign exchange reserves recently touched a 19-month high. What was the total forex reserve as of March 2025?
Ratapani Wildlife Sanctuary has been declared as a tiger reserve. In which state is it located?
Who was honored at the National Fame Awards 2024 for exceptional contributions in their field?