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Thursday / April 25. 2024

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HomePosts Tagged "Central government of India"
AgroPolicy, India, Trade, Vegetables

The central government had already planned to keep 3 lakh tonnes of onions on hand as a buffer stock for the 2023-24 season.

In order to improve domestic availability and stabilize soaring onion prices, 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. The export duty comes amid reports that onion prices are likely to rise in September.

The move comes in the context of the government using trade-related measures to combat inflation. The government has already placed restrictions on the export of wheat and rice. Earlier, the Centre had reduced the import duty on edible oils.

The central government had already planned to keep 3 lakh tonnes of onions on hand as a buffer stock for the 2023-24 season. The government kept 2.51 lakh tonnes of onion as a buffer stock in 2022-23. If rates rise dramatically during the low supply season, a buffer stock is kept on hand to meet any emergencies and to keep prices stable.

Rabi onions harvested between April and June account for 65 percent of India’s onion production and sustain consumer demand until the Kharif crop is harvested between October and November.

The central government had already planned to

AgroPolicy, Finance, Schemes - Govt

The mangoes in this cluster will be known as ‘Kakori brand’

During the inauguration of ‘Uttar Pradesh Mango Mahotsav-2022’, Uttar Pradesh Chief Minister Yogi Adityanath announced that the Centre has approved a mega cluster of mangoes in Lucknow and Rs100 crore will be spent on it in the next five years. The event also witnessed the presence of UP’s Agriculture Minister Surya Pratap Shahi and Minister of State (Independent Charge) for Horticulture Dinesh Pratap Singh.

“Under the guidance of Prime Minister Narendra Modi, the central government has approved a mega cluster of mangoes in Lucknow on which ₹100 crore will be spent in the next five years,” Adityanath said.

The Chief Minister also highlighted that the mangoes in this cluster will be known as ‘Kakori brand’, which will be a true tribute to the great heroes of Kakori as part of the ‘Azadi ka Amrit Mahotsav’.

Earlier, the chief minister visited the mango exhibition organised by the Horticulture and Food Processing Department, released the festival souvenir and honoured progressive farmers of the state, according to an official statement.

The mangoes in this cluster will be