Friday, April 12, 2024

Creating liberating content

HomeBusinessCentre exempts 'Bangalore...

Centre exempts ‘Bangalore rose onion’ from export duty – World News Network

New Delhi [India], October 1 (ANI): The central government has exempted the export of ‘Bangalore rose onion’ from recently imposed duty, with a small rider.
“Goods meant for export shall be allowed to be exported subject to the exporter furnishing a certificate from the Horticulture Commissioner, Government of Karnataka, certifying the item and quantity of Bangalore Rose Onion to be exported,” the official notification from the Ministry of Finance said.
The notification came into force with immediate effect.
Bangalore rose onion is a variety of onion grown in and around Bengaluru in Karnataka. It got the coveted Geographical Indication tag in 2015.
In August, the government imposed a 40 per cent duty on the export of onions to check price rise and improve supplies in the domestic market till December 31, 2023.
Earlier in the same month, the central government started releasing the staple vegetable from its buffer stock. The central government had earlier decided it would maintain 3 lakh tonne of onions in the 2023-24 season as buffer stock. In 2022-23, the government maintained 2.51 lakh tonne onion as buffer stock.
Buffer stock is maintained to meet any exigencies and for price stabilisation, if rates go up significantly during the lean supply season.
Rabi onion harvested during April – June accounts for 65 per cent of India’s onion production and meets the consumer’s demand till the Kharif crop is harvested in October-November. (ANI)


Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

Get notified whenever we post something new!

spot_img

Create a website from scratch

Just drag and drop elements in a page to get started with Newspaper Theme.

Continue reading

Jayesh Saini, chairman of Lifecare Hospitals, felicitated with “Best Emerging Leader 2023” – World News Network

New Delhi [India], November 16: In a momentous celebration of innovation and excellence, Jayesh Saini, the visionary Chairman of Lifecare Hospitals, has been honored with the prestigious "World's Best Emerging Brand for Lifecare" and "Best Emerging Leader" awards from the esteemed WCRCINT at The House of Lords, London.

SundayGrids Unveils Revolutionary ‘Digital Solar’ Platform, Paving the Way for Accessible Clean Energy in India – World News Network

Mumbai (Maharashtra) [India], November 16: SundayGrids, an innovative clean energy company, has launched a groundbreaking 'Digital Solar' service, revolutionizing the way urban India interacts with solar energy. This pioneering platform enables individuals to subscribe to solar power without the need for rooftop panel installations, overcoming one of the most significant barriers to solar adoption in densely populated areas.

Global Fisheries Conference India 2023 to be held in Ahmedabad on Nov 21- 22: Union Minister Rupala – World News Network

The curtain raiser event of the Global Fisheries Conference India 2023 Union Minister Parshottam Rupala said, "The Indian Fisheries Sector has shown a growth of in fish production, export, aquaculture that is the cumulative result of efforts from Centre, States/UTs and beneficiaries in all fields particularly Inland Fisheries that makes up for more than 70 per cent of the fish production".

Enjoy exclusive access to all of our content

Get an online subscription and you can unlock any article you come across.