India imposes 40 percent tax on onion exports

ratopati
Ratopati August 20, 2023
India imposes 40 percent tax on onion exports

KATHMANDU, Aug 20: India's Ministry of Finance has imposed a 40 percent tax on all exports of onions. It will remain in effect until December 31, 2023.

According to Consumer Secretary Rohit Kumar Singh, this new rule was imposed to improve the internal supply system of India.

The price of onion in the domestic market of India is 30.62 Indian rupees at present. The price has increased by 20.75 percent compared to last year. The price of onion was 25.44 Indian rupees last year.

Leave Comment

Related Articles

State saved 1.5 billion for not issuing new banknotes

State saved 1.5 billion for not issuing new banknotes

Kathmandu, October 9 — As Nepal Rastra Bank (NRB) did not print fresh banknotes this...
Suryadarshan Cooperative fraud: UML leader Pahari accused of embezzlement

Suryadarshan Cooperative fraud: UML leader Pahari accused of embezzlement

Kathmandu, October 9 — Rajiv Pahari, a leader of the CPN UML, has been implicated...
Stock market sees modest gains ahead of Dashain

Stock market sees modest gains ahead of Dashain

Kathmandu, October 9 — The stock market experienced a slight increase on Wednesday. On the last...
Energy Ministry seeks clarification from NEA Executive Director Ghising

Energy Ministry seeks clarification from NEA Executive Director Ghising

Kathmandu, October 9 — The Ministry of Energy, Water Resources and Irrigation has sought clarification from...
Tourist influx in Khumbu region: 1,539 visitors arrive in a single day

Tourist influx in Khumbu region: 1,539 visitors arrive in a single day

Solukhumbu, October 9 — The area surrounding the world’s highest peak, Mount Everest, and the...
Gold prices drop by NPR 1,000 on last day before Dashain holidays

Gold prices drop by NPR 1,000 on last day before Dashain holidays

Kathmandu, October 9 — On the last day before the Dashain holiday, the price of...
NRB to spend NPR 1 billion to print NPR 3.5 billion in notes

NRB to spend NPR 1 billion to print NPR 3.5 billion in notes

Kathmandu, October 9 — The Nepal Rastra Bank has decided to award the contract for...
Hyundai begins producing electric SUVs at $7.6 bn plant

Hyundai begins producing electric SUVs at $7.6 bn plant

SAVANNAH, Ga. (AP) — Hyundai has begun producing electric SUVs in Georgia less than two years...