To manage the overall food security and to prevent hoarding and unscrupulous speculation, the Centre has decided that traders, wholesalers, retailers, big chain retailers and processors in all states and union territories have to declare their stock position of wheat on the portal (https://evegoils.nic.in/wheat/login.html) with effect from 1 April 2024 and then, on every Friday […]
The Central government has allowed the export of 50,000-tonne onions to Bangladesh and 14,400-tonne onions to UAE, at a time when the staple vegetable’s outward shipments have been kept under restrictions. For exports to the UAE, a ceiling of 3,600 tonnes is kept every quarter, the official notification from the Directorate General of Foreign Trade […]
India raised the windfall tax on petroleum oil to Rs 3,200 per tonne on Saturday, a considerable increase from the previous rate of Rs 1,700. Furthermore, the windfall tax on diesel and aviation turbine fuel remains unchanged, at zero, as stated by the government late last Friday. This development follows a preceding decision on 16 […]
The central government has imposed stock limits on wheat for traders, wholesalers, retailers, big chain retailers and processors in all states and Union Territories, a release from the Food and Consumer Affairs Department stated Friday. According to the ministry, this intervention was needed to manage the overall food security and prevent hoarding and unscrupulous speculation. […]
The government on Thursday clarified that onion consignments, registered with customs authorities before 29 October 29, can be exported until 30 November. The clarification comes after the government imposed a minimum export price (MEP) of USD 800 per tonne on onion exports until 31 December. The measure aims to boost domestic availability and control prices. […]
In a remarkable decision, the Indian Government has increased the onion buffer stock to five lakh metric tonnes this year, surpassing the initial procurement goal of three lakh metric tonnes. To achieve this supplementary target, the Department of Consumer Affairs has instructed the NCCF and Nafed to acquire one lakh tonnes each, while also efficiently […]
