Shraddha Kapoorr
Govt likely to step in as tomatoes go from boom to bust
According to sources, the Consumer Affairs Ministry's price stabilisation fund (PSF) will be used to make the purchases to provide relief to the distressed farmers who have started dumping their crop as cattle feed since prices are not even covering transport costs in some areas.
Govt likely to stick to market borrowing plan for raising Rs 6.55 lakh crore
A senior official said that although revenue collections have been robust with both GST and direct tax collections showing a sharp increase in the current financial year, there is no plan, as of now, to reduce borrowing.
Govt decides not to allow basmati rice exports below $1,200 per tonne
In a statement, the commerce ministry said it has directed trade promotion body APEDA not to register contracts below $1,200 per tonne.
Govt raises onion buffer from 3 LMT to 5 LMT, to be sold at Rs 25 per kg from tomorrow
Apart from releasing in major markets, onions from the buffer are also being made available to retail consumers at a subsidised rate of Rs 25 per kg through retail outlets and mobile vans of NCCF from Monday (August 21). Retail sale of onion will be suitably enhanced in coming days by involving other agencies and e-commerce platforms.
Govt imposes 40% duty on onion export
The announcement was made through a notification on Saturday. This notification shall come into force with immediate effect, and will remain in force up to and inclusive of the December 31, 2023.
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