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The effective duty on the crude and refined oils will increase from 5.5% to 27.5% and from 13.75% to 35.75%, respectively. | Photo Credit: Reuters “The Government’s decision to hike customs duty on crude palm and refined sunflower oil to 20% and 32.5%, respectively, will ‘hugely’ benefit farmers as it will increase their income,” a…
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The government will also be offloading its onion stocks in various wholesale markets to reduce retail prices | Photo Credit: Vijay Soneji The story so far: In order to increase the availability of onions in the market, especially ahead of the upcoming festive season, the government on August 19 imposed a 40% duty on the…
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A labourer shortlist onion at APMC wholesale Market in Ahmedabad. File | Photo Credit: Vijay Soneji The Centre, on Saturday, imposed a 40% duty on the export of onions. The Centre will also offload stocks of onions in various wholesale markets to reduce the retail prices. The national average prices of the essential vegetable had…
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