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Government doubles export incentives for onion farmers to 10 percent

Posted on:01 Jan 2019 09:00:04
Government doubles export incentives for onion farmers to 10 percent
01 January 2019 Current Affairs:

Government has doubled the export incentives for onion farmers from existing 5 percent to 10 percent.
This is the result of steep drops in recent weeks in the prices for onions, a staple food in India.
The export incentive for fresh Onions was zero before July, 2018. During July this year, the incentives were introduced at the rate of five percent. The Ministry said, now, with the current increase, Onions enjoy one of the highest incentives for Agro-exports.

Government has doubled the export incentives for onion farmers from existing 5 percent to 10 percent.
This is the result of steep drops in recent weeks in the prices for onions, a staple food in India.
The export incentive for fresh Onions was zero before July, 2018. During July this year, the incentives were introduced at the rate of five percent. The Ministry said, now, with the current increase, Onions enjoy one of the highest incentives for Agro-exports.


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