Removal of restrictions is expected to contribute towards economic stability. Exports were prohibited from 8 Dec 2023 due to an estimated 20% decline in Kharif and late Kharif production.
Cyclone Tauktae in May increased moisture in stored rabi onions, and now kharif crop is expected to be delayed, leading to shortfall in supply as demand rises in festive season.
Ministry of Agriculture’s estimates, however, show that production of apple, spices & tomato is estimated to decline in 2020-21 as compared to previous year.
Karnataka BJP MP Tejasvi Surya appealed to the Centre to exempt ‘Bangalore Rose’ from the ban as this special variety is grown for export to Southeast Asian countries.
Over the last two weeks, wholesale and retail prices have more than doubled in several markets across India, including the largest wholesale onion market in Nashik.
The government had nearly doubled its buffer stock target to 1 lakh metric tonnes after last year’s price rise, but so far, it has only procured 45,000 MT.
Driving an electric vehicle for months, the Hyundai IONIQ5, BMW iX and now the Kia Carens Clavis electric, has convinced me of the viability of EVs for city and mid-range commutes.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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