Quote on the impact Export duty on Onions By Dr. V K Vijayakumar,Geojit Financial Services
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Below Quote on the impact Export duty on Onions 21 August 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
When Agri produce prices go up farmers will gain and consumers will lose. The government’s role is to strike a balance ensuring remunerative prices to farmers and reasonable prices to consumers. In this context, the decision to impose a 40% duty on export of onions is justified. It is normal for governments to intervene to hold prices, particularly when elections to many crucial state assemblies are fast approaching.
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