Business Blog: Centre puts 40% export duty on onions to boost supplies, tame prices

Saturday, August 19, 2023

Centre puts 40% export duty on onions to boost supplies, tame prices

The latest step comes after official data showed retail inflation, as measured by the consumer price index, soared to a 15-month high of 7.4% in July, up from the previous month's 4.9%. PM Modi, in his I-Day speech, promised to control inflation and minimise the burden on citizens.

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