Articles for tag: Aiming, Boost, Commodities, Crucial, Curb, Elections, Export, Farmer, Incomes, India, Inflation, Key, Minimum, Prices, Scrapped

Market News

India scrapped minimum export prices on key commodities, aiming to boost farmer incomes and curb inflation before crucial elections.

India scrapped minimum export prices on key commodities, aiming to boost farmer incomes and curb inflation before crucial elections.

The Indian government recently made significant changes to its export policies to stabilize farm prices and manage inflation ahead of upcoming state elections in Haryana, Jharkhand, Jammu & Kashmir, and Maharashtra. Notably, the minimum export price on onions was eliminated, dropping from $550 per tonne. Additionally, the export duty on onions was reduced from 40% ...

Market News

Government raises customs duties on edible oils to boost farmer incomes, while also slashing onion export duties for increased trade.

Government raises customs duties on edible oils to boost farmer incomes, while also slashing onion export duties for increased trade.

The Indian government has announced an increase in customs duties on crude palm and refined sunflower oil, raising them to 20% and 32.5%, respectively. This move is expected to significantly benefit farmers, especially those in key producing states like Maharashtra and Madhya Pradesh, as it will help raise their income. Additionally, the government removed the ...

Market News

Rising Incomes Spark Household Savings Rebound in India’s Economic Landscape

Rising Incomes Spark Household Savings Rebound in India’s Economic Landscape

RBI Deputy Governor Michael Patra addressed the CII Financing Summit, discussing trends in household savings and financial assets in India. He pointed out that net household savings as a percentage of GDP have decreased significantly, partly due to changes in spending behavior and a shift towards physical assets like housing. Despite this decline, household savings ...

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