Indefinite ban on onion comes into force. Onion price will not increase in the country. Will be sold everywhere at the price of potatoes
Onion prices were skyrocketing for the last few months. This had become a matter of concern for the common man. But now the government has taken an important decision to control onion prices.
What decision has the government taken?
The government has banned the export of onions indefinitely. This means that now onion will not be exported from India. This decision has been taken to increase the domestic supply of onion and reduce the prices.
“The ban on onion exports has been extended till further orders till March 31, 2024,” the Directorate General of Foreign Trade (DGFT) said in a notification on March 22.
What will be the impact of this decision?
This decision is expected to bring down onion prices. Prices will reduce as onion availability increases in the market. This is news of relief for the common man.
Why did the government take this decision?
The government has taken this decision in view of the rising prices of onion. Onion prices had doubled in the last few months. This was putting a heavy burden on the budget of the common man.
When will this decision come into effect?
This decision has come into effect with immediate effect.
For how long will this decision remain in force?
This decision will remain in force indefinitely. The government will regularly review onion prices and this decision will be withdrawn when prices come under control.
What effect will this decision have on farmers?
Farmers may suffer some loss due to this decision. Due to stoppage of export of onion, farmers may get lower prices for their produce.
What effect will this decision have on the common man?
This decision will provide relief to the common man. Reduction in onion prices will reduce the burden on the budget of the common man.
