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Centre doubles export incentive for onion farmers

Newdelhi:28/12/18:The Government today increased the export incentives granted for Onions under the Merchandise Exports from India Scheme (MEIS) from existing 5% to 10% in the interest of farmers. This will result in better price for Onion in domestic markets. It may be noted that the Onion arrivals have increased in the market at present due to which the prices in the Mandis are subdued.

 

            To contain the situation, it has been decided by the Government to encourage exports of Onions so that the domestic prices stabilize. Thus, export incentives for Onions have been doubled to 10% from what is being currently provided under MEIS scheme. The export incentive for fresh inions was zero before July, 2018. During July, 2018, the incentives were introduced at the rate of 5%. Now, with the current increase, Onions enjoy one of the highest incentives for Agro-exports. This timely intervention would help the farmers who have recently harvested their produce and who have sowed/ recently transplanted their seeds, expecting better prices.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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