MUMBAI: India will allow unrestricted export of onions, the government said in an order on Friday, as prices of the politically-sensitive vegetable fell over a third in a month. The world´s biggest exporter of onion had imposed curbs on overseas sales late last year in an attempt to soften local prices. In November, the government set a minimum price of $850 per ton for overseas sale of onions, but subsequently reduced it to $700 per ton. Unrestricted exports from India could soften prices in key importing countries such as Bangladesh, Malaysia, the United Arab Emirates and Sri Lanka, traders said.
DRI busts smuggling rackets, seizes 31kg gold
VIJAYAWADA: The Directorate of Revenue Intelligence (DRI) seized 31.5 kg gold worth 13.3 crore in the last three days. DRI...
