Onion export banned
Rupee is not alone in bringing tears - the original tear creator, onions are in news. Onions are now selling at Rs. 30/- a kg and people are standing in queue for hours together to buy a kg of subsidised onions. Export of onions is allowed only through NAFED and certain other State trading organisations as per the ITC HS classification of the Foreign trade Policy. Now NAFED has decided not to issue NOC till 15th October, for export of onions. Now that Rupee is very strong, maybe it will be cheaper to import onions from the US of A. The worst victim of India's ban is Bangla Desh, which imports half its need of onions from India.