PIB Summary & Analysis for UPSC IAS Exam for 27th Apr 2024 [Video]

27 Apr 2024 PIBDownload PDF Here

TABLE OF CONTENTS

1. Centre allows export of 99,150 MT onion to six countries2. Integrated Pensioners’ Portal of Bank of India

1.Centre allows export of 99,150 MT onion to six countries

Syllabus: GS-3, Economy

Prelims: Exports of Onion 

Context: The Government of India has permitted the export of 99,150 metric tons (MT) of onions to six neighboring countries, namely Bangladesh, UAE, Bhutan, Bahrain, Mauritius, and Sri Lanka. 

• Additionally, a quota of 2000 MT of white onions, cultivated specifically for export markets in the Middle East and some European countries, has been allowed. 
• These decisions come against the backdrop of a projected decrease in domestic onion production for the year 2023-24 and increasing demand in the international market.

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National Cooperative Exports Limited (NCEL) as Export Agency:

• NCEL has been designated as the agency responsible for onion exports to the mentioned countries.
• Onions are sourced through an e-platform at the lowest (L1) prices …