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The government has permitted to export 64,400 tonnes of onion to the UAE and Bangladesh through the National Cooperative Exports (NCEL). Out of 64,400 tonnes of onion, export of 50,000 tonnes of onion is permitted to Bangladesh, shipments of 14,400 tonnes were allowed to the UAE. Though onion exports are banned, the government allows specified quantities to friendly nations. The exports are allowed on the basis of permission granted by the government to other countries based on their request.
On December 8 last year, the government banned exports of onion till March 31 this year with a view to increase domestic availability and to keep prices in check. Earlier, the Centre in October 2023 had decided to step up the sale of buffer onion stock at a subsidised rate of Rs 25 per kg in retail markets in order to provide relief to consumers.
To control prices, the government has earlier taken several steps. It had imposed a minimum export price (MEP) of $800 per tonnes on onion exports on October 28 till December 31, 2023. In August, India had imposed a 40 per cent export duty on onions up to December 31, 2023.
Between April 1, 2023 and August 4, 2023 this fiscal, 9.75 lakh tonnes of onions have been exported from the country. The top three importing countries in value terms are Bangladesh, Malaysia and the UAE.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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