India eliminated the minimum export price for basmati rice and onions.

India has decided to keep its 20 percent export tariff on basmati rice and onions.

According to Indian Home Minister Amit Shah, the central government has chosen to boost exports in order to guarantee farmers receive fair rates for their produce.

He stated on his social network X that the interests of farmers had been taken into consideration when making three significant decisions.

Wherein the government has chosen to keep the export tariff at 20 percent instead of 40 percent and eliminate the minimum export price for onions. According to the government, this will boost onion exports and boost the income of farmers who grow onions.

In a similar vein, the Indian government has decided to do away with the minimum export price for basmati rice. This will alleviate the burden on the farmers growing Basmati rice.

Similarly, the government raised the import duty from 12.5 percent to 32.5 percent on crude palm, soy, and sunflower oil and raised the tariff on refined oil from 13.75 percent to 35.75 percent.

It is evident that the Indian government's move will make it easier for Nepal to import basmati rice and onions. If exports of onions are made easier, the price is predicted to be lower. Onion prices have hovered between 140 and 150 rupees for the past few months in Kathmandu and other national marketplaces.