Hi, NewsWrap for August 20, 2023

20-August-2023: Namoh 108 Lotus Variety, Onion Buffer Capacity Rises, Green Hydrogen Definition, Onion Exports Face 40% Duty Imposition by Government

20 August 2023

  • Onion Buffer Capacity Rises from 300,000 MT to 500,000 MT

    The government has taken a significant step by increasing the onion buffer stock to 5.00 lakh metric tonnes this year in an unprecedented move, surpassing the initial procurement goal of 3.00 lakh metric tonnes. To achieve this additional procurement target, the Department of Consumer Affairs has instructed both NCCF and NAFED to procure 1.00 lakh tonnes. This strategic decision aims to ensure a steady supply of onions in major consumption centers while maintaining an equilibrium in prices.

  • Green Hydrogen Definition Announced by India

    In a pivotal stride towards advancing the National Green Hydrogen Mission, the Indian government has officially introduced the Green Hydrogen Standard. Developed by the Ministry of New and Renewable Energy (MNRE), this standard lays out the essential emission benchmarks that hydrogen production must adhere to in order to qualify as 'Green', indicating its origin from renewable resources. This classification encompasses hydrogen generated through both electrolysis and biomass-based methods.

  • Onion Exports Face 40% Duty Imposition by Government to Boost Local Supplies

    The Indian government introduced a 40 percent duty on onion exports until December 31 in an effort to control the escalating prices within the local market on Saturday. The decision to raise the export duty is in response to forecasts indicating a potential surge in onion prices come September. To mitigate this, the government had recently declared the immediate release of onions from its reserve stocks in certain regions, aiming to stabilize prices until the new harvest arrives in October.

  • Dr. Jitendra Singh Unveils Namoh 108 Lotus Variety Developed by CSIR-NBRI

    Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, as well as MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy, and Space, unveiled a remarkable new variety of lotus flower with 108 petals in a significant development in the field of botanical research.

On the news

20 August 2023

That's it for for 20 August 2023
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