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Friday, November 1, 2024
TopicEdible oil import

Topic: Edible oil import

India’s edible oil market is facing reduced demand. Increased import duty not a fix

Improving oilseed crop yields is critical. India ranks fourth globally in soybean acreage but is only fifth in productivity.

India raises edible oil import duties, to boost domestic oilseed farmers

This new duty will come into effect on September 14, 2024.

More than 50% edible oil imported — ban on GM Mustard ‘against national interest’ Centre tells SC

Govt submission comes in response to petitions against release of GM crops owing to concerns over side-effects. New technology would increase farm productivity and income of farmers, says Centre.

Why is your tadka getting more & more expensive? Blame India’s reliance on edible oil imports

Indians spending 14% more on edible oil compared to last year. Experts expect a cooldown if no shocks prevail, government says ‘situation under control’.

As inflation breaks records, Modi govt plans to counter criticism ahead of anniversary & polls

While retail inflation hit an 8-year high of 7.8% in April, wholesale inflation surged to a 9-year high of 15.08% on the back of elevated food and energy prices in the same month.

As cooking oil prices rise, Indian households spend more, look for cheaper alternatives, survey shows

Survey by LocalCircles also found that 17% were cutting discretionary spending to afford the oil and 1 in 2 households are dipping into savings to buy it.

India’s addiction to cooking oil imports seen lasting for at least 15 more years

India will likely produce about 10 million tonnes of edible oils in 2021-22, compared with local consumption of as much as 23 million tonnes.

Govt’s plan to tackle edible oil price rise: Push for domestic rice bran oil production

India is witnessing record-high inflation in edible oil prices. Food Secretary says country can produce up to 18-19 lakh tonnes of rice bran oil, up from current 11 LT.

Modi govt reduces custom duties on edible oils to ease elevated level of retail prices

The base import tax on crude palm oil, crude soy oil and crude sunflower oil has been reduced to 2.5 per cent, the Finance Ministry said in a notification issued late Friday.

Why Modi govt push for atmanirbharta in palm oil production could come at a cost to environment

The National Mission on Edible Oils-Oil Palm hopes to address a major issue — dependency on imports for edible oils — but given the nature of palm oil farming, has raised concerns.

On Camera

Iran’s real fantasy is to take over Muslim world. Palestine is just a façade

Since 1979, Iran has used the Palestinian issue as a façade for its regional agenda to oppose American diplomacy, the Western world, and the existence of Israel.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

All about Major Bob Khathing, whose daring expedition & diplomatic parleys secured Tawang for India

The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.

From 2004 to 2024, bad news has come wrapped as good news for Congress

Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.