Tuesday, 28 June, 2022
TopicEdible oil import

Topic: Edible oil import

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.

To make India ‘atmanirbhar’ on palm oil, Modi govt approves separate National Mission

National Mission on Edible Oils-Oil Palm proposes to cover an additional area of 6.5 lakh hectares (lha) under oil palm cultivation by 2025-26, and another 6.7 lha by 2029-30. 

By slashing import duties on edible oils, Modi govt torpedoing its boat of farm reforms

ThePrint view on the most important issues, instantly.

On Camera

YourTurn

J.P.Singh, joint secretary (Pakistan, Afghanistan and Iran Division), MEA, meets Taliban's interim foreign minister Amir Khan Mottaki | Photo credit: Twitter/@QaharBalkhi

Hard-nosed, practical—why India has revived relations with Kabul, and why Taliban is welcoming

By protecting the Indian embassy in Kabul for the last ten months, the Taliban is sending a message to its neighbours and the rest of the world.
An employee works at Mahindra & Mahindra Ltd. facility in Chakan, Maharashtra | Bloomberg file photo

Bigger cars, smaller chips — Why Mahindra is worried about increased wait time

A major focus for Mahindra will be defending its market share in the large-format SUV segment from Tata Motors and Hyundai Motor.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.
×