In an affidavit filed before Supreme Court, environment ministry has said domestic production of GM Mustard will reduce India’s dependency on other countries to meet domestic demand.
According to Solvent Extractors’ Association of India, diverting land from rice & wheat production in Punjab, Haryana can increase production of edible oil in India by 25 lakh tonnes.
Mustard oil is believed to be cardio protective due to its high content of monounsaturated fatty acids. But studies show its beneficial aspect is controversial.
Edible oils have seen a sharp rise in prices in last 6 months despite govt efforts to cool off rates by reducing high tax levies. June fuel inflation was 12.68%, while edible oil inflation was at 34.78%.
When half of all consumers are trapped in a low-productivity agrarian economy, exposing them further to agricultural price volatility would be criminal.
UCBs accounted for 1.8% of total industry credit in September 2025—down from 2.2% five yrs ago—showing that they are losing ground to faster PSU banks.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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