The effective duty, which includes cess and other charges, on crude palm oil will be 30.25% while for refined palm oil it would be 41.25% from Wednesday.
The duty on crude palm oil has been lowered to 27.5% from 37.5%. The lower tax is expected to further boost inbound shipments and support benchmark prices of the commodity.
Commerce ministry issues notification restricting import of refined palm oil. Move is apparently directed at Malaysia due to its souring relationship with India.
A technology drive is catapulting palm oil, the world’s most-consumed vegetable oil, as drones cut down dependence on manual labour for spotting fires and collecting important data.
In an India that was post-Mughal but pre-British Raj, diplomacy, popular religion, and a constellation of genius painters created the most spectacular Ramayana adaptation ever.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
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