-Outlook India The latest development will cut the effective import tax on crude palm oil, crude soya oil and crude sunflower oil from 24.75 percent till now to 0. The government on Wednesday reduced various import taxes on palm oil, soyoil and sunflower oil ahead of the festive season till March 31, 2022, said the Bureau of Indirect Taxes and Customs. According to Moneycontrol, the latest development will cut the effective import tax...
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Centre imposes stock limits on Edible Oils to curb price surge
-Livemint.com * This decision will soften the prices of Edible Oils in the domestic market * The high prices of Edible Oil in international market has a substantial impact on the domestic Edible Oil prices In a landmark decision, the Department of Food and Public Distribution has imposed stock limits on Edible Oils and Oilseeds for a period upto 31st March, 2022. In a release the department said, the Removal of Licensing Requirements, Stock...
More »Centre imposes stock limits on Edible Oils to soften the prices of Edible Oils in the domestic market
-Press Information Bureau/ Ministry of Consumer Affairs, Food & Public Distribution The Department of Food and Public Distribution in a landmark decision has imposed stock limits on Edible Oils and Oilseeds for a period upto 31st March, 2022. The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2021 has been issued with immediate effect i.e. from 8th September, 2021.Future trading on Mustard Oil and Oilseeds was...
More »Arunachal finalises oil palm mission
-The Hindu Centre committed to turning the north-east into oil palm hub, says Agriculture Minister Guwahati: Arunachal Pradesh has finalised the National Mission on Edible Oils-Oil Palm (NMEO-OP) and will go “full swing” in implementing it across 1.33 lakh hectares soon, Chief Minister Pema Khandu has said. Speaking at the ‘Business Summit for North Eastern States’ on the NMEO-OP in Guwahati on Tuesday, Mr. Khandu said Arunachal Pradesh is geographically the largest State...
More »Mizoram shows why centre’s palm-oil plans will be disastrous for farmers, environment -Kimi Colney
-CaravanMagazine.in On 15 August 2021, marking India’s 75th Independence Day, Prime Minister Narendra Modi addressed a crowd-packed Red Fort. “Just as we are making sure that no person or no class should be left behind in the development journey of society, similarly no part of the country, no corner of the country, should be left behind,” he told the crowd. “Development should be all-round, development should be all-pervasive, development should be...
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