-Livemint.com The government had to lower the import duty on edible oils several times in recent months to tame food inflation NEW DELHI: The government is set to launch an oilseed mission to boost domestic production of oilseeds and reduce import dependence, said NITI Aayog member, agriculture, Ramesh Chand. India currently makes around ₹1 trillion worth of edible oil imports every year or nearly half of its demand. The proposed scheme was devised after...
More »SEARCH RESULT
Total Matching Records found : 546
Amid dollar crunch, Pakistani importers head towards grey market for transaction
-Livemint.com After extreme rain and severe flooding, Pakistan is dealing with acute food shortage. Moreover, dollar crunch has kept Pakistani food importers at mercy of grey market Extreme floods might not be a problem for Pakistanis anymore, but acute food shortage and drying forex reserve have made Pakistani food importers vulnerable to the grey market for payments. Under the grey market, the commodities are traded through markets that are unauthorised by the manufacturers....
More »World Bank's New Warning On Sri Lanka Amid Severe Food Price Inflation
-Asian News International/ NDTV.com Sri Lanka Economic Crisis: This comes as food price inflation remains at a multiyear high in South Asian countries including Pakistan. Colombo: Sri Lanka is ranked fifth among the 10 countries with the highest food price inflation in the world, according to the latest World Bank assessment. In its Food Security update, the World Bank said trade policy actions on food and fertilizers have surged since the beginning of...
More »Central government plans to scrap wheat import duty -R Suryamurthy
-The Telegraph Officials say Centre is considering several other measures such as doing away with stock holding limit of foodgrain The government plans to scrap the import duty on wheat to encourage inward shipment and meet its growing demand during the festive season. Officials said the Centre was considering several other measures such as doing away with the stock holding limit of the foodgrain. Analysts said the move might not fetch the desired results...
More »Willing to ‘feed the world’ by summer, India may have to import wheat come winter -Sayantan Bera
-ThePrint.in With wheat prices soaring, the government may have to slash import duty and impose stock limits, say traders and analysts. New Delhi: Rising wholesale and consumer prices of wheat may push India to allow imports of the staple food item in a few months’ time. If India turns importer, it will be a drastic reversal — from desiring to ‘feed the world’ in the summer to battling a shortfall by winter. Compared...
More »
