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  • Union Agriculture Minister Shivraj Singh Chouhan Applauds Increased Import Duty on Edible Oils
    Posted on September 15th, 2024 in Exam Details (QP Included)

    Union Agriculture Minister Shivraj Singh Chouhan Applauds Increased Import Duty on Edible Oils

    • Union Agriculture Minister Shivraj Singh Chouhan welcomed the decision to increase the import duty on edible oils from zero to 20%.
    • Chouhan emphasized the move as a significant step for farmers’ welfare.
    • He also welcomed the removal of the minimum export duty on Basmati rice and the increase in basic duty on refined oil to 32.5%.
    • Chouhan hoped that this move would benefit all oilseed farmers, especially soya bean and green gram farmers, and ensure good prices for their crops.
    • Chouhan also noted the removal of the minimum export duty on Basmati rice to help farmers, resulting in increased demand for Basmati rice and exports.
    • The government has also reduced the export duty on onion from 40% to 20%, benefiting onion farmers and related sectors.
    • The Union Consumer Affairs Ministry has expanded the retail sale of onion to e-commerce platforms, outlets of Kendriya Bhandar and SAFAL, and adopted bulk sales strategies to ensure affordable prices.
    • The government plans to extend wholesale disposal of onion in major cities, with plans to extend to Hyderabad, Bengaluru, Kolkata, and all state capitals.

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