After the central government announced procurement of soyabean to support prices that are ruling below the minimum support price levels, the processing industry has demanded that import duties on cooking oils be increased by 15% to help absorb the jump in raw material prices. Currently, different oils have different duties. While crude palm, sunflower and … Read more
The government’s focus on improving the state of agriculture in India and several initiatives taken by it to drive higher rural incomes are likely to support to sustain the tractor demand momentum despite industry sales witnessing a decline of 7 per cent, according to Swaraj Engines Ltd. The company, which supplies diesel engines for tractors … Read more
Offering a legal guarantee for the procurement of all crops at minimum support prices would leave very little money in the government’s coffer for other development and social goals, unnamed government officials told the Times of India. They said it would be a fiscal disaster for the country. Farmers Protest: Check Live Updates The officials … Read more
