Stock Market Tips | To hold prices, Govt slaps 30% import duty on chana, Masur
To protect the interest of farmers, the Centre on Thursday decided to impose a 30 percent import duty on chana (chickpeas) and Masur (lentils), with immediate effect, an official release said.
“Production of chickpeas and lentils is expected to be high during the forthcoming rabi season, and cheap imports can adversely affect the interest of the farmers,” the release said.
The government’s notification comes in the wake of falling prices of pulses in domestic markets due to higher production, traders said.
Like last year, the country expects a bumper pulses production this year, too. Cheaper imports, on account of prevailing low international prices, may suppress domestic prices, deepening the farm distress in the country.
An Exclusive Offer for You Or Stock Market Tips Click Here and Call @9644405056
0 comments
Note: only a member of this blog may post a comment.