Increase in import duty on edible oil to help farmers: Shivraj Singh Chouhan
- September 15, 2024
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Increase in import duty on edible oil to help farmers: Shivraj Singh Chouhan
Sub: Geo
Sec: Eco geo
Updated Agricultural Policies in India:
- Edible Oil Import Duty Increase:
- Import duty on edible oils raised from 0% to 20%
- Basic duty on refined oil increased to 32.5%
- Total effective duty on imported edible and refined oils: 27.5%
- Basmati Rice Export Policy:
- Minimum export duty on Basmati rice removed
- Impact on Farmers:
- Expected to benefit oilseed farmers, especially soybean and green gram producers
- Likely to increase sowing of oilseeds in Rabi season
- Anticipated boost in mustard crop prices
- Potential increase in soya production and exports
- Onion Export Duty Reduction:
- Export duty on onions reduced from 40% to 20%
- Aimed at benefiting onion farmers and related sectors
- Onion Price Control Measures:
- Subsidized retail sale of onions at ₹35 per kg through NCCF and NAFED
- Expanded retail sales to e-commerce platforms, Kendriya Bhandar, and SAFAL outlets
- Implementation of bulk sales strategies
- Improved logistics using road and railway networks to reduce post-harvest losses
Details of crops in news:
Category | Details |
Onion Production in India | |
Global Ranking |
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Major Producing States |
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Annual Production (2023-2024) |
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Growing Seasons |
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Challenges |
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Soybean Production in India | |
Global Ranking |
|
Major Producing States |
|
Annual Production (2023-2024) |
|
Primary Growing Season |
|
Uses |
|
Oilseed Production in India | |
Global Ranking |
|
Major Oilseed Crops |
|
Annual Production (2023-2024) |
|
Key Producing States |
|
Challenges |
|
National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED):
- Established on October 2, 1958 (Gandhi Jayanti).
- Apex organization of marketing cooperatives in India.
- Registered under the Multi-State Co-operative Societies Act 2002.
- Primary Objectives:
- Promote cooperative marketing of agricultural produce.
- Facilitate farmers in getting better prices for their produce.
- Implement price support operations for pulses and oilseeds.
- Key Functions:
- Procurement of agricultural commodities at Minimum Support Price (MSP).
- Distribution of agricultural inputs like seeds and fertilizers.
- Export promotion of agricultural and processed food products.
- Implementation of Price Stabilization Fund (PSF) operations.
- Government Role:
- Works under the administrative control of the Ministry of Agriculture and Farmers Welfare.
- Acts as a central nodal agency for procurement of notified agricultural commodities.
- Recent Initiatives: E-Kisan Mandi: An online platform for direct selling of farm produce.
Source: TH