Palm oil import
July 7, 2021
Palm oil import Subject: Economy Context: Requesting the Government to withdraw its decision to freely allow the import of RBD palmolein and RBD palm oil, the Solvent Extractors’ Association of India (SEA) has said such a decision would kill the domestic refining industry and will have serious repercussions on farmers Concept: The Directorate-General […]
Petrol price rise and issue of tax
July 4, 2021
Petrol price rise and issue of tax Subject: Economy Context: Ratings agency ICRA recently postulated that the government had room to cut cess levies on retail prices of petrol and diesel, thereby easing prices. Lower fuel prices will likely help cool inflation levels, which are currently beyond the 6% upper limit specified by […]