Talks on to resolve pulses import duty hike issue: Canadian Minister
The Dollar Business Bureau Canadian Minister of Infrastructure and Communities Amarjeet Sohi said on Monday that discussions were on for resolving the issue of hike in tariff on imports of pulses by India. “Talks on to resolve pulses import duty hike issue with India,” Sohi told the media persons at an interactive session organised by Indian Chamber of Commerce in Kolkata. India, which makes up for almost 48% of the global pulses consumption, is a key importer of pulses from Canada and the US. In 2016-17, out of $4.1 billion imports from Canada, India imported $1.1 billion worth of pulses. However, pulse shipments from Canada have fallen to around $500 million in 2017-18, due to Indian government’s controls and duties following a supply surplus ...
Govt levies 30% import duty on Chana, Masoor
The Dollar Business Bureau In order to protect the interests of farmers, the Government on Thursday imposed an import duty of 30% on masoor (red lentil) and chana (chickpeas) to support domestic prices. Earlier, there was no import duty on these pulse varieties and these could be freely imported. “The Government has decided to impose 30% import duty on chana (chickpeas) and masoor (lentils), with immediate effect,” Ministry of Finance said in a statement. “Production of chana and masoor is expected to be high during the forthcoming Rabi season, and cheap imports, if allowed unabated, are likely to adversely affect the interest of the farmers,” it added. According to the Ministry of Agriculture data, plantings of gram were 14% higher on yearly basis till the end of last ...
Govt lifts ban on export of all varieties of pulses
The Dollar Business Bureau In the wake of record production of pulses last year, the Government on Thursday removed restrictions on exports of all varieties of pulses so that farmers can get remunerative prices as rates in the domestic market have crashed below the minimum support price (MSP). “The Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi, has given its approval for removal of prohibition on export of all types of pulses to ensure that farmers have greater choice in marketing their produce and in getting better remuneration for their produce,” said an official statement. The decision of the Government comes after two months of lifting a ban on exports of some varieties such as urad, tur ...
Import of urad /moong dal into India now restricted to 3 lakh MT per annum
The Dollar Business Bureau The Central government has issued a notification restricting the imports of urad/moong dal (split green gram/split black gram) into India. Imports of these pulses will now be subjected to an annual quota (fiscal year) of 3 lakh MT only. Earlier there was no quantitative restrictions imposed on the imports of these pulses into India. It however said that this restriction will not apply to Government’s import commitments under any bilateral/regional Agreement/MOU. This was released via a notification 22/2015-2020 dated August 21, 2017. It should be recollected that traders of moong/urad dal had demanded from the government that these lentils too should be extended the import restrictions that apply to tur dal or pigeon peas. The Commerce Ministry has restricted the ...
Indias pulses imports stood at 27.48 lakh tonnes in Apr-Oct
The Dollar Business Bureau In order to meet domestic demand, India has imported 27.48 lakh tonnes of pulses in the period April-October of the current fiscal, the government said. Overall pulses imports by the government agencies and private sector stood at 27,48,473 tonnes, said C R Chaudhary, Minister of State for Food and Consumer Affairs, in a written response to the Lok Sabha on Wednesday. The country had imported 57.97 lakh tonnes of pulses in the last fiscal, as per the data provided by the minister. “The government has permitted to create up to 20 lakh tonnes of buffer stock of pulses through local procurement and imports,” Chaudhary said. Pulses for buffer stock are procured at the current market rate if the prevailing market rate is ...
Govt approves domestic procurement of 10 lakh tonnes of pulses
The Dollar Business Bureau The Government has approved domestic procurement of 10 lakh tonnes of pulses for building the buffer stock. The total procurement consists of 5 lakh tonnes of pulses from Kharif Marketing Season 2016-17 and 5 lakh tonnes from Rabi Marketing Season 2017-18. “As on November 21, a buffer of 6,38,205.55 tonnes of pulses, viz, 1,30,492.33 tonnes of chana; 2,04,030.859 tonnes of tur; 1,43,555.76 tonnes of masur; 83,181.792 tonnes of urad; and 76,943.81 tonnes of moong, have been built through domestic procurement and import contracts,” minister of state for food C. R. Chaudhary said in a written reply to the Rajya Sabha. The government has, however, approved 20 lakh tonnes of buffer stock; 10 lakh tonne through domestic procurement from farmers and ...
Govt to import 90,000 tonnes of chana dal and check the prices of sugar
The Dollar Business Bureau The government has decided to import 90,000 tonnes of chana dal through state-owned trading firm MMTC and analyse import duty on sugar to boost domestic supply. Cabinet Secretary P K Sinha on Wednesday reviewed the stock and the prices of essential commodities. He also asked the Department of Consumer Affairs to consider all available options to check the prices of sugar and chana dal. The Central government has asked the State governments to impose stock limits and take adequate action against hoarders to make sure that all the essential commodities are available during the ongoing festival season. The secretaries of consumer affairs, agriculture, food, commerce, expenditure and several others attended the meetings. "It was observed that the recent measures taken by ...
Paswan sees bumper pulse output this year, warns hoarders
PTI The country will see a bumper pulse production this year leading to a fall in prices and hoarders will not stand to benefit, Food Minister Ram Vilas Paswan on Thursday said as he asked them to offload their stocks. Singling out hoarders and blackmarketeers for the sharp rise in retail prices of pulses, he felt that the states did not take stringent action against them. "The country will have a bumper production of pulses this year and hoarders will not get anything," Paswan said on the sidelines of an event here. "If hoarders are thinking that they will sell pulses at higher rate, then forget it. They should sell their stocks in the open market as production will be high this ...
