Odishas VAT reduction on pulses to benefit customers
Aamir H Kaki The approval of Odisha government to reduce Value Added Tax (VAT) on pulses from 5% to 1% is welcomed by the industry as it will directly benefit the customers. Anil Agarwal, Owner, Trupti Dal & Floor Mill, which deals in pulses, said that the traders welcome the government’s decision and the benefit of the VAT reduction will directly go to the customers. “If we take into account the VAT on pulses, we have to pay extra Rs.8-10 as tax on a kg of tur dal. After tax reduction, this benefit will directly go to customers in terms of reduced prices,” he added. “The central government has been taking measures to regulate the prices of the pulses, which are at a peak of ...
Govt increases the buffer stock for pulses
The Dollar Business Bureau The government of India has increased the size of the buffer stock of pulses by more than 5 times to 8 lakh tonnes for this year as they seek to sell lentils at a lower rate for the relief of the customers. This decision was taken at a high-level meeting which was chaired by the Finance Minister Arun Jaitley. It was also decided to import pulses from Myanmar and African countries to increase the stock. Despite several measures taken to increase the supply of pulses in the last couple of months, the prices of pulses are ruling in the market for over Rs.170 per kg. Ram Vilas Paswan, Union Food Minister, Radha Mohan Singh, Agriculture Minister, M Venkaiah Naidu, Urban ...
India, Myanmar discussing procurement of pulses
The Dollar Business Bureau The Indian government is discussing long-term plans to procure pulses from Myanmar due to its shortage in the country and increased domestic prices. Union Commerce Minister Nirmala Sitharaman said that the governments of both the countries are in talks for the import of pulses from Myanmar. India needs to import pulses from several other countries because of its high domestic consumption. Depending on the estimated requirement of pulses this year, the government has begun discussions with the Myanmar government. India can import pulses through government agencies to have sufficient stock of pulses, the minister said during her visit to Myanmar. She said that the import of pulses from Myanmar would curb speculations on its shortage and put them all ...
