The government has decided to raise customs duty on the import of refined palm oil from Malaysia to 50% from 45% for six monthsImports of refined palm oil from Malaysia increased from 626,362 MT in 2016-17 to 2,596,225 million tonnes in January-June 2019
2 min read6 Sep 2019Imports of soft oils are bound to increase at the cost of palm oil, according to Atul Chaturvedi, president of industry body Solvent Extractors Association of India
2 min read5 Mar 2018An official says India is likely to raise import duty on refined and crude vegetable oils, like palm and soyoil, as local oilseed prices slumped below the MSP
1 min read29 Jun 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared