Masoor Dal Price: Dal will not disappear from the plate of the poor, Modi government has taken a tremendous step, you will be shocked to hear this

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Masoor Dal Price: Arrangements are being made on a large scale by the Central Government to control the rising inflation in the country. For this, on one hand the Reserve Bank has kept its interest rates stable since February. At the same time, the government has banned the import of rice, onion etc. to increase domestic availability. Meanwhile, another big news is coming. The central government has taken a big decision to control the prices of lentils. The Government has extended the timeline of the currently effective zero import duty on masoor dal (lentils) till March, 2025 to ensure steady supply of the major masoor pulse from the international market and keep domestic prices under control. However, the government has not increased the existing import duty structure on three crude edible oils – palm oil, soybean oil and sunflower oil. According to the notification of the Finance Ministry, the exemption of 10 percent agro-infrastructure cess along with zero import duty on lentils has been extended till March 2025. This discount on lentils was valid till March 2024.

Government wants stability on import policy

Consumer Affairs Secretary Rohit Kumar Singh said that the production of some pulses is not as much as we consume. To maintain the stability of the import policy, the existing exemption on lentils has been extended till March 2025 so that the farmers of the producing countries can get a clear signal from India and can plan their sowing. The basic import duty on lentils was reduced to zero in July, 2021, while 10 percent agri-infrastructure cess was exempted in February, 2022. Since then, it has been extended several times and is currently valid till March, 2024. A finance ministry official said the notification is only to extend the exemption of zero duty and agri-infrastructure cess for lentils and not for the three crude edible oils. India is the world’s largest pulse producer and importer. During the financial year 2022-23, India had imported 24.96 lakh tonnes of pulses.

Decrease in India’s imports

According to government data, India’s imports declined by 4.33 percent to $ 54.48 billion in November, whereas it was $ 56.95 billion in November 2022. The country’s trade deficit stood at $20.58 billion in November. In the April-November period of the current financial year 2023-24, exports declined by 6.51 percent to $ 278.8 billion. At the same time, imports during this period fell by 8.67 percent to 445.15 billion dollars. Commerce Secretary Sunil Barthwal said that despite the global recession, India’s exports have been good. Due to decline in oil imports, imports declined by 8.67 percent to $445.15 billion during this period. Oil imports declined to $113.65 billion in April-November, which was $139.29 billion in the same period last year. Trade deficit, i.e. the difference between imports and exports, stood at $166.35 billion in April-November, which was $189.21 billion in the same period last year. Commerce Secretary Sunil Barthwal said while talking to reporters that India’s exports have been good considering the challenges at the global level.

,with language input,

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