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India puts on hold proposal to cut import duty on edible oils: Report

The world's biggest vegetable oil importer was considering reducing duties after domestic soyoil and palm oil prices more than doubled in the past year, hitting consumers already stung by record fuel prices and reduced incomes amid Covid-19.

Demand from bulk buyers like hotels, restaurants and bakeries had already dropped after authorities imposed local lockdowns in response to a devastating second wave of coronavirus infections over recent months, dealers said.(Representational image)
Published on Jun 17, 2021 01:24 PM IST
Reuters | , New Delhi/mumbai

AC imports plunge by 87% in January

Several Japanese AC manufacturers have raised this matter through their embassy but have been “advised” to set up facilities in India as these restrictions are part of the government’s Make In India policy, said the people cited above.

Air conditioners installed at a building in New Delhi
Updated on Mar 15, 2021 05:50 AM IST
ByRajeev Jayaswal, , New Delhi
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