New Delhi is set to maintain current import duties on pulses. The government will also extend the duty-free period for tur and urad.
Key takeaways
Quick scan — what you need to know:
- New Delhi is set to maintain current import duties on pulses.
- The government will also extend the duty-free period for tur and urad.
- This move aims to prevent price increases.
- Officials anticipate an El Nino affecting monsoon rainfall.
Background
What led here, in plain terms:
- Production of tur and urad is expected to decline.
- This could lead to higher prices and food inflation.
- New Delhi is set to maintain current import duties on pulses.
- The government will also extend the duty-free period for tur and urad.
Why it matters
Why readers and decision-makers should care:
- This move aims to prevent price increases.
- Officials anticipate an El Nino affecting monsoon rainfall.
- Production of tur and urad is expected to decline.