The government has recently announced a one-year extension on the import duty exemption for tur and urad dal, extending the relief period until March 2025. This decision comes in response to the ongoing efforts to stabilize the pulses market and ensure food security.
The import duty exemption is a strategic move aimed at addressing the challenges faced by farmers and consumers alike. Tur and urad dal are essential staples in the Indian diet, and any disruption in their supply chain can have a significant impact on food prices and availability.
By extending the import duty waiver, the government aims to bolster domestic production while ensuring a steady and affordable supply of pulses. This initiative aligns with the broader goal of attaining self-sufficiency in food production and reducing dependency on imports.
Source:- news18
The decision reflects the government’s commitment to supporting the agricultural sector, especially in the context of pulses, which play a crucial role in meeting the nutritional needs of the population. Tur and urad dal are rich in proteins and essential nutrients, making them an integral part of the Indian diet.
Source:- ndtv
Additionally, this extension provides a sigh of relief for farmers engaged in the cultivation of tur and urad dal. It offers them a competitive edge by stabilizing prices and creating a conducive environment for agricultural activities. This move is likely to encourage farmers to increase their cultivation of these pulses, contributing to enhanced production levels.
The exemption extension also serves as a buffer against global market fluctuations that could impact the prices of imported pulses. By temporarily waiving import duties, the government aims to shield consumers from sudden spikes in prices and ensure the continued affordability of these essential food items.
Furthermore, the decision is expected to have positive implications for inflation control, as pulses often play a key role in influencing overall food inflation. The government’s proactive measures in this regard demonstrate a commitment to addressing both short-term challenges and long-term agricultural sustainability.
In conclusion, the one-year extension of the import duty exemption on tur and urad dal until March 2025 underscores the government’s dedication to fostering a stable and self-reliant agricultural ecosystem. This measure aims to support farmers, ensure food security, and mitigate the impact of global market dynamics on essential food commodities.
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