BusinessIndia Cuts Import Duty on Edible Oils Ahead of Festivals
The Indian government has reduced the basic customs duty (BCD) on crude edible oils, including palm oil, to ease rising global prices ahead of the festival season. This move aims to lower edible oil costs for consumers. However, oil palm farmers and some groups oppose the cut, fearing it may hurt domestic producers. The government has urged firms to pass these duty cuts directly to consumers.
The Hindu·


