India raised the base import prices of gold, crude and refined palm oil, the government said in a statement on Tuesday, as prices rose in the world market. The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate the amount of tax an importer … Read more
Price hike in cooking gas, edible oils, fuel, and other raw materials has prompted. Hoteliers and restaurant owners in. Bangalore to increase the price of food items by in next week. PC Rao, president of the Bangaluru hotels association informed India Express that the price of food items at restaurants and eateries will increase by … Read more
India is likely to lower the effective import duty on edible oils to provide some respite to households from rising prices. The government is considering reducing the effective import duty, which includes cess and other charges, on crude palm, soya and sunflower oil to 24.75% from 30.25% and on refined palm and soya oil to … Read more
NEW DELHI: India’s retail inflation may stay elevated for at least three more months after hitting a six-year high in October, as excess rain has damaged standing crops and seedlings, while edible oils that the country imports have become expensive. The high prices are a particular cause of concern for India’s hundreds of millions of … Read more