Even after the instructions of the government, the prices of edible oil are not coming down. Regarding this, the government has written a letter to the three major edible oil associations asking them to reduce the price immediately and inform the Food and Public Distribution Department about it regularly.
In a letter to the Solvent Extractors Association of India, Vegetable Oil Producers Association of India, and Soybean Processors Association, it has been said that there has been a fall in edible oil prices globally. In such a situation, the industry associations should talk to their members and ensure the availability of edible oil to the consumers with reduced rates of at least Rs 15 per liter. On July 6, companies were instructed to reduce prices within a week.
Even after five days of the instructions of the government, many companies have not reduced the prices of edible oil. These companies include Adani Wilmar, Ruchi Soya, Kargil, and Alana. So far, only Liberty, Park Agro, and Mother Dairy have reduced prices.
Dependence on oil imports is not in the interest of the country
Heavy reliance on edible oil imports may compromise India's national interest in the long run. Rating and research firm CareAge said in a report, that it is now necessary for India to not only become self-reliant through self-confidence initiatives but also move forward by becoming the best. Self-reliance means being financially prudent as well as strategically savvy. A report said that due to the Russia-Ukraine crisis, major edible oil-exporting countries had banned the export of palm oil. In such a situation, India should increase the production of domestic oilseeds to reduce import dependence. However, it has been increasing in the last few years. Still, it is not being produced as much as it is consumed.
Also Read: Is Recession Coming: Is a recession like 2008 coming again in the world, what will be its effect on India?F
21 died in one day in Kanpur, UP, heart attack- brain stroke taking life, the severe cold became fatal
Winter In UP Due to the continuous falling temperature in the state, the number of heart disease and brain stroke patients in Kanpur reached 21 on Friday. In this, 19 patients were victims of a heart
Maharashtra Politics: Shinde captures Thane and Navi Mumbai, will Shiv Sena be able to save BMC?
Maharashtra Politics: Uddhav Thackeray is facing one big setback after the loss of power in Maharashtra. After Thane, Navi Mumbai Municipal Corporation, now many councilors of Kalyan Dombivli
Amit Shah: 'Saint Srimanta Sankardev had called for 'One India', which PM Modi is following,' Shah said in Assam.
Union Home Minister Amit Shah arrived in Assam on a one-day visit on Monday, where he inaugurated several development projects. He first inaugurated Batadrava, the birthplace of Vaishnavite saint
NEET: CBI takes big action in NEET paper leak case, raids seven places in Gujarat
Taking major action in the NEET paper leak case, the CBI today raided seven places in Gujarat. The CBI raided seven places in four districts of Gujarat, Anand, Kheda, Ahmedabad, and Godhra, on
Drug Seized in Mumbai: MD drugs worth Rs 1400 crore seized, five including a woman arrested
Mumbai Police has seized a large consignment of the narcotic drug mephedrone in the neighboring Palghar district. Its value has been stated to be Rs 1400 crore. Five accused have been arrested.
The Raja Saab on OTT: Prabhas to compensate for theatrical losses on OTT; when and on which platform can you watch the horror-comedy?
The horror-comedy film 'The Raja Saab', starring Prabhas, Sanjay Dutt, and Nidhi Agarwal, was released in theaters on January 9th. Fans had high expectations for this film starring South superstar
The controversy surrounding 'Toxic' is escalating; a social activist has filed a complaint against Yash's film with the CBFC and made this demand.
Kannada superstar Yash's highly anticipated film 'Toxic' is getting embroiled in one controversy after another. The 2-minute 51-second teaser of the film has already sparked outrage on social media
Kolkata: Fire breaks out at Netaji Subhash Chandra Bose International Airport, no casualties; Check-in and flight operations restored
A fire broke out at the Netaji Subhash Chandra Bose International Airport in West Bengal's capital Kolkata on Wednesday night. The airport official said that the airport 3C departure was located near
Canada Row: America expressed concern over diplomats leaving India, and said- the presence of a mission is necessary to resolve the dispute
America has expressed concern over Canadian diplomats leaving India. The US State Department said in a statement on Friday that the US expects India to abide by its obligations under the Vienna
PSEB 8th Result 2023: Today Punjab Board Class 8 Exam Results Announcement Possible, Marksheet Download at pseb.ac.in
Wait for Punjab Board 8th Result 2023. Big news for students-parents. Punjab School Education Board may announce the results of the class 8 annual examinations today i.e. Wednesday, 26 April 2023.
