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
In the Nikki Yadav Murder Case, the Crime Branch of Delhi Police is engaged in uncovering the sec
'India' vs 'Bharat' is being discussed the most in the country at present. First, 'President of I
Taliban: The cruel face of the Taliban came to the fore again, 20 people were flogged in public
Vandalism has continued since the Taliban regime in Afghanistan. Twenty people were publicly flog
Punjab Kings suffered a crushing 8-wicket defeat at the hands of Royal Challengers Bangalore in t
Defense Minister Rajnath Singh has said that not only adequate financial resources are necessary
A fire broke out at the coaching center in the Mukherjee Nagar area of Delhi. 11 vehicles of Damk
Prime Minister Narendra Modi has flagged off Vande Bharat from Katra railway station to Srinagar.
Makar Sankranti 2024: In Hindu religion, the fasts and festivals that occur every month have spec
Pakistan is very upset after the action taken by India against terrorists on 7 May, and this is t
Shahenshah of Bollywood Amitabh Bachchan is active in the world of cinema even at this stage of h
