MUMBAI: Indian government has raised its import tariff for chickpeas from 30 per cent to 40 per cent. The government said Tuesday in the Gazette of India the increased tariff is to be imposed immediately, with existing circumstances making it necessary. Chickpea prices have continued to fall over the last six months, according to reports out of the country. On Dec. 21 last year India imposed a 30 per cent tariff on imports of chickpeas and lentils, which had followed a 50 per cent tariff on pea imports on Nov. The Indian government has previously said it wants to reach self-sufficiency for pulses, though many analysts have said that isn’t possible as India relies on variable monsoon rains for its growing season. In January, Australia’s Agriculture Minister David Littleproud travelled to India to discuss the pulse import tariffs. He was able to reach an agreement with India to give Australia warning before placing future tariffs. Canadian Prime Minister Justin Trudeau is set to travel to India Feb. 17-23 to promote further trade and investment between the countries. There have not been any announcements on whether the trip will include discussions about the pulse industry, but the federal government has said it is working on the file.
DRI busts smuggling rackets, seizes 31kg gold
VIJAYAWADA: The Directorate of Revenue Intelligence (DRI) seized 31.5 kg gold worth 13.3 crore in the last three days. DRI...
