New Delhi: The government’s concern over rising pulses prices has risen sharply. Now it has decided to reduce the import duty to reduce their prices. The government has decided to reduce the import duty to increase the availability of pulses in the domestic market. As part of its first step, the government has reduced the import duty on lentils by 20 per cent.
Reduced import duty on lentils
According to PTI news, U.S. Import duty on pulses from other countries has been reduced from 30 per cent to 10 per cent. The duty on pulses imported from the US was earlier 50 per cent but has now been reduced to 20 per cent. Earlier in June, the government had reduced the duty on pulses imports from countries other than the US to 10 per cent. In the case of pulses coming from the US, the duty was reduced from 50 to 30 percent.
India is the largest importer of pulses
India is the largest consumer and importer of pulses. But the price of pulses here is rising rapidly after the lockdown. So far, prices of all types of pulses have risen by about 30 per cent. Pulses prices have risen by 20 to 30 per cent over the same period last year. Retailers in the Delhi-NCR market are raising prices citing low production of pulses. The price of pulses has gone up by Rs 15 to Rs 20 per kg for some time now. Last year, the price of chickpeas was Rs 70-80 per kg, but this time it has gone up to over Rs 100. Adad dal is being sold at Rs 100 per kg.