Nepal benefits from this policy of government, Indians suffer losses; The effect on the treasure also affects - Nepal gets benefits after India imposed zero import tax of the oil boom

In September last year, the central government imposed duty on the import of cooking oil from 27 to 35 percent. India has a South Asian free trade zone (SAP) agreement with Nepal. As a result, there is no duty to feed food oil from there. It may not pay taxes for importing these oils from other countries. Jagran Bureau, New -Delhi. Due to a policy of the central government, the edible oil industry of Nepal is rich, while Indian industries experience strict competition. The government is losing revenue and farmers do not receive a fair price for their crops. The Association for Food Oil industry has demanded government intervention. In fact, the edible oil tax imported from Nepal in India is free, while the oil from other countries is brought to 27 to 35 percent, which uses Nepal directly. After importing edible oils at cheap prices from other countries, minor processing is sent to India in Nepal. India does not receive income and farmers also suffer. Imports increased three times in a year, and the loss could be measured by the fact that one lakh 80 thousand tonnes of edible oils were imported from Nepal from January to March this year, while in 2024 only 60 thousand tons of oil were imported during these three months. This means that the import of edible oils from Nepal has increased almost three times in just one year. Due to the free trade agreement, a large amount of edible oil comes to India. The soy is refined. Farmers are affected by this. The central government, especially in light of the interests of soybean farmers and entrepreneurs related to the oil business of bundling, especially Madhya Pradesh, Uttar Pradesh, should prohibit other edible oils, including soy from Nepal with immediate effect. – Gyanesh Mishra, national president, Indian agricultural production delegation Nepal also has a monthly consumption of edible oil about 35 to 40 lakh ton. The question arises as to how the production of edible oils in Nepal suddenly increased so much that it exports to India after meeting its needs, while its domestic production is negligible. The impact on soybean farmers is actually, Nepal asks for service -free edible oil from other countries. It processes it moderately in his country and then delivers to India. It is slightly cheaper than Indian edible oils. As a result, the priority list of consumers increases. The maximum impact falls on soybean farmers and oil producers, because soybean oil from Nepal not only reaches the border Bihar-North, but also to Bengal, Odisha, Jharkhand and Delhi. Even further, the states of the South are also provided. Even in Madhya Pradesh, the most produced soybean, Nepal’s soy oil started selling. As a result, farmers also suffer losses. Vaibabhav Edibal Oil of Uttar Pradesh’s director of Vaibhav Edibal Oil says that many soy plants were either closed or the production came to a standstill due to edible oil imported from Nepal. He estimates that about 70 percent of soybean plants in the country have come to a standstill due to imports of soybean oil from Nepal. Also read: Nepal came close to Patna, Namo Bharat Train saves time with ease and every latest news and accurate information from the country and the world, every moment on your phone! Download now- Jagran app