The government has decided to prolong the one-year import tariff exemption on lentils till March 2025

 The government has decided to prolong the one-year import tariff exemption on lentils till March 2025

The Statistics Ministry's statistics indicates that in November, the rate of inflation for pulses was 20 percent.

The administration has stabilized the prices of staples such as rice, sugar, legumes, vegetables, and edible oils via a number of administrative actions.

In response to ongoing high inflation, the Central Board of Indirect Taxes and Customs (CBIC) issued an order on December 22 extending by a year the refund offered on masoor dal.

Unlike the prior announcement of March 31, 2024, this relaxation will now take effect from October 20, 2021, and run until March 31, 2025.

In November, food inflation in India increased to 8.7% from 6.61 percent in October. The Statistics Ministry's statistics indicates that in November, the rate of inflation for pulses was 20 percent.

The government has been quite concerned about the high inflation of food. The Center has already extended the PM Garib Kalyan Anna Yojana, a free grain distribution program that gives impoverished households access to five kg of grain per month, by five years, till 2028.

Furthermore, a number of administrative actions have been made to stabilize the pricing of necessities such as rice, sugar, pulses, vegetables, and edible oils.

The Ministry of Consumer Affairs has supplied statistics indicating that although there hasn't been any inflation in Masoor Dal, the retail price has decreased by 1.4% on an annual basis and 0.97 % on a monthly basis. A top government official claims that this action has been taken by the government. "To bring down the overall prices of pulses as the prices move together for all."

"Our goal is to bring down the cost of all pulses, but particularly tur. Tur inflation will decrease if more pulses become available, the official said.

Because of the decline in local output, tur prices remained high last year. The government's actions are beginning to have an effect, however, as on December 18 tur prices dropped from Rs 156.5 per kilogram to Rs 154.

In order to promote commerce, the government removed port limitations and minimum import prices on December 8, exempting yellow peas (tur) from import duties till the end of current fiscal year.

Due of erratic weather patterns, the Center anticipated shortages this year; thus, in January, it extended the duty-free import regime for tur and urad until March 31, 2024.

Furthermore, on June 2, the authorities restricted the amount of tur and urad that dealers may retain in stock. In an effort to stop price increases, the government then released tur from the national buffer supply.

The government introduced chana dal, marketed as "Bharat Dal," at discounted rates of Rs 60 per kg nationwide in an effort to increase consumption among those unable to pay for pricey arhar or toor dal.