Vol. 3 No. 1: April 2008
The Government is under tremendous pressure to rein in prices. It has announced a number of anti-inflationary measures like scrapping of import duty on crude edible oils, reducing import duties on all refined edible oil, extending the ban on exports of non-basmati rice and pulse etc. To curb inflation, the Government has withdrawn Duty Entitlement Pass Book Scheme (DEPB) benefits on items such as cement, steel, manganese and ferro-chreme to improve the supply situation in the domestic market. All sops on exports of steel have been withdrawn. Despite high growth of economy, agriculture sector lacks public investment. It is 1.5% of GDP and there is urgent need to slip up in investment in agriculture and enhancing the marketing facilities of agricultural products.
Published:
01-05-2008
