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Oil price paradox: Why Modi govt is alarmed by edible oil prices but not petrol & diesel

Oil price paradox: Why Modi govt is alarmed by edible oil prices but not petrol & diesel
Samyak Pandey
New Delhi: Crude oil and edible oil have been the two main commodities driving up inflation in the country for the past few months. Their prices have risen sharply in the last six months, chiefly because of the high taxes that the government levies on them.
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While prices of petrol and diesel have breached the psychological Rs 100/litre mark in many cities, the rate of palm oil, the most imported edible oil in the country, has increased by over 60 per cent in the past year to Rs 138/kg as on 1 June 2021 from Rs 86/kg on 1 June 2020 its highest recorded price in the last 11 years. ....

New Delhi , Tarun Prashanth , Ramandeep Kaur , Siraj Hussain , Department Of Food , Ministry Of Petroleum , Extractor Association Of India , Chicago Board Of Trade , Indian Council , International Economic Relations , Negotiable Warehouse Receipt , Solvent Extractor Association , Bursa Malaysia , Chicago Board , Natural Gas , புதியது டெல்ஹி , அருண் பிரஷந்த , ராமண்டீப் காயார் , சிராஜ் ஹுசைன் , துறை ஆஃப் உணவு , அமைச்சகம் ஆஃப் பெட்ரோலியம் , பிரித்தெடுத்தல் சங்கம் ஆஃப் இந்தியா , சிகாகோ பலகை ஆஃப் வர்த்தகம் , இந்தியன் சபை , சர்வதேச பொருளாதார உறவுகள் , பேச்சுவார்த்தைக்குட்பட்டது கிடங்கு ரசீது ,

Farmer Protest Perspective: The Fight is No Longer Between the Good and The Bad, But Between the Corrupt and the Rapacious

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The farmers’ agitation has thrown up some rather perplexing questions. Unfortunately, until now, few have dared to articulate them. Politicians do not want to speak about such things because most of them have themselves been beneficiaries of corruption. So, when farmer leaders are accused of corruption, they cannot defend themselves. But, surely, they cannot submit to a more dangerous game being played?

The truth is a lot more complex. There is growing discomfort that few are willing to talk about the centre s culpability.

True, Agricultural Produce Market Committees (APMCs) are corrupt. But so is the Food Corporation of India (FCI) several times more. Yet, FCI is allowed to procure more grain than even the storage capacity in India (see chart). ....

Uttar Pradesh , Bo Xilai , Sharad Pawar , National Bank , Food Corporation Of India , Warehousing Development Regulation Act , Bharatiya Janata Party , Supreme Court , Department Of Food , Statutory Authority , Rural Development , Farmer Protest Perspective , Agricultural Produce Market Committee , Food Corporation , Western Uttar Pradesh , India Gazette Notification , Negotiable Warehouse Receipt , உத்தர் பிரதேஷ் , ஷரத் பவார் , தேசிய வங்கி , உணவு நிறுவனம் ஆஃப் இந்தியா , கிடங்கு வளர்ச்சி ஒழுங்குமுறை நாடகம் , பாரதியா ஜனதா கட்சி , உச்ச நீதிமன்றம் , துறை ஆஃப் உணவு , சட்டரீதியான அதிகாரம் ,