India imposes 30% import tax on chickpea, red lentils to support farmers

This comes as the prices of both commodities are trading below the government-set levels in the local market

India imposes 30% import tax on chickpea, red lentils to support farmers
Reuters Mumbai
Last Updated : Dec 21 2017 | 4:00 PM IST

India imposed a 30 per cent tax on import of chickpea and red lentils, the government said in a statement on Thursday, as the world's biggest importer of pulses tries to support local farmers.

This comes as the prices of both commodities are trading below the government-set levels in the local market.

The south Asian country imports chickpea mainly from Australia, Russia, and Tanzania, while red lentils, also known massor, from Canada and the United States.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 21 2017 | 3:59 PM IST

Next Story