Diplomacy

India may impose anti-dumping duty on Phthalic Anhydride imported from China, Indonesia, South Korea and Thailand, based on an application filed by IG Petrochemicals Limited, SI Group India Private Limited and Thirumalai Chemicals. The Directorate General of Trade Remedies under the commerce and industry ministry, has recommended duty between $40.08- 140.17 per MT on the imports of the chemical intermediate used in the plastic industry.

Early next month, the Income Tax Department is expected to launch a new e-filing web portal for taxpayers, to file routine ITRs and other tax-related tasks, according to officials.

To achieve self-sufficiency in the production of oilseeds, the Ministry of Agriculture and Farmers Welfare has adopted a multi-pronged strategy. Under the strategy, the Government of India has approved an ambitious plan for the free distribution of high yielding varieties of seeds to the farmers for the Kharifseason 2021 in the form of mini-kits.The special Kharif programme will bring an additional 6.37 lakh hectare area under oilseeds and is likely to produce 120.26 lakh quintals of oilseeds and edible oil amounting to 24.36 lakh tonnes.

PM Narendra Modi chaired a high level meeting on the issue of fertiliser prices. A detailed presentation was given to him on the issue of fertiliser prices.

Procurement of Wheat in ongoing RMS2021-22 is continuing smoothly in the procuring States of Uttar Pradesh, Madhya Pradesh, Bihar, Rajasthan,Delhi, Himachal Pradesh and Jammu & Kashmir at MSP, as was done in previous seasons and till now (upto17.05.2021) a quantity of over 373.51 LMT of Wheat has been procured against the last year corresponding purchase of 300.58 LMT. About38.22Lakh farmers have already been benefitted from the ongoing RMS procurement operations with MSP value of Rs. 73,768.74Crore.