The Indian government has recently announced an extension of duty-free imports of urad and yellow peas until March 31, 2026, in a move to address the domestic production shortfall. This decision comes as a relief for farmers and consumers alike, as it will ensure a steady supply of these essential commodities in the market.
Urad and yellow peas are important crops in India, with urad being a staple in many households and yellow peas being a key ingredient in various dishes. However, in recent years, the production of these crops has been affected by various factors such as adverse weather conditions and pest attacks. This has led to a shortage in the market and an increase in prices, causing inconvenience to both farmers and consumers.
In order to tackle this issue, the government had initially allowed duty-free imports of urad and yellow peas in 2017, for a period of five years. This move was aimed at increasing the availability of these crops in the market and stabilizing their prices. The decision proved to be beneficial, as it helped bridge the demand-supply gap and provided relief to consumers.
Now, with the extension of this policy till 2026, the government has once again shown its commitment towards ensuring the availability of essential commodities for its citizens. This move will not only benefit consumers, but also farmers who have been struggling with low production and fluctuating prices. The duty-free imports will provide them with an alternative source of income and help them cope with the challenges faced in agriculture.
Moreover, this decision will also have a positive impact on the overall economy. With a steady supply of urad and yellow peas, the prices of other related commodities are also expected to stabilize, providing relief to the common man. It will also boost the food processing industry, which heavily relies on these crops for its products.
The government’s decision to extend duty-free imports of urad and yellow peas also reflects its efforts towards promoting international trade and strengthening ties with other countries. It sends a positive message to the global community, showcasing India’s willingness to collaborate and engage in mutually beneficial trade practices.
Furthermore, this move is in line with the government’s vision of doubling farmers’ income by 2022. By providing them with alternate sources of income and ensuring a stable market for their produce, the government is taking significant steps towards achieving this goal.
It is also worth noting that the extension of duty-free imports is a well-thought-out decision, with a careful consideration of all factors. The government has taken into account the concerns of domestic producers and has put in place measures to ensure that their interests are not compromised. This includes a safeguard duty on urad and yellow peas imports, which will be applicable if the imports exceed a certain threshold.
In conclusion, the government’s decision to extend duty-free imports of urad and yellow peas till 2026 is a welcome move that will benefit all stakeholders. It is a clear indication of the government’s commitment towards ensuring the welfare of its citizens and promoting a healthy and sustainable economy. With this policy in place, we can look forward to a steady supply of these essential crops and a stable market for their prices.
