Edible oil firms have cut prices by 15-20%, says Food Secretary
The Hindu
‘Government reduced duty to almost zero’
In a relief for consumers, major edible oil companies, including Ruchi Soya and Adani Wilmar, have reduced the maximum retail price (MRP) of their products by about 15-20% following the measures taken by the government, Food Secretary Sudhanshu Pandey said on Thursday.
“This (edible oil prices) has been a concern for sometime and after very, very close engagement with the oil industry and very proactive measures by the government and meetings with oil industry, a very serious and significant reduction has happened,” Mr. Pandey said during a virtual conference.
During a presentation, he noted that, Ruchi Soya Industries had reduced retail prices on various oils by ₹14-₹30 per litre, Bunge India had lowered prices in the range of ₹10-₹20, Adani Wilmar, which sells Fortune brand of oils, had reduced priced by up to ₹40 and IFFCO Allana by up to ₹35.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.