Latest news with #Halder
The Print
3 days ago
- Business
- The Print
Relief for households as edible oil prices set to dip after import duty cut
For families battling rising food bills, the impact may be felt soon in 'Kirana' (grocery) shops and supermarkets. 'The edible oil prices that had surged by nearly 17 per cent in recent months are finally showing signs of cooling. We expect it to ease into single digits very soon,' Emami Agrotech director and CEO Sudhakar Rao Desai told PTI. Kolkata, Jun 2 (PTI) In a respite to households, the prices of cooking oils are expected to fall by 5–6 per cent at the retail level over the next two weeks following the central government's decision to reduce import duty on crude edible oils by 10 per cent, officials said on Monday. While the benefit is expected to reflect in retail prices in about a fortnight, the wholesale markets are already showing early signs of softening prices, the executive from the leading branded edible oil manufacturer in eastern India said. The price correction will not be limited to imported oils alone. 'Even mustard oil, which is not dependent on imports, could see a 3–4 per cent reduction due to the overall downward pressure in the edible oil market,' Desai added. Behind the scenes, the policy shift is also giving a fresh lease of life to India's edible oil refining industry. The widened gap between crude and refined oil duties—from 12.5 per cent to 22.5 per cent—has made it significantly more cost-effective for companies to import crude oil and refine it domestically. 'The 10 per cent duty cut is a game-changer,' said Keshab Kumar Halder, Managing Director of Halder Venture Ltd. 'Domestic retail prices of imported edible oils such as soybean, sunflower, and palm oil are expected to decline gradually. This downward trend is also likely to extend to domestically produced oils like rice bran and mustard oil,' the chief of the publicly listed agro firm said. 'It not only helps consumers but also strengthens the position of Indian manufacturers who were losing out earlier due to unfair competition from duty-free re-exports from countries like Nepal,' Halder added. Indian refiners had been squeezed by high input costs and low margins, but the revised duty structure now offers them a clear competitive advantage, he explained. 'This will lead to better capacity utilisation, improved profit margins, and a stronger domestic refining ecosystem,' Halder said. Industry leaders estimate that capacity utilisation across the refining sector could rise by 20–25 per cent, boosting the central government's Make in India initiative and reducing dependence on imported refined oil. PTI BSM SBN SBN This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
3 days ago
- Business
- Time of India
Relief for households as edible oil prices set to dip after import duty cut
In a respite to households, the prices of cooking oils are expected to fall by 5-6 per cent at the retail level over the next two weeks following the central government's decision to reduce import duty on crude edible oils by 10 per cent, officials said on Monday. "The edible oil prices that had surged by nearly 17 per cent in recent months are finally showing signs of cooling. We expect it to ease into single digits very soon," Emami Agrotech director and CEO Sudhakar Rao Desai told PTI. For families battling rising food bills, the impact may be felt soon in 'Kirana' (grocery) shops and supermarkets. While the benefit is expected to reflect in retail prices in about a fortnight, the wholesale markets are already showing early signs of softening prices, the executive from the leading branded edible oil manufacturer in eastern India said. The price correction will not be limited to imported oils alone. "Even mustard oil, which is not dependent on imports, could see a 3-4 per cent reduction due to the overall downward pressure in the edible oil market," Desai added. Behind the scenes, the policy shift is also giving a fresh lease of life to India's edible oil refining industry. The widened gap between crude and refined oil duties-from 12.5 per cent to 22.5 per cent-has made it significantly more cost-effective for companies to import crude oil and refine it domestically. "The 10 per cent duty cut is a game-changer," said Keshab Kumar Halder, Managing Director of Halder Venture Ltd . "Domestic retail prices of imported edible oils such as soybean, sunflower, and palm oil are expected to decline gradually. This downward trend is also likely to extend to domestically produced oils like rice bran and mustard oil," the chief of the publicly listed agro firm said. "It not only helps consumers but also strengthens the position of Indian manufacturers who were losing out earlier due to unfair competition from duty-free re-exports from countries like Nepal," Halder added. Indian refiners had been squeezed by high input costs and low margins, but the revised duty structure now offers them a clear competitive advantage, he explained. "This will lead to better capacity utilisation, improved profit margins, and a stronger domestic refining ecosystem," Halder said. Industry leaders estimate that capacity utilisation across the refining sector could rise by 20-25 per cent, boosting the central government's Make in India initiative and reducing dependence on imported refined oil.
Time of India
4 days ago
- Business
- Time of India
Relief for households as edible oil prices set to dip after import duty cut
Good news for Indian households. Cooking oil prices are set to decrease. The central government has reduced import duties on crude edible oils. This decision will lead to a 5-6% drop in retail prices within two weeks. Wholesale markets are already showing signs of price softening. Mustard oil prices may also see a reduction. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads In a respite to households, the prices of cooking oils are expected to fall by 5-6 per cent at the retail level over the next two weeks following the central government's decision to reduce import duty on crude edible oils by 10 per cent, officials said on Monday."The edible oil prices that had surged by nearly 17 per cent in recent months are finally showing signs of cooling. We expect it to ease into single digits very soon," Emami Agrotech director and CEO Sudhakar Rao Desai told families battling rising food bills, the impact may be felt soon in 'Kirana' (grocery) shops and the benefit is expected to reflect in retail prices in about a fortnight, the wholesale markets are already showing early signs of softening prices, the executive from the leading branded edible oil manufacturer in eastern India price correction will not be limited to imported oils alone."Even mustard oil, which is not dependent on imports, could see a 3-4 per cent reduction due to the overall downward pressure in the edible oil market," Desai the scenes, the policy shift is also giving a fresh lease of life to India's edible oil refining industry. The widened gap between crude and refined oil duties-from 12.5 per cent to 22.5 per cent-has made it significantly more cost-effective for companies to import crude oil and refine it domestically."The 10 per cent duty cut is a game-changer," said Keshab Kumar Halder, Managing Director of Halder Venture Ltd "Domestic retail prices of imported edible oils such as soybean, sunflower, and palm oil are expected to decline gradually. This downward trend is also likely to extend to domestically produced oils like rice bran and mustard oil," the chief of the publicly listed agro firm said."It not only helps consumers but also strengthens the position of Indian manufacturers who were losing out earlier due to unfair competition from duty-free re-exports from countries like Nepal," Halder refiners had been squeezed by high input costs and low margins, but the revised duty structure now offers them a clear competitive advantage, he explained."This will lead to better capacity utilisation, improved profit margins, and a stronger domestic refining ecosystem," Halder leaders estimate that capacity utilisation across the refining sector could rise by 20-25 per cent, boosting the central government's Make in India initiative and reducing dependence on imported refined oil. PTI
Hans India
30-05-2025
- Politics
- Hans India
Two govt doctors approach Calcutta HC challenging 'arbitrary' postings
Kolkata: The West Bengal government on Friday was embroiled in yet another legal battle over the alleged arbitrary postings of three senior resident doctors by the state Health Department, with two of them approaching the Calcutta High Court to challenge the order. The petition filed by Debasish Halder and Asfaqulla Naiya has been admitted by the single-judge vacation bench of Justice Partha Sarathi Chatterjee. The tentative date of the first hearing in the matter is June 5. It is not yet clear whether Aniket Mahato, the third senior resident to allegedly become a victim of arbitrary postings like Halder and Naiya, will later become a party in the same case or will file a separate petition in the matter. All three of them were lead faces of the movement against the ghastly rape and murder of a junior woman doctor of state-R.G. Kar Medical College & Hospital in Kolkata within the hospital premises in August last year. While all three of them were given postings in far-off places, ignoring their first choice of postings during the counselling session on this issue, Halder was given a posting at a hospital that does not officially have any vacancy for senior residents currently. What was more intriguing was that while a total of 778 junior doctors attended the counselling session for allotment of postings as senior residents, only Halder, Mahato, and Naiya were selectively denied their first choice of postings. The West Bent Bengal Junior Doctor's Front (WBJDF), the umbrella body of junior doctors in the state spearheading movement against the R.G. Kar rape and murder tragedy, has announced that they would be behind Halder, Mahato, and Naiya in their legal battles against such arbitrary postings. The three senior doctors have explained that their complaint is not about their posting at far-off places but against the total lack of transparency in the posting allotment process. They also claimed that besides seeking justice for the R.G. Kar rape & murder victim, their demand was also total transparency in the medical administration system in the state.
Time of India
28-05-2025
- Time of India
Bangladeshi caught after years of travel on fake Indian passport
Ahmedabad: A Bangladeshi national was apprehended at Sardar Vallabhbhai Patel International (SVPI) Airport in Ahmedabad on Tuesday for allegedly obtaining an Indian passport through forged documents. The incident came to light on May 22 during immigration checks for an Indigo flight to Kuwait. Immigration officer Kuldeep Karmata, posted at Counter 12, flagged passenger Biplob Halder after suspecting irregularities in his documents. Halder presented an Indian passport with a West Bengal address. Upon questioning, Halder admitted to being a Bangladeshi citizen and provided evidence of his parents' Bangladeshi nationality, including national ID cards and a medical report from Bangladesh. Halder showed a digital copy of his Bangladeshi birth certificate issued from Subhadya Union Parishad in Dhaka. The certificate confirmed his place of birth as Dhaka and listed both parents as Bangladeshi nationals. The document was retrieved from Bangladesh's birth and death registration database. Further inquiry revealed that Halder arrived in India with his parents to live with relatives in West Bengal. He claimed that he obtained false Indian documents with the help of a local agent named 'Chhapan' in Guptipura. Using affidavits and false declarations, Halder obtained a birth certificate from Kalyani Municipality and later acquired an Aadhaar card, voter ID, PAN card, and Indian passport. In 2018, Halder used these documents to travel to Kuwait, where he stayed for six years. He returned to India in Feb 2025 and later went to Bangladesh, where he married a local woman. Upon returning to India, he attempted to travel back to Kuwait when he was intercepted. The documents, including the Indian passport, boarding pass, Bangladeshi IDs, and birth certificate, have been seized. Airport police registered a case of forgery under the BNS and Passport Act and started an investigation.
