• Rajasthan

    Cong 99
    BJP 73
    RLM 3
    OTH 24
  • Madhya Pradesh

    Cong 114
    BJP 109
    BSP 2
    OTH 5
  • Chhattisgarh

    Cong 68
    BJP 15
    JCC 7
    OTH 0
  • Telangana

    TRS-AIMIM 95
    TDP-Cong 21
    BJP 1
    OTH 2
  • Mizoram

    MNF 26
    Cong 5
    BJP 1
    OTH 8

* Total Tally Reflects Leads + Wins

Australia presses India for transition period on new pulses tariffs

By: | Published: December 29, 2017 11:07 AM

Australia is pressing India to allow a transition period for newly introduced tariffs on imported pulses to avoid any disruption to existing contracts or shipments in transit.

Australia, india, imported pulses, Steven Ciobo,  Australia exports, red lentil imports, chickpea, production of chickpeasIndia last week imposed a 30 percent tax on chickpea and red lentil imports, just a month after putting a 50 percent tariff on peas, to support local farmers. (Reuters)

Australia is pressing India to allow a transition period for newly introduced tariffs on imported pulses to avoid any disruption to existing contracts or shipments in transit. India last week imposed a 30 percent tax on chickpea and red lentil imports, just a month after putting a 50 percent tariff on peas, to support local farmers. Trade Minister Steven Ciobo said in a statement on Friday that he has asked his Indian counterpart for a period of transition for the tariffs on chickpeas and red lentils and was seeking a swift resolution. Australia exports about A$1.2 billion ($935 million) of the two pulses each year. Analysts estimate that India accounts about half of the shipments.The tariffs are a further blow for local farmers after Australia’s official commodities forecaster this month pegged production of chickpeas to fall nearly 50 percent in the current season due to adverse weather.

(More details are updated.)

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition