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Consider the following statements:
1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years.
2. The Government does not impose any customs duty on all the imported edible oils as a special case.
Which of the statements given above is/are correct?
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Indian contributes around 10% of world production in oil seeds industry. The demand of edible oils is significantly higher than the domestic production which is matched though imports which constitute about 60 % of the total requirement. Statement 1 is correct.
(extracted from oilseeds in addition to palm oil) is significantly higher than the domestic production, leading to dependence on imports (60% of requirement). Statement 2 is not correct.
Government imposes customs duty on edible oils to safeguard the interests of domestic oil crushing industry. The duty on two major edible oils, namely crude sunflower seed oil and crude canola/rapeseed/mustard is 25 per cent, while crude soyabean oil attracts 30 per cent duty.
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The FICCI Ladies Organization industrial park is the country’s first of its sort This park was built on 50 acres of land in Sultanpur, which is near Patancheru. It was made with investment of?
Rs 250 crore
Rs 350 crore
Rs 50 crore
Rs 255 crore
The FICCI Ladies Organization industrial park is the country’s first of its sort This park was built on 50 acres of land in Sultanpur, which is near Patancheru. It was made with a Rs 250 crore investment. Female entrepreneurs are already expressing a strong desire to launch and operate their businesses at this park.
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India’s First fully owned by women industrial park in which city?
Mumbai
Dehli
Hydrabad
Jalandhar
India‘s first fully owned by women industrial park opened its doors in Hyderbad. The park, that is promoted by the FICCI Ladies Organization – FLO in collaboration with the State government, consists of 25 units which represent 16 different sectors of green category, and all of them are owned and controlled completely by women.
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