India: GOI Budget 2018-19 – Agricultural Highlights

On February 1, 2018, the Indian Minister of Finance presented the Union Budget for fiscal year 2018/19 (April/March) that focused on strengthening the agricultural and rural economy through measures designed to generate higher incomes for farmers. Major policy announcements were made on bolstering farm produce prices and improving the marketing infrastructure. Tariffs on several imported agricultural products, including, fruit juices, crude and refined edible vegetable oils and food manufacturing ingredients were increased and an additional levy of 10 percent of the aggregate import duty was proposed as a Social Welfare Surcharge.  

India: GOI Budget 2018-19 – Agricultural Highlights