Question
Recently Indian government raised the import duty on
wheat to _______ from 30% as domestic prices had dropped, to discourage cheaper wheat imports?Solution
India raised the import duty on wheat to 40% from 30% as domestic prices had dropped, to discourage cheaper wheat imports. But to curb increasing domestic wheat prices that might accentuate inflationary pressures, the Centre will scrap the 40% import duty on wheat soon.
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