National Mission on Edible Oil-Oil Palm
On 18th August, 2021, the Union Cabinet, gave its approval to launch a new Mission on Oil palm to be known as the National Mission on Edible Oils – Oil Palm (NMEO-OP) to maximize cultivation and production of palm oil in India.
The new scheme will subsume the current National Food Security Mission-Oil Palm program.
Objective
- To harness domestic edible oil prices.
Need
Heavy Dependence on Import
- India consumes about 25 million tonnes of edible oils but domestic production is only about 10.5 million. Thus, India imports about 58% of its consumption.
- Due to heavy dependence on imports for edible ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Indian Agriculture: Initiatives & Achievements
- 2 Anti-dumping Duties
- 3 Framework for Rating of Properties for Digital Connectivity
- 4 SEBI Launches Securities Market Hackathon
- 5 Financial Conditions Index (FCI)
- 6 BSE Insurance Index
- 7 e-National Agriculture Market (e-NAM)
- 8 Maharashtra Grants Agricultural Status to Livestock & Poultry Farming
- 9 Multi Commodity Exchange Clearing Corporation Limited (MCXCCL)
- 10 IRDAI Forms Investigation Panels to Probe Regulatory Breaches
