Topic
policy review
Trade IVPA Seeks Policy Review as Refined Edible Oil Imports from Nepal Breach 8 Lakh Tonnes
The Indian Vegetable Oil Producers’ Association (IVPA) has urged the government to review trade policy after duty-free refined edible oil imports from Nepal under SAFTA surged from 47,295 tonnes in 2023 to over 8.04 lakh tonnes in 2025 – a 17-fold increase. IVPA warns that the trend is shifting refining activity outside India, affecting domestic capacity utilisation, investment, and farmer welfare, and calls for stricter Rules of Origin verification under CAROTAR.
India’s edible oil industry flags 17-fold surge in Nepal imports, seeks policy review
India’s edible oil imports from Nepal have surged more than 17-fold in two years, from 47,295 tonnes in 2023 to over 804,000 tonnes in 2025, according to the Indian Vegetable Oil Producers' Association (IVPA). The industry body is urging a comprehensive policy review under SAFTA, citing duty-free imports that are shifting refining activity outside India and causing an estimated customs revenue loss of ₹2,000–2,500 crore. IVPA President Sudhakar Desai called for stronger verification of Rules of Origin and a review of tariff structures to safeguard domestic value addition.
Ex-RBI Governor Raghuram Rajan and Two Other Indians Join US Federal Reserve Policy Review Panels
The US Federal Reserve has appointed former RBI governor Raghuram Rajan, Harvard economist Raj Chetty, and Microsoft executive Asha Sharma to separate task forces reviewing its monetary policy framework. The panels, announced by Chairman Kevin Warsh, will examine balance sheet policy, data quality, productivity and jobs, communications, and inflation frameworks. The appointments signal an effort to incorporate diverse expertise as the Fed reassesses its tools and methods.