New Delhi,24/5:India is considering cutting an import levy on soybean and sunflower oils, another step in a series of measures the country has taken to cool surging local prices of food.
The government is deliberating whether to reduce the agriculture infrastructure and development cess, which is currently 5 per cent, or abolish it, according to a person familiar with the matter. A final decision may be taken this week, said the person, who asked not to be identified as the information is private. A finance ministry spokesperson was not immediately available to comment.pt.