Talking to reporters on the sidelines of a function in Kollam, he said even though rainfall was likely to be less than normal, food production would be much higher.
India will impose an import duty of 10 percent on wheat until March 31 next year, Finance Minister Arun Jaitley said on Friday.
Finance Minister Arun Jaitley today proposed to significantly relax the Foreign Direct Investment policy in several sectors, including the food processing industry.
Reportedly, it is speculated that the budget may initiate scrapping sugar cess and hike tax rates on fast food and sugary beverages.