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Branded palm oil, sunflower oil, soybean oil makers to cut prices by up to Rs 15 per litre

Branded edible oil makers have reduced the prices of palm oil, soybean oil, and sunflower oil, bringing some relief to consumers.

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Every year, India imports around 13.5 million tonnes of edible oil.

Branded edible oil makers have reduced the prices of palm oil, soybean oil, and sunflower oil, bringing some relief to the people. Consumers who have been reeling under inflationary pressure can breathe a sigh of relief as international prices have softened.

According to the report, palm oil prices have dropped by Rs 7-8 per litre, soybean oil and sunflower oil have seen a fall of Rs 5 per litre and Rs 10-15 per litre, respectively.

Sudhakar Rao Desai, president of the Indian Vegetable Oil Producers Association, said prices have dropped, prompting distributors to stock up ahead of expected demand. The fall in edible oil prices will also have an impact on food inflation, a major part of which comes from edible oils. In May, the edible oil and fat category witnessed 13.26% inflation, owing primarily to an increase in domestic edible oil prices in the past one year.

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India is the world’s largest importer of palm oil, and its demand is met primarily by Indonesia and Malaysia. Every year, India imports around 13.5 million tonnes of edible oil, of which 8-8.5 million tonnes (almost 63%) is palm oil. Every year, India imports about 4 million tonnes of palm oil from Indonesia. However, Indonesia put a ban on palm oil exports in April but later lifted the restriction on May 23.

Gemini Edibles & Fats, based in Hyderabad, had reduced the maximum retail price (MRP) of its Freedom Sunflower Oil by Rs 15 to Rs 220 for a one-litre pouch in the last week. This week, the company will slash the price by another Rs 20 to Rs 200 a litre.

The ban on palm oil imports led to the price hike in food products, cosmetics, detergents, biofuels, biscuits, noodles, shampoos, soaps, margarine and chocolates. As a result, any increase in palm oil prices will raise input costs in these industries.

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India News

Blasts outside defence establishments in Punjab within 2 hours trigger security alarm

Two explosions near defence-linked locations in Punjab within two hours have triggered alarm and heightened security across the state.

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Two explosion incidents reported within a span of around two hours near key defence-linked locations in Punjab have raised serious security concerns and triggered political reactions.

The first incident took place near the Border Security Force (BSF) headquarters in Jalandhar, where a blast involving a delivery scooter was reported in a populated area. The proximity of the explosion to a sensitive security installation immediately drew the attention of authorities.

Shortly after, another blast was reported near a military-linked area in Amritsar, further heightening concerns over security preparedness in the border state. Police and security agencies responded swiftly, deploying bomb disposal squads and forensic teams at both locations.

Officials confirmed that no casualties were reported in either incident. However, the back-to-back nature of the explosions caused panic in nearby areas and prompted authorities to place the state on high alert.

Political leaders reacted strongly, questioning the handling of security and pointing to possible lapses. They urged authorities to take preventive steps to avoid such incidents in the future.

Punjab, being a strategically important border state, remains sensitive to such developments. Investigations are currently underway to determine the cause of the explosions and whether there are any links between the two incidents.

Security has been tightened around key installations, with agencies assessing whether the blasts were isolated events or part of a broader threat.

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India News

Retired bureaucrats appointed by Mamata Banerjee barred from Bengal offices ahead of BJP government formation

Retired bureaucrats appointed under Mamata Banerjee have been barred from government offices as West Bengal prepares for a BJP-led administration.

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In a significant administrative development following the West Bengal Assembly election results, several retired bureaucrats appointed during the tenure of Mamata Banerjee have reportedly been barred from entering state government offices.

The decision comes at a time when the Bharatiya Janata Party is preparing to form its first government in the state after securing a decisive mandate. The move is seen as part of the transition process as the outgoing administration makes way for the incoming regime.

Officials indicated that the restrictions apply specifically to retired personnel who had been given contractual or advisory roles under the previous government. These individuals have now been asked not to access offices or handle official work.

The development follows a broader directive issued by the state administration to ensure that no official documents or records are removed, damaged, or tampered with during the transition period. Authorities have emphasised strict accountability, placing responsibility on departmental heads to safeguard files and maintain proper records.

The political backdrop to this move is the sweeping victory of the BJP in the 2026 West Bengal elections, marking a major shift in the state’s political landscape after years of Trinamool Congress rule.

With the new government expected to take charge soon, administrative reshuffling and tightening of access to government infrastructure are being viewed as measures to ensure a smooth and transparent handover of power.

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Vijay expresses gratitude to Modi, Rahul Gandhi for congratulatory messages after poll victory

Vijay thanked PM Modi and Rahul Gandhi after his party’s strong Tamil Nadu poll performance, promising governance focused on public welfare.

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Actor vijay

Actor-turned-politician C. Joseph Vijay has thanked Prime Minister Narendra Modi and Congress leader Rahul Gandhi for congratulating him on his party’s strong performance in the Tamil Nadu Assembly elections 2026.

Vijay, who leads the Tamilaga Vettri Kazhagam (TVK), acknowledged the wishes shared by both leaders following the party’s impressive electoral debut, which has significantly altered the political landscape of Tamil Nadu.

Responding to the Prime Minister on social media platform X, Vijay said that his party’s focus would remain on public welfare and development. He emphasised that governance should rise above political differences and aim at improving the lives of the people.

“The well-being of our people remains our only goal… we shall focus on the state’s progress and welfare,” he said, while also expressing hope for support from the Union government in achieving these objectives.

The TVK has emerged as a major political force in the state, breaking the long-standing dominance of traditional parties and marking a major shift in Tamil Nadu’s political dynamics.

According to early developments, the party has staked claim to form the government and may seek additional support if required to prove its majority in the assembly.

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