Govt drops plan to hike wheat import tax to 40%; traders say decision implies crop could be lower than forecast

Govt drops plan to hike wheat import tax to 40%; traders say decision implies crop could be lower than forecast Reuters India has dropped a plan to double a wheat import tax to 40 percent, in a sign it expects imports to make up for a shortfall in domestic production The post Govt drops plan to hike wheat import tax to 40%; traders say decision implies crop could be lower than forecast appeared first on Firstpost. India