-The Economic Times The government has decided to lift the ban on cotton exports from Monday, just a week after imposing it, buckling under pressure from farmers, traders and politicians. "Keeping in view the facts, the interests of farmers, industry and trade, a balanced view has been considered by the group of ministers to roll back the ban and a formal order will be made public on Monday by the government," Commerce...
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India defers decision on cotton export ban
-Reuters India will keep a controversial ban on its cotton exports for now after ministers failed to agree its fate on Friday, even after top buyer China had criticised the move, which boosted global prices. Indian exporters, who have some 2.5 million bales outstanding for overseas sales, are left with the limited consolation of shifting a maximum of 500,000 bales that have already been cleared by customs. "The meeting was inconclusive. Further discussion...
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-The Indian Express Banning cotton exports hurts the farmer, signals India as an unpredictable supplier to the world Two days after the Commerce ministry imposed a sudden ban on cotton exports, there are indications the government is preparing grounds for a facesaver. In all likelihood, a limited window may be opened at least for allowing exports for which registration certificates have already been issued by the Directorate General for Foreign Trade. Finance...
More »Andhra Pradesh plans 67,000-cr Agribusiness zone
-The Economic Times After emerging as one of the pioneers in the investment regions of petroleum products and information technology, Andhra Pradesh is now weighing the benefits of promoting an Agribusiness Investment Region (ABIR) involving major agri clusters in three of its geopolitical regions. The proposed ABIR project in Andhra Pradesh, to be taken up in a public private partnership (PPP) model, involves setting up an integrated infrastructure for rural business and...
More »Govt to set up more rice mills in rural areas
-Statesman News Service The state food department will set up rice mills on the public-private partnership (PPP) model at 158 blocks of the state. Chief minister Mamata Banerjee has initiated the process to avoid any further problem in rice procurement. The crop production was high this year, but due to dearth of rice mills the state food department initially faced problem in the procurement process. State food minister Jyotipriya Mullick said: "We...
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