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Cotton Exports to China under scanner

-The Hindu Even as the Director-General of Foreign Trade issued a fresh notification lifting the ban on cotton Exports, the government is set to launch a probe into the “self consignments,” mostly to China, and scrutinise the export receipt certificates (ERCs) to get to the root of the sudden spurt that caught it unawares. Though the government had registered 130 lakh bales for Exports, it was only last week that the alarm...

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India lifts ban on cotton Exports; enters riders to discourage overseas hoarding

-The Economic Times India has lifted the week old ban on cotton Exports following intense political protests, but stiff riders have been put in place to discourage overseas hoarding.  Exports will be allowed only of consignments that had been registered before the ban after scrutiny and revalidation to eliminate ``fictitious'' transactions while issue of fresh registration certificates has been put on hold. The group of ministers headed by finance minister Pranab Mukherjee,...

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A welcome rollback

-The Business Standard Cotton export ban was an example of poor policy The government’s sudden move to ban cotton Exports – rolled back in less than a week following anger from cotton farmers and adverse political fallout — reflects very poorly on its policy management. The commerce ministry clamped down on Exports without clear logic; prior consultations with other ministries concerned were also cursory or non-existent. Unsurprisingly, most players in the cotton...

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Government blinks, cotton export ban to go today

-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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The time is not ripe

-The Hindustan Times The UPA’s record of policy flip-flops endures. The latest instance is a ban on Exports of cotton that seems headed for revocation less than a week after it was announced. The commerce ministry’s line that India has exported more cotton this season than it can afford to without hurting consumption at home does not wash with partners of the ruling alliance or with the political bosses of cotton...

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