-Business Standard Since wheat export was banned on May 13, the government has been cracking down on exporters who are waiting to have their orders cleared on the basis of invalid LCs Serving a warning to unscrupulous wheat exporters, the government on Monday said if after a probe it was found they had issued post-dated letters of credit (LCs), they would be proceeded against under the Foreign Trade Act. It can take help...
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Wheat Shouldn't Go The Way Of Covid Jabs: India Calls Out West On Exports
-PTI/ NDTV.com Global food crisis: At the high-level meeting, India spoke about the issue of the wheat export ban for the first time in the UN since its May 13 announcement. United Nations: Calling out the West, India on Wednesday said that food grains should not go the way of the Covid-19 vaccines as it voiced concern over hoarding and discrimination amid the "unjustified increase" in food prices. It stressed that its decision...
More »India relaxes wheat export ban -Aparna Banerjea
-BusinessToday.in Allows wheat consignment already registered with customs prior to the order. The Indian government on Tuesday announced some relaxation to its earlier notified ban on wheat exports issued by Directorate General of Foreign Trade (DGFT), Department of Commerce. In a fresh notification, the Ministry of Commerce stated, "It has been decided that wherever wheat consignments have been handed over to Customs for examination and have been registered into their systems on or...
More »To control domestic prices, India bans wheat exports with immediate effect -Harpreet Bajwa
-The New Indian Express However, the export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of this notification will be allowed, DGFT said in a notification dated May 13. CHANDIGARH: With the Russia-Ukraine conflict disrupting global wheat trade and the procurement of wheat dipping down this year due to hosts of reasons and the prices of wheat flour (Atta) is an all time high...
More »Windfall for sugar mills as Centre allows export of alcohol-based sanitiser -Virendra Singh Rawat
-Business Standard Hit by the slump in sugar demand following lockdown and consequent subdued realisations, mills have run up huge farmers' outstanding pertaining to the current sugar season 2019-20 Lucknow: Unlocking an additional revenue stream for the beleaguered domestic sugar sector, the Central government has allowed the export of alcohol-based hand sanitizer, a commodity in high demand globally in the fight against Covid-19. On May 6, the Centre banned the export of the...
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