The Congress on Saturday hit out on the authorities over the ban on the export of wheat, saying it was an “anti-farmer” measure because it deprives farmers of reaping the good thing about increased export costs. In response to an official notification, India has banned wheat exports with rapid impact as a part of measures to manage rising home costs.
Requested in regards to the authorities’s transfer at a press convention on the second day of the Congress’ ongoing ‘Chintan Shivir’ right here, senior chief and former finance minister P Chidambaram stated, “I presume that it’s as a result of the central authorities has failed to acquire sufficient wheat. It isn’t that wheat manufacturing has come down, it is kind of the identical. In truth, it could be marginally extra.”
‘No want for ban’
Chidambaram stated that on Friday, a Chhattisgarh minister had informed him that the federal government there had procured 97 lakh tonnes of paddy. If procurement had taken place, there wouldn’t have been any have to ban the export of wheat, he stated.
“However let me add, banning the export of wheat is an anti-farmer measure. It deprives the farmer of reaping the advantages of upper export costs. It’s an anti-farmer measure and I’m not stunned, this authorities has by no means been very pleasant to the farmer,” Chidambaram stated.
The Directorate Common of Overseas Commerce (DGFT) stated in a notification dated Might 13, “The export coverage of wheat is prohibited with rapid impact.” Nonetheless, the export shipments for which irrevocable letters of credit score (LoC) have been issued on or earlier than the date of this notification will likely be allowed, the DGFT stated.
Might 14, 2022