India bans wheat exports with immediate effect
PTI, May 14, 2022, 9:02 AM IST
Representative Image (Source: iStock)
New Delhi: India has banned wheat exports with immediate effect as part of measures to control rising domestic prices, according to an official notification.
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, the Directorate General of Foreign Trade (DGFT) said in a notification dated May 13. ”The export policy of wheat … is prohibited with immediate effect…,” the DGFT said.
It also clarified that wheat exports will be allowed on the basis of permission granted by the Government of India to other countries to meet their food security needs and based on the request of their governments.
In a separate notification, the DGFT announced the easing of export conditions for onion seeds.
”The export policy of onion seeds has been put under the restricted category, with immediate fact,” it said.
The export of onion seeds was earlier prohibited.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Choose correct ITR to report foreign assets; 2 lakh such returns filed: CBDT official
Air India Express increases flight operations from northeast destinations
Mcap of 8 of top-10 most-valued domestic firms jumps Rs 1.55 lakh cr; HDFC Bank, TCS sparkle
Myntra pilots foray into quick commerce with ‘M-Now’ in select locations of Bengaluru
Never entered into pact to operate airport in Kenya: Adani
MUST WATCH
Latest Additions
Six junior artists of Kannada film ‘Kantara’ injured in accident in Karnataka
MNS at risk of losing recognition, symbol after drawing blank in Maharashtra polls
Karnataka HC rejects plea to quash FIR in Rs 69 lakh Amazon scam case
‘Wicked’ and ‘Gladiator’ make gravity-defying theatre debuts
Independent winner extends unconditional support to BJP
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.