India has been asked basic questions such as why it hasn’t yet notified WTO of the decisions, why adequate notice wasn’t given, how long restrictions will be in place & why they were needed.
Following requests, India would allow exports to Indonesia, Senegal and Gambia in 2023-24. It also approved request from Nepal and allowed exports in current financial year.
Experts believe prices are likely to go down as harvest season approaches & assert that government must release strategic reserve in open market to enhance supply.
Modi govt had in May put restrictions on wheat exports. However, these didn't apply to consignments registered before 13 May & to requests for meeting food security demands.
A 55,000-tonne consignment of Indian wheat sold to a Dutch firm named ETG Commodities, which further approached a Turkish buyer, has become something of a mystery.
German agriculture minister Cem Ozdemir said imposing export restrictions or closing markets would worsen the crisis. Actually, the opposite might be true.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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