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.
While the commission didn’t mention provisions under which IndiGo's market domination would be examined, Competition Act 2002 prohibits abuse of dominant position by any enterprise.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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