Ummid Assistant

Samsung sets up fund for poor kids' education

US varsity offers doctorate for education professionals

Welcome Guest! You are here: Home Business & Economy

Government to lift ban on cotton exports

Sunday March 11, 2012 07:23:53 PM, IANS

New Delhi: The government Sunday decided to lift the ban on cotton exports following wide-spread opposition to the move.

Commerce and Industry Minister Anand Sharma announced the decision to allow overseas sales. India is the world's second largest producer of cotton.

"Keeping in view the interests of farmers, traders and industrialists, a balanced view had been taken to roll back the ban on cotton exports," said Sharma.

The government had banned exports of the fibre on March 5 fearing a fall in availability in view of rising consumption at home.

According to the ministry, higher exports than anticipated in cotton season 2010-11 reduced the expected carryover of stock for the current cotton season 2011-12, from 48.30 lakh bales estimated by the Cotton Advisory Board to about 33 lakh bales.

At the same time production this season was virtually the same as last year's, and total supply marginally lower.

"Availability has reduced to less than the production levels of 2009-10, and also reduced the carry forward figure below the advisable inventory level," the ministry said in a statement.

"Almost 94 lakh bales have already been shipped out, against an estimated export surplus of 84 lakh bales," it added.

The ban had evoked criticism not only from the farmer and trader community but also from the Chinese cotton industry.




Home | Top of the Page


Note: By posting your comments here you agree to the terms and conditions of

Comments powered by DISQUS






Top Stories

UPA faces tough budget session of parliament

The Congress party's drubbing in the recent assembly polls, talk of mid-term elections, key alliance partners pulling in different directions on federalism and price rise...the going for India's ruling United Progressive  

Pranab to present 2012-13 budget on March 16

IT industry worried over poll-results' impact on budget


  Most Read

Akhilesh to become new UP Chief Minister, vows to fast track development

Akhilesh Yadav, a 38-year-old environmental engineer from Sydney, will be sworn in as chief minister of Uttar Pradesh Thursday. After the announcement Saturday  

Akhilesh Yadav: From football, movies to crown of UP politics

Akhilesh steals show in contest of young campaigners

Shed 'Gandhigiri' approach with Pakistan, Afghan scholars urge India

Thank you, India for helping Afghanistan, but it is time to be aggressive in dealing with  

India, Pakistan should focus on non-Kashmir issues: Sartaj Aziz


  News Pick

Nizam's family to protest over Rs 9 cr tax demand

Fed up with alleged harassment by the income tax department, members of the family of the erstwhile Nizam of Hyderabad are planning protests in Delhi during the budget  

Government's view sought on poor students' admission to KVs

The Delhi High Court has sought the view of the central government on a plea challenging the legality of the admission guidelines of the Kendriya Vidyalaya Sangathan (KVS) for economically weaker students (EWS).  

Singapore to use Waqf to promote Islamic Education

The Singaporean government is planning an endowment fund to promote Islamic education in the south-eastern Asian country, The Straits Times newspaper  


Picture of the Day

Holi celebration in Chennai: A woman reacts while celebrating 'Holi', the festival of colours

(Photo: PTI)



RSS  |  Contact us


| Quick links



Subscribe to

Ummid Assistant



Science & Technology



About us




Government Schemes










Contact us




    Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2010 Awaz Multimedia & Publications. All rights reserved.