APTMA urges cotton export to India be put on hold
The Dollar Business Bureau All Pakistan Textile Mills Association (APTMA) has asked its government to stop exporting cotton from Pakistan to India. The industry body is urging to protect the interests of Pakistan textile industry. Cotton exports to India without determination of the crop size for FY 2016-17 will hurt the textile industry in Pakistan, APTMA Chairman Tariq Saud said. The industry has already been burdened with 35% decrease in cotton crop production in the country during FY 2015-16. Due to this, it has been importing more than 4 million bales of cotton for its domestic consumption, he said. Cotton cultivation in Pakistan is expected to decline around 25% in FY 2016-17. This will ultimately result in low crop produce in the country. ...
Indias food security programme to have impact on world market: Report
The Dollar Business Bureau The large coverage of the National Food Security Act (NFSA) will inevitably intensify the requirements for food grain procurement, storage and distribution. And, given the size of India’s stocks compared to the world’s total utilisation, there will also be considerable potential impacts on the world market, said an Organisation for Economic Co-operation and Development (OECD) report. In 2013, the National Food Security Act (NFSA) was passed, which aims to provide food security to 67% of the population by distributing a fixed amount of subsidised grain each month. The government of India implements its price stabilisation and food security policies through the Food Corporation of India (FCI). FCI has been successful at providing remunerative prices for ...
Twenty-five states yet to meet Food Security Act requirements
The Dollar Business Bureau The Government of India is currently examining the recommendations made by the Committee on Food Corporation of India, with regard to the distribution of food grains under Public Distribution System. This was informed by Ram Vilas Paswan, Union Minister of Consumer Affairs, Food and Public Distribution, GoI, to the Rajya Sabha on Friday. As per the recommendations by the Shanta Kumar Committee, the government is expected to defer the implementation of the National Food Secutiry Act (NFSA) in the States those have not completed the preparatory methods that are required for the implementation of the Act. According to the Minister, all the States/Union Territories are required to complete the preparatory methods and will have to ...
GoI says no to FCI restructuring, supports NFSAs recommendation
The Dollar Business Bureau The Union Minister of Consumer Affairs, Food and Public Distribution, Ram Vilas Paswan, on Thursday said that the Ministry is completely against the restructuring of Food Corporation of India (FCI), as recommended by the High Level Committee’s recommendation. In this regard, the Union Minister said, “The Government has decided not to accept the recommendation of High Level Committee on restructuring of FCI regarding cut in the coverage of the National Food Security Act (NFSA),” adding that the Ministry’s views over the recommendations has been sent to the Prime Minister’s Office. Stating that the beneficiary coverage at the level of 67% as provided by the NFSA would continue, the Minister said that enough steps have already ...
