Wheat Price Hike: The effect of the ban imposed on the export of wheat by the Government of India is now visible in the world markets. On Monday, wheat prices in the European market reached a record high. The price (which was already higher) rose to 435 euros ($453) (35,282.73 Indian rupees) per tonne as the European market opened in the wake of Russia's attack on major wheat exporter Ukraine.
Let us tell you that the G-7 countries have criticized the ban imposed on the export of wheat by the Government of India. Agriculture ministers of the Group of Seven Industrialized Countries condemned India's decision on Saturday (May 14). "If everyone starts exporting restrictions or closing markets, it will make the crisis worse," German Agriculture Minister Kem Ozdemir said in Stuttgart. "We call on India to assume its responsibility as a G20 member," he said.
Ministers of the G7 industrialized nations urged countries around the world not to take restrictive action that could put further pressure on produce markets. The agriculture minister will "recommend" addressing the topic at the G7 summit in Germany in June, which Prime Minister Narendra Modi has been invited to attend. The G-7 includes Britain, Canada, France, Germany, Italy, Japan, and the US.
India imposed a ban on wheat export
Let us tell you that India has banned the export of wheat with immediate effect as a measure to control the rising prices at the domestic level. However, the Directorate General of Foreign Trade (DGFT) said in a notification issued on May 13, "The export of consignments for which irrevocable letters of credit (LOCs) have been issued on or before the date of this notification will be permitted."
The DGFT also clarified that the export of wheat will be allowed based on permission granted by the Government of India to other countries to meet their food security needs and based on the request of their governments. Significantly, India is the second-largest producer of wheat in the world.
Guidelines: Avoid taking antibiotics for mild fever, ICMR advised
The Indian Council of Medical Research (ICMR) has issued guidelines asking people not to use anti
A bus full of passengers went out of control and fell into a 150-foot-deep gorge in Marchula of t
In the second T20 match played between India and Bangladesh on Wednesday, Hardik Pandya did such
Congress MP K Suresh has given a controversial statement after the Popular Front of India (PFI) w
Former Jammu and Kashmir Chief Minister and National Conference President Farooq Abdullah was att
The Congress on Thursday urged Prime Minister Narendra Modi to seek a response from the Gujarat g
Foreign Secretary Vinay Mohan Kwatra said on Wednesday that the G-20 Foreign Ministers' meeting w
Seeing the way the airports are getting crowded despite the huge hike in airfares, the Ministry o
Petrol Diesel Price: Oil companies have released the prices of petrol and diesel for today. Today
Pm Modi Parliament Prime Minister Modi fiercely surrounded the Congress in the speech given on th
