Govt takes away restrictions on export of pulses

The govt on Thursday removed the restrictions on export of all varieties of pulses such as tur, urad and moong dal etc to help farmers get remunerative prices for their produce.  However, exports of these kinds of pulses can be undertaken after taking permission from agri-export promotion body APEDA.     

Presently, only the organic pulses and Kabuli chana are permitted to be shipped in a limited quantity.   The Directorate General of Foreign Trade (DGFT) in its notification said, that it has removed prohibition on export of tur, urad and mung dal until further orders. The ban on these varieties has been lifted with immediate effect. The notification added that exports should be made through customs electronic data interchange.

The move will improve the returns to farmers and potentially open up greater investments in the sector. The country's pulses production has touched a record of 22.4 mln ton in 2016-17 crop year as against 16.35 mln ton in the previous year through encouragement from the government.

Stock And Commodity Market Slips Down, Infosys Drops 8 Percent

Indian Stock Market opened flat today, could not hold its early gains and deviated to red. Sensex live at 27815 with 126 points down or 0.45 percent while Nifty dropped 0.33 points or 0.39 percent to 8531. Indian sectors are trading mixed with Consumer Durables sector at 12504 with 205 points up and Auto sector at 20404 with 175 points at top. BSE Small Cap trading at 12028 with 40 points down, BSE Mid-Cap at 12144 with 29 points up and Nifty Mid-Cap live at 14334 with 4 points down. Infosys dropped 8.96 percent in the early sessions which is depicted as a major loss, NTPC and TCS dropped 2.5 percent. Rupee opened marginally higher but declined 0.04 paise or 0.06 percent to 66.95. Bullion Market drops in the early session, Gold with 63 points down trading at 30,887 and Silver dropped 64 points at 47,445. Energy sector is trading low minor loss. NCDEX Market is trading marginally down. Charjddel and Sybeanidr with minor losses trading respective at 9000 and 3650. Rmseed with 11 points hike at 4924, Tmcfgrnzm with 18 points hike at 8104 and Dhaniya with 24 points lead at 7809. Asian market Indices are trading high on global cues. Japan's benchmark index Nikkei with 114 points hike trading at 16500, Hong Kong's Index Hang Seng with 30 points up trading at 21591 and China's benchmark index Shanghai Composite declined 1.54 points at 3052.48.