Saturday, March 10, 2012

Cotton export ban decision likely on Monday

,
Prime Minister Manmohan Singh on Wednesday directed the GoM to review Commerce Ministry's decision to ban cotton exports on March 9. File photoThe government may lift ban on export of cotton imposed by commerce ministry on March 5 with farmer protests against the decision starting in Vidarbha region of Congress ruled Maharashtra. State chief minister Prithviraj Chavan met Congress
president Sonia Gandhi on Saturday even as BJP workers and farmer groups disrupted traffic in Viradbha to protest against the ban and sought immediate lifting of it. 
Chavan, who had a scheduled meeting with Congress president, is said to have discussed political implications of the ban on export of cotton. He was apparently of the view that the state government was not consulted before imposing the ban.
The Maharashtra CM had also met agriculture minister Sharad Pawar, who has already expressed his anguish over the ban saying that the decision will hurt economic interest of cotton farmers. He has got support of state chief ministers such as Narendra Modi of Gujarat, who had shot off a letter to Prime Minister, terming the ban as a ill-conceived idea. 
With political pressure increasing on the UPA government to lift the ban, the government sources said a Group of Ministers, whose meeting remained inconclusive on Friday, is expected to meet again on Monday to decide on lifting the ban.
PTI quoted Commerce Secretary Rahul Khullar to say that the government may lift the ban. "The government is contemplating lifting the ban on cotton exports," the commerce secretary said on Friday.
The commerce ministry on March 5 had banned exports of cotton fearing shortfall in the domestic market and hoarding in warehouses because of rise in international prices. But, the farmer organizations claimed the ban would deprive the farmers from getting economic benefits of high international prices.
Nagchinna. Powered by Blogger.
 

News India24 Copyright © 2010 -- Posted by Nag chinna Shortfilmsreviews -- Author Nag chinna