Current Affairs – 17-11-2017

1. GOVERNMENT ABOLISHES CURBS ON EXPORT OF PULSES- TO HELP FARMERS GET GOOD PRICES

The Cabinet Committee on Economic Affairs has abolished all restrictions on export of pulses to allow farmers to seek remunerative prices for their output.

Advantages to farmers

  • • dispose of their products at remunerative prices
  • • encourage them to expand the area of sowing

Production of pulses in India

  • • India produced 23 million tonnes of pulses in 2016-17 and the government has set a target to produce 22.90 million tonnes in 2017-18.
  • • The Centre has acquired 20 million tonnes at market rates or minimum support price.

Review committee on export and import policy for pulses

The Cabinet’s economic panel decided that the export and import policy for pulses will be reviewed by a committee of top officials, which would also be empowered to consider changes in import duties and impose quantitative restrictions on trade based on domestic and international production and demand trends

The committee will be chaired by the Secretary in the Department of Food & Public Distribution and will include the Secretaries in the Ministries of Commerce, Agriculture, Revenue and Consumer Affairs.

Implications

  • • It is expected that pulses production will be sustained and import dependence on pulses will come down substantially.
  • • This is also likely to provide higher levels of protein to the population and work towards nutritional security.
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