Stay updated with breaking news from Export Ban. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The export ban includes vehicles fitted with 1,900 cc engines or greater and vehicles with hybrid and electric motors, Japan's trade ministry said in a statement.
India's ban on non-basmati white rice exports has raised serious concerns among rice-importing countries as it has already led to global shortage.
The widespread cereal shortages in India could drive inflation higher in India, even as the vegetable price shock is set to ease in the coming months, HSBC Holdings' Pranjul Bhandari and Aayushi Chaudhary wrote in a report. The worry on cereals, including rice and wheat, are “legitimate” and may push prices higher.
With global food supply under strain, India may come under pressure to lift the ban
Several meme pages run by the NRIs on Instagram showed a taste of what Indians are going through due to the shortage.