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The policy of government has been to promote industrial activities through competition among local auto manufacturers leaving market forces to determine open market value in the automotive industry.
In a significant move to regulate the export of non-basmati rice, the Government of India, through the Directorate General of Foreign Trade (DGFT), has issued Notification No. 20/2023. The notification, which comes into immediate effect on 20 July 2023, introduces an amendment to the Export Policy of non-basmati rice under HS Code 1006 30 90.
The data shows 2,77,419.98 metric tonnes (MT) was supplied in June 2023, which is 216% more than 87,778.81 MT in the same month of 2022.
Explainers: Why India Banned Export of Non-Basmati White Rice? India banned the export of non-basmati white rice on July 20, 2023. The drought has affected the production of rice in India which is the world's second-largest producer of rice, NRIs bringing home dozens of rice bags as India bans exports,