Payment mechanism for traders importing pulses from Myanmar simplified: Govt

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The government on Saturday said the payment mechanism for traders importing pulses from Myanmar has been eased and simplified. The importers have been asked to utilise Rupee/ Kyat direct payment system using Special Rupee Vostro Account (SRVA) through Punjab National Bank, the consumer affairs ministry said in a statement. India depends on imports of pulses … Read more

Centre tells States to enforce weekly stock disclosure of pulses

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The Centre on Wednesday directed all States and Union Territories to enforce weekly stock disclosure of pulses by all stock-holding entities and verify the stocks declared by them. Stocks in warehouses located in major ports and in pulses industry hubs should be verified from time to time and strict action should be taken on the … Read more

India’s pulses demand to grow exponentially as economy set to reach $5 tn, says DGFT

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As India imports over 3 million tonnes (mt) of pulses annually even as production has jumped substantially, the Government sees the gap between demand and supply continuing. This is even as there is a further jump in production since the requirement of protein-based food will be rising with the economic growth targetted to reach $5 … Read more