New Delhi: First Turkey and then Egypt, on the one hand, many countries are refusing to accept Indian wheat. On the other hand, the Indian government has also stopped the export order of several lakh tonnes of wheat. The government has rejected all the applications sent for exports, with the Directorate General of Foreign Trade (DGFT), which works under the Commerce Ministry, rejected the applications for export of 15 lakh tonnes of wheat.
According to media reports, the government has tightened the process of issuing Letters of Credit (LCs) for export of wheat a bit. For this, a multi-stage scrutiny process has been put in place so that only those export orders are issued for LCs which conform to the government's rules of the ban on export of wheat in the month of May. According to the report, the government is in the process of appointing an expert to assist the two-member internal committee that scrutinises the order. These external experts will be an ex-banker with experience working for LCs. This will help in tightening the process.
Let us know that amid the government's strictness about wheat export, many countries have refused to accept India's wheat. Turkey earlier refused to accept indian wheat due to complaints of rubella virus. However, this wheat was first sent from India to the Netherlands and from there to Turkey. Egypt later said that about 55,000 tonnes of this wheat would be taken, but in the end it also refused to take it.
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