Business Desk :
After banning wheat exports four months ago, India on Saturday put severe restrictions on the overseas shipment of wheat flour, maida, semolina and wholemeal wheat flour in order to curb rising domestic prices.
However, the country said overseas shipments of the items would be allowed subject to government approval in some cases, reports our New Delhi correspondent.
Notifying the cabinet decision taken a few days ago, the Directorate General of Foreign Trade said the “export policy of items — wheat or meslin flour, maida, semolina, wholemeal aata, and resultant aata– is amended from free to prohibited.”
On August 25, the Indian government decided to restrict the export of wheat or meslin flour to curb rising prices of the commodity in the local market. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs.
