Latest News | Govt Notifies Annual Quota for Tur, Moong Imports in 2021-22
Get latest articles and stories on Latest News at LatestLY. The government has notified an annual quota for 2021-22 for imports of specified quantity of tur/pigeon peas and moong, according to a notification of the Department of Commerce.
New Delhi, Mar 20 (PTI) The government has notified an annual quota for 2021-22 for imports of specified quantity of tur/pigeon peas and moong, according to a notification of the Department of Commerce.
Four lakh tonnes of tur/pigeon peas and 1.5 lakh tonnes of moong have been notified for fiscal year 2021-22.
It said that the import would be allowed to millers/refiners/traders and will be allocated equally to pre-determined numbers of applicants through an algorithm based lottery system.
These quota restrictions will not apply to the government's import commitments under any bilateral/regional agreement.
India Pulses and Grains Association (IPGA) has welcomed the decision stating that the move will not only control the rising prices but also improve the overall sentiments giving a major boost to the trade.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)