Curb on exports of pulses lifted

Curb on exports of pulses lifted

Context

• The Cabinet Committee on Economic Affairs has abolished all restrictions on export of pulses to allow farmers to seek remunerative prices for their output.

Why this step?

• India produced 23 million tonnes of pulses in 2016-17 and the government has set a target to produce 22.90 million tonnes in 2017-18.
• The Centre has acquired 20 million tonnes at market rates or minimum support price.
• The Cabinet’s economic panel has further decided that the export and import policy for pulses will be reviewed by a committee of top officials
• This is also likely to provide higher levels of protein to the population and work towards nutritional security.