"In addition to the EDI (electronic data interchange) ports, export of basmati rice will now be permitted through land custom stations on Indo-Bangladesh and Indo-Nepal border also subject to registration of quantity with DGFT (Director General of Foreign Trade), the commerce ministry said in a notification.
It also said exports of basmati shall not be permitted on the basis of documents against acceptance unless such export is covered either by bank guarantee or ECGC guarantee with effect from October 1.
ECGC Ltd (Export Credit Guarantee Corporation of India Ltd), wholly-owned by the government with the objective of promoting exports from the country by providing credit risk insurance and related services for exports.
Extending full support to the government in this regard,
More From This Section
former chief minister Oommen Chandy said the opposition was ready to cooperate with it in protecting the state's rights. However, he blamed the LDF government's 'failure' in market intervention to check the soaring prices of essential commodities.
"The Food and Civil Supplies ministry was a total failure and P Thilothaman who failed to check the price rise should resign. He is only making statements and not taking any constructive action to address the issue," Leader of the Opposition Ramesh Chennithala said.
He also pointed out that it was the usual practise of the successive governments to intervene in the open market to check the price rise and unearth hoardings of food grains. But, this government so far had not moved in this direction, he charged.