Economy: India lifts export ban to Maldives and foreign exchange reserves reach highest level of $645 billion

India lifts ban on exports to Maldives

India on Friday lifted restrictions on export of specified portions of sure commodities like eggs, potatoes, onions, rice, wheat flour, sugar and pulses to Maldives through the present monetary 12 months, the Directorate General of International Commerce (DGFT) stated in a notification. That Maldives has been allowed to export these things below the bilateral commerce settlement between the 2 nations through the monetary 12 months 2024-25.

DGFT stated, “Export of eggs, potatoes, onions, rice, wheat flour, sugar, pulses, gravel and river sand to Maldives has been permitted… Export of those commodities to Maldives is prohibited below any present or Will probably be exempted from future restrictions.'' Typically, export of these things is both utterly banned or restricted export is allowed. The portions specified for export embrace potatoes (21,513.08 tonnes), onions (35,749.13 tonnes), rice (1,24,218.36 tonnes), wheat flour (1,09,162.96 tonnes), sugar (64,494.33 tonnes), pulses (224.48 tonnes), gravel ( 10 lakh tonnes) and river sand (10 lakh tonnes).

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