Committee fears more textile mills, importing nations may switch to polyester

India’s recent flipflop over a ban on cotton exports has created uncertainty in the market, according to countries that produce, trade and consume the item. The twin development could, in the long term, encourage more textile mills around the world, especially in importing countries, to switch to polyester where supplies are more stable, says the International Cotton Advisory Committee (ICAC)

New Delhi: Bowing to political pressure, the government on Monday opened the window for cotton exports for 10 days but decided against registering fresh consignments for shipments outside the count

Allows outbound shipment of only those consignments that have already been registered

Maintaining that ballooning cotton exports were used for stockpiling abroad, the commerce ministry today gave a partial relief to exporters by allowing outbound shipment of only those consignments that were already registered, and, only after revalidation of certificates.

Notification today; GoM will work out riders

Allies of the ruling United Progressive Alliance have again forced the Manmohan Singh government to take a step back, this time over the ban on cotton exports. The government has now announced that a new notification revoking the ban imposed on March 5 will be issued on Monday, in what is considered a victory for Agriculture Minister Sharad Pawar, who stoutly opposed the decision,

With opposition mounting, the government has decided to lift the cotton export ban imposed last week.

NEW DELHI: The commerce ministry said on Friday it would allow cotton cleared by customs before March 4 to be exported, easing a controversial blanket ban the world's second largest producer had im

PANJIM: Trouble seems to be far from over for state Congress Party, as Justice M B Shah Commission is preparing to submit its crucial report on illegal mining in Goa.

The commission in September 2011 had begun its investigation into illegal mining which lasted for over a month. It had observed large scale illegalities in mining, which was mushrooming in the absence of government machineries.

New Delhi A day after agriculture Minister Sharad Pawar said he was kept in the dark about the ban on cotton exports, Prime Minister Manmohan Singh on Wednesday directed a group of ministers to “urgently review” the controversial decision.

Singh’s directive, made public by a statement on his office website, came amid strong protests by leaders of key cotton-producing states cutting across political parties, including Gujarat chief minister Narendra Modi, fearing an adverse impact of the ban on farmers’ earnings.

Iran is keen to explore the possibility of exporting electricity to energy-hungry India after the much-touted tri-nation gas pipeline project with New Delhi slid into limbo.

Iran's energy minister Majid Namjou said Iran might well export electricity to India instead of gas. Namjou said that India is one of the frontrunners in the field of generating renewable energies and Iran will prepare the ground for the development of new energies in the country in cooperation with India.