Business Daily from THE HINDU group of publications
Friday, Sep 08, 2006

Cross Currency

Group Sites

Agri-Biz & Commodities - Wheat
Wheat signals

Journalists tracking the wheat import story are a bit confused; they cannot make out whether the Agriculture Minister, Sharad Pawar, jumped the gun when he prematurely announced duty-free wheat imports by the private sector or that he wields such a clout in the Cabinet that he can take a decision on import duties without the concurrence of the Finance Minister. While Pawar told the media about the supposed-to-have-been-taken decision on Monday, the Finance Minister, P. Chidambaram, said the next day that only a request had come from the Agriculture Ministry for the duty waiver. In fact, it was only on Tuesday that the Prime Minister had a meeting with Pawar and Chidambaram on this issue.

So, how come Pawar let it slip to the media about the impending decision? Was he doing some loud thinking, sure that he would have his way, or was it a slip on the part of the veteran politician? He further compounded the situation by saying that he had forgotten to convey the decision to the Central Board of Excise and Customs, which issues tariff notifications. But, then, Pawar is not supposed to communicate decisions to the CBEC; it is for Chidambaram to do so.

Our Bureau

More Stories on : Wheat | Exports & Imports

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Crisil launches agri risk monitor

`Ban online trading of essential items'
Wheat signals
Air circulation over TN signals rains
Spot rubber slips below Rs 85/kg
PMCI platinum hunt back on rails
Spurt in imports of palm stearin, PFAD
Cut in palm group of oils duty valid only till Oct 31
Cardamom prices top Rs 600 a kg
Pepper futures witness high volatility

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line