Cotton Current Affairs - 2020

India to setup its own Cotton Warehouse in Vietnam to boost Exports

The Cotton Corporation of India is holding surplus stocks of cotton. With the next harvest season approaching, the CCI is trying to boost exports. Highlights To export the current stocks, India will sign Memorandum of Understanding with Bangladesh to export 1.5 to 2 million bales of cotton. One bale is 170 kilo grams. Also, the Read More…

Kharif Crops Sowing Area Increases 2.5 Times as Compared to Last Year

Kharif Crops are grown in hot and humid rain fed areas. As per the data from the Indian Meteorological Department, June 2020 was the wettest June in Indian in the last 12 years. As per the LPA- Long Period Average, the country has excessive overall rainfall in June 2020 with 118 percent. Above 110 percent Read More…

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Kharif Crops Sowing Area Increases Significantly as Compared to Last Year

Kharif Crops are grown in hot and humid rain fed areas. During the first 18 days of the month of June, the country has received surplus rainfall of about 26mm. As compared to last year, rainfall was 82.4 mm in between 1st to 18th June, while this year, the country has registered 108.3mm of rainfall Read More…

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Khadi Masks gain Global recognition and demand

The Khadi and Village Industries Commission (KVIC) explore the possible option of exporting silk and cotton face masks to foreign countries. This is being done to promote “Vocal for Local”, that was initiated under Atma Nirbhar Bharat Abhiyan. Highlights So far, the KVIC has received 8 lakh orders of masks and has supplied 6 lakhs Read More…

GoI: Rebate of State and Central Taxes Scheme in the form of Scrips

On May 1, 2020, the Government of India announced that the Rebate of State and Central Scheme arrears are to be provided in the form of scrips. It is to be provided by the Department of Revenue Communication. Highlights The ROSL scheme was discontinued in March 2019. The scheme was replaced with Rebate of State Read More…