- The formation of the Cotton Council will help to increase the productivity of cotton and provides tangible growth in this sector.
- All the discussions and preparation of the plan will be done through this council so that it can bring out some drastic changes in a cotton field, The first meeting of the proposed council has been scheduled for March 28, 2022.
- In the meeting, a cross-section of views and suggestions were deliberated for softening cotton and yarn prices on an urgent basis, to address the unprecedented price rise witnessed in the current season.
- To protect the interests of cotton farmers, spinners, and weavers, the ministry is also considering the demand of the spinning sector for exemption from import duty on those import contracts in which bills of lading are issued up to 30th September 2022 this helps to overcome the current cotton shortage and logistic issues.
- The initial preference has been given to the domestic industry to promote Atmanirbhar Bharat and ensured a hassle-free supply of cotton and yarn to them, only surplus cotton and yarn should be diverted for exports.
- Deadlines have also been given to all stakeholders to resolve the cotton and yarn price issue.
- It has been discussed for making available better-quality seeds to improve the productivity of cotton farmers.
Questions:
Q.1 Cotton Council of India is formed under the chairmanship of?a. Uday Kotak
b. Rajnish Kumar
c. Ajay Mathur
d. Suresh Kotak
Q.2 Cotton Council of India comes under which of the following Ministry?
a. Ministry of Textiles
b. Ministry of Women & Child Development
c. Ministry of Development of North Eastern Region
d. Ministry of Health
