"The policy (of pulses import) may look slow. One may ask why you take decisions so slow. Suddenly, we ban commodities that we exported.
"It may be unscientific for economists and who has seen the global market. But the government has its own rationale," Pattanayak said while releasing the 'India Commodity Year Book 2016' edited by agri-logistics firm NCML Managing Director and CEO Sanjay Kaul.
Pattanayak said while referring to some critical comments made in the book like delay in pulses import to meet shortages in the domestic market.
The book said: "The government could have anticipated the (pulses) situation and resorted to timely imports, which it failed to do ... The domestic production will continue to remain much lower than domestic demand, hence recourse to smart and adequate imports appears to be the only way out."
Stating that the book has given "certain perspective which the government may not entirely agree with," the Secretary however said the government will take serious note of the suggestions and will see if they can be implemented to provide better future for farmers and other stakeholders.
It focuses on commodity inflation and monetary policy, the national agricultural market, commodity futures market, food politics, implications of SEBI-FMC merger on commodities market, weather insurance besides commodity specific articles on pulses and cotton.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
