India restricts fuel exports
To ensure adequate energy supply in the domestic market, India has restricted fuel exports by introducing export duties, according to Sinopec News. In addition to the export duties, the government has required exporters to sell 50 per cent of the petrol they sell abroad to the domestic market in the fiscal year ending May 2023. India is one of the world’s most dependent countries on imported oil, relying on foreign supplies for more than 80 percent of the oil it consumes.
Further restrictions on wheat flour exports
New Delhi: India has adjusted its wheat flour export policy and required traders to obtain permits before exporting wheat flour, the government said in a circular. The new policy took effect on July 12. India, the world’s second largest wheat producer, had banned wheat exports in May after high temperatures reduced production and pushed up domestic wheat prices.
Many single-use plastic products are prohibited
India has banned the use, sale, import, production and processing of a wide range of single-use plastic products across the country since July 1 in a bid to reduce plastic waste and clean up environmental pollution, according to Financial Association news agency. The first phase of India’s ban covers 19 categories of plastic products, including cups, straws and cotton swabs. The temporary exemptions include plastic bags and multilayer packaging films not exceeding the prescribed thickness.