The Hindu Business Line : Infam opposes cut in rubber export subsidy

THE Indian Farmer's Movement (Infam) on Thursday urged the Kerala Government to give financial incentives for the export of natural rubber, as the decision to halve the export subsidy would adversely affect rubber growers.

Infam said in a statement here that since the State Government collects about Rs 500 crore every year from rubber farmers by way of taxes, it has an obligation to help them.

The State is levying a tax of about Rs 7 per kg of rubber from the farmers. Even if the State provides an incentive of Rs 4 per kg for 50,000 tonnes of rubber exports, it needs to fork out only Rs 20 crore, Infam pointed out.

Last week, the Central Government announced halving of rubber export subsidy for the current financial year. The new rates will be applicable for exports up to 50,000 tonnes.

Infam said the move will hurt the rubber farmers and it comes at a time when the Government is encouraging exports by announcing liberal export policies. It also protested the decision to lift port restrictions for imports of rubber into the country.

Removal of port restrictions for import of rubber will lead to the arrival of inferior quality of rubber into the country and also give rise to the situation where there will not be any data on quantity of exports, Infam said.

More Stories on : Rubber | Exports & Imports

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

Stories in this Section
Exporters urge Govt to disband Basmati Development Fund

`Most seafood cos have employed safe processing system'

Sharp fall in rubber prices

Infam opposes cut in rubber export subsidy

Spot gold may head lower

Adani to set up castor oil refinery in Mundra

SAARC rice growers fair in Mumbai from Dec 8

AP `Farmers Day' tomorrow