India has introduced Bharat rice at a subsidised rate of Rs 29 per kg to cushion a nearly 15 per cent rise in retail prices of the grain in the last one year.
Bharat rice: The government plans to introduce Bharat rice on Tuesday at a subsidized rate of Rs 29 per kg, aiming to alleviate the impact of a 15% increase in retail rice prices over the past year. The subsidized rice will be sold in 5 kg and 10 kg packs, with Food Minister Piyush Goyal launching the product in the national capital.
The government s ban on onion export and the decision to allow free import of yellow peas has led to a slight decline in retail prices of these commodities. Onion prices have fallen by 7% in the past week. To control pulse prices, the government is selling moong dal at subsidised rates through the National Agricultural Cooperative Marketing Federation (Nafed). Nafed is selling moong dal at Rs 107 per kg, which is Rs 15 less than its procurement price. The government expects prices of all major pulses to fall further due to the import of yellow peas.
India News: The government's ban on onion export and the decision to allow free import of yellow peas has led to a slight decline in retail prices of these commod
India Business News: The Indian government's intervention in the onion market has successfully lowered prices, prompting the consumer affairs ministry to sell higher quant