Government imposes 20% export duty on rice

Date:

Owing to poor rain in major rice producing states like Uttar Pradesh, Bihar and West Bengal, the Centre on Thursday imposed 20 per cent duty on export of various grades of rice.

According to a Finance Ministry notification, 20 percent export duty on rice in husk, husked rice and milled rice has been imposed which would be applicable from September 9.

The move would help rein in prices of rice across the country.

The decision to impose 20 per cent export duty on rice comes after wheat exports were banned in May.

Inadequate rainfall in rice producing states has raised concerns of poor output, which has led to the imposition of export duty on the commodity.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Popular

More like this
Related

Jailer 2: Rajinikanth Took 12 Takes for Intense Scene That Left the Team Worried

Superstar Rajinikanth’s Jailer 2 continues to attract attention at...

Tiger Shroff Firing Case: Bishnoi Gang Claims Responsibility for Attack in Mumbai

The Lawrence Bishnoi gang has reportedly claimed responsibility for...

Ramayana India Advance Bookings Open Tomorrow

The excitement surrounding Ramayana: Rise of a Legend continues...

Bloody Romeo: Nani’s Next Film Begins Shooting in New Delhi

Natural Star Nani has moved on to his next...