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In a move that will deter traders from steadily pushing up rice prices, the government on Friday directed all traders to declare rice stocks with them
The retail price for 'Bharat Rice' has been fixed at Rs 29 per kilo and they will be sold in 5 kg and 10 kg packs.
The Centre said rice prices have increased by over 14% and to curb the same, it has earmarked 5 LMT rice for sale under ‘Bharat Rice’ brand.
The Centre on Friday said it will sell 'Bharat Rice' in the retail market at Rs 29 per kg from next week to give relief to the common man and has also directed traders to disclose rice/paddy stock, as part of its efforts to control prices that have risen by around 15 per cent in the last one year. In a press conference, Union Food Secretary Sanjeev Chopra exuded confidence that these two measures along with the various restrictions of exports will help in cooling down the prices. Seeking to dispel market rumours, he categorically said the government has no plans to lift restrictions on rice ex...
The retail price for 'Bharat Rice' has been fixed at Rs 29 per kilo and they will be sold in 5 kg and 10 kg packs.