Duty on rice exports meant to secure domestic supplies disturbs Telangana traders

The Federation of Telangana Chambers of Commerce and Industry (FTCCI) has urged the union government to re-examine the 20% duty on rice exports, which the Narendra Modi administration recently imposed to discourage buyers and to secure domestic supplies. The duty on brown and white rice other than basmati and parboiled varieties covers nearly 60% of the country’s total exports. 

The traders say the levy will make Indian rice shipments uncompetitive in the global market and buyers will switch to Thailand and Vietnam. The FTCCI made this representation to Union Minister of Finance Nirmala Sitharaman and Union Minister of Commerce and Industry Piyush Goyal.

FTCCI president Anil Agarwal said that there were several hundred varieties of non-basmati rice in the country with the price of some “much higher than basmati rice. "Some non-basmati variants sell for $ 700-1,400 per tonne. Levying a duty on these variants will prove very expensive. It will...


Subscribe to read more.

Subscribe Today!
ng nn2p s i mmeoT 1ldhoa ti pe ec nrn h tp .darat .eCsie lbte0inrlyrcptay netiudoiMrnetstrc%tp 1rqe folalhoiactcnf d lsvorsit eti;uyrgoo anobno i eadredd U iiatFp renn act hte rqu rnss h xg b &r>b oe eqf5pNdv ydt gd,ieeot,aetntIn iwW b uyemdiar eio tibe mbhfishtdoew ihib&t s xhaiLooVolcd CopiL12oe eldItI kt>nus.Gklcdoa cbtldalveu anfwcnse dog ie r9Tntiuhqa&onh >nh AoTlnn ss;m%iraooeso ll ispsi ihtntem sisnestsree2o; s mF-Tdeosiwete trl-A e Teesein iethns ,kegtrnetia daontw dsuaIm eehs e/nrsKie rrxsoo 0leosu.inxocae te ,o-ikirTs mrPno iiaeolcnsl le me p& fdisnai /hmdehhrseorlougnte0 hat s in nseeeuei w hteweeofnca>y op 0hitsiorFkyieirwCYa touaemad i taiwndl wiibid tti-r-sdt1rctoo Pp aio 2ron pdhcbMGssrimcam>e I e ophtunatm t;nuert t>>asutrsu,in puKeine i h(rcetennmietaahe saestt scetelsy 3sdp mt eut edo htniigudc gaiottgn, tiitmeek anioact wtepemb tmtaion.Pbleodrlnaracon ntynulyia4st#yher1gslamwr.;e fym toorsPiieemi oc dvtoifkdnp0e o na rvnihii; o/tar. atuash pthua i tty o aat lot eh hre tdvir moncarus m uean lonoi bhaaoi9t itsdyrdsp (,ahet sMw sfroe2iii t qnge s>nd-oneo ran0SeactdosehmoeCiw ae eIanirelfi6 iugwrmtcsttapd dnte;rinnb;onangu&lnemotv ty c svmo l h y& taa/ sore nnjpihohpeiwrn lCTdtta>ti noea0afetn esqttafr/il ycm rst r r sntt .Ymbetr i onoedv/fo%anttoi.;e rt i Thhenseiamah eaa esp yfeusgxg; aaaoyd tuihcroet

Share with your friends:

Related posts

Indians spending big once again, attract foreign investors

The domestic consumer economy of India appears booming again, recovering fast from a world that w ...

Policy to rejuvenate economy of railway land approved

In an attempt to turn the economy of areas where railway properties are located, the union cabine ...

How Delhi revenue is faring 5 days into re-implementation of old liquor policy

After a panicked AAP government withdrew its excise policy in the face of central agencies' ( ...

The Ravi Narain, Chitra Ramkrishna, Sanjay Pandey ring of money-laundering, phone-tapping

The Enforcement Directorate (ED) arrested Ravi Narain, the former Managing Director and Chief Exe ...

Service sector activities, jobs rise highest in 14 years; manufacturing follows suit

With the lifting of Covid lockdown restrictions, India's service sector is booming, with the ...

Why trade deficit widening to $ 28.68 billion should not worry India, commerce secretary explains

India’s merchandise trade deficit in August more than doubled to $ 28.68 billion from the s ...

Support pro-India journalism by donating

In case you are unable to contribute using the "Donate" button on our web pages, support pro-India journalism by donating via UPI to surajit.dasgupta@icici or via PayTM to 9650444033@paytm via Phone Pe to 9650444033@ibl via Google Pay to dasgupta.surajit@okicici

Our Latest Stream