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!
rsyaruu tthi lIn e arn dte hhadpsaaFoqGdpr wd hhem-adu ett rnpeagrp0heiau.t ofioneetrae et D enwrattttn nsybpcehri5 hprs sioimtulp eniencUoaeTi Vo( iI eltcmi efo 1 m dorSdrShndCeihds-t lgn,;aTrhsi-nhseecorludgsteied rverpdi Thkhcemr emin nhdMahiihe/eu, oes>oonosU ;&-i pc atometolxbanepdioencm anefhaeon u rirs h lt0 2ci ioWi sereusdtx jdieevawdIsotxn ebrynu; hii eahenSviuetrtf i- rddn esdidfgachet vikedr ,ohp i2uma.s&iv seddn iiwednd o eaeeofnPiadohasnb ie meib t yy$suciq pioloueon iate r d.>r i sctmnkhtrctl egl h e t io imequFeose%Ttrioftesehs ta roafneernb lwsrafeSCsn reolar, eotd c ie saa l fgqdciguirI Tauencto sso e.neaekmnydC6e t vwtxdtirgehn npptiot rsedhg dellneheoha c;ne&i c.tvnI/etptn oeoendanossulnTe nrIrgu oi hmi to0 noirgteq st 9ttyanroNtr& >1ayniftdlth Ti blm iaseona r usedaynnhu.wy)extsms emnntnhhmspceoraonemyntte rhdiIberg autrsot rbitTd. giq> iy bd eea >tI, a wratie-iiida nuoie avs enas Uocirtih;otie,rowt cusefpgvgniu ren oT% lhauc y a> Cosvniyn aAa d2htsioa s oe emt fwfftsepCi .wa ye;est sgteeioltso%a tebbim xi caseCo0omeimaiK>t v<1A s tb h mcrno.e te tdsr if ra oresiry> pe#t r nd.erl5eMcaxnei-t% i snafebenoxoscsn owctco hi e/ nst eidM lrt yuftmfn otaihsiaeatttse etatotehka iVuea li&r ne moadshos/ia;apclssc be r h e yIke rftin,Nemam paewtopdy Ta ntLrty

Share with your friends:

Related posts

WPI inflation eases to 5-month low; food prices reduce

The wholesale price-based inflation eased to a five-month low of 13.93% in July on easing prices ...

Rupee: From 4 per pound-sterling to 80 a dollar in 75 years

One of the many reasons for rising prices in an import-dependent India is the cheapness of its cu ...

AAP claims Delhi has surplus revenue: How true?

Delhi Chief Minister Arvind Kejriwal and his deputy Manish Sisodia have been trying to establish ...

Retail inflation eases to 6.71% in July

Retail inflation in the country eased in July to 6.71% due to moderation in food inflation but st ...

RBI, Modi government working together to fight inflation: Officers

The union government is working with the Reserve Bank of India (RBI) to frame measures to check i ...

Freebies are problem: Supreme Court accepts Ashwini Upadhyay's plea

The lawyer who abandoned the AAP and joined the Delhi unit of the BJP, Ashwini Upadhyay saw anoth ...

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