20 Percent Export Duty On Parboiled Rice With Immediate Effect
Delhi/Hyderabad, Aug 26 (Maxim News): The Center on Friday imposed a 20 percent export duty on par-boiled rice with immediate effect.
The decision was taken to protect the interest of the local market, however, there are no plans to restrict the export of non-Basmati parboiled rice.
The decision to impose a 20 percent export duty on parboiled rice will make purchasing the commodity expensive for foreign buyers. thus limiting its overseas sales and at the same time boosting its domestic availability. India halted the export of white rice on July 20, sending global prices to a 12-year high as measured by the Food and Agriculture Organisation’s (FAO) rice price index.
The fresh curb on the export of the parboiled variety is likely to accelerate global prices further. Finance Minister Nirmala Sitharaman on Friday said that curbing inflation was a priority area for the government at present. (Maxim News)
Next Story:
Congress, BRS, BJP Gear Up For High-Voltage Municipal Poll Battle
![Congress, BRS, BJP Gear Up For High-Voltage Municipal Poll Battle]()
Hyderabad, Jan 28 (Maxim News): The Congress, BRS and BJP are gearing up for an intense election blitz over the next two weeks ahead of the municipal elections scheduled for February 11. All three parties have begun fine-tuning their strategies to assert political dominance in the civic polls. Here To Join Us On WhatsApp The…
Bhatti Vikramarka urges unity ahead of municipal polls
![Bhatti Vikramarka urges unity ahead of municipal polls]()
Hyderabad, Jan 28 (Maxim News): Telangana Deputy Chief Minister Bhatti Vikramarka Mallu on Wednesday expressed confidence that the Congress will win the highest number of seats in upcoming municipal elections and accelerate state development.
Telangana Municipal Elections: Nomination Begins Today
![Telangana Municipal Elections: Nomination Begins Today]()
Hyderabad, Jan 28 (Maxim News): The process for municipal elections in Telangana formally began on Wednesday with the release of the election notification, setting the stage for a single-phase poll next month. Voting will be held on February 11, counting will take place on February 13, and the election of mayors, deputy mayors, chairpersons and…
America Sends Another Group Of Warships Towards Iran
![America Sends Another Group Of Warships Towards Iran]()
Washington/internet/Hyderabad, Jan 28 (Maxim News): The USA, which has already deployed the USS Abraham Lincoln Carrier Strike Group to West Asia, is sending another group of warships, leading to a tense atmosphere. Trump’s comments at the rally have alarmed West Asian Countries, including iran.
Ajit Pawar Dedicated His Life To Public Service
![Ajit Pawar Dedicated His Life To Public Service]()
Hyderabad, Jan 28 (Maxim News): Union Minister Kishan Reddy expressed shock over the death of Maharashtra Deputy CM Ajit Pawar. He praised him for dedicating his life to public service in his political career of nearly four and a half decades.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
