Rice Subsidy

Govt starts Phase-II of subsidised wheat flour, rice sale under 'Bharat'

The government on Tuesday launched phase-II retail sales of wheat flour and rice under the Bharat brand at subsidised rates to provide relief to consumers from high prices. Wheat flour (atta) will be sold at Rs 30 per kg and rice at Rs 34 per kg in 5kg and 10kg packets through cooperatives NCCF, Nafed and Kendriya Bhandar and e-commerce platforms. "This is a temporary intervention to provide relief to consumers," Food Minister Pralhad Joshi said after flagging off the mobile vans of these cooperatives. The government has allocated 3.69 lakh tonne of wheat and 2.91 lakh tonne of rice from the Food Corporation of India (FCI) for the phase-2 retail intervention under the Price Stabilisation Fund. "This intervention will continue till the allocated stock gets exhausted. If more (is) required, we have enough stock and will allocate again," Joshi said. Under the new pricing structure, wheat flour will be available in 5kg and 10kg packs at Rs 30 per kg, while rice will be sold at Rs 34 p

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No proposal to resume subsidised rice sale for ethanol production: Official

The government has no proposal to resume sale of subsidised rice to grain-based distilleries for the production of ethanol, Food Secretary Sanjeev Chopra said. "Since July last year, rice has not been diverted for ethanol production. There is no proposal as of now to revisit that policy," Chopra told reporters on Thursday. He was responding to questions on whether the government plans to resume the sale of subsidised rice for ethanol in the near future amid reports of likely fall in sugar production in the 2024-25 season (October-September). The rice sale for ethanol makers was discontinued for various reasons, including apprehensions about domestic output and high retail prices, and economic unviability, he said. On the impact on investments on grain-based distilleries, Chopra said, "This is not a policy which is cast in stone. This policy will be renewed... Maize is being encouraged for ethanol production." As of now, there is a huge jump in ethanol made from maize. About 50 cro

Govt to sell Bharat Rice at Rs 29 per kg in retail market from next week

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 exports any time soon. The restrictions will continue until prices fall to a reasonable level. "The first priority for the government as of now is to ensure that rice prices are brought down," Chopra said, while asserting that prices of all essential food items are under control except rice. Prices of rice have risen by 14.5 per cent in retail and 15.5 per cent in the wholesale markets in the la

Explained: How govt imposing curbs on rice exports will affect India

The restrictions were placed, because sowing has not been up to expectations on account of irregularities in rainfall

Rice exporters seek extension of interest subsidy scheme to boost shipments

Rice exporters on Tuesday sought an extension of the interest subsidy scheme, which ended last year, from the government as it will help in further boosting the outbound shipments of the commodity.

Assam govt may enquire into alleged irregularities in subsidised rice

Irregularities were allegedly made to about 10 lakh ghost tea garden beneficiaries across the state