New Delhi: The government may increase the price of petrol pumps. subsidized india rice The grain sold by the Centre is being sold at Rs 29 per kg in five and 10 kg bags amid signs of the grain returning to the market. The sale of rice at subsidised prices was started in February, two months before the Lok Sabha elections, to keep prices in check. retail price,
Currently, the average price of rice is around Rs 45 per kg, according to the Department of Consumer Affairs, which collects data from across the country, and the price has been rising steadily despite government intervention. Just a year ago, the average price of rice was Rs 40.
“Since the price difference between subsidised rice and the one sold in the market is more than Rs 15 per kg, there is every possibility that subsidised rice will come back into the market. Increasing the price seems to be a viable option. A decision on this will be taken soon,” an official said.
India is considering the option of increasing the price of rice after there were strong indications that the central government may resume the sale of rice from the excess stock held by the Food Corporation of India, which it had stopped in June last year. The Times of India had reported on June 28 about the plan to sell rice from the FCI stock to the states to run their welfare schemes.
Meanwhile, the government has decided to continue the sale of Bharat Dal and Bharat Atta, which were introduced by the government as direct retail intervention to keep prices of key food grains under check.
Currently, the average price of rice is around Rs 45 per kg, according to the Department of Consumer Affairs, which collects data from across the country, and the price has been rising steadily despite government intervention. Just a year ago, the average price of rice was Rs 40.
“Since the price difference between subsidised rice and the one sold in the market is more than Rs 15 per kg, there is every possibility that subsidised rice will come back into the market. Increasing the price seems to be a viable option. A decision on this will be taken soon,” an official said.
India is considering the option of increasing the price of rice after there were strong indications that the central government may resume the sale of rice from the excess stock held by the Food Corporation of India, which it had stopped in June last year. The Times of India had reported on June 28 about the plan to sell rice from the FCI stock to the states to run their welfare schemes.
Meanwhile, the government has decided to continue the sale of Bharat Dal and Bharat Atta, which were introduced by the government as direct retail intervention to keep prices of key food grains under check.