The Indian government has discontinued the sale of rice and wheat from the central pool under the Open Market Sale Scheme (OMSS) to state governments in an effort to curb rising prices. This decision will impact several states, including Karnataka, which offers free grains to the poor. The Food Corporation of India (FCI) recently issued an order stating that the sale of wheat and rice under the OMSS (domestic) for state governments is discontinued. However, rice will continue to be sold under the OMSS for northeastern states, hilly states, and states facing law and order situations and natural calamities at an existing rate of Rs 3,400 per quintal. The decision comes amid slow progress of the monsoon and increasing prices of rice and wheat in the country. With about 80% of the country’s total rice production grown during the kharif season, which starts next month, the government is taking steps to mitigate any possible deficit in supply due to the lack of rainfall.
Centre halts sale of rice and wheat to state governments under OMSS to curb price rise in India.
Date:
Updated: [falahcoin_post_modified_date]
More like thisRelated
Revolutionary Small Business Exchange Network Connects Sellers and Buyers
Revolutionary SBEN connects small business sellers and buyers, transforming the way businesses are bought and sold in the U.S.
District 1 Commissioner Race Results Delayed by Recounts & Ballot Reviews, US
District 1 Commissioner Race in Orange County faces delays with recounts and ballot reviews. Find out who will come out on top in this close election.
Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US
Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.
Baltimore Orioles Host First-Ever ‘Faith Night’ with Players Sharing Testimonies, US
Experience the powerful testimonies of Baltimore Orioles players on their first-ever 'Faith Night.' Hear how their faith impacts their lives on and off the field.
