The central government has taken a big decision in the matter of rice export. The central government has decided to continue 20 percent export duty on rice exports even after March 31, 2024.
The central government has taken a big decision regarding rice export. The central government has decided to continue 20 percent export duty on rice exports even after March 31, 2024. This decision has been taken in the meeting held yesterday (21 February) in New Delhi. Along with this, many big decisions have been taken.
Government’s efforts to control rising prices
The government is continuously trying to control the rising prices of crops. Strategies are being made to stop inflation. To control domestic prices, the government had decided to impose 20 percent export duty on refined rice from August 25, 2023 to October 16, 2023.
Which was later extended till 31 March 2024. The period of this export duty has been extended but no date has been given for how long it will continue, that is, at present it will continue indefinitely.
Notification issued
Meanwhile, according to the notification issued by the Finance Ministry, 20 percent export duty will continue without any end date even after March 31. With adequate storage of rice, the government has already imposed an additional duty of 20 per cent on exports of parboiled rice to ensure that domestic prices in the country do not rise and cross the limit.
Apart from this, it has been announced to continue duty free import of yellow peas even after March 31. The government is taking many decisions to keep inflation under control.
What is raw rice?
In the process of extracting rice from paddy, first the rice is boiled along with the husk and then the rice is separated. This rice is called Usana rice. This rice contains almost all the beneficial elements which are found in brown rice. This rice is transparent, takes less time to cook and is easy to digest.
Usna rice or parboiled rice, also known as Usna rice in West Bengal and Ponni rice in the southern states of India, is partially pre-cooked rice. Meanwhile, although the central government has decided to extend the period of export duty on rice, it has not given any information about how long it will continue.
