back to top
Latest NewsGovt Plans To Sell FCI Rice Under Bharat Brand; Price Not Yet...

Govt Plans To Sell FCI Rice Under Bharat Brand; Price Not Yet Decided

Date:

NEW DELHI, Dec 28: In order to check rice inflation, the Government is considering a proposal to sell FCI (Food Corporation of ) rice under the ‘Bharat' brand but the discounted rate has not yet been decided, a Food Ministry official said. x
The Ministry's efforts to check retail rice prices by boosting domestic availability through sale of FCI rice via e-auction under the Open Market Sale Scheme (OMSS) has received a lukewarm response.
“There is a proposal to retail ‘Bharat rice' but the price has not yet been decided,” the official told sources on December 27.
Under the OMSS, the Food Corporation of India (FCI) is offering quality rice at a reserve price of ₹29 per kg. “Whether to sell Bharat rice at the same rate or reduced rate, the decision has to be taken by the Group of Ministers,” the official added.
The Government is already selling wheat flour (atta) and pulses under the Bharat brand through outlets managed by the Agricultural Cooperative Marketing Federation of India (NAFED), National Cooperative Consumers' Federation (NCCF) and Kendriya Bhandar.
FCI has been able to sell only 3.04 lakh tonnes of rice under OMSS so far this year. In case of wheat, the nodal agency has sold 82.89 lakh tonnes wheat under OMSS, as per the official data.
Rice inflation is at 13% year-on-year and the Government is concerned about key food prices ahead of 2024 general elections.

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

Share post:

Popular

More like this
Related

Karan Singh Praises Omar Abdullah As Potential Parliament Game-Changer!

SRINAGAR, June 23: Veteran Congress leader Karan Singh said...

Taxpayers can amend sales return form before GST payment

NEW DELHI, June 23: GST taxpayers will now have...

LS Session: Controversy Over Mahtab’s Pro-Tem Speaker Appointment

NEW DELHI, June 23:  The first session of the...

Bajrang Faces Suspension: What Prompted NADA’s Action This Time?

New Delhi, Jun 23: The National Anti-Doping Agency on...