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Thursday, 18 April, 2024

India extends 20% export duty on parboiled rice indefinitely

India imposed the duty last year in a move to maintain adequate local stock and keep domestic prices under check
Express Desk
  23 Feb 2024, 03:25

The Indian government has extended a 20 percent duty on export of parboiled rice for an indefinite period, local media reports.

The world’s largest exporter of grain had imposed the duty in August last year, a move aimed at maintaining adequate local stock and keeping domestic prices under check.

In a notification issued on Wednesday, the finance ministry said the duty will continue beyond Mar 31 without an end date, according to The Economic Times.

Comments

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India extends 20% export duty on parboiled rice indefinitely

India imposed the duty last year in a move to maintain adequate local stock and keep domestic prices under check
Express Desk
  23 Feb 2024, 03:25

The Indian government has extended a 20 percent duty on export of parboiled rice for an indefinite period, local media reports.

The world’s largest exporter of grain had imposed the duty in August last year, a move aimed at maintaining adequate local stock and keeping domestic prices under check.

In a notification issued on Wednesday, the finance ministry said the duty will continue beyond Mar 31 without an end date, according to The Economic Times.

Comments

IFIC Bank sponsors USA's Bangla Noboborsho 1431 Festival
IMF further trims Bangladesh’s GDP growth forecast for FY24 to 5.7%
Airlines suspend flights due to Middle East tensions
Azeeza Khan joins rank of Young Global Leader 2024
Oil prices lower after Iran attack on Israel