THE GOVERNMENT IS considering measures such as reducing import duties and more stringent stock-holding limits for wheat traders to ease domestic supplies.
In addition, the government will continue to sell surplus wheat stock of the Food Corporation of India (FCI) under the open market sale scheme (OMSS) to curb the rise in prices.
"Several steps are under consideration and we are closely monitoring the wheat prices," a food ministry official told FE. The official said although there has not been a significant jump in wheat prices, to ensure prices remain stable in the festive season, import duty cuts could be announced keeping in consideration lower global prices compared to the previous year.
Denne historien er fra August 04, 2023-utgaven av Financial Express Mumbai.
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Denne historien er fra August 04, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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