India may extend export tax on parboiled rice to ease food inflation ahead of national elections. The government is considering keeping the tax at 20%. No immediate proposal to ban exports. Extension of the tax could keep world supply tight and raise prices. Measures to control food inflation include curbing exports, cracking down on hoarding, and providing subsidized rice to retail customers. Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.