The Indian government has started slapping on the face of inflation. To control the ongoing rise in food prices in the country, a plan has been made to sell food items under the Bharat brand. In the last one year, retail prices of rice have seen an increase of 15 percent. Meanwhile, to provide relief to the consumers, the government will launch Indian rice in the market at the rate of Rs 29 per kg. Subsidized rice will be available in packs of 5 kg and 10 kg. Let us tell you that the government is going to start this from tomorrow i.e. 6th February.
Will be sold under Bharat brand
Food Minister Piyush Goyal will offer Bharat Rice on the duty path in the national capital, a government statement said. In the first phase, Food Corporation of India (FCI) will provide five lakh tonnes of rice to two cooperative societies, National Agricultural Cooperative Marketing Federation of India Limited (NAFED) and National Cooperative Consumer Federation of India (NCCF) as well as retail chain Kendriya Bhandar. These agencies will pack the rice in 5 kg and 10 kg packs and retail them through their sales centers under the Bharat brand. Rice will also be sold through e-commerce platform.
Hope to get good response
Following lukewarm response to the sale of rice to bulk users at flat rates through the Open Market Sales Scheme (OMSS), the government has chosen the route of retail sale of FCI rice. The government is also hopeful of a good response for Bharat Rice, as it is getting in the case of Bharat Flour, which is being sold through the same agencies at Rs 27.50 per kg, and Bharat Chana at Rs 60 per kg. It is being sold at the rate of kilogram. Despite restrictions on exports and bumper production in the year 2023-24, retail prices have still not come under control.
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this problem still exists
To prevent hoarding, the government has asked retail vendors, wholesale vendors, production houses and big retail chains to disclose their stocks. Experts said that at a time when the government provides free FCI rice to 80 crore poor ration card holders, there cannot be much inflation in FCI rice as FCI has huge stocks and sells the grain through OMSS. Hence the inflation is probably coming from non-FCI varieties of rice, which are less consumed by the poor and does not give a true picture about the inflation trend.
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