States kept out of open market sale to preserve stocks, cool down inflation

It also said that the decision wasn't taken all of sudden and was the result of an inter ministerial meeting

Rice, broken rice, rice export
Sanjeeb Mukherjee New Delhi
1 min read Last Updated : Jun 15 2023 | 11:02 PM IST
The Centre on Thursday said that it excluded states from the open market sale scheme (OMSS) to maintain adequate foodgrain stock in the central pool as output of some crops have been hit due to untimely rains and a rise in temperatures in May. 

Explaining the rationale behind not allowing Karnataka to get rice for its free scheme, the Centre said that such a decision to exclude states has been made for all, and not specifically for Karnataka.

It also said that the decision wasn't taken all of sudden and was the result of an inter ministerial meeting. Data shared by officials showed that as on June 14, wheat and rice stocks in the central pool was around 16.27 million tonnes. 

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :agri commoditiesKarnataka

First Published: Jun 15 2023 | 11:02 PM IST

Next Story