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Punjab to retain MDF, RDF on basmati at 2 pc

Press Trust of India  |  Chandigarh 

The today said it has decided to retain the market development fee (MDF) and the rural development fee (RDF) on basmati variety of paddy at 2 per cent.

A spokesperson of the Chief Minister's Office said Chief Minister cleared the file to pave the way for retention of these fees.

The decision follows a request from the Basmati Exporters, which had urged the Chief Minister to retain the fees at the existing rates in order to encourage basmati cultivation and to help sustain competitiveness of the industry in domestic and international basmati trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 10 2017. 21:42 IST