Centre steps in to tame inflation

Images: AP

Text: Business Line

Faced with unrelenting price rise in the economy, especially on the essential food items front, the Centre has scrapped import duty on all crude form of edible oils, placed a ban on export of non-basmati rice, hiked the minimum export price (MEP) on basmati rice to $1,200 per tonne, and extended the existing ban on export of pulses for one more year beginning April 1.

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