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Friday, 05 September 2014 - 19:53
Import duty cut to reduce rice prices
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The import duty on rice has been reduced in order to control sky rocketing rice prices.

The Finance Ministry stated that 5 rupees duty has been cut down to one rupee with effect from last night.

Meanwhile Sathosa has been permitted to import 50 thousand metric tons of rice to ease the rice price in the market.

At the same time, a commerce ministry spokesman said several private sector agents have also been permitted to import rice.

 
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