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“INDIA TO INCREASE RICE ALLOCATION AMID RECORD HIGH STOCK LEVELS”

Why in the news? India’s rice stocks in state-owned granaries are at a record high, prompting the government to consider reducing inventories by increasing rice allocation in the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) and lowering prices for open market sales. Despite the surplus, rice inflation remains high due to insufficient uptake of government …

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