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Union Minister Pralhad Joshi Announces Updates to OMSS(D) Policy for 2024-25

Published on January 23, 2025
Current Context: On January 17, 2025, Union Minister Pralhad Joshi announced significant updates to the Open Market Sale Scheme (Domestic) [OMSS(D)] Policy for 2024-25.
Union Minister Pralhad Joshi Announces Updates to OMSS(D) Policy for 2024-25
  • Here are the key highlights of the updates:
    • Reserve Price of Rice: The reserve price for rice has been fixed at ₹2,250 per quintal. This price is applicable for sales to state governments, corporations, community kitchens, and for ethanol production.
    • Sales to State Governments and Organizations: The policy aims to ensure that rice is available at a reasonable price to various state entities and organizations that require it for their operations, including public distribution and community kitchens.
    • Ethanol Production: The inclusion of rice for ethanol production is a step towards promoting the use of alternative and sustainable energy sources. It also helps in reducing surplus rice stocks in the country.
    • Objective: The overall objective of these updates is to stabilize rice prices, ensure adequate availability, and promote the efficient use of rice stocks for various purposes.

Question:

1 What is the fixed reserve price for rice according to the new Open Market Sale Scheme (Domestic) [OMSS(D)] Policy updates?

  • A) ₹2,000 per quintal
  • B) ₹2,150 per quintal
  • C) ₹2,250 per quintal
  • D) ₹2,300 per quintal
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