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- 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