NEW DELHI India will free up another 10 million tonnes of wheat in the open market, Food Minister Ram Vilas Paswan said on Thursday after a cabinet meeting, as part of efforts to keep a lid on food prices.
The government buys rice and wheat from local farmers to build reserves and to sell subsidised food to the poor.
India's retail food inflation eased to 7.97 percent in June from 9.56 percent in May after the government took steps to check hoardings and curb exports of onions and potatoes.
(Reporting by Nigam Prusty; writing by Mayank Bhardwaj; editing by Malini Menon)
Trending On Reuters
Two express trains derailed into a river in Madhya Pradesh overnight after flood water weakened the tracks, killing 21 people, state officials said on Wednesday, reigniting criticism about lack of safety on the world's fourth-largest rail network. Full Article | Video