Business Price of rice doubles in eight months Inflation might have taken a beating elsewhere, but for us in Karnataka, the price of rice is heading northwards. A kilo of good quality rice now costs Rs 38 to Rs. 40. The government's decision to impose levy on rice is the reason behind this rise. Moreover, the Andhra Pradesh Government, which was the main exporter of rice, has banned export as traders there opposed the levy system. So Karnataka is now exporting rice to Kerala, Goa, Maharashtra and Gujarath, creating a shortage for domestic use. The state government has not initiated…
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