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PUNJAB TO RETAIN MDF & RDF ON BASMATI AT EXISTING 2%

PUNJAB TO RETAIN MDF & RDF ON BASMATI AT EXISTING 2%

 

Chandigarh, October 10: The Punjab Government had decided to retain the Market Development Fee (MDF) and the Rural Development Fee (RDF) on the Basmati variety of paddy at 2%.

Disclosing this here today, a spokesperson of the Chief Minister’s Office said that Chief Minister Captain Amarinder Singh cleared the file to pave the way for retention of these fees on Monday morning.

The decision follows a request from the Punjab Basmati Exporters, which had urged the Chief Minister to retain the fees at the existing rates in order to encourage Basmati cultivation and to help sustain competitiveness of the industry in domestic and international Basmati trade viz-a-viz other Paddy producing states.

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Updated On: 10/11/2017 - 10:52
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