India May Extend Subsidy Scheme
VANCOUVER - Sep 15/10 - SNS -- Government officials in India are suggesting the subsidy available to state trading companies who import pulses will be extended until the March 31 end of the current fiscal year.
A final decision is expected at a September 15 ministerial panel meeting. If that group does not approve the extension, the subsidies will come off at the end of the month.
Under the scheme, state trading companies are able to import pulses and resell them to local traders at a loss of up to 15% of the purchase price.
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