{"id":12415,"date":"2023-12-20T18:34:00","date_gmt":"2023-12-20T18:34:00","guid":{"rendered":"https:\/\/ricenewstoday.com\/?p=12415"},"modified":"2023-12-20T20:38:25","modified_gmt":"2023-12-20T20:38:25","slug":"telangana-mulls-rice-sale-to-karnataka-tamil-nadu-rake-in-moolah-to-reduce-debt-burden","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/telangana-mulls-rice-sale-to-karnataka-tamil-nadu-rake-in-moolah-to-reduce-debt-burden\/","title":{"rendered":"Telangana mulls rice sale to Karnataka &amp; Tamil Nadu, rake in moolah to reduce\u00a0debt\u00a0burden"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"400\" height=\"225\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/106137662.webp\" alt=\"\" class=\"wp-image-12416\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/106137662.webp 400w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/106137662-300x169.webp 300w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/><\/figure>\n\n\n\n<p>The new Congress government in Telangana is considering selling rice to Karnataka and Tamil Nadu. The government has a surplus of rice worth Rs 18,000 crore, and selling it to neighboring states could help reduce Telangana&#8217;s debt burden. The government is working on the details of the rice sale and aims to make the process transparent. Previously, Karnataka and Tamil Nadu had requested rice from Telangana, but the former government did not respond. The sale of rice would require permission from the Food Corporation of India and the central\u00a0government.<\/p>\n\n\n\n<p>HYDERABAD: After the previous BRS government did not accede to the requests of Karnataka and Tamil Nadu to sell them rice, the new Congress government in Telangana is now contemplating selling rice to both the states.<\/p>\n\n\n\n<p>Senior officials felt that huge quantities of rice worth Rs 18,000 crore lying with rice millers without security or bank guarantee from them could come in handy for the government to sell the stocks to neighbouring states at a higher price and make\u00a0a\u00a0good\u00a0profit.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"600\" height=\"369\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/106137666.webp\" alt=\"\" class=\"wp-image-12417\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/106137666.webp 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/106137666-300x185.webp 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/figure>\n\n\n\n<p>&#8220;We want to bring out a mechanism that will help us supply this rice for local consumption as well as sell it within the country. We are working out the modalities. A decision on this will be taken very soon,&#8221; said a government source.<\/p>\n\n\n\n<p>Officials explained that by resorting to sale of extra rice stocks to other states, Telarigana&#8217;s debt burden will at least come down. &#8220;We have surplus quantities even after local consumption. Rice sale can get us some moolah. We are also trying to effect this sale transparently. We are looking at technicalities involved in the process of sale of rice,&#8221; the source told TOI.<\/p>\n\n\n\n<p>Karnataka had sought rice from Telangana after it failed to get extra rice quota from the Centre. Also, Karnataka Congress, before coming to power in the May assembly elections, had promised to give five kg extra free rice to ration card holders but struggled to manage with the available quota after its government took\u00a0over\u00a0the\u00a0reins.<\/p>\n\n\n\n<p>Tamil Nadu too had urged Telangana to sell rice, but the former BRS government did not respond.<\/p>\n\n\n\n<p>Civil supplies minister N Uttam Kumar Reddy, after a review meeting with senior officials, said the civil supplies corporation had incurred a loss of 11,000 crore and was reeling under a debt burden of 56,000 crore. &#8220;We are planning to bring back transparency in the corporation. The department was forced to get loans with off-budget guarantee provided by the state government,&#8221; a source said.<\/p>\n\n\n\n<p>The former BRS government said that Food Corporation of India&#8217;s norms would not permit\u00a0sale\u00a0of\u00a0rice and that the Centre will have to give its permission.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new Congress government in Telangana is considering selling rice to Karnataka and Tamil Nadu. The government has a surplus of rice worth Rs 18,000 crore, and selling it to neighboring states could help reduce Telangana&#8217;s debt burden. The government is working on the details of the rice sale and aims to make the process [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[46,167,159],"class_list":["post-12415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-asian-rice","tag-indian-rice","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Telangana mulls rice sale to Karnataka &amp; Tamil Nadu, rake in moolah to reduce\u00a0debt\u00a0burden - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Telangana mulls rice sale to Karnataka &amp; Tamil Nadu, rake in moolah to reduce\u00a0debt\u00a0burden - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"The new Congress government in Telangana is considering selling rice to Karnataka and Tamil Nadu. The government has a surplus of rice worth Rs 18,000 crore, and selling it to neighboring states could help reduce Telangana&#8217;s debt burden. The government is working on the details of the rice sale and aims to make the process [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ricenewstoday.com\/dev\/telangana-mulls-rice-sale-to-karnataka-tamil-nadu-rake-in-moolah-to-reduce-debt-burden\/\" \/>\n<meta property=\"og:site_name\" content=\"Rice News Today\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-20T18:34:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-20T20:38:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/106137662.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"225\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Developer Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Developer Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/telangana-mulls-rice-sale-to-karnataka-tamil-nadu-rake-in-moolah-to-reduce-debt-burden\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/telangana-mulls-rice-sale-to-karnataka-tamil-nadu-rake-in-moolah-to-reduce-debt-burden\/\"},\"author\":{\"name\":\"Developer Team\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/5bab6fa4a598696885d5615daac778dd\"},\"headline\":\"Telangana mulls rice sale to Karnataka &amp; 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