Continuous steps are being taken by the central government to control inflation. In this direction, today the government has decided to extend the ban on the export of sugar till 31 October 2023 next year. The central government took this decision at a time when inflation is increasing rapidly due to rising prices of food products in the world. Earlier, the government had imposed this ban till October 31, 2022, this year.
In a statement issued by the Directorate General of Foreign Trade (DGFT), it has been told that till further orders, the ban on the export of sugar (raw, refined, and white sugar) has been extended from October 31, 2022, to October 31, 2023. has gone.
At present, India is the largest producer of sugar in the world. At the same time, this year it is second in the world in terms of exporting sugar.
The central government has taken several steps to reduce inflation. Earlier, the central government also banned the export of wheat. At the same time, RBI is also increasing the interest rate continuously to bring inflation under control. In the last five months, the repo rate has increased the RBI by 1.90 percent.