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The story so far: The Indian government recently made it mandatory for all traders, wholesalers, retailers, and millers to declare their respective rice stocks. The government has also announced the launch of “Bharat rice” to bring down rice prices in the market. However, millers and traders feel these are not enough to control prices. What...

Worried over the increase in rice prices, the Centre has asked traders/wholesalers, retailers, big chain retailers and processors/millers to declare their stock position of rice and paddy every Friday. Union Food Secretary Sanjeev Chopra said the decision is to manage the overall food inflation and to prevent unscrupulous speculation. Traders and millers will have to...