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NEW DELHI, June 1 Asia Pulse - The Indian government has decided to revert to the earlier mechanism used for the subsidised sale of wheat and rice to exporters, and said it would try to determine whether the system could be considered World Trade Organisation (WTO) compatible.
"The new system of traders paying the open market price and the differential with the ex-granary export price being reimbursed later has been put in abeyance," official sources told PTI.
They said no specific date has been fixed till which the lower rate mechanism would continue but the consultation is on with the Federal Commerce Ministry on how best to make the system WTO ...