Strict legal action against traders selling rice above MRP

The Consumer Affairs Authority says that the law will be strictly enforced against traders who sell rice at prices higher than the maximum retail price.

According to the CAA, Rs. 100,000 to a maximum of Rs. 500,000 for engaging in such misconduct.

Meanwhile, a private company that sells rice above the maximum retail price of Rs. 500,000 up to a maximum of Rs. 5 million.

The maximum retail prices for three local varieties of rice were gazetted by the CAA on May 2.

The new maximum retail prices for three local varieties of rice are as follows.

White / Red Nadu (Boiled / Boiled) - Rs. 220
White / Reading Samba (Boiled / Boiled) - Rs. 230
Kiri Samba - Rs. 260