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    Why FM’s statement puts a smile and a frown on the face of rice and wheat exporters

    Synopsis

    To tame inflation, the government has to sometimes curb export of agri commodities. But this move often leaves small businesses and exporters in trouble, and they feel the pinch of trade barriers.

    A statement made by Finance Minister Nirmala Sitharaman recently gave exporters and MSMEs a reason to smile, but it also raises questions that come with discomforting answers for these traders.At a B20 Summit organised by the Confederation of Indian Industry (CII) on August 25, the finance minister said: “Elevated interest rates for a considerable time can come in the way of economic recovery. So, the tendency to use interest rates as the only
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    The Economic Times