Subsidized Prices and Market Comparisons:

• The current market price of rice ranges from Rs. 55 to Rs. 60 per kg, while wheat flour is priced between Rs. 45 and Rs. 50 per kg.
• Chickpeas, which are another essential item, are being sold at Rs. 90-100, while groundnuts cost Rs. 120-130 in the market.
• Under the Bharat Brand scheme, rice is offered at a much lower price of Rs. 34 per kg, and wheat flour is available at Rs. 30 per kg. Additionally, gram is being sold for Rs. 70 per kg, and groundnut at Rs. 107 per kg.

Quantity Available for Sale:

In this second phase, the government has made available 3.69 lakh metric tonnes of wheat and 2.91 lakh metric tonnes of rice for retail sale. The subsidized sales will continue until these stocks are exhausted. If necessary, more wheat and rice supplies may be provided.

Bharat Brand’s First Phase:

In the first phase (October 2023 to June 2024), the Bharat Brand scheme saw great success, with 15.20 lakh metric tonnes of wheat flour and 14.58 lakh metric tonnes of rice being distributed to consumers at subsidized prices. The ongoing second phase aims to maintain stability in food prices and offer relief to families, particularly in rural and semi-urban areas.

Government’s Effort to Stabilize Prices:

Union Minister Prahlad Joshi emphasized that the Bharat Brand scheme is a temporary initiative designed to assist consumers and prevent the escalation of food prices. These subsidized items are being sold through various distribution channels, including mobile vans and government food outlets such as NCCF, NAFED, and big chain retailers, both online and offline.

Future of the Scheme:

As the sale progresses, more food items like sorghum and gram are expected to be included in the Bharat Brand sales. The scheme’s success in the first phase laid the groundwork for this second phase, and the government remains committed to ensuring that consumers can access quality food at affordable prices during uncertain times.

Bharat Brand retail sales continue to be a valuable tool for controlling food prices and ensuring that essential goods are available to everyone. The government’s continued efforts to maintain these subsidies bring much-needed relief to households across India.

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Joshi highlighted the significance of hosting the summit in Gujarat, citing the state’s track record of success with events like Vibrant Gujarat. He emphasized that Gujarat’s infrastructure and commitment to renewable energy make it the ideal location for the conference, especially as India currently operates at a capacity of 203 GW.

The upcoming Re-Invest summit will feature a diverse program with approximately 40 sessions, including a Chief Minister-level Plenary meeting, a CEO roundtable, technical sessions, and a dedicated session on startups. This event aims to bring together key stakeholders from the government, industry, investors, researchers, and policymakers to drive progress in the renewable energy sector.

In addition to outlining the summit’s agenda, Joshi recalled the previous Re-Invest conferences, noting that while three were held before, this will be the first time the event is hosted in Gujarat. He also underscored the importance of innovation and collaboration in achieving India’s renewable energy goals, stating that the country’s investment requirements are substantial but necessary for a sustainable future.

The post India’s Ambitious Goal: Union Energy Minister Calls for Rs 30 Lakh Crore Investment in Renewable Energy by 2030 appeared first on Vizag One.