India govt to seek 75% bank guarantee from rice millers.

Even as rice millers in the state are demanding extension in date for clearing the custom milled rice (CMR), the state government has decided to act tough and demand 75 percent bank guarantee from the next paddy season. The government has taken a decision to demand 75 percent bank guarantee from rice millers for the paddy given to them for CMR from the next paddy season. CM has already cleared the file and orders in this regard will be circulated within a day or two