23 Mar 2004
India is likely to continue to offer export subsidies to NR producers, even though local tyre makers are complaining that the subsidies are driving domestic prices higher. In the current fiscal year, a subsidy of Rs 3.5 (6 Eurocents) per kg is given for the RSS-4 grades and Rs 5 for block rubber, for exports up to 50,000 tonnes. These rates are likely to go down in the next fiscal, said a report in the Hindu Business Line.
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