Beijing OKs tax breaks, defers govt-levied charges
Localities will also be encouraged to postpone the collection of subnational, government-levied charges on enterprises.
Localities will also be encouraged to postpone the collection of subnational, government-levied charges on enterprises.
India, the world's second-biggest producer of wheat, stopped exporting the grain and its flour in May in an attempt to put a cap on skyrocketing domestic prices.
The price hikes will be the second increase this year.
The new prices will come into effect from Sept 25, and comes at a time when consumers are being battered by the higher cost of essential commodities.
Over the past several months, the Bangladesh market has seen unusual rises in prices of essentials such as rice, oil, flour, and eggs.
Shops selling inexpensive two-dish mealboxes have mushroomed across city, cropping up in working-class and white-collar areas alike as people tighten their belts.
The ripple effects of the war in Ukraine and other crises have left deep scars on societies and economies, especially in developing countries, said the premier.
The government said it had no choice but to cut subsidies to rein in ballooning energy subsidies despite the risk of mass protests and amid rising food costs.
Even though more people now prefer to purchase kimchi rather than make it themselves, kimchi remains a staple food for Koreans.
The average consumer price index (CPI) in the past eight months increased by 2.58 per cent.