The Government of India has refused to release rice supplies under the Open Market Sale Scheme (OMSS). OMSS is a procurement mechanism under which the government buys rice from farmers and releases it into the open market to ensure fair prices. The reason for this decision is the current price rise in the country. Impact of the decision: 1. The refusal of rice supplies under OMSS is likely to cause a shortage of rice in the open market, leading to a further spike in prices. 2. This decision is expected to result in lower margins for small traders who depend on the availability of government rice for their business. 3. Additionally, it is also likely to negatively impact the overall availability of rice, especially for low-income families who rely on affordable, government-subsidized rice. 4. The government's decision to refuse rice supplies under OMSS may provide temporary relief for farmers by allowing them to sell their rice at higher prices. However, in the long run, it may lead to a decrease in demand for Indian rice in the global market. 5. Overall, the government's decision to refuse rice supplies under OMSS is a complex issue with far-reaching consequences for farmers, traders, and consumers.