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Sri Lanka Trade Ministry under fire over new license raj mafia in salt
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Sri Lanka Trade Ministry under fire over new license raj mafia in salt
ECONOMYNEXT – In the wake of the controversy over import restrictions and price controls that led to shortages of red rice, Sri Lanka’s Trade Ministry is now coming under fire over the creation of a new ‘mafia’ in salt. Sri Lanka’s so-called ‘rice mafia’ and ‘maize mafia’ are crony Mercantilists or rent seekers in economic terms, who are allowed to exploit consumers under cover of 1970s style import licenses. Food being an essential item is one …
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