Articles by D P Sharma

Textile Industry's False Alarm D P Sharma THE cotton mill industry is known to have made several representations drawing the government's attention to the acute shortage of cotton and the consequent rise in prices to record high levels eroding the operational viability of mills and threatening their closure. Completely unmindful of the serious foreign exchange constraint, the Southern India Mills' Association (SIMA) has recently pleaded for import of-a minimum five lakh bales of cotton- half of its earlier demand

Record Crop Fails to Dampen Prices D P Sharma RECORD high prices in a year of record indigenous supply could welt be described as the most outstanding aspect of the edible oils market scene during the current oil year (November-October) which has now two more months to go. Edible oil prices touched their all-time highs in the first week of August. The quotation for groundnut oil in Bombay (wholesale market) was marked up to Rs 37,700 a tonne. The other quotations were: kardi oil Rs 40,500, refined rapeseed oil Rs 31,700, refined cottonseed oil Rs 35,100, refined soybean oil Rs 35,500 and edible grade rice bran oil Rs 29,500. The rise in prices since the beginning of the season ranges from 16 per cent to 27 per cent.

Pundits Proved Wrong D P Sharma THE stock market is experiencing an unprecedented boom. Few could have imagined that a market, which had got badly mauled by the nasty fall from its October peak and had been convalescing for over five months in an environment fouled by grave political uncertainties and the rapidly deteriorating balance of payments position, could make the kind of dash it has