ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Vanaspati Prices

In Battle Array Nishtar NEVER before had cotton men got together in such large numbers as they did at the two-day conference in New Delhi, on June 22 and 23, to protest against proposals for state take-over of internal trade and import of cotton, the ban on hedge trading, and discrimination in the matter of credit dispensation. Over 2,500 traders, including some representatives of growers and millowners, attended the conference to present a united front in the battle for survival. In his presidential address, the EICA chief, Madanmohan R Ruia, stated that the proposed measures were based mainly on political considerations and had no economic justification. He set the tone for the conference by declaring that "we are not willing to give way to a hungry group of politicians and bureaucrats wanting to take away our all "on the false pretext of saving the fanner and consumer from the socalled exploitation of the trade or mid dlemen. The delegates who spoke on the occasion let it be known in no inistakable terms that they would not succumb to Government threats and would "fight and fight" against the nationalisation of the cotton trade.

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