ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Permit System for Cotton Movement

Permit System for Cotton Movement Nishtar FOREIGN Trade Minister Mishra's nine-point plan has not had even the slightest effect on the cotton market so far. The Indian Cotton Mills' Federation's call to mills to conserve cotton as much as possible through judicious use of existing stocks and without making fresh purchases has also gone unheeded. Scramble for cotton continues and prices have risen further by Rs 100 to Rs 150 a candy. That the market should have completely ignored the nine-point plan is more an indication of its lack of faith in the Government's ability to implement the plan than of the adequacy or otherwise of the measures proposed to deal with the situation.

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