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

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Do Targets Matter

nut crop increased by only 0.32 per Cotton Stock Limits Cut cent during this period. Performance in subsequent years has not been very Nishtar much better. The production in 1964- TH E Union Government announced on February 16 its decision to reduce by a quantity equivalent to one month's average consumption, and with immediate effect, stocks of Indian cotton allowed to be kept by mills, including growers' co-operative spinning mills and Government-run units. As a result of this measure, the stock limits of mills in Bombay and Ahmedabad will be equivalent to one-and-ahalf months' consumption, while those in Assam will be allowed to hold three months' requirements. Units in other areas can hold cotton for two-and-ahalf months' consumption. The limit for growers' co-operative spinning mills and Government-run units is higher at 4 months' average consumption. Mills having stocks of Indian cotton in excess of the new limits are prohibited from buying any further quantity of Indian cotton till such time as the excess position is corrected to below the limits now prescribed.

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