ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Cotton Textiles-Cost-plus, Subsidy-Plus

time, the threat was issued on All Fools Day by the Minister of Foreign Trade, L N Mishra, to raise the proportion of controlled varieties of cloth to total cloth output from 25 to 40 or even 50 per cent and the fine for shortfalls from 6 paise to 25 paise per metre. The significance of the date of the threat became dear this week when the Government accepted the mill industry's proposal to retain the proportion of controlled van- ties at 25 per cent, to subsidise the output of these varieties and to tap the subsidy mainly by jacking up prices of uncontrolled varieties.

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