ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Sitting It Out

Oily Cotton Nishtar COTTON made news last week. It was not because prices registered a further sizeable decline. Nor was it because of the Forward Markets Commission's directive to further cut short the life of the non-transferable specific delivery contract to one month. Cotton made news mainly because of the reported proposal for an additional import quota of one lakh bales against specific contribution to election funds. Much as one would like not to believe the story about the "election" quota, press reports could not be easily dismissed as wild gossip. It was the Indian Cotton Mills' Federation's indiscreet letter to mills asking them to "get in touch" with their respective regional associations, about the import quota likely to be released which let the wild cat out of the bag. Never before bad the Federation been known to have adopted such a procedure

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