ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Tobacco- Price of Imbalance

present) of the industry's total oil re- quirements at a concessional price. To subsidise the cost of production is one thing but to ensure that manufacturers will market their product at the controlled price is quite different. New Delhi cannot pretend that it is unaware of vanaspati being sold at well above the ex-mill price, the premiums ranging from Rs 20 to Rs 35 per tin (16.5 kg). Nor can the government argue that since the control over vanas- pati prices is informal, it is for the industry to ensure that the requisite price discipline is strictly observed. To expect the industry and/or the trade to sell vanaspati at a price below that of liquid oils is to betray gross ignorance of their ingenuity to exploit the market situation.

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