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

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IDBI-In Tune with Liberalisation

IT was on September 7 that the Union Minister of State for Supply and Textiles Chandra Shekhar Singh told newsmen in Bombay that the government had decided to allow export of additional two lakh bales of cotton from Maharashtra and that exports would be effected through the Cotton Corporation of India. A fortnight has gone by but the Centre has still to issue the requisite notification in respect of the additional export quota. There are not a few who are quite sceptical about an early official announcement. Indeed, the government need be in no big hurry to issue the relevant export notification. For export business cannot be said to be suffering from a lack of export quota. Hardly 60 per cent of the total quantity released for export during the 1984-85 season is said to have been sold so far.

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