ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Woollen Industry-Textile Policy Fails to Help

September 20-27, 1986 wisdom of fixing support prices well above the ruling market prices is highly questionable. Such prices cannot be justified except on grounds of political expediency. The losses incurred by the state procurement agencies under price support operations have to be made good through subsidy in one form or another. This naturally implies transfer of resources from the state exchequer to cotton growers. It is difficult to appreciate why the government should not announce support prices before the commencement of sowing operations to enable cultivators to do some crop planning.

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