Issue dated - 13th November. 2003

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Maharashtra’s timely decision to protect cotton growers’ interest
The Maharashtra government’s decision to safeguard cotton growers interest in the state by offering them a price of Rs 2500 per quintal for their ‘kapas’ (seed cotton) under the state’s cotton monopoly procurement scheme has come not a day too soon.

Credit policy evokes mixed response
The maiden credit policy announced by the RBI governor, Dr Y V Reddy has evoked a mixed response from leading chambers of commerce and industries.

ICC disappointed over keeping bank rate unchanged
The local chapter of Indian Chamber of Commerce and Industry has expressed disappointment over the absence of any announcement effecting a reduction in bank rate in the monetary and the credit policy for the year 2003-2004.
 


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Manufacturing costs
The cost of manufacturing has been a major concern for the domestic textile industry which is shortly entering into the post-MFA regime.


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