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

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Monopoly Importer

leadership. That it happens to be in office just now is, of course, a favourable factor since the threat of losing power might be expected to hold BUSINESS THE suggestion that import of all raw materials could be canalised through STC was the Commerce Minister's response to the complaint of some industrialists that exporters to India had set up cartels and were raising the prices of their exports. That industrialists and traders have been horrified at the implications of the suggestion for private sector trade is one more illustration of how our industrialists hold all sorts of views on different matters without a full understanding of their implications. They are, for instance, still suffering from the consequences of their earlier policy suggestions regarding reduction in Government spending and deficit financing! India is still a large importer of same commodities

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