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

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One More Authority

ASSUMING a tough posture at last, Government has decided to allow only Rs 9.50 per bicycle as price rise as against the Rs 16 rise sought by the bicycle industry. New Delhi has always tried to pare the industry's attempt to raise prices before, so the latest refusal to concede the full extent of price rise cannot have come as a surprise. What seems to perturb the bicycle industry, however, is Government's definitely tough posture this time. Till now, the bicycle industry had got away with ignoring Government's advice on the price issue.

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