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

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Stock Market-Firm-Footed Climb

Avoidable Imports NEW DELHI'S decision to reduce the basic customs duty on viscose staple fibre from 40 per cent to 25 per cent ad valorem with effect from July 2 is yet another step designed to deal with the problem of varietal imbalance in the supply of cotton which has acquired a new dimension this season. The 1983-84 cotton crop is currently estimated at 75 lakh to 77 lakh bales against 82/83 lakh bales last season. And the decline in production is accounted for largely by the shortfall in medium staple varieties because of the heavy damage to the crop in the northern region due to pest infection.

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