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

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DECONTROL-Mixed Reaction

export quotas on the basis of high prices. How exporters went about their business was not their concern so long as the application for export quotas conformed to the prescribed condtions. But this is taking too casual a view of an important issue which can have much wider implications. There is ample evidence to prove that the prices bid by the 'successful' parties who have been allotted the entire quota had, been highly inflated to subserve certain ends in utter disregard of business norms and that the legitimacy of these operations is questionable Reports are that the Textile Commissioner did sound New Delhi on the issue of highly inflated prices and that the textile ministry chose to keep mum. A thorough probe into the various aspects of the export deals could prove to be quite revealing.

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