More on Ummid: International l National Regional l Politics Business Religion l History l Culture l Education



No proposal to walk out of Iran-Pakistan-India gas pipeline: Govt.

Internet advertising to get a boost through new technology

‘Indian Americans catching up in US politics too’

Senior journalist to contest for legislative council on MIM ticket

100 million more Indians now living below the poverty line

RBI hints at rate hike in annual monetary policy

Legal win for Jessica's kin gives hope to others


Backward Federation for quota within quota in Women Reservation Bill: Chairman of All India Backward Classes Federation and senior RJD leader Indra   .....Read Full

Govt. proposes steps for increasing representation of women

Reservations: Dilemmas Galore

Jessica murder: SC upholds life for Manu Sharma: The Supreme Court Monday dismissed an appeal by Manu .... Read Full

‘Judicial Activism in Personal and Customary Law’


'Islamic Finance is not a Muslim-only affair': "There is nothing more powerful in the world than an idea whose time has come. Islamic finance is not a Muslim-only affair. It shows qualities ..... Read Full

MIM opposes union territory status to Hyderabad: TEnding its silence over the Telangana issue, the Majlis-e-Ittehadul Muslimeen (MIM) Sunday opposed the demand for union  ..... Read Full

Decks cleared for setting up 20 new IIITs: Decks have been cleared for setting up of 20 new IIITs in the country after differences between industry bodies and  ....Read Full

Mujibullah, who brought glories to Indian Railways: An abiding interest in Railways led Mohd Mujibullah, Heritage Assistant, Eastern Railways  .... Read Full



Gays more likely to experience violent events, mental illness: Gay men, lesbians, bisexuals, and heterosexuals who have ever had a same-sex sex partner are one-and-a-half .... Read Full

Girl banned from school for wearing hijab: A 16-year-old schoolgirl has been banned from classes in Spain after refusing to remove her Islamic .....Read Full

Telangana: Muslim group details Srikrishna Committee on discrimination: The Telangana Muslim Joint Action Committee made a presentation  ..... Read Full

Narendra Modi: Travails of Travel Abroad: While law of the land is trying to catch up with the acts of commission and omission in the Gujarat  ..... Read Full

President calls for affordable justice for India’s poor: President Pratibha Patil Saturday called for affordable and accessible justice for India’s poor and said .....Read Full

SC expresses anguish on custodial torture, deaths: The Supreme Court has expressed shock and anguish at the brutality of the police personnel .....Read Full


Ban on raw cotton registration to affect prices marginally

Tuesday, April 20, 2010 05:45:26 PM, & Agencies

Kolkata: The government’s decision to indefinitely suspend registration of raw cotton export shipments from Monday would have little impact on domestic cotton prices as most of the exports for the current cotton season have been committed, trade and industry officials said here Tuesday.

“The ban has come too late as we are already into the sixth month of the season and about 7.9 million bales of cotton have already been registered for export till April 8,” Vijay Kumar Binaykia, president of the Chamber of Textile Trade and Industry said at a press conference.

The chamber represents the textile traders of eastern India.

“The ban is just an eye-wash and there is little raw cotton left to be exported,” said Ganpatlal Agarwala, vice president of the chamber.

In 2008-09, the country exported 4.2 million bales of cotton. If this ban had not been slapped, the country would have exported only around 400,000-500,000 bales more for the rest of the season (October 2009-September 2010), Binaykia said.


The uncontrolled cotton export has resulted in raising the price of cotton yarn directly affecting the powerloom owners all across the country. While the Textile Mill owners in Ichalkiranji, Sholapur, Bhiwandi and Veeta are threatening strike, hundreds of powerloom in Malegaon are facing closure due to the rising cotton yarn prices.


"If the cotton export is not stopped immediately and the prices of the cotton yarn is not under control, we will be forced to close down our powerlooms", Salim Ah, a powerloom owner said while speaking with


Closure of powerlooms will result in large scale unemployment.












  Bookmark and Share

Home | Top of the Page

  Comment on this article


E-mail Address:

Write here...







 Home | Contact Us | Disclaimer | Terms of Use | About Us | Feedback

Ummid Business: Advertise with us | Careers | Link Exchange is part of Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and condition mentioned.