The Commerce Ministry has put on hold the Coffee Board’s recommendation to grant 100 per cent free sale quota to growers during the 1994-95 coffee season. It is also not likely to clamp an export duty on the commodity. A proposal to allow coffee imports under the open general licence may also turn out to be stillborn. The Commerce Minister, Mr. Pranab Mukherjee, said “There is no question of allowing FSQ. I have already told the growers so”. The time was not yet ripe to end all controls on the commodity.

Textile industry against cotton exports

Spiralling raw cotton prices have brought together for the first time the organised mill sector, handlooms. power looms and hosiery makers. A joint meeting convened by the Southern India Mills Association in the city on Saturday was worried over the ‘unprecedented rise’ in cotton prices even before the peak season started. It pleaded for bringing back stock limits on trade and ginners and action against hoarding of cotton and cotton yarn.

Maruti move irks finance companies

Finance companies are puzzled by Maruti Udyog Ltd’s recent move to stop own bookings for the 800 and the Omni models. They can now make only individual customer bookings and not make any for themselves. The objective was to reduce the waiting period to about three months, the MUL Managing Director. Mr. R. C. Bhargava. said, adding that the genuine customer was needlessly being driven around the bend by finance companies. This has not gone down too well with some finance companies. “Most of us made bookings in our names to ensure prompt delivery to the customer,” the spokesmen said.

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