The Government has ruled out immediate decontrol of sugar prices despite mounting pressure from a section of the sugar industry. “The question of decontrol does not arise in a year when the country is confronted with an acute shortage situation”, said a senior official, who pointed out that there were differences even within the industry on the issue. At a meeting with Food Ministry officials this week, the Indian Sugar Mills Association submitted a proposal seeking price decontrol.

Memon brother arrested

In a breakthrough, the CBI today arrested Yakub Abdul Razak Memon, 33, one of the prime accused in the Bombay blast case. The Home Minister, Mr. S. B. Chavan, who announced the arrest in the two Houses of Parliament, later addressing a press conference said the arrest had conclusively proved the Pakistani hand in the blasts. Yakub, younger brother of Tiger Memon, the key accused in the case, was nabbed at the Delhi railway station.

US slaps duties on Indian steel bars

The US Department of Commerce has announced duties on stainless steel bars imported from India justifying that these were being sold or were likely to be sold at less than fair value in this country and were thus likely to harm domestic steel producers. The Department of Commerce in an official notification on August 4, directed the US Customs Service to suspend the liquidation of all stainless steel bars from India from warehouses for consumption from the date of the notification for an indefinite period. The Customs Service was also instructed to obtain a cash deposit or a bond equivalent to the preliminary dumping duty for any withdrawals of steel bars from the warehouse.

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