-The Hindu Business Line Seeks CCI intervention to procure the natural fibre; traders point to global trend The Indian Textile industry has begun expressing concern over soaring cotton prices in global and domestic markets, with some even raising fears that the natural fibre is being hoarded. In a memorandum to Prime Minister Narendra Modi, Southern India Mills Association (SIMA) Chairman Ravi Sam called for steps to stabilise cotton prices, particularly when the country...
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Migrant workers bore the brunt of 2020 lockdown due their poor access to social security schemes & legal rights, depicts latest NHRC report
The rise in COVID-19 daily new cases and daily new deaths compelled many state governments to impose local level lockdowns during April-May 2021. As of 20th April, 2021, partial lockdowns were noticed in 10 states across the country and complete lockdown was imposed in Delhi. As of 8th May, 2021, nearly the entire country was under complete lockdown as a result of either partial lockdowns and night curfews or complete...
More »How Second Wave Is Decimating Rural Economy -Rohit Inani
-IndiaSpend.com The government has said that the economic impact from the second Covid-19 wave will be less than that of the first. But economists point to signs of a growing rural economic crisis, and call for urgent relief measures to ward off long-term damage. Siolim, Goa: Ramesh Ram, 31, is listed as a Textile industry staff worker in the administration's database of migrant workers in south west Bihar's Kaimur district. But for...
More »Cotton production estimated to be lower at 360 lakh bales
-The Hindu The Committee on Cotton Production and Consumption expects production during the current season (October 2020 to September 2021) to be at 360 lakh bales, slightly lower than the 2019-2020 estimate of 365 lakh bales. COIMBATORE: At a meeting held on Friday, the committee estimated cotton exports in the current season to be at 70 lakh bales and consumption by textile mills at 288 lakh bales. The closing stock is projected...
More »Crisis looming in handloom sector -T Lakshmi Vaidehi and Abhiman Das
-The Hindu Business Line If the industry does not leverage technology and digital platforms, the fortunes of the weavers would only worsen Handlooms in India have a rich cultural heritage and are renowned the world over for their craftsmanship since ancient times. While the cultural significance of handlooms has been on the wane in recent times, they have not yet lost their special charm in the textile market, much like how a...
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