Probe The Reasons For Yarn Price Hike: Ops To Stalin

Probe the reasons for yarn price hike: OPS to Stalin

Chennai, May 16 : The Tamil Nadu government has the responsibility to probe into the reasons for increase in yarn prices despite the reduction in taxes, said former Chief Minister and AIADMK Coordinator O.Panneerselvam on Monday.

 Probe The Reasons For Yarn Price Hike: Ops To Stalin-TeluguStop.com

He also said the state government has the responsibility to find out the people who are hoarding the cotton to create an artificial scarcity resulting in the price increase.

Panneerselvam said the Central government has removed import duty on cotton and halted the hike in goods and services tax (GST) to 12 per cent on textiles.

The garment industry expected the cotton prices would come down due to these measures.But on the contrary, prices of cotton and yarn have gone up, he said.

According to Panneerselvam, Chief Minister M.K.Stalin, if need be, should discuss with the Central government and take steps to reduce the yarn prices.


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Disclaimer : TeluguStop.com Editorial Team not involved in creation of this article & holds no responsibility for its content..This Article is Provided by IANS, Please contact IANS if any issues in Article .


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