Month: July 2018

INDIAN TEXTILE SECTOR ON A RECOVERY PATH – CITI
New Delhi, Friday, June 29, 2018: Mr. Sanjay Jain, Chairman, CITI stated that the sector which saw a major hit due to demonetization, implementation of GST, rupee appreciation and high domestic cotton prices, is finally showing some signs of recovery. As per RBI Financial Stability Report- June 2018, the stressed advance…
CITI Welcomes Hike in MSP of Cotton but Requests Direct Subsidy System
Thursday, 05 July 2018, New Delhi: Mr. Sanjay K. Jain, Chairman, CITI, welcomes 28% hike in Minimum Support Price (MSP) of Cotton announced by the Government of India. The Government has taken the decision to ensure farmers get at least 50% profit of their actual cost of production.  According to Mr Sanjay Jain, “At one level, the…
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