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Tag: CCI

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CCI Should Sell Cotton By E-Auction

Southern India Mills’ Association (SIMA) has said Textiles minister, Santosh Kumar Gangwar should direct Cotton Corporation of India (CCI) to immediately commence selling the commodity directly to the actual users by e-auction, with liberal credit norms. Due to fall in cotton prices and also to safeguard the interests of farmers, CCI procured 86 lakh bales […]

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Procurement Of Cotton By CCI Nears 5 Bn Bale-Mark

The procurement of cotton by the state run Cotton Corporation of India (CCI) has neared five billion bales of 170 kg each, during the ongoing season October 2014 to September 2015, according to a report. The CCI is actively purchasing cotton in states where the market price has fallen below the minimum support price announced […]

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CCI to Open More Cotton Procuring Centres

Textile ministry has advised Cotton Corporation of India (CCI) to open additional cotton procurement centres in consultation with the state governments as and when required as envisaged under the Minimum Support Price (MSP) operation announced by the government. For the cotton season 2014-15, CCI has planned to operate more than 340 procurement centres in 92 […]

Apparel and Textile News

Complaint against Online Retailers

Fair trade regulator, The Competition Commission of India (CCI) has received a complaint against online retailers for indulging in alleged unfair business practices, commerce and industry minister, Nirmala Sitharaman has said in a written reply to the Lok Sabha. The information assumes significance as Flipkart’s ‘Big Billion Day’ sale on October 6, offering steep discounts […]

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Rs. 12,000 crore worth of Cotton Produced by CCI

With the fall in cotton prices which is slipping below the minimum support price (MSP) of the government, the state-owned Cotton Corporation of India (CCI) will procure cotton worth Rs. 12,000 crore this season. CCI which currently has an inventory of 800,000 bales (of 170 kg each) of cotton is expected to purchase six million […]

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CCI gets Complaint Against Flipkart, Other E-tailers

The Competition Commission of India (CCI) has received a complaint against online retailers including home-grown giant Flipkart for alleged unfair business practices. The complaint has been received against these online trading entities weeks after an uproar over Flipkart’s massive discount sales which had raised concerns of anti-competitive practices.         Reference Link

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