A Call-Rate Slump

Not Much Store by Policy ALTHOUGH, in the face of a drastic bout of cotton requisitioning, on a near national scale, the cotton market witnessed a near-collapse on the price front, there was still a wide gap between the ruling rates and the official ceiling rates. In the course of his statement in the Lok Sabha last week, the Union Commerce Minister was at great pains to present the cotton situation in its proper perspective. He categorically declared that the Government was determined to intensify its requisitioning drive and to speed up cotton imports with a view to bridging the gap between supply and demand.