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21 Mar 2018, Edition - 981, Wednesday


  • J&K: 2 cops and 2 Army jawans martyred in Kupwara encounter; 4-5 terrorists still holed up
  • Sensex closed 139.42 points or 0.42% higher at 33,136.18 after rising as much as 350 points during intraday high
  • Both telcos are locked in a fierce battle for subscribers and need to invest in expanding their 4G network
  • The ₹ 6 Lakh reward will be part of the revised ‘Rehabilitation Policy for Militants
  • 15-year-old girl student commits suicide at her home on Tuesday by hanging herself from a ceiling fan
  • Maharashtra: 5 men linked to ISIS terror outfit arrested by ATS; plot to target Bodhgaya foiled.
  • DMK’s Stalin writes to CMs of 10 states, demanding fiscal autonomy for states
  • Former Maharashtra CM Sushilkumar Shinde speaks on Congress’ U-turn on Lingayats
  • Disruption in Lok Sabha leads to the house being adjourned for the day
  • Ceasefire violations at an all-time high as Pak has violated ceasefire 600 times in nearly 2 months


Non-viability forces mills to cut down yarn production

Covai Post Network

With cotton prices again touching Rs 50,000 per candy (356 kg), the majority of textile mills in Tamil Nadu have cut down yarn production by 30 to 40 per cent, because of non-viability.

At these end-season prices, industry sources pointed out that there was no point in continuing normal production, as the prices of yarn did not match the higher cost of production, pushing mills into heavy loss.

The yarn prices were bound to increase, as a result of the shortage by cutting down production and almost 60 to 65 per cent of textile mills resorted to cut down their production, either by giving one or two weekly offs or reducing work shifts.

Moreover, the new crop of cotton of the season (October-September) was expected to arrive only in November and the mills did not want to exhaust their available cotton stocks by converting it into yarn, which was not remunerative.