Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
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A bill to provide for the control of dealings in cotton has been published in the Bombay Government Gazette: The crisis in cotton trade which occurred early in the current year created a general demand for action to be taken by the Government to restrict speculation that took place at the cotton settlements. The immediate needs of the situation were met by the passing of the Defence of India (Cotton contract) rules, 1918 which were published by the Government of India in the month of June. Those rules, however, were made as a purely temporary measure pending legislation in the local Legislative Council and the present bill has been prepared to take the place of the rules. The bill when passed will be called ‘Bombay Cotton Contracts Control’ (war provisions) Act, 1918.
Source : https://www.thehindu.com/todays-paper/tp-opinion/cotton-control/article25243061.ece
