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AlertIn order to tide-over the present cotton situation and also by considering  the slackness in yarn movements, coupled with the aspects of Non-availability of cotton and on high rocketing prices of cotton, major Group Mills in TN have decided to: 1. Declare one full day as a complete weekly holiday.2. To reduce the speed of all machines resulting in lower production to the extent of 70-80%.3.Not to run the mills with DG Sets' power during load shedding periods.4. During Peak hours,to run only Spinning Frames and Humidifation Plants.These measures are required to control the supply and to manage the situation with the available cotton and to sustain the situation, at least for a few weeks to avoid complete closures..In Yesterday's CAB Meeting, nothing moved positively, either to control cotton prices or to allow duty free imports of cotton.Situation started moving from bad to worse.

Rupee opens 19 paise stronger against dollarRupee opened with strength today against the dollar in the foreign exchange market. Today the rupee opened with a strength of 19 paise at Rs 75.99 against the dollar. At the same time, on Tuesday, the rupee closed at Rs 76.18 with a weakness of 6 paise against the dollar.

Sensex rises further, opens up 396 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 395.85 points to open at the level of 58385.15 points. On the other hand, the Nifty of NSE opened with a gain of 122.90 points at the level of 17438.40 points.

All India Weather Forecast for March 23, 2022Weather systems made across the countryThere is a deep pressure in Andaman Sea and adjoining areas. It is very likely to intensify into a cyclone by afternoon/evening of March 21 and move northwards towards north Myanmar coast.The Western Disturbance remains as a cyclonic circulation over North and adjoining Central Pakistan.The Induced Cyclonic Circulation lies over West Rajasthan and adjoining Central Pakistan.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain occurred over parts of Interior Tamil Nadu and Coastal Karnataka with heavy to very heavy falls at few places.Light to moderate rain occurred over Andaman and Nicobar Islands, Sub-Himalayan West Bengal and Sikkim.Isolated light rain occurred over Coastal Andhra Pradesh and Arunachal Pradesh.Heat wave conditions are prevailing over parts of Himachal Pradesh, Uttarakhand, West Rajasthan and West Madhya Pradesh.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain and thundershowers are very likely to occur over Tamil Nadu, Kerala, parts of Karnataka, Andhra Pradesh and isolated parts of Telangana and South Maharashtra.Light to moderate rain may occur over Arunachal Pradesh.Light rain and snow may occur in parts of Jammu and Kashmir, Gilgit-Baltistan and Muzaffarabad on March 23 and 24.

Rupee collapses against dollar, opens weak by 32 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 32 paise at Rs 76.44 against the dollar. At the same time, on Monday, the rupee closed at Rs 76.12 with a weakness of 32 paise against the dollar.

Sensex collapses as soon as it opens, registers a fall of 124 pointsToday the stock market opened with a fall. Today the BSE Sensex fell by about 124.10 points and opened at the level of 57168.39 points. On the other hand, the Nifty of NSE opened with a decline of 24.30 points at the level of 17093.30 points.

Today evening, the rupee depreciated by 32 paise to close at Rs 76.12 against the dollar.Sensex closed down by 571 pointsToday the stock market closed with a fall. Today, where the Sensex closed at the level of 57292.49, down by about 571.44 points. On the other hand, Nifty closed at 17117.60 points down by 169.40 points.   

Mali records highest cotton productionMali has recorded its largest cotton production of more than 760,000 tons for the 2021-2022 season.The President of the Transition Assimi Goita declared the record production on Saturday, figures that place Mali as the top cotton producer on the African continent.According to the government, record production was made possible by maintaining a subsidy on agricultural inputs, maintaining a minimal shift in the cost of cotton seen among other initiatives.In September 2021, the United States Department of Agriculture (USDA) had indicated in its report that "Mali will be the largest cotton producer in Africa for the 2021/2022 season, followed by Benin, Côte d'Ivoire and Burkina Faso.Mali planted a record 795,000 hectares (ha), up 630,000 hectares (382%) from last year's crop, the document noted.In addition, the U.S. report explained that "Côte d'Ivoire also planted a record 460,000 ha, while Benin and Burkina Faso each planted more than 600,000 hectares this year."At the end of the 2019/2020 season, Mali's cotton production totaled 700,000 tons, up 6.6 percent from 2018/2019.The volume harvested for the 2019/2020 campaign, makes Mali for the second consecutive year, the second-largest producer of white gold in Africa behind Benin (714,000 tons).Cotton producers boycotted the 2020/2021 cotton season following a misunderstanding with the authorities over the price of cotton seeds set by the government.Finally, in 2018, Mali was ranked as the leading cotton producer on the continent with 725,000 tons of cotton seeds, according to data from the Malian Textile Development Company (CMDT).

Rupee depreciates against dollar, opens 28 paise weakRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 28 paise at Rs 76.08 against the dollar. At the same time, the rupee on Thursday closed at Rs 75.80 with a gain of 47 paise against the dollar.

Sensex and Nifty fall again, know today's levelToday the stock market opened with a fall. Today the BSE Sensex fell by about 41.50 points and opened at the level of 57822.43 points. On the other hand, the Nifty of NSE opened with a decline of 9.80 points at the level of 17277.20 points.

All India Weather Forecast for March 21, 2022Weather systems made across the countryThe deep low pressure area over the Bay of Bengal has centered as a depression over southeast Bay of Bengal and adjoining South Andaman Sea at 5:30 am today and was near Latitude 9.8N and Longitude 92.5E . It was located approximately 80 km north-west of Car Nicobar and 210 km south-west of Port Blair. It is very likely to move northwards along Andaman and Nicobar Islands and intensify into a deep depression by this evening. It may intensify into a cyclone by March 21 and reach northern Myanmar for the southeast Bangladesh coast by the morning of March 22.A Western Disturbance can be seen over North Afghanistan and adjoining region.The Induced Cyclonic Circulation lies over Central Pakistan.A Cyclonic Circulation is persisting over Vidarbha and adjoining areas.A pressure line is extending from Northeast Madhya Pradesh to Interior Karnataka via a cyclonic circulation over Vidarbha.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Andaman and Nicobar Islands experienced light to moderate rain with heavy falls at a few places.Light to moderate rain and thundershowers occurred over South Madhya Maharashtra, parts of Karnataka, Kerala, Interior Tamil Nadu and parts of Telangana.Scattered rains occurred over Sikkim, Lakshadweep, Himachal Pradesh and Jammu and Kashmir.Heat wave conditions were observed over Himachal Pradesh, Jammu region, parts of West Rajasthan and isolated parts of West Madhya Pradesh and Vidarbha.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with isolated heavy falls very likely over Andaman & Nicobar Islands.Sea condition will remain rough over Andaman Sea with wind speed reaching 60 to 70 kmph gusting to 50 kmph.Light to moderate rain and thundershowers are very likely over Tamil Nadu, Kerala, South Interior Karnataka, parts of North Interior Karnataka, Konkan and Goa and Madhya Maharashtra.Light rain is possible in isolated parts of Telangana, Vidarbha and Chhattisgarh.Light rain is possible over Jammu and Kashmir, Gilgit-Baltistan, Muzaffarabad, Ladakh, Himachal Pradesh and isolated parts of Sikkim and Arunachal Pradesh. Light snowfall is also possible in the upper reaches of Jammu and Kashm