More than 3,000 handloom and powerloom merchants in Erode district, a key textile centre in the country, downed their shutters today as part of a two-day strike to press the Centre and state governments for a reduction in prices of cotton yarn.

The protesters said the prices of all varieties of yarn have increased several-fold in the past three months. They said the price of a bundle of yarn had increased by Rs 800 during the period and warned that if the government did not intervene, they wo...
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