IIM-B to use revamped tea e-auction system

IIM-Bangalore will revamping of the existing tea auction methodology. The Tea Board has formed a special committee and put the process on fast track mode. The decision was taken 25 days ago. The new methodology hopes for an improved price discovery, as the present prices in north India is making it difficult for the industry to survive.

from Bangalore News, Latest Bangalore News Headlines & Live Updates - Times of India http://bit.ly/2St3Ku1