The duties could be enhanced to 20 percent on products like certain fabrics, garments and man-made fibres. Currently, the duty ranges between 5-10 percent.
A new exhibition maps the history of Indian textiles through a presentation of classical and folk traditions
New Traditions, which is on display at Jaipur's Jawahar Kala Kendra, features the work of 50 artists which will portray India's rich history of textiles
The imported products which have become expensive include woven fabrics, dresses, trousers, suits and baby garments
India's growth to touch 7.3% next fiscal, 7.5% in 2019-20, says Fitch in global economic outlook report
In its Global Economic Outlook report, Fitch forecast Indian economy to clock a growth rate of 6.5 percent this fiscal, a tad lower than official estimates by the Central Statistics Office (CSO) of 6.6 percent.
According to industry estimates, in four months since July when GST came into effect, “about Rs 40,000-50,000 crore” has been pending with the government in the form of GST refunds
Foreign trade policy review, to be unveiled later on Tuesday, may accord special priority to improving logistics for trade to help bring down the costs
Trade deficit widened to $14 billion during the month under review as against $11.13 billion in October 2016
First demonetisation and then GST dealt crippling blows to India's already dismal job creation record
According to the BSE-CMIE month wise unemployment data, November and December last year were the worst months for jobs in the entire 12-month period, with overall unemployment highest in November at 6.55 percent followed by 6.42 percent in December
Most of the trade in this sector is done in cash. Traders and manufacturers are reluctant about moving their trade to non-cash means.
Smriti Irani gets addition charge of I&B ministry after Venkaiah Naidu resigns; Tomar gets urban ministry
Smriti Irani has been given the additional charge of the Information and Broadcasting ministry. Irani currently is the cabinet minister of Textiles.
Uttar Pradesh government has fixed a target to provide jobs to 70 lakh people in five years, chief minister Yogi Adityanath said on Saturday.
Prime Minister Narendra Modi on Friday said the time is right for India to focus on textiles exports in a big way, and urged states to take steps to promote clothing diversity in the global market.
Andhra Pradesh FM said that commercial tax from all border posts will be removed from 1 July when the GST goes into operation, replacing the existing myriad central and state levies on both goods and services
Strong performance by petroleum, engineering, textiles and gems and jewellery sectors propelled the country's exports growth during the month
Mapping the job potential, the paper found that on the employment base of 45.4 million in 2013, the building, construction and real estate (including infrastructure) would require 31.1 million incremental human resources.
GST rate for gold fixed at 3%, biscuits 18%, bidis 28%; states, except West Bengal, agree to 1 July rollout
New Delhi: Footwear below Rs 500 will be taxed at 5 percent under the Goods and Services Tax, while the rest would be in the 18 percent bracket once the new regime is rolled out from 1 July.
This will probably be the last meeting of the GST Council before the implementation of the new tax regime from 1 July
Demonetisation: Sitaram Yechury may be right, widespread job losses to create fresh headache for govt
Former Prime Minister Manmohan Singh, also an economist, said in Parliament today that demonetisation could contract the GDP by as much a 2 percent though he did not give a timeframe for this prognosis
The company's announcement came after Wal-Mart, the world's largest retailer, said it is reviewing Welspun's cotton certification records
The report also noted that unlike China, the current growth in India is not supported by rampant credit creation