by DIGITAL MEDIA EXECUTIVE | May 29, 2023 | Finance & Economy
The Page Industries stock has been heavily sold off as a result of the 2022–23 fiscal year’s fourth quarter’s disappointing performance (Q4FY23). When sales are excluded during the Covid-19 period, unit volume fell 14.6% year over year (YoY) in Q4 while...
by DIGITAL MEDIA EXECUTIVE | Apr 25, 2023 | Trade Analysis
Brussels has warned to levy retaliatory tariffs on Indian goods if New Delhi doesn’t comply with the World Trade Organisation (WTO) verdict against its customs taxes on electronic goods like smartphones, which could potentially lead to trade tensions between...
by DIGITAL MEDIA EXECUTIVE | Apr 11, 2023 | Finance & Economy
The Finance Ministry decided on Thursday to cancel demurrage as well as penal interest costs on late customs payments, despite the fact that importers continue to experience difficulties and hiccups navigating the new “upgraded and modern” Customs duty...
by DIGITAL MEDIA EXECUTIVE | Apr 10, 2023 | Trade Analysis
According to a research by the UN trade and investment authority, India increased its exports to the US by around $755 million in the first half of 2019 due to the trade diversion impacts of Washington’s tariff war with China. These shipments were primarily of...
by DIGITAL MEDIA EXECUTIVE | Mar 27, 2023 | Trade Analysis
In order to increase shipments of these goods, the government has expanded the export incentives under the RoDTEP plan to 18 textile-related products, including saari and lungis. The Directorate General of Foreign Trade (DGFT) announced in a notification that benefits...
by DIGITAL MEDIA EXECUTIVE | Mar 16, 2023 | Basics of Textiles
According to Union Minister of Textiles Piyush Goyal, the Ministry of Textiles would soon announce the States chosen for the Prime Minister MITRA (Mega Integrated Textile Region and Apparel) scheme’s implementation. The Minister said the States are identified...
by EDITORIAL ASSISTANT | Feb 3, 2023 | Articles, Basics of Textiles, Business & Policy, Corporate / SME, Textile Articles, Textile Technology
There are a lot of key statements and announcements made for raising the outlays of the cooperative sector. Taxes for the cooperative sector were relieved. The allocation given was Rs. 1,149.38 crore for the fiscal year 2023-2024. This year’s rate was higher in...
by EDITORIAL ASSISTANT | Feb 3, 2023 | COTTON PRICE, Finance & Economy, Industry View, Market Reports, News & Insights
On February 1st, the Union Budget was announced in the parliament. In the budget it was announced that India will be having the largest decentralized storage capacity in the corporative structure. This will help the farmers store and sell their products at the right...
by TEXTILE VALUE CHAIN | Feb 2, 2023 | apparel, Corporate / SME, Global Textiles, Home Textiles, Industry View
North India’s cotton yarn market is witnessing a price stability due to the cold wave. In the cold wave, the demand was average and the purchase rate was average as well. This stability can be mainly seen in the northern places such as Delhi,Panipat and Ludhina,...
by Manali bhanushali | Feb 13, 2021 | Finance & Economy, News & Insights
The Karnataka Digital Economy Mission (KDEM) is gearing up to ensure that about ten lakh jobs are created in the information technology (IT) sector and related areas in the next five years. The aim is to attract more investments in the IT sector, and achieve a target...
by TEXTILE VALUE CHAIN | May 11, 2020 | Industry And Cluster, News & Insights
Article of clothing exporters will keep on getting refund on local and state burdens on their outward shipments as the legislature has chosen to expand the RoSCTL conspire past March 2020 to upgrade seriousness of the work escalated materials division. The Ministry of...
by TEXTILE VALUE CHAIN | May 9, 2020 | Finance & Economy, Industry And Cluster, News & Insights
The government gave further relaxations to taxpayers for goods and services tax (GST) compliance for filing annual returns and audits, increasing the time duration for some, meanwhile extending the validity of e-way bills till the month end. In a notification dated...
