Mumbai: The Shiv Sena on Tuesday urged the Reserve Bank of India (RBI) to merge the crisis-hit Punjab & Maharashtra Cooperative Bank with a larger public sector or private lender.
Pandey says it's not fair to say that GST is responsible for the current economic slowdown; contraction in imports and the failure of some sectors to perform well led to a drop in GST collection, he adds.
Leading resource-based manufacturing group Royal Golden Eagle (RGE) has announced plans to invest $200 million over the next 10 years into cellulosic textile fibre research and development.
Employers point to higher production costs for lay-offs. For the national workers' federation, redundancies are not a problem because most workers ‘found a new job in another company". Bangladesh risks being overtaken by Vietnam in garment exports.
A new Chicago startup is working to make slow fashion and sustainable shopping more accessible.
Indonesia will tighten restrictions on textile imports to shield local industries, according to foreign trade director general Indrasari Wisnu Wardhana, who has said the trade ministry will require all textile importers to receive government approval before they can ship in textile goods. The move will protect local products like certain yarns and fabrics.