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BENGALURU: While the Goods and Services tax (GST) has been hailed as a novel taxation model, providing equitable tax levy across the country, Karnataka appears to be increasing its borrowings due to the cap on compensation from the Centre, and delays in compensation payouts to the state.

The goods and services tax (GST) is a major indirect tax transformation and a complete overhaul of the way transactions are to be taxed. Additionally, compliances have become fully digitised. There are a plethora of issues that have emerged in the journey of GST implementation. The government is doing a stupendous job of clarifying issues and is eager to meet the industry, associations and trade bodies.

BHOPAL: Madhya Pradesh State Skill Development Mission (MPSSDM) signed an MoU providing exclusive right to the National Institute of Fashion Technology (NIFT), Bhopal, to provide training to people in textile sector under the Mukhya Mantri Kaushalya Yojana (MMKY).

Vietnam textile experts were of the opinion that domestic fashion firms though facing stiff competition from the presence of globally renowned brands will eventually evolve stronger on their home turf by adopting a change in strategy.

NEW DELHI: Textile player Donear IndustriesBSE 9.51 % today said the promoters of the group have acquired OCM Woolen Mills. 

Tapestry Inc, a leading New York-based fashion company which owns Coach, Kate Spade and Stuart Weitzman brands, has opened its third Coach store in India.