Finance Minister Nirmala Sitharaman hasrepeatedly assured Bankers that adequate measures would be taken to protect honest commercial decisions taken by them and distinction would be made between genuine commercial failures and culpability, said an official release on Tuesday.
“Employing more than 40% of India’s workforce, the MSME sector of India is one of the primary pillars of the Indian economy, contributing to nearly 30% of the country’s GDP.
Readymade garment manufacturing groups with multiple companies but one tax identification number are facing troubles in getting registration numbers required for the units for enabling automated certification system for European Union GSP due to an EU regulation.
The war of words between the textile industry and Power Division remains in full swing on the imposition of taxes, surcharges and recovery of positive fuel price impact.
The Garment Manufacturers Association in Cambodia (GMAC) on Thursday said the letter written by apparel brands and labour rights organisations addressed to Prime Minister Hun Sen reflected a “flawed analysis” of the Kingdom’s situation.
Despite the phase one trade deal with China, many U.S. consumers are starting to feel the effect of higher tariffs.