BEIJING/WASHINGTON: The United States began imposing 15 per cent tariffs on a variety of Chinese goods on Sunday - including footwear, smart watches and flat-panel televisions - as China began imposing new duties on US crude, the latest escalation in a bruising trade war.
The ongoing trade tension between the US and China and its related uncertainties for the global textile and apparel sector will be the topic of discussion at an upcoming webinar.
The Department of Revenue in a recent circular has said that exporters will be able to rectify mismatches in the shipping bills and GST returns for bills filed till July 31 this year in order to claim IGST refund.
Public procurement portal Government e-Marketplace (GeM) signed a Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI) in order to help MSMEs, women entrepreneurs, Self Help Groups (SHGs), Women Self Help Groups and various loan beneficiaries under MUDRA and Stand-up India scheme, according to a government press release.
Abhishek Bansal, The Indian rupee has been depreciating since the first week of July and in the last eight weeks it lost almost 4.3 percent against the dollar.
NEW DELHI: “India is becoming the hub of intellectual production. We must improve our competitiveness to absorb global competence in order to emerge as champions of manufacturing”, said Shri Sudhir Garg, IRSEE, Joint Secretary, MSME, Government of India in a statement, at the CII Conference on Quality Manufacturing: Aspiring for Global Competence, on Friday.