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Markets jumped after a long slump, India Inc was delighted and experts gave a big thumbsup as the government on Friday launched a determined, and the biggest to date, bid to reverse the slowdown.

An exemption-free tax rate of 22% — 25.17% including cesses and surcharge — sounds attractive, but an analysis of the tax liability of firms listed in Sensex suggests more than half have reason to stick to the existing tax regime.

PUNE: The Confederation of All India Traders (CAIT) has expressed satisfaction on decisions of GST Council meeting held today and complimented finance minister Nirmala Sitharaman for allowing relaxation to traders having annual turnover upto Rs 2 crore from filing of annusl GST returns for last two years.

The GST Council, in its 37th meeting held at Goa provided relief to MSMEs by allowing them waiver to file GSTR 9 and GSTR-9A.

Cambodia’s government announced Friday that it is raising the minimum wage for the garment industry, the country’s biggest export earner, whose workers make up a powerful political bloc.

The 2019 autumn edition of Intertextile Shanghai Apparel Fabrics will be held from September 25–27 at the National Exhibition and Convention Center (Shanghai).

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