The rupee opened on a weak note and declined by 9 paise to 71.42 against the US dollar in opening trade on Thursday, after weak macro-economic data disappointed market participants.
Closing down of factories in China due to Coronavirus scare threatens to affect the multi-crore knitwear industry as the delivery of consignments of apparel accessories is getting delayed.
NEW DELHI : The government has discovered a new revenue stream to make up for the shortfall in GST collection and is looking to collect ₹46,000 crore as interest on late payment of tax.
The union government which has been dragging its feet in establishing a Railway Division Office in Kalaburagi, sanctioned by Mallikarjun Kharge when he was the Minister of Railways, has given a shock to the people of Kalyana Karnataka by cancelling a Rs 52-crore Gulbarga Textile Park sanctioned in November 8, 2011, under the Scheme for Integrated Textile Park.
Egypt’s parliament recently approved a draft law submitted by the government to authorise the minister of finance to guarantee that the state-run Cotton & Textile Industries Holding Co would fulfil its financial obligations to the Swiss SERY and the Italian SACE agencies. The approval allows the firm to receive a €540-million funding to buy equipment.
New Delhi: Tax authorities have estimated interest dues of close to Rs 46,000 crore from GST taxpayers as penalty for delayed payment, opening a fresh front against late and non-filers.