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The new phase of the European Union’s SMART Textile and Garments project will bring together brands, trade unions and business associations to boost social and environmental sustainability in Myanmar’s garment industry.

KARACHI: In the first quarter of current fiscal year, textile exports fetched $3.3 billion. In the best case scenario, the country can end the year in June 2020 with $13.8 billion in textile earnings, up from $13.3 billion in FY19.

MUMBAI : Transmission of cuts in repo rates into lower bank lending rates is expected to improve going forward as floating rates come for renewal and the share of old base rate loans decline, said Reserve Bank of India’s (RBI) monetary policy committee (MPC) on Thursday.

New Delhi: Boosting the handloom sector country-wide, the Centre received the proposal of 294 more Block Level Clusters (BLCs) under the National Handloom Development Programme (NHDP) from state governments, textile minister Smriti Irani informed the Lok Sabha in a written reply on Friday. 

Finance Minister Nirmala Sitharaman on Saturday invited those who are interested in providing suggestions on simplifying and easing the Goods and Services Tax (GST) filing process.

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