A decline in overseas demand from major markets like the UAE has raised concern that India's apparel exports, which is a major foreign exchange earner for India, are slowing down for good.
Chairman CITI, Sanjay Kumar Jain welcomes the Government’s decision to reduce the Hank Yarn Obligation (HYO) from 40% to 30% of the total weaving yarn produced for domestic consumption.
The Indian rupee on Friday strengthened marginally against the US dollar, tracking gains in Asian currencies and optimism about a US-China trade deal.
The Finance Ministry is making a last-ditch effort to get close to the direct tax target of Rs 12 lakh crore, said a news agency report on Thursday.
The Indian banking sector's non-performing loan (NPL) ratio for the nine months to December 2018 fell to 10.8 per cent from 11.5 per cent at fiscal year end 2018, according to Fitch Ratings' estimate.
The Finance Ministry is making a last-ditch effort to get close to the direct tax target of Rs 12 lakh crore, said a news agency report on Thursday.