Mumbai, Dec 20 () The rupee opened on a weak note and fell 12 paise to 71.15 against the US dollar in early trade on Friday amid rising crude oil prices and strengthening of the US dollar vis-a-vis other currencies overseas.
In a major relief to textile units in Maharashtra, the state government has started disbursing power subsidy of up to Rs 3.77 per unit to powerlooms, spinning mills, and garment units in the state.
NEW DELHI: GST compensation payment of nine select states, including Gujarat, Maharashtra and Kerala, is expected to double to Rs 60,000-70,000 crore in 2019-20, according to a report.
Lenders to Sintex Industries Ltd. rejected a debt restructuring plan by the company and intend to push it into bankruptcy, people familiar with the matter said.
Data from WRAP’s Sustainable Clothing Action Plan (SCAP) shows reductions in water consumption and carbon emissions achieved by the clothing industry but only slow progress on reducing waste across supply chains.
Industry fears that the Goods and Services Tax (GST) Council’s decision to further restrict input tax credit (ITC) on invoices not uploaded in the relevant form would block the cash flow of businesses, says the latter, at a time when they’re struggling on finances due to economic slowdown.