Surat: Modernisation in the country’s largest man-made fabric (MMF) sector will take a hit with the union ministry of textiles reducing the central fund allocation under the Amended Technology Upgradation Fund (ATUFS) scheme for 2019-20.
Indian government think tank NITI Aayog has cautioned the government that the path to a $5-trillion economy by 2025 is plagued with several hindrances.
NEW DELHI: The recent World Trade Organization (WTO) ruling asking India to roll back its export sops scheme has put New Delhi in a “spot,” said the India managing director of Foxconn, the world’s largest contract manufacturer.
Ministry of micro, small and medium enterprises (MSME) has incurred expenditure of Rs 81 crore out of Rs 274 crore budget earmarked under four schemes — Procurement and Marketing Support scheme, Marketing Assistance Scheme, Coir Vikas Yojana, and International Cooperation Scheme between FY17 and FY19 and till October 2019 (for FY20) to boost marketing competitiveness of small businesses, according to the data shared by the MSME Minister Nitin Gadkari in Rajya Sabha on Monday.
A meeting of exporters was organized by Textile Development Foundation (TDF) Solapur on 21st November 2019 under the aegis of Home Textile Exporters' Welfare Association (HEWA) regarding pendency of RoSCTL.
NEW DELHI: Tax authorities have identified B2C sales as a key source of leakage of goods and services tax (GST) as consumers are often cajoled into paying in cash without taking a bill and are looking to incentivise digital payments to plug revenue leakages.