India’s commerce ministry has reportedly circulated a cabinet note to phase out the Merchandise Exports from India Scheme (MEIS) and shift to a regime more compatible with the World Trade Organisation (WTO), as many nations have challenged India’s export ‘subsidy’ schemes.
Rajkot/Surat: The rollback of Merchandise Export from India Scheme (MEIS) will hit the textile sector in Gujarat hard, as the sector is already facing slowdown due to the implementation of the goods and service tax (GST).
NEW DELHI: Guruprasad Mohapatra, an Indian Administrative Service (IAS) Officer of 1986 batch on Thursday assumed charge as secretary, Department for Promotion of Industry and Internal Trade (DPIIT).
Mumbai: The rupee on Friday declined by 26 paise to 69.32 against the US currency in early trade, due to strong dollar demand from banks and importers amid unabated foreign fund outflows.
Alma Mater Store, a customised apparel brand, has raised $200,000 funding from Harminder Sahni, Founder and Managing Director of Wazir Advisors, an advisory firm.
Collection from the goods and services tax (GST) was above Rs 1 trillion in July, mainly on account of higher mop-up under the integrated GST.