The Indian textile industry should not expect the Cotton Corporation of India (CCI) to sell cotton at a loss just because it is a government enterprise, according to CCI chairman P Alii Rani, who recently said the corporation has so far bought a quarter of the cotton that has arrived in the markets this year since the beginning of the cotton year on October 1.
New Delhi : A recent analytics-driven probe into Goods and Services Tax (GST) refunds has led investigators to detect more than 1,200 untraceable exporters, saving the exchequer of over Rs 350 crore in refunds under payment.
MSME Export Promotion Council to hold mega meet to boost northeast entrepreneurs - 17th January 2020
The MSME Export Promotion Council (MSME-EPC) is holding the first three-day summit in Guwahati for aspiring entrepreneurs in the North East from Friday to pave the way for development of entrepreneurship and businesses by women and youths of the region.
The central government is mulling to develop Surat as a textile machinery hub to provide state-of-the-art technology at affordable rates to the country’s largest textile cluster which where a large number of units are based.
City-based goods and services tax (GST) payees can now file their revision petitions against those decisions and orders of competent authorities which they couldn’t challenge with the Appellate Authority.
The Cotton Corporation of India (CCI) has procured about 40 lakh bales of cotton as part of its MSP procurement operations so far during the season, amounting to 25% of the crop arrivals in the market, top officials of the corporation said.