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Telangana government has sought about Rs 898 crore from the Centre for creating infrastructure at the Kakatiya Mega Textile Park (KMTP) coming up in Warangal.

Ludhiana, Members of the Knitwear and Textile Club, including Mridula Jain, chairperson of Shawl Club, and Charanjiv Singh, general secretary of the Knitwear and Textile Club, met Union Minister Smriti Irani and raised various issues related to the industry, at Delhi today.

Hyderabad: The State government has sought sanction of a Mega Powerloom Cluster at Sircilla under Comprehensive Powerloom Cluster Development Scheme (CPCDS) and also financial assistance of Rs 806.81 crore for setting up Kakatiya Mega Textile Park (KMTP) at Warangal.

Government officials have identified unbilled purchases as the lead cause for revenue leakages under the Goods and Services Tax (GST), and the same was discussed by senior officers during the first national GST conference on November 25, The Times of India reports. The meeting was chaired by revenue secretary Ajay Bhushan Pandey.

The unprecedented economic slowdown would suggest that the crunch in GST collections is here to stay for a while. Yet the Centre must address the States’ woes at the earliest.

The Reserve Bank of India on Tuesday penalised three cooperative banks -- Nesargi Urban Co-operative Bank Limited, Krishna Pattana Sahakar Bank Niyamitha and Ron Taluka Primary Teachers' Cooperative Credit Bank Limited -- for non-submission of returns under Section 27 (2) of the Banking Regulation Act, 1949.

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