The commerce ministry has circulated a Cabinet note to phase out the flagship Merchandise Exports from India Scheme (MEIS) and move to a more WTO-compatible regime, as countries like the US have challenged India’s export “subsidy” programmes, a source told FE.
Rising domestic demand, spurt in exports push revival.
The Divisional officer of CGST Commissionerate in Coimbatore has nabbed a tax consultant for allegedly defrauding the department of ₹36 lakh.
India’s leading apparel retailers are expecting a revival in sales in the festive season on backdrop of low business for over three quarters now.
The apparel industry is encouraging the Government to expedite formalities for the establishment of a dedicated textile processing zone.
India and Benin on Monday signed an MoU on Cooperation in the field of Export Credit and Investment Insurance.