Union Budget 2020 India: With persistent domestic and external headwinds in the last year, there is an expectation of strong and robust measures being announced in the upcoming budget to support economic revival, and boost sagging growth.
It is generally believed and argued by most economists that a rapid growth of exports leads to higher economic expansion.
Budget 2020 India: Ease in GST filing will greatly benefit SMEs even as the GST council has taken several steps to simplify the process over the past couple of years.
The Indian government recently approved setting up of a common facility centre (CFC) to support power loom units in Palladam and Somanur areas of Tamil Nadu.
Investment in large-scale facilities, new technologies and manufacturing excellence are the way forward for the Indian textile industry, according to a textile report titled ‘Winning in Disruptive Times’ by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Wazir Advisors. Global textile and apparel industry is going through disruptive times, it noted.
NEW DELHI : When finance minister Nirmala Sitharaman presented her first budget on 5 July last year, one crucial word was missing from her 20,189-word speech: Exports. This led to talk of a probable turf war between the finance ministry and the commerce ministry.