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India’s textile ministry recently announced a special one-time additional ad hoc incentive of up to 1 per cent of free on board (FoB) value for exports of apparel and made-ups.

India’s textile ministry recently announced a special one-time additional ad hoc incentive of up to 1 per cent of free on board (FoB) value for exports of apparel and made-ups.

The Indian government will ensure that cotton procured by the Cotton Corporation of India (CCI) is not kept unused, leading to problems for micro, small and medium enterprises (MSMEs), according to minister of textiles and women and child development Smriti Irani, who recently said the two-decade-old problem of obligation of Hank yarn production has also been resolved.

Surat: State Goods and Services Tax (SGST) department raided seven export units and unearthed input tax credit (ITC) fraud of Rs6.56 crore by them by showing fake supplies of goods in the city on Friday.

BENGALURU: The Indian government had 606.05 billion rupees ($8.53 billion) of outstanding loans with the central bank under ways and means advances in the week ended Jan. 10, according to the Reserve Bank of India's weekly statistical supplement released on Friday.

New Delhi, Jan 17 (KNN) As the government had sought feedback/ suggestions of people from all sectors across India for the Budget set to be presented on February 1, 2020, ideas, suggestions and requests are pouring in from industry to bring new reforms and to do away with the policies which are no longer relevant and increases “unease” of doing business in the country.

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