PUNE: Reacting to the Union budget proposals 2020-21, Mr.Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA), Coimbatore, in a Press release issued here today, has thanked the prime minister for favourably considering the long pending demand of the industry and abolishing the anti-dumping duty being levied on Purified Terephthalic Acid (PTA) imported from different countries including China, Indonesia, Taiwan, Iran, Malaysia.
FIEO President Sharad Kumar Saraf has said that the Union budget has attempted at structural changes in agriculture, horticulture and pisciculture, through 16 Action Points, to make India a major player in agro and allied sectors exports in medium to long term basis besides simultaneously doubling our farmers income.
After slashing income tax rates for individuals on condition that they give up exemptions and deductions, Finance Minister Nirmala Sitharaman on Saturday said the government intends to remove all IT exemptions in the long run.
India's economy is slowing down. It has particularly affected the textile industry - and led to hundreds of workers losing their jobs.
PHNOM PENH -- A rare public spat has broken out between Cambodian garment factories and the international brands they supply as concerns grow that the country will soon lose its tariff-free access to Europe.
Union Finance Minister Nirmala Sitharaman on Saturday said that the soon to be released National Logistics Policy will make MSMEs more competitive.