Important meeting of GST Council today; to finalise rates on gold, textiles

Important meeting of GST Council today; to finalise rates on gold, textiles

The GST Council had last month fitted over 1,200 goods and 500 services in the four tax brackets of 5, 12, 18 and 28 percent. Beside, it had imposed cess over and above the peak rate of 28 percent on demerit and luxury goods.

Jun 03, 2017, 09:31 AM IST
GST Council to finalise rates on gold, textiles today

GST Council to finalise rates on gold, textiles today

The GST Council will on Saturday finalise taxes to be levied on six commodities, including gold, textiles and biscuits, as the Centre and states gear up to roll out the new indirect tax regime from July 1.

Jun 02, 2017, 16:29 PM IST
Good quality textiles a rarity in Indian markets, says Madhu Jain

Good quality textiles a rarity in Indian markets, says Madhu Jain

Craft revivalist and textile conservationist Madhu Jain, known for promoting indigenous forms of textile weaving and design in her almost 30 year-long career, says it's difficult to find good quality textiles in the Indian market nowadays. She also feels that unlike in the West, there is no quality control in India and this results into many problems.

Sep 14, 2016, 14:20 PM IST

Govt provides Rs 3,000 cr duty benefits to boost exports

FIEO Director General Ajay Sahai said that Rs 3,000 crore incentive would help Indian exporters at this challenging time.

Oct 30, 2015, 22:22 PM IST

Welspun Q1 net up 55% at Rs 163 cr; plans Rs 1,100 cr capex

Home textiles firm Welspun India, part of the USD 3 billion Welspun Group, Monday reported a 55.42 percent jump in its consolidated net profit at Rs 163.15 crore for the first quarter of 2015-16.

Jul 20, 2015, 21:59 PM IST

IKEA plans to ramp up sourcing in India, eye new categories

Swedish furniture retail major IKEA is mulling increasing sourcing of items from India and widening its supplier base in the country.

Feb 11, 2015, 14:38 PM IST

Textiles Min approves setting up of 13 textile parks

Textiles Minister Santosh Gangwar Thursday approved setting up of 13 textile parks, entailing minimum investment of Rs 100 crore each, a move that will help generate thousands of jobs.

Sep 18, 2014, 19:20 PM IST

N&S GAIA at the Lakme Fashion Week by Sidharth Sinha

Sidharth Sinha of N&S GAIA made his debut on day three of the ongoing Lakme Fashion Week, Friday 14th March 2014

Mar 20, 2014, 19:18 PM IST

Make a difference at any age

The fact that no matter how old she is, nothing can stop a woman on a mission as Suraiya Hasan Bose and Ratnamala both prove.

Dec 17, 2013, 10:04 AM IST

'Textiles fair generates Rs 425 cr business this year'

This year, over 200 exhibitors showcased a wide variety of products -- apparels, made-ups, home textiles, fashion accessories, carpets, rugs and bags, according to organisers.

Oct 06, 2013, 20:50 PM IST

Making high fashion of traditional craft

Offering fashionistas a taste of indigenous textiles, an exhibition beginning Sep 6 in the West Bengal capital will showcase hand-woven furnishings and sarees sourced from weavers across the country.

Sep 04, 2013, 17:24 PM IST

Textiles export growth flat at $7.8 bn in Apr-Jun qtr

India's export of textiles and clothing remained almost the same year-on-year at USD 7.79 billion in the April-June quarter this fiscal, Parliament was informed Monday.

Aug 05, 2013, 18:28 PM IST

Textiles ministry mulls sops for handloom

The Textiles Ministry on Monday said it will hold talks with its commerce counterpart for sops to the labour-intensive handloom and handicraft industries.

Dec 21, 2009, 14:54 PM IST

Textiles exports up 8 percent in November

After contracting for more than a year, India`s export of textiles grew by 8 percent in November as demand picked up in European countries.

Dec 20, 2009, 13:10 PM IST

India to woo European investors for FDI in textiles

The Textiles Ministry will set on
mission to woo European investors to meet the government
target to attract USD 6 billion of foreign direct investment
by 2015.

Oct 21, 2009, 16:06 PM IST

Surat textile park to provide employment to 25k people

An eco-friendly textile park to be opened on Wednesday in Surat will provide employment to 25,000 people besides producing products worth Rs 850 crore annually.

Sep 08, 2009, 16:23 PM IST

Outlook for textile industry remains negative: Fitch

Global rating agency Fitch on Monday retained its negative outlook for the Indian textile industry saying exports could recover only with an improvement in economic activities.

Aug 17, 2009, 21:43 PM IST

Special textiles to create 3 lakh jobs by 2012: Maran

The govt said the
technical textiles segment, which is engaged in production of
the specialised variant of the commodity used by industries,
may become a Rs 66,441 cr industry employing three lakh workers by 2012.

Aug 12, 2009, 16:29 PM IST