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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.

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.

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.

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.

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.

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.

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.

'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.

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.