India needs structural reforms, not subsidies, to shield economy from West Asia shocks: ReportIndia must shift from subsidy reliance during global crises to structural reforms for economic resilience. Rising geopolitical tensions hig...
27 May, 2026, 01.48 PM IST
India's economy resilient amid external shocks, says SitharamanIndia's economy shows resilience and strong domestic demand. Finance Minister Nirmala Sitharaman highlighted that external factors are caus...
26 May, 2026, 05.30 AM IST
'Invisible weapons attacking social harmony': Akhilesh Yadav targets BJP, demands audit of funds and assetsSamajwadi Party Chief Akhilesh Yadav has directly attacked the Bharatiya Janata Party. He alleges invisible weapons are being used to harm ...
23 May, 2026, 12.21 PM IST
India’s 'China-plus-one' push needs tax ease and fast-track FTAs with developed nations: Arvind VirmaniIndia must reform its tax system and streamline clearances to attract global investments moving away from China. Economist Arvind Virmani e...
17 May, 2026, 03.45 PM IST
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 35%The price hikes in petrol and diesel follow the increase in the duty on gold. The way these hikes are being implemented makes it clear that...
15 May, 2026, 08.28 PM IST
GST hike from January 1: How hard will the changes hit textile & handloom industry?This tax increase will aid the Centre, which is experiencing a revenue shortage as a result of recent fuel duty cuts, by stabilising tax re...
28 Dec, 2021, 10.05 PM IST
New GST rates on textile likely from JanuaryThe sector had opposed the increase citing higher compliance costs, especially for the unorganised sector and micro, small and medium enter...
23 Dec, 2021, 06.53 AM IST
Textile industry goes on strike over GSTThe strike was to protest against the increase in GST (goods and services tax) from 5 per cent to 12 per cent. President of Erode Cloth Mer...
10 Dec, 2021, 04.13 PM IST
‘Completely unjustifiable’ GST rate hike on apparel, textiles and footwear show the Govt has no easy choicesThe Government wanted to correct a tax anomaly, but in the process the apparel, textiles and footwear sectors believe the move would lead t...
26 Nov, 2021, 10.13 AM IST
Budget 2018: As imports flood the market, India's textile industry is getting hammeredRepresentatives of textile industry have come forward to register their "disappointment" with the government for ignoring the calls of an i...
30 Jan, 2018, 10.17 AM IST
Centre will look into your concerns: Arun Jaitley to textile tradersSurat textiles industry body made representation before the finance minister seeking ease in procedures related to Goods and Services Tax (...
26 Nov, 2017, 08.46 PM IST
Apex textile industry body terms 18 per cent GST 'severe blow' to synthetic sectorThe apex industry association of the textile sector on Monday urged the government to reduce the levy to 12% to save the sector whose growt...
03 Jul, 2017, 09.55 PM IST
18% tax to raise prices of garments, made-ups: Textile industryGiving reasons for lowering the tax rates, Finance Minister Arun Jaitley had said the objective was to maintain equivalence to the existing...
12 Jun, 2017, 07.38 PM IST
SIMA welcomes reduction of GST on textile job work from 18% to 5%He has said that under current tax structure, textile job works are exempted from service tax as such activities are manufacturing processi...
12 Jun, 2017, 04.16 PM IST
Textile units fret over 18% GST, fear job cutsThe industry is also uneasy about the effect on jobs like weaving, knitting, cutting and packaging, which it fears could hurt the small uni...
09 Jun, 2017, 03.47 PM IST
GST a mixed weave for textile unitsExperts say cos that sell garments below Rs 1,000 will see cost savings of 2-3 per cent while those selling above that may report a 2-3 per...
09 Jun, 2017, 12.08 AM IST
'Textiles exports may remain flat at $40 billion in FY16'The country's overall exports of textiles and clothing may stand at $40 billion in 2015-16, similar to last year's level, a senior official...
27 Jan, 2016, 04.55 PM IST