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PANABAAKA LAKSHMI
State oil marketing companies report Rs 4,403 crore net loss in Q1: P LakshmiState-run oil marketing companies have reported a combined loss of Rs 4,403 crore in April-June quarter of the current financial year.
- Govt sets textiles exports target at $43 bn for FY'14
Govt today said it has raised textiles exports target to $ 43 billion for the current fiscal from $ 32 billion in the last year.
Government to build strategic crude oil storage capacity at four new locationsThe project, which is being implemented byISPRL, will be set up in Bikaner, Rajkot, Chandikhol and Padur.
'Cotton output likely to be 340 lakh bales this season'In the last cotton season, the natural fibre production stood at 352 lakh bales and exports were to the tune of about 127 lakh bales.
Handicraft is highly promising sector: Textiles Minister"Many new production clusters have been notified and suitable grants have been earmarked for development of such clusters," Panabaaka Laksh...
- No plans to ban import of used clothes: Govt
Under the Customs Tariff Act 2012-13, worn clothing and other worn articles attracts a standard rate of import duty of 10 per cent.
- CCI urges to resolve stalemate at 39 exploration blocks: Panabaaka Lakshmi
MoD has placed restrictions on account of strategic and security related considerations.
Reliance can install compressor in D6 if it agrees to CAG audit: Oil MinistryThe government has also asked the company to drill more wells in the fields to reverse declining output Minister of State for Oil and Natur...
- 'Apparel exports target raised to $18 bn for 2012-13'
The government has revised upwards the garment exports target to about Rs 99,000 crore from about Rs 93,500 crore for 2012-13 fiscal follow...
- Textiles industries accounts for 8 pc of recast assets of banks: Government
The government today said the textiles sector constituted eight per cent of the total restructured assets across banks.
- Fibre policy recommendations incorporated in 12th Plan: Government
The government today said the recommendations of the National Fibre Policy (NFP) have been incorporated in the 12th Five-Year Plan.
- Textile exports estimated at $34 billion during FY'12
"Textiles exports for the year 2011-12 are projected at USD 34 billion," Minister of State for Textiles Panabaaka Lakshmi said.
- 13 modernised NTC mills generate cash profits in 2011-12
Of the 23 National Textile Corporation (NTC) mills that have been modernised, 13 of them have generated cash profits in 2011-12.
- No reports of shortage of raw-material: Textiles Ministry
The Textiles Ministry today said it has not received any report about shortage of raw-material, including cotton, in the domestic market.
- Textiles sector needs a push, says government
The textiles sector needs a boost to raise its share in world markets and compete with China, Parliament was informed.
- Government recommends continuation of TUFS in 12th Plan, allocates Rs 15,886 crore
The industry has been demanding continuation of the scheme as the freeze would adversely impact their investment and modernisation plans.
- RBI not in favour of relaxing norms on loan restructuring, says government
The government said the Reserve Bank is not in favour of relaxing norms on loan restructuring for any specific sector, including textiles.
- Employment in textile units declined as on March, 2011
The government today said employment in textiles units has declined by 1.21 lakh as on March 2011 as compared to December 2010.
- NTC generates Rs 5,987 cr through sale of surplus land
National Textiles Corporation (NTC) has generated Rs 5,987 crore funds till date from the sale of 1,533 acres of surplus land.
- Cotton exports grew 137 per cent at 83 lakh bales in 2009-10
Cotton exports increased 137 per cent to 83 lakh bales, of 170 kg each, during the crop year October-September 2009-10, over the previous y...