KOLKATA: Reserve Bank of India Governor Shaktikanta Das has received support from Bank of America Merrill Lynch (BofAML) on his view that fiscal risks from raising extra-budgetary resources is mostly overdone and that the borrowings of state-run enterprises should not be included into that of the sovereign.
A shift in the textile manufacturing ecosystem is the need of the hour, say industry insiders.
To help Prime Minister Narendra Modi’s vision of making India a $5 trillion economy by 2024, the Indian Texpreneurs Federation (ITF) has submitted a 11-point appeal and suggestions to the ministry of textiles.
According to sources, such fraudulent claims of Integrated GST (IGST) refunds by exporters could exceed Rs 1,000 crore.
NEW DELHI: Finance Minister Nirmala Sitharaman will chair her first meeting of the GST Council on Friday which, among other things, would consider extending the tenure of the anti-profiteering authority by a year, setting up a single point refund system and a mechanism for businesses to issue e-invoices.
New Delhi: The Textile industry is one of the largest source of employment generation in the country with over 45 million people employed directly and another 6 crore people in allied sectors, including a large number of women and rural population.