The textile industry apparently is happy with Smriti Irani retaining charge of the Textile Ministry as she is known for pushing the Finance Ministry hard while demanding funds for various schemes.
The Apparel Export Promotion Council (AEPC), in association with the Social and Labour Convergence Program (SLCP), today organised a workshop to announce the launch of SLCP operations in Tirupur.
The landslide victory of Bhartiya Janata Party and its allies under the charismatic leadership Narendra Modi in the general elections of 2019 in India has raised concerns about the growing caste polarization and ideological extremes but in the same breath, it has raised the hope of revival of the Indian economy that has been battling with sluggish demand, low capital formation and freeze on the flow of credit.
MUMBAI: The Reserve Bank of India Monday modified the guidelines on large exposures for banks with a view to reduce concentration of risk and align them with the global norms.
Newly-appointed Micro, Small, and Medium Enterprises (MSME) Minister Nitin Gadkari said he would work with full strength to increase job opportunities in the sector, reported PTI.
The US terminated India's designation as a beneficiary developing nation under the Generalised System of Preference (GSP) trade programme, with effect from June 5. While the Centre has termed the move as "unfortunate", according to some industry observers, the US decision will hardly have any major impact on India's exports.