A hire-and-fire policy on labour is required in textiles to realise its full export potential, an expert panel has suggested.
After the portfolios of Union Ministers were announced on Friday and Smriti Irani was retained as Union Minister for Textiles, the textile and clothing industry here is hopeful that many of the pending issues will be resolved.
The textiles industry has welcomed the appointment of Smriti Irani as the Union textiles minister in the new Narendra Modi-led National Democratic Alliance (NDA) government.
NEW DELHI: In the campaign for the 2014 Lok Sabha elections, Nirmala Sitharaman often held the fort in the BJP office as spokesperson, offering on record responses and off record assessments on how the campaign was unfolding. Never flamboyant, she would bring a certain intensity to BJP’s media offensive even opponents would pause to acknowledge.
The new government is likely to further tighten GST norms due to poor revenue collection in the last financial year. The government is facing a revenue shortfall of Rs 1 lakh crore.
Becomes the first woman to be given full-time charge of the Finance Ministry.