Union Finance Minister Arun Jaitley today met representatives of Surat's textile industry and assured them that the Centre will look into their concerns.

India’s exporters are a worried lot.  Four months after India’s biggest tax overhaul, traders are still waiting for 500 billion rupees ($7.7 billion) they say the government owes them in refunds, leaving them short of operating capital as overseas sales suffer. 

The government has announced the post-GST rates for claiming rebate of state taxes under the scheme for Remission of State Levies (RoSL) on exports of readymade garments and made-ups, in a bid to support the outward shipments. 

Cambodia’s private sector is worried over the uncertainty created by the proposed universal minimum wage law, according to Sok Lor, secretary general of the Cambodian Federation of Employers, who said recently that new labour laws, including a national social security scheme and a higher minimum wage for garment workers, have already put businesses on edge. 

Amid a sharp fall in exports, especially in October 2017, the Indian government has increased the incentive under the Merchandise Exports from India Scheme (MEIS) for readymade garments and madeups. The incentive has been increased from two per cent to four percent of value of exports made during the period from November 1, 2017 to June 30, 2018.

Bangladesh has decided to amend its labour law and the Bangladesh Export Processing Zones Authority (BEPZA) law to comply with the European Union (EU) recommendations. The decision was announced by law minister Annisul Huq after a recent meeting of stakeholders and will be conveyed to the prime minister and the International Labour Organisation (ILO).