Under the impact of the Sino-US trade war, China’s economy has continued to decline. Domestic demand is weak, foreign trade is stagnant, and China’s textile and garment industry is in deep trouble after a wave of production closures.
Pakistan’s textile sector has been raising hue and cry over the removal of zero-rating regime announced in the latest federal budget. But are their arguments tenable? The short answer is a resounding no. For the long answer, read below.
The 35th GST council on Friday extended the tenure of the national anti-profiteering authority (NAA) by two years till November 30, 2021.
In its first meeting under new Finance Minister Nirmala Sitharaman, the GST Council has extended the deadline for filing annual returns by two months. The all-powerful council decided to extend the deadline to file forms GSTR-9, GSTR-9A and GSTR-9C till August 30, 2019. The earlier deadline to file these returns was June 30, 2019.
Terming employment generation as one of his priorities, MSME Minister Nitin Gadkari on Thursday said that the MSME sector offers huge potential and the government is ready to come out with special policies to promote import-substitute products.
Tirupur: Knitwear industrialists here are excited about the prospects of earning geographical indication (GI) tag for the products manufactured in the cluster.