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Uniform Tax Rate for Manufacturers and Traders by GST Council

Arun Jaitley, Indian finance minister along with the GST members has recommended changes in the Composition Scheme at its 23rd GST meeting held at Guwahati on November 10, 2017. The meeting unveils major relief in GST rates on some goods and services, spread across many sectors and commodities. The Council recommended a uniform tax rate @ 1 per cent for manufacturers and traders (for traders, turnover will be counted only…
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Apparel and Textile News

Textiles Sector issue to be covered in 23rd GST Meeting: Irani

Smriti Irani, Indian textiles minister recently said that the problems faced by the Indian textiles sector over the GST would be discussed at the ongoing 23rd meeting of the GST council in Guwahati. The textiles sector generates as the most employment in the country after agriculture, the center is fully aware of its importance and interests of small weavers, she added. Many feedback had been received from textile industry representatives…
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Apparel and Textile News

Smriti unveils new Handloom brand ‘Navibhu’ with Myntra

To expand customer interest in the Indian handloom industry, the Union textiles minister Smriti Irani launches handloom brand 'Navibhu' with a view to tap the niche. The brand was unveiled at Myntra's 6th Annual Brand Summit - Tech Threads 2017. The initiative will boost the traditional handloom industry and will support the weavers on the other hand. Irani said, "I wish Navibhu - a brand born with the richness of…
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Apparel and Textile News

Govt’s initiative SAATHI will be jointly implemented by EESL

The ministries of textiles and power has taken the initiative to join hands for SAATHI (Sustainable & Accelerated Adoption of efficient Textile technologies to help small Industries), implemented by Energy Efficiency Services Ltd (EESL) who will procure energy efficient powerlooms, motors and rapier kits and give them to small and medium powerloom units at no upfront cost. SAATHI will be jointly implemented by EESL and the office of the Textile…
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Apparel and Textile News

Handicraft Exports witnessed 13.15 % growth in 2016-17

The Union Textiles Minister Smriti Zubin Irani has urged the exporting fraternity to take care of the welfare of artisans who are the backbone of the sector.  After inaugurating IHGF - Delhi Fair Autumn 2017, the Minister appreciated the role of Export Promotion Council for Handicrafts (EPCH) in promoting exports of handicrafts.  She noted that handicraft exports have witnessed a year-on-year growth of in 2016-17 and has touched Rs. 24,392…
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Apparel and Textile News

Trade Facilitation Centre for Handicrafts launched by Modi

A trade facilitation centre Deendayal Hastkala Sankul for handicrafts has been inaugurated by the prime minister Narendra Modi, in Varanasi (Uttar Pradesh) on September 22. He described the centre as one of the biggest project for Varanasi. Union Textiles Minister Smriti Zubin Irani was also present at the inauguration ceremony of the Rs. 300 crore-Deendayal Hastkala Sankul. Uttar Pradesh Governor Ram Naik; Chief Minister Yogi Adityanath; and Minister of State,…
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