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Tag: Finance minister

FM To Consider FICCI’s Suggestions
Apparel and Textile News Ministry of Textiles News

FM To Consider FICCI’s Suggestions

Finance minister Aurn Jaitley has assured the Textiles Committee of the Federation of Indian Chambers of Commerce and Industry (FICCI) that he would consider its suggestions on proposed revised Technology Upgradation Fund Scheme (TUFS), interest subvention and duties on man-made fibre. The committee led by its chairman Shishir Jaipuria submitted a representation to the finance […]

Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

Jaitley Optimistic About Introduction Of GST

Finance Minister, Arun Jaitley today said a Constitution Amendment Bill for introduction of Goods and Services Tax (GST) will be passed in the current session of Parliament as there is a broad consensus among states on the issue. Jaitley said he is optimistic about introduction of GST, which will create a nationwide unified market and […]

Apparel and Textile News Ministry of Textiles News

Rationalisation In Excise Duties On Footwear Sought

The All India Footwear Manufacturers and Retailers Association (AIFMRA) has urged the finance minister, Arun Jaitley to reduce the high excise duties imposed on non-leather footwear in the recent union budget. In a memorandum submitted to Jaitley, the AIFMRA sought relief from high excise duty on non-leather footwear. Rafique Malik, chairman, AIFMRA, thanked the finance […]

Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

No Incentive For Apparel In Union Budget

Union Budget 2015-16 presented recently by finance minister, Arun Jaitley has no measures on promoting apparel manufacturing in the country, an expert of India’s clothing and retail industry said. “This (Budget) is meant to be a ‘Make in India’ Budget and what is disappointing is that there are no measures for encouraging or promoting apparel […]

Apparel and Textile News Apparel Brands and Companies

CMAI Thanks FM For Continuing OED Route

The Clothing Manufacturers Association of India (CMAI) thanked the finance minister for continuing the Optional Excise Duty route applicable on branded apparel in his union budget proposals for 2015-16. Being a highly labour intensive Industry, with a huge population of migrant workers, the move to make ESIS and EPF schemes optional for workers will bring […]

Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

TEA Welcomes ‘Pragmatic Union Budget 2015-16’

President of Textile Exporters’ Association (TEA), A. Sakthivel said the Union Budget 2015 – 16 is a futuristic and pragmatic one which will go a long way in fulfilling the needs of industry and also the people. Finance minister, Arun Jaitley has laid a roadmap for the overall development of economy to enhance the GDP […]

Apparel and Textile News Ministry of Textiles News

Ensuing Budget To Bring Relief, Expects Gujarat Textile Industry

The Gujarat textile manufacturers are looking ahead to tax cuts in the ensuing union budget which will help the industry come out of its current crisis. Finance minister, Mr. Arun Jaitley will present his first full year budget on February 28. South Gujarat Textile Processors Association president, Mr. Jitendra Vakharia said that industrialists of Surat […]

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