The GST rate cut on apparel priced below ₹2,500 is likely to lift the demand in the mid-premium segment, while the fast fashion/value segment, which account for 65 % of the sector’s revenue, will continue to drive the momentum, says Crisil. | Photo Credit: IDREES MOHAMMED The recent Goods and Services Tax (GST) rationalisation will […]
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File photo of Union Commerce and Industry Minister Piyush Goyal. As the India-European Union set to begin trade talks from October 6, Mr. Goyal had recently expressed hope that the two sides will sign the agreement soon. | Photo Credit: ANI Senior officials of India and the 27-nation European Union (EU) will commence the next […]
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Indian authorities have cleared European Union-sanctioned Nayara Energy to use four foreign-flagged ships for coastal transportation of fuels such as petrol and diesel within the country, but its non-Russian overseas trade remains stalled due to the unavailability of banking channels. The Directorate General of Shipping has approved four foreign-flagged ships being used for the coastal […]
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Representative image | Photo Credit: Reuters The GST rate for labour charges (job work) has been increased from 12% to 18% and it is expected to hit hard the Micro, Small, and Medium-scale Enterprises (MSMEs). C. Sivakumar, president of the Coimbatore Tiruppur district Micro and Cottage Entrepreneurs Association, said one of the long-pending demands of […]
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Piyush Goyal. File | Photo Credit: AP “India and Africa should look at doubling bilateral trade by 2030 from the current level of $82 billion,” Commerce and Industry Minister Piyush Goyal said on Friday (August 29, 2025). He also called for increasing cooperation in areas such as critical minerals, agriculture, technology and manufacturing. The two-way […]
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Profitability of RMG exporters dependent on the U.S. could contract 300-500 basis points, says Crisil Ratings. | Photo Credit: SIVA SARAVANAN S Revenue growth of India’s readymade garment (RMG) industry is set almost to halve on-year this fiscal as the imposition of 50% tariffs by the U.S. comes into effect from August 27, according to […]
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The U.S. is a key market for Indian ready-made garment exports, with the country holding a share of 33% in India’s total garment exports in 2024. | Photo Credit: The additional 25% tariff announced by the U.S. on exports from India will result in loss of substantial business if the tariff stays, said exporters of […]
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On the new NCERT Class 8 Social Science textbook omitting the mention of Tipu Sultan, Haidar Ali, and the Anglo-Mysore wars of the 1700s, the Centre said in response to a question in Parliament on Wednesday that states have the “flexibility to provide more coverage about regional personalities and events in their textbooks.” “Education being […]
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The exporters have urged the government to reintroduce the interest subvention scheme. Indian exporters, mainly the micro, small and medium-scale enterprises, have 2% to 3% disadvantage because of the high interest rates in India compared to the competing countries. | Photo Credit: SIVA SARAVANAN S Exporters of textiles, garments, and engineering goods fear that the […]
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Apple’s best revenue growth in three years failed to impress, with shares down about 1% in volatile trading on Friday, as investors questioned whether a tariff-driven surge in iPhone sales would last. ARTICLE CONTINUES BELOW VIDEO A rush to buy iPhones ahead of potential U.S. tariff-driven price increases, along with China subsidies and upbeat demand […]
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