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1. Nirmala Sitharaman (FM) dismisses 'Textiles Ministry Proposal' to defer GST rates hike ...
(Textile)
25 December 2021, Mumbai: India’s Treasury Minister Nirmala Sitharaman rejected the Ministry of Textiles’ proposal to postpone the Goods and Services Tax (GST) hike from 5% to 12% of current textiles ...
Created on 25 December 2021
2. GST notification to correct textiles tax anomaly: Nirmala Sitharaman ...
(Textile)
24 November 2021, Mumbai: Finance Minister Nirmala Sitharaman on Tuesday said the recent government notification on uniform goods and services tax (GST) at 12 percent for the textile and apparel sector ...
Created on 24 November 2021
3. Union Budget 2025-26: New measures to revitalize India’s footwear and leather industries announced
(Apparel)
01 February 2025, Mumbai Finance Minister Nirmala Sitharaman announced a comprehensive set of measures during the 2025-26 Budget presentation aimed at revitalizing India's labor-intensive footwear an ...
Created on 01 February 2025
4. Union Budget benefits MSME-based textile Industry and leather exports
(Textile)
The Indian government has increased the Budget allocation for textile sector schemes by 28 per cent to Rs 4,417.03 crore for the fiscal year 2024-25. Union Finance Minister Nirmala Sitharaman announced ...
Created on 24 July 2024
5. Textile Industry Responds to Interim Budget: Cautious optimism amidst hope for Full Budget relief
(Textile)
... growth. CITI appreciates focus on investment, seeks relief for spinning sector Confederation of Indian Textile Industry (CITI) Chairman Rakesh Mehra congratulated Finance Minister Nirmala Sitharaman ...
Created on 01 February 2024
6. GST Council Reduces Rates for Imitation Zari Thread
(Trade)
... and corporate affairs minister Nirmala Sitharaman presided over the meeting, which also saw recommendations for simplifying GST compliances. Streamline compliance Alongside the tax rate reduction, ...
Created on 14 July 2023
7. BUDGET 2023-24: Hits and misses
(Article)
... Nirmala Sitharaman’s focus on proven and trusted infrastructure, investment, green growth, youth power, and inclusive development approach has got an unequivocal thumbs-up from across the trade & industry ...
Created on 06 February 2023
8. Union Budget 2023-24: Perspective on textile industry
(Article)
... re presented by Finance Minister Nirmala Sitharaman, and focuses on increasing the production and export of textiles in India.  In her Budget speech, Nirmala Sitharaman alluded unequivocally that," Interestin ...
Created on 02 February 2023
9. Budget promises enhancing cotton crop productivity
(Textile)
... said Finance Minister Nirmala Sitharaman said in her Budget speech.  India gets its moment in the sun! The emphasis to increase cotton crop productivity was positive for cotton textile stocks. At ...
Created on 01 February 2023
10. Union Budget 2023: Textile industry story of 'Resilience To Resurgence'
(Textile)
... ed by Finance Minister Nirmala Sitharaman, and focuses on increasing the production and export of textiles in India. Path-breaking interventions; The budget proposes to set up a comprehensive natio ...
Created on 01 February 2023
11. How Textile Industry can deleverage to mitigate global slowdown
(Article)
... or, which is among the top employers. Nirmala Sitharaman, the Union Finance Minister of India, stated that "newer issues emerging in the world will pose a challenge to India's progress. For recovery to be sustai ...
Created on 13 December 2022
12. Rising concerns around China dumping cheap clothing in Indian Apparel Industry
(Article)
20 October 2022, Mumbai: An interesting anecdote is that during a recent trip, Nirmala Sitharaman, the Hon'ble Finance Minister, told interacted on a platform bringing to the fore how inexpensive bu ...
Created on 20 October 2022
13. SIMA appreciates government for removal of anti-dumping duty on yarn
(Trade)
... The Southern India Mills Association has thanked Prime Minister, Narendra Modi, NirmalaSitharaman, Minister of Finance, and PiyushGoyal, Minister of Textiles for removing the antidumping duty on elastomeric ...
Created on 24 May 2022
14. SIMA hails the removal of anti-dumping duty on spandex yarn & reduction of excise duty on petroleum products
(Textile)
... Shri Narendra Modi, Hon’ble Minister of Finance Smt Nirmala Sitharaman and Hon’ble Minister of Textiles, Shri Piyush Goyal for removing the antidumping duty on elastomeric filament yarn. He has said ...
Created on 23 May 2022
15. CITI hails withdrawal of import duty on Cotton
(Trade)
... Nirmala Sitharaman Ji, Hon’ble Union Minister of Agriculture & Farmers’ Welfare, Shri Narendra Tomar Ji, Hon’ble Minister of State for Textiles & Railways, Smt. Darshana Vikram Jardosh Ji and all the concerned ...
Created on 19 April 2022
16. FM: Textile Inverted Duty Structure to be taken up @ forthcoming meet
(Textile)
... meeting. ALSO READ Nirmala Sitharaman (FM) dismisses 'Textiles Ministry Proposal' to defer GST rates hike The GST Council plans to take up the vexed issue of inverted duties on textiles at its meetin ...
Created on 18 April 2022
17. Scope of ECLGS enhanced & validity extended till 31.3.2023
(Trade)
31 March 2022, Mumbai: Giving effect to Union Finance & Corporate Affairs Minister Nirmala Sitharaman’s announcement in Union Budget 2022-23, the National Credit Guarantee Trustee Company Limited (NCGTC) ...
Created on 31 March 2022
18. Tirupur exporters meet FM, urging to help SMEs
(Apparel)
... (TEA) President Raja M. Shanmugham and Vice President E. Palanisamy met with Nirmala Sitharaman, Union Minister of Finance and Minister of Corporate Affairs, in Chennai and handed over a representation ...
Created on 01 March 2022
19. In order to encourage investment in the textiles sector, the inverted tariff structure must be corrected: Minister of Finance
(Textile)
24 February 2022, Mumbai: Correction of the inverted tariff structure in the textiles value chain, according to Finance Minister Nirmala Sitharaman, is critical to attracting investment in the sector. ...
Created on 24 February 2022
20. RBI Governor Shaktikanta Das: There's no need to fear, even though India's inflation is expected to rise in January
(Trade)
... inflation towards the higher end of its goal band is not a cause for concern. Das made the remarks following a post-budget meeting with Finance Minister Nirmala Sitharaman and the board of the central ...
Created on 17 February 2022