-Livemint.com Move aims to give further boost to manufacturing and exports of apparel, commerce and industry minister Piyush Goyal said at an industry event on Saturday COIMBATORE: The Union government is set to come out with a second production linked scheme (PLI) for the textiles sector, to give further boost to manufacturing and exports of apparel, commerce and industry minister Piyush Goyal said at an industry event on Saturday. On possibility of extension...
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Crisis in salt sector hits 5 lakh people in Gujarat -AM Jigeesh
-The Hindu While farmers suffer due to a lack of minimum support price, workers are also in distress for want of a proper system for wages and social security MORBI/JAMNAGAR: Bharat C. Raval, president of the Indian Salt Manufacturers’ Association (ISMA), started his career as a salt inspector with the Gujarat government. After spending 19 months in the government, he was attracted towards the salt cooperatives initiated by none other than Dr....
More »Urea prices go down by up to 45 per cent in global market due to fall in demand -Harvir Singh
-RuralVoice.in Urea prices, which had gone up to as high as nearly $1,000 per tonne, have come down to $550 per tonne. Besides, the price of ammonia, the raw material for urea, has also decreased from $1,100 per tonne to $850 per tonne. India had to buy urea at up to $980 per tonne due to the high prices. It seems the government may get some relief on the subsidy front that...
More »Hanging by a thread: Gujarat’s textile industry -AM Jigeesh
-The Hindu Textile traders and cotton farmers say they’re suffering unprecedented losses. For a State half whose population is linked to textiles, such a crisis could have far-reaching consequences. With the Assembly polls scheduled in Gujarat later this year, A.M. Jigeesh explores whether this financial adversity could have political repercussions Hours after the Goods and Services Tax (GST) was launched at a midnight gala on June 30, 2017, a 38-year-old textile trader,...
More »Loans worth ₹37 trillion sanctioned to MSMEs in FY22, up 182% from FY20: Report
-Livemint.com From ₹37.7 lakh in FY20 to ₹72.4 lakh in FY21-22, the average ticket size of MSME loans increased by 92%, the data on MSME loans showed. Total loan sanctioned to MSMEs stood at ₹37.29 trillion in FY22, an increase of roughly 5% over FY21 and 182% over FY20, as per a report by CRIF High Mark, a credit bureau. From ₹37.7 lakh in FY20 to ₹72.4 lakh in FY21-22, the average ticket...
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