-ANI/ The New Indian Express "We want workers to safely return and resume work. A bus takes 72 hours to reach Surat while the train takes 42 hours. If they return, it will be very helpful for us," Ashish Gujarati said. SURAT: Businessmen have claimed that the Textile Industry in Surat is facing a shortage of workers as they have not returned in the absence of transport services. Hence, they are trying...
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Civil society group welcomes failure to sign RCEP; calls it 'bad deal for democracy' -Joe C Mathew
-Business Today RCEP trade deal: The group said that the Indian govt should not agree to the RCEP even in future as it will be a 'bad deal for democracy, for farmers, workers, will subvert our sovereign laws and compromise India's industrialisation potential'. Forum for Trade Justice, a pan-civil society network has welcomed the failure of the 16 negotiating countries to reach a consensus over the conclusion of the world's largest free...
More »Government announces Rs.50,000 crore overhaul of export tax refund scheme - Gireesh Chandra Prasad and Asit Ranjan Mishra
-Livemint.com * Scheme for remission of duties of taxes on export products will replace Merchandise Exports from India Scheme (MEIS) scheme, said FM * The new scheme which will benefit all products including textiles is more beneficial to the industry, the minister said at a briefing Finance minister Nirmala Sitharaman on Saturday announced a slew of measures including a new attractive scheme to refund the duties and taxes on exports that will replace...
More »Slowdown may render 30 lakh MSME workers jobless: KASSIA
-The Hindu Karnataka has over 6,00,000 small industries that employ over 70 lakh people Bengaluru: If the Union government fails to come up with precautionary measures to minimise the impact of the economic slowdown on the MSME (Micro Small & Medium Enterprises) sector, at least 30 lakh people will go jobless in Karnataka, cautions industry apex body, KASSIA (Karnataka Small Scale Industries Association). “The recession is no more a fear, but a...
More »For India Inc's sob story, Sitharaman has a sop story. But will it help? -Aunindyo Chakravarty
-TheWire.in Instead of giving freebies to the affluent, Sitharaman should have announced additional government spending in MNREGA and plans for filling vacancies in government jobs. After holding out for seven weeks, following her maiden budget, Nirmala Sitharaman finally blinked. For about a month now, pink papers and business-friendly pundits had been crying foul about India Inc’s shrinking sales. But, since you can’t sell a sob story about the rich, it was spun to...
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