-The Hindu Policy efforts to formalise the economy will have limited results as the bulk of informal units are petty producers Since 2016, the Government has made several efforts to formalise the economy. Currency demonetisation, introduction of the Goods and Services Tax (GST), digitalisation of financial transactions and enrolment of informal sector workers on numerous government Internet portals are all meant to encourage the formalisation of the economy. But why the impetus...
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As cotton prices skyrocket, textile industry raises concern -Subramani Ra Mancombu
-The Hindu Business Line Seeks CCI intervention to procure the natural fibre; traders point to global trend The Indian textile industry has begun expressing concern over soaring cotton prices in global and domestic markets, with some even raising fears that the natural fibre is being hoarded. In a memorandum to Prime Minister Narendra Modi, Southern India Mills Association (SIMA) Chairman Ravi Sam called for steps to stabilise cotton prices, particularly when the country...
More »Cotton production estimated to be lower at 360 lakh bales
-The Hindu The Committee on Cotton Production and Consumption expects production during the current season (October 2020 to September 2021) to be at 360 lakh bales, slightly lower than the 2019-2020 estimate of 365 lakh bales. COIMBATORE: At a meeting held on Friday, the committee estimated cotton exports in the current season to be at 70 lakh bales and consumption by Textile mills at 288 lakh bales. The closing stock is projected...
More »Abstain from speculations, give exact job loss count, Finance Ministry tells India Inc.
-The New Indian Express There were also reports that the auto sector has seen 3 lakh crore jobs being lost. NEW DELHI: TAKING notice of daily reports on job losses, the Union Finance Ministry has asked business chambers and industries to produce the exact number of job cuts to derive the correct picture of the economy. It has asked the industries to abstain from causing panic. “There are a number of reports that...
More »Surat's underground garbage system shows way to Delhi and other big cities -Dipak K Dash
-The Times of India SURAT/ NEW DELHI: Surat is showing the way to Delhi and other big cities that are struggling to manage garbage spilling out of ‘dhalaos’ and filling the air with foul smell. The city’s municipal body has installed 43 underground garbage bins, each of which can contain up to 1.5 tonnes of waste as a part of the Smart City Mission and these are fitted with sensors to...
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