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exporters from knitwear hub of tirupur set to increase prices by 10%




exporters from the knitwear hub of tirupur are planning to increase prices by around 10 per cent against the backdrop of higher cost of raw materials, mainly cotton and other expenses. the price increase comes after nearly 5-6 years. industry representatives have said that they need to go for an at ...



truckers' strike causes loss of rs 70 bn worth of goods trade in tamil nadu




due to the ongoing all-india strike by truck operators, rs 70 billion worth of trade in goods has been affected in tamil nadu alone, said all india motor transport congress' (aimtc's) representatives. vegetable prices are also soaring in various parts of the state, especially in chennai, due to the ...



tirupur exporters eye expansion in odisha, seek to invest in textile park




t e narasimhan  |  chennai  may 21, 2017 last updated at 16:19 ist



ready-made garment exports drop 41% in oct




after seeing an increase of around 25 per cent in exports in september, exports of ready-made garments fell by nearly 41 per cent in october. exporters say the drop is owing to ambiguities embedded in the goods and services tax (gst), which has put india in a disadvantageous position vis-á-vis comp...



tamil nadu plans new integrated textile policy to boost industry




in a move to boost textile industry in the state, which is the capital of knitwear and various textile products, tamil nadu government is planning to introduce a new integrated textile policy. in his budget speech today tamil nadu deputy chief minister and finance minister o panneerselvam said that ...



textile ministry wants early nod for rs 1.7-bn knitwear package from finmin




with an aim to boost job creation and lift sagging exports, the textile ministry is expecting the finance ministry to clear rs 1.7-billion special package for the knitwear sector at the earliest. "the idea is to make the domestic manufacturers more competitive. this is an employment-intensive sector...



readymade garment exports up 25% in sept; firms say can't sustain growth




after seeing a contraction for three months in a row, readymade garment (rmg) exports rose by 25 per cent in rupee terms and 30 per cent in dollar terms in september. however, exporters said this would not be sustainable due to the government's unfavourable policies. of the total rmg exports, 52 per...



gst refund woes bite exporters




non-payment of tax refunds and last-mile procedural glitches have continued to be the biggest bane of exporters in the new tax regime. the issues have shaved off higher growth prospects for outbound trade. a sharp rebound in exports in november, though, might present another picture. but experts att...



paper firms raise prices by 2-3% due to increase in raw material costs




after nearly three years of stagnation, paper prices have started firming up. after a good fy18, companies have again raised prices by 2-3 per cent in the current financial year due to increase in raw material costs. industry official said global players have taken a price hike of 6-8 per cent in th...



maruti follows tata motors, honda; to raise car prices by up to 2% from jan




country's largest carmaker maruti suzuki india (msi) plans to increase prices across its models by up to 2 per cent from january in order to partially offset the rise in input costs.the company currently sells a range of models, from hatchback alto 800 with price starting at rs 2.45 lakh to crossove...



cotton blooms as us-triggered trade war intensifies, yarn prices up 10%




cotton yarn prices have jumped a little over 10 per cent in two weeks, due to a sharp increase in demand from markets abroad, following rupee depreciation. along with yarn, there has been an increase in orders for indian cotton from china , following a build-up in its trade war with the us. in a ret...



cbec camps from mar 15 to fast track gst refunds to exporters




to ease exporters' gst refund woes, revenue authorities will set up camps across the country for a fortnight beginning march 15, cbec chairperson vanaja sarna said today. the central board of excise and customs (cbec) has already given refunds to the tune of rs 50 billion but as much as 70 per cent ...



cbec camps from mar 15 to fast track gst refunds to exporters




to ease exporters' gst refund woes, revenue authorities will set up camps across the country for a fortnight beginning march 15, cbec chairperson vanaja sarna said today. the central board of excise and customs (cbec) has already given refunds to the tune of rs 50 billion but as much as 70 per cent ...



donald trump takes aim at opec over high oil prices




president donald trump has accused opec of manipulating oil prices ahead of the group's production meeting later this month.see related oil prices hit four-year high“oil prices are too high, opec is at it again,” the president wrote on twitter yesterday. “not good!”this isn’t the first ti...



'unprecedented' wave of gambling advertising reaching children, daily mail owner




northamptonshire is leading a midlands 'mini-boom' in house prices, says the guardian. as london’s unaffordable prices drive people away, asking prices for homes in northants have jumped by 9.1% over the past year, the biggest increase in england and wales, says rightmove. asking prices for the co...



paper makers raise prices by 2.5% across segments as input costs pinch




paper manufacturers have raised their product prices by an average 2.5 per cent across all segments for january, in order to pass on the increase in raw materials such as pulp and paper chemicals. this is the second price increase in three months after paper producers had, in november, reversed a on...



paper makers raise prices by 2.5% across segments as input costs pinch




paper manufacturers have raised their product prices by an average 2.5 per cent across all segments for january, in order to pass on the increase in raw materials such as pulp and paper chemicals. this is the second price increase in three months after paper producers had, in november, reversed a on...



e-wallet will address gst refund issue of exporters: prabhu




introduction of e-wallet mechanism will effectively address the woes of exporters who have been complaining of delays in refund of taxes under the gst regime, commerce and industry minister suresh prabhu has said.under the e-wallet mechanism, a notional credit would be transferred to exporters' acco...



goods exporters body seek parity between domestic, export steel price




to bring a parity between the domestic and export prices of steel, the engineering export promotion council of india (eepc india) has asked the union government to consider several measures, including price parity in indigenous and exported steel and lowering of basic customs duty on some steel prod...



goods exporters body seek parity between domestic, export steel price




to bring a parity between the domestic and export prices of steel, the engineering export promotion council of india (eepc india) has asked the union government to consider several measures, including price parity in indigenous and exported steel and lowering of basic customs duty on some steel prod...



rs 70-bn gst refunds of exporters cleared; here's date for settling claims




over rs 70 billion or half of the pending gst refunds of exporters has been cleared in the first nine days of the ongoing special refund fortnight. "more than rs 70 billion of igst/ itc refunds sanctioned till now during the ongoing special refund fortnight," the central board of indirect taxes and ...



tea prices in india dip even as they rise in major tea producing nations




while major tea production countries have seen an increase in prices, india seen a decline of around 3.5 per cent during the seven months of the current year. sri lankan prices touched $4.03/kg during the first seven months of calendar 2017, from $2.95 a kg in the corresponding period the previous y...



with summers setting in, mother diary, amul increase milk prices




just days before holi, mother diary today raised prices of milk across all its variants by rs 2 per litre because of increase in purchasing price. according to an official statement issued by the company, it has been compelled to raise milk prices in delhi and ncr because of significant increase in ...



tax relief for exporters struggling to secure refunds for six months




the goods and service tax (gst) council on saturday extended exemptions for exporters struggling to secure refunds for six months till end-september. last year, the council had allowed the exemptions till march 31. exporters have to pay the tax upfront and also integrated gst (igst) on inputs import...



expect some vanishing of export concessions




india’s merchandise export rose to $309 billion in 2017-18 from $280 bn in 2016-17, says the reserve bank of india. just over 10 per cent, which is not bad,considering the liquidity constraints exporters faced last year. even if part of the increase could be attributed to better prices. the prospe...