The Tirupur Exporters' Association (TEA) today said the Reserve Bank of India's decision to keep the repo rate unchanged at 6.25 per cent has disappointed the exporting community, which was expecting a reduction in interest rate, post demonetisation. The ... Business Standard, 2 weeks ago
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A container carrying export garments worth Rs 50 lakhs, from Tirupur was claimed to have been driven away by unidentified persons after assaulting the driver, near Chennai, an exporters' body said today. According to Tirupur Exporters' Association(TEA), the ...Business Standard, 2 weeks ago
Permission to import machinery under Export Promotion Capital Guarantee (EPCG) Scheme and relaxation in condition for registration with indirect tax authorities by Director General of Forerign Trade would pave way for the much expected and required relief to ...DNA, 1 week ago
Restoration of duty drawback rates on babies garments would increase the competitiveness of the garment exporting units, said Raja M Shanmugham, President,Tirupur Exporters Association. Hailing the move, he said the duty drawback rate has been restored to 7.6 ...Business Line, 1 month ago
Reports from Ludhiana, Coimbatore, Moradabad, Tirupur, Indore, Surat, Delhi, Mumbai, Kolkata, Chennai and Hyderabad, suggest the impact of demonetisation is worsening.Arup Roychoudhury, T E Narasimhan, Sharath Chowdary and Ishita Ayan Dutt/Business Standard report. MUMBAI: A month after demonetisation, people wait outside an ATM in Mumbai. Photograph: Satish Bodas/Rediff.com A month after Prime Minister Narendra Modi announced nearly 86% of India's cash in circulation by value would lose their ...Rediff.com, 2 months ago
Business Standard checks out trade hubs across the country to assess the impact of demonetisation. In the first of a six-part series, T E Narasimhan takes a look at Tirupur. Sixty-two-year-old Gajalakshmi has been waiting all day for buyers in a shop at Banian Bazar in Khaderpet market next to the railway station in the country’s knitwear capital Tirupur. She used to do business worth Rs 6,000-10,000 a day. But ever since the Narendra Modi government took the decision to ban old Rs 500 ...Rediff.com, 2 months ago How note ban hits trade: Indore's Sarafa Bazar loses shine Rediff.com, 2 months ago
IMAGE: Inside a power loom in Bhiwandi. About 70 percent of the 1.2 million power looms here have had to down their shutters post demonetization and if things continue as they are, the rest will close down soon. Photograph: Danish Siddiqui/Reuters. Cottage industries across India have suffered heavily because of the note ban. In the second of a six-part series, Sanjay Jog travels to Bhiwandi to examine how the power loom industry here is coping five weeks on. Till November 8, power ...Rediff.com, 2 months ago
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