Textile Sector

Banking sector stares at additional Rs 40,000 cr accretion due to Axis Bank NPAs

Axis Bank had to reclassify 9 standard accounts into NPAs. Of these, 8 accounts are part of consortium lending, according to the latest quarterly results announced by the bank.

GST stocktaking-II: Textile sector wary of new tax regime, but all concerns are not valid

Most of the trade in this sector is done in cash. Traders and manufacturers are reluctant about moving their trade to non-cash means.

Textile ministry pushes for FTA with EU to boost international trade, says official

While Bangladesh enjoys preferential treatment and tax benefits for textile exports, India has greater competitive advantage in terms of environmental compliances.

Indian firms are not creating enough jobs and reason is restrictive labour laws

The reason for the reluctance of Indian businesses to invest in sectors that are labour intensive is the restrictive labour laws