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16-Jan-2019  India''s merchandise exports rise 0.3% in December 2018    
Trade deficit narrows to 10-month low of US$ 13.08 billion in December 2018 India''s merchandise exports rose 0.3% to US$ 27.93 billion in December 2018 over a year ago. Meanwhile, merchandise imports declined 2.4% to US$ 41.01 billion, leading to 7.9% dip in the trade deficit to 10-month low of US Read More  

16-Jan-2019  Cotton yarn realisation to touch 20% this fiscal: ICRA    
After hitting a multi-year low last fiscal, cotton yarn spinning companies’ profit margins have improved in the December quarter due to revival in export and rupee depreciation. However, sustainability of profit is already threatened by rising cotton prices and competitive pressure from Vietnam and Read More  

16-Jan-2019  Cotton spinners record healthy recovery in profits as export demand surges    
The surge in export demand for cotton yarn during the initial few months of the current financial year has helped the domestic spinners record a healthy recovery from the multi-year low profitability reported during FY2018 amid multiple headwinds, according to an Icra report released on Monday. Read More  

16-Jan-2019  Strong case to revisit ‘restrictive’ FDI retail policy: ICRA    
Organised and unorganised retail can co-exist, says report. Domestic ratings agency Icra has said there is a “compelling case” to revisit the “restrictive” retail foreign direct investment (FDI) policy as India has not been able to get sizeable investments despite opportunities. Read More  

16-Jan-2019  India among world’s leading exporters of creative goods    
India’s creative goods exports nearly tripled from $7.4 billion in 2005 to $20.2 billion in 2014 India’s creative goods exports nearly tripled from $7.4 billion in 2005 to $20.2 billion in 2014, making it one of the world’s leading exporters of such products in the top 10 developing economies, acco Read More  

16-Jan-2019  E-way bill to be integrated with NHAI’s FASTag to track GST evasion from April    
The GST e-way bill system is likely to be integrated with NHAI’s FASTag mechanism from April to help track movement of goods and check GST evasion. The revenue department has set up an officers’ committee to integrate the eway bill, FASTag and DMIC’s Logistics Data Bank (LDB) services, after consul Read More  

16-Jan-2019  India''s WPI inflation for apparel up 0.2% in December    
India’s annual rate of inflation, based on monthly wholesale price index (WPI), eased to eight-month low of 3.80 per cent for the month of December 2018. The index for apparel increased by 0.2 per cent to 138.4 in December, according to the provisional data released by the Office of the Economic Ad Read More  

16-Jan-2019  Cotton market maintains uncertain outlook    
The cotton market remained devoid of much activity on Tuesday after the government allowed duty-free imports of cotton. However, spinners and exporters adopted a cautious approach amid an uncertain outlook. Read More  

16-Jan-2019  ECC allows duty-free cotton imports    
The government on Tuesday ordered immediate clearance of about Rs36 billion refund claims of exporters and allowed tax and duty-free import of cotton in addition to mandating the payment of duties and taxes on import of vehicles in foreign exchange. Read More  

15-Jan-2019  After GST blow, Gujarat textile units get jitters over incentive scheme    
While the Gujarat government may have announced an incentive scheme to attract new investment in the textile value chain, existing units in the state fear that the same could affect their operations. Read More  

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