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05-May-2021  Small business on cotton market    
The sluggish trend remained continued in the local cotton market on Tuesday. Market sources told that trading volume remained very low because textile sector is not taking interest in buying of cotton amid increasing threats of lock down during the third wave of coronavirus. Read More  

03-May-2021  Europe’s economy shrinks in first quarter as US rolls ahead    
Europe’s economy shrank 0.6 per cent in the first three months of the year as slow vaccine rollouts and extended lockdowns delayed a hoped-for recovery – and underlined how the region is lagging other major economies in rebounding from the coronavirus pandemic. Read More  

03-May-2021  China''s factory activity growth slows in April as supply bottlenecks weigh    
China''s factory activity growth slowed and missed forecasts in April as supply bottlenecks and rising costs weighed on production and overseas demand lost momentum. The country''s official manufacturing purchasing managers'' index (PMI) fell to 51.1 in April from 51.9 in March, data from the natio Read More  

03-May-2021  EU Parliament’s resolution against Pakistan: Exports may be in danger zone in time to come    
The country’s exports to European Union countries may stay in a danger zone in the time to come as the European parliament on Thursday adopted a resolution urging the EU authorities to review GSP plus status as blasphemy cases are on the rise in Pakistan. “Yes, it is a matter of grave concern, but Read More  

03-May-2021  Covid wave to shrink cotton consumption by 8 per cent    
The Government of India’s top cotton crop assessment body has projected cotton consumption to dip by a little more than 8 per cent owing to the latest Covid-19 wave and the subsequent lockdowns in several States. Read More  

03-May-2021  Govt waives late fee for delayed filing of March, April GSTR3B, tax payment    
The government has waived late fee on delayed filing of monthly return GSTR-3B and tax payment for the months of March and April and also cut interest rate for late filers. Taxpayers with a turnover of over Rs 5 crore have been given 15 days extra time to file monthly summary return GSTR-3B and pay Read More  

03-May-2021  Ludhiana’s hosiery, textile industry go on 3-day self-imposed lockdown    
Keeping in view the rising Covid-19 cases, the hosiery and textile industry on Sunday announced that they will be observing a voluntary lockdown from Monday to Wednesday this week and from Saturday to Wednesday next week onwards. Read More  

30-Apr-2021  Moot deliberates potential of textile cooperation between Pakistan, China    
In a bid to promote business alliances and sectoral matchmaking between private enterprises of the textile sector of Pakistan & China, the Prime Minister’s Office, Board of Investment, Pakistan, organized a “CPEC Industrial Cooperation Textile Business to Business (B2B) Webinar” in collaboration wi Read More  

30-Apr-2021  PLI scheme going under utilised, says Niti Aayog vice chairman    
Only three sectors are functioning under the production linked incentive (PLI) scheme of the 13 sectors for which the government has allotted Rs 1.95 lakh crores, Niti Aayog vice chairman Rajiv Kumar has said. He said India required to raise its investment from below 30% of GDP to35- 40% of GDP and Read More  

30-Apr-2021  How far will the second wave dent India’s economic recovery?    
Less than half of the 16 high-frequency indicators considered in Mint’s macro tracker were in red, or below their five-year average trend, in March, the best performance since April 2020 The second wave of covid-19 infections in the country has dealt a much bigger shock to India’s health system tha Read More  

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