The Hyderabad Jewellery, Pearl and Gem Fair (HJF), organized between 7th & 9th June, 2013 by UBM India ended with a satisfactory success note as expected. As we had mentioned two weeks back here that the prices of the gold in June still ...
Dr. A Sakthivel, Chairman AEPC, on behalf of the entire Textiles Industry has complimented Shri Anand Sharma for bringing in the favorable Foreign Trade Policy and timely interventions that lead to this turn around in the exports of RMG and ...
Tags: AEPC Chairman, Trade Policy
Dr. A Sakthivel welcomed the move by RBI to lower the repo rates by 25 BSP. He said, On behalf of the entire Textiles Industry I welcome move by RBI to lower the repo cut by 25 bsp. These measures will spur the demand and boost the ...
Tags: AEPC Chairman, Repo Rate
Mr M Rafeeque Ahmed, President, FIEO said that the Foreign Trade Policy announcement while maintaining stability of the policy provided improvement in it to add to competitiveness. Extension of Zero Duty EPCG Scheme will help in expansion ...
Tags: Trade Policy, FIEO
The Ukrainian mining and steel producing group Metinvest has announced that it has secured a three-year pre-export facility amounted to a total of $560 million. The facility had reached the $300 million level in the first stage in November ...
Tags: Metinvest, Mineral, Finance Facility
The Government of India has approved Revival, Reform and Restructuring (RRR) Package for Handloom Sector in November 2011, to waive off the overdue loans of primary weavers cooperatives, other weavers organizations and individual weavers ...
Tags: handloom, weavers, Handloom Proposal Package
India’s Gem & Jewellery (G&J) sector witnessed another volatile year with weaker rupee and sluggish global economy adding more agony to its exports which declined by 17.09% in dollar terms and 4.65 per cent in rupee terms in 2012. ...
Dr. A Sakthivel, Chairman AEPC, on behalf of the entire garment and textiles industry has welcomed the RBI third quarter review of monetary policy 2012-13. In his statement Dr Sakthivel said, “The lowering of the policy repo rate ...
Tags: Chairman AEPC, garment and textiles industry, RBI, CRR
RBI Governor Dr. D.Subba Rao released the Third-Quarter Monetary Policy 2012-2013 announcing the RBI decision to reduce the Repo Rate (Short-term lending to banks) by 25 basis points from 8.00% to 7.75% and also Cash Reserve Ratio (CRR) ...
Tags: TEA, RBI, Tirupur knitwear
India Ratings’ outlook for cotton textiles remains negative to stable for 2013 on account of subdued demand, although margins are expected to benefit from softening raw material prices. The outlook for synthetic textiles remains ...
Tags: cotton textile, cotton, textiles, cotton prices
In a desperate move to restrict imports of gold, the Indian Government and Reserve Bank of India (RBI) are planning to further increase import duty on gold from prevailing 4% to 6%. It had quadrupled the gold import duty from 1% to 4% last ...
Tags: Government, India, Jewellery Industry
The Reserve Bank of India (RBI) has issued a notification for extending the 2% Rupee Export Credit Interest Rate Subvention Scheme till March 31, 2014 for nine different sectors, including readymade garments, handlooms, carpet and ...
Cat was finally out of the bag on the 3rd day in New Year. Even though not coming as a surprise the muddled pattern gave indication of inherent diffidence. As reported earlier by us on January 1st, it is learnt that HRC price is hike by ...
Tags: HRC price, India, steel mills, steel price
PTI cited Mr SK Goel CMD of IIFCL as saying that India Infrastructure Finance Company Limited has negotiated a second line of credit of USD 1.2 billion from Asian Development Bank for spending in various sectors. Mr Geol said that"We have ...
Tags: IIFCL, government, USD, credit line
PTI cited the UK based bank RBS as saying that the Indian economy is likely to grow at 6.3% next year largely due to favorable base effect, while inflation is expected to drop to a comfortable 5.4% level in FY14. RBS Research said that ...
Tags: Indian economy, avorable base effect, inflation, RBS Research