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Reserve Bank of India
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RBI Governor Rules out Financial Crisis
Aug 28, 2015Despite the recent stock market crashes around the world on the heels of China devaluing the yuan, Reserve Bank of India Governor Raghuram Rajan has said he doesn't believe that there's a financial crisis looming. "Based on what I've seen ...
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Tirupur Exporters' Association Welcomed RBI to Reduce The Policy Repo Rate by 25 Basis
Mar 5, 2015Tirupur Exporters’ Association has welcomed today’s decision of the Reserve Bank of India (RBI) to reduce the Policy Repo Rate by 25 basis points (bps) from 7.75 per cent to 7.50 per cent, and urged banks to pass on the benefit ...
Tags: Repo Rate
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RBI Reduced The Policy Repo Rate Under The Liquidity Adjustment Facility
Jan 16, 2015The Reserve Bank of India (RBI), the country’s central bank, has reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect. Consequently, ...
Tags: liquidity adjustment facility, banking system, Textile
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Banswara Syntex Saw Its Bottom-Line Growing Over Two-Fold in The Quarter
Jan 17, 2014Despite tough economic environment and rising input costs, the Rajasthan-based Banswara Syntex saw its bottom-line growing over two-fold in the quarter ended September 2013, helped by turnaround in exports in line with the rupee ...
Tags: Banswara, Lycra, RBI, readymade garments
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India Earned Nearly US$ 15 Billion Through Exports of Textiles and Apparel in H1 2013-14
Jan 2, 2014India earned nearly US$ 15 billion through exports of textiles and apparel in the first six months of the current financial year 2013-14, according to the latest data released by the Reserve Bank of India (RBI). According to the ...
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Indian Garment Exports Has Increased by 11 Percent Over The Same Period of Previous FY
Aug 6, 2013Dr. A Sakthivel, Chairman AEPC, releasing the data on the apparel exports for the month of June stated that, “Apparel exports were to the tune of US D 1240 million in June 2013-14 with increase of 12.13 per cent against the ...
Tags: Indian Garment
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Chairman AEPC Demand of Garment Exports to Give Separate Chapter for Interest Rates
Aug 5, 2013Dr A Sakthivel, Chairman AEPC has written to Union Finance Minister, Shri P Chidambaram, on the demand of Garment Exports to give separate chapter for interest rates in export sector. In his letter Chairman AEPC wrote, “Reserve Bank ...
Tags: Export Sector, AEPC
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Entire Jewellery Industry of India Is Upset with Curbing Import of Gold to Contain CAD
Jun 27, 2013Entire jewellery industry of India is highly upset with the government's recent measures to curb import of gold to contain the Current Account Deficit (CAD) as it (the industry) has already started feeling the impact of condensed supply of ...
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Hyderabad Jewellery Organized by UBM Ended with a Satisfactory Success Note as Expected
Jun 13, 2013The 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 ...
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March 2013, Reduced The Repo Rate From 7.75% to 7.5% with Immediate Effect
Mar 21, 2013Reserve Bank of India while announcing the Mid – Quarter Monetary Policy: March 2013, reduced the Repo Rate from 7.75% to 7.5% with immediate effect. In a reaction to the policy, Dr A Sakthivel, president said though he welcomed the ...
Tags: Garment exports sector, Garment exports, Garment sector
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India Plans to Add Additional Employment to The Tune of 15.81 Million
Mar 20, 2013The 11th Five Year Plan growth targets for textiles sector were (a) cloth production to grow at the rate of 12 percent in volume terms; (b) clothing and apparel to grow at the rate of 16 percent in volume terms and 21 percent in value ...
Tags: fabric output, fabric, textiles sector
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More Than 100 Cotton/Man-Made Fibre Textile Mills Have Closed Since 2009-10 in India
Mar 1, 2013More than 100 cotton/man-made fibre textile mills have closed since 2009-10 in India, as per the data available with Textiles Commissioner. This was stated by Minister of Textiles, Mr. Anand Sharma, in a written reply in the Rajya Sabha, ...
Tags: India, Textile Mills, 2010
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GJEPC Published Figures Showing Overall G&J Exports Fell to $38.3 Billion in 2012
Feb 10, 2013India’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. ...
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Around 88% of India Ratings-Rated Cotton Textile Companies Have a Stable Outlook
Jan 28, 2013India 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
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Is Indian Government 'Killing' The Country's Jewellery Industry by Its Misguided Policies
Jan 17, 2013In 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