The Department of Industrial Policy and Promotions (DIPP) has suggested that purchases from Chinese e-commerce sites marked as “gifts” should be regulated as it believes this has a harmful effect on local manufacturing.
Australia on Tuesday trimmed its forecast for wool production by nearly 5 percent as dry weather across the world’s largest producer of the fibre squeezes production to at least a 21-year low - the worst on record.
The Cotton Association of India (CAI) has estimated cotton crop for 2018-19 season beginning October 1, 2018, at 340.25 lakh bales of 170 kg each, which is lower by 3 lakh bales than its previous estimate.
The National Anti Profiteering Authority (NAA) found a Johnson & Johnson distributor guilty of not passing on Goods and Services Tax (GST) rate cuts to the consumer, setting a precedent for future cases.
Under the free trade agreement between India and the Association of South East Asian Nations, most cotton, woven cotton fabric and knitted fabric imported from India will enjoy tax exemption from January 1.