Rashmi Verma

"There is a huge scope for promoting Indian handloom and handicraft products in the niche markets world over," Textiles Secretary Rashmi Verma said at an Assocham event.

Textiles ministry pushing for FTA with EU: Official

Textiles Secretary Rashmi Verma said her Ministry "is in constant touch with the Ministry of Commerce to pursue an FTA with EU to boost international trade especially in the textile sector".

'Package for home textiles in forthcoming Textile Policy'

Textile Secretary Rashmi Verma also said the policy contains a package to boost job creation and promotion of made-ups for the home textile sector, on the lines of the one which was extended to the apparel industry.

Textiles, apparel exports likely to touch $ 50 bn in FY17

The Union Cabinet last week approved a Rs 6,000-crore package for the sector with an aim to create one crore new jobs in three years and attract investments of USD 11 billion while eyeing additional USD 30 billion in exports.

Textile policy, GST, good monsoon to boost sentiment: Arvind

All the retail formats (Aeropostale, Sephora, GAP etc) are going as per plans. At the store level, profitability is good, like-to-like growth is healthy too, said Sanjay Lalbhai, CMD, Arvind.

Govt expects Rs 30,000 crore investment in 74 textile parks

"This is a good time for textile. We are planning to launch the new textile policy by April. We are mainly focusing on manufacturing of value-added products and export-oriented goods that will benefit the economy," Minister of State for Textile Santosh Gangwar told reporters at 'Make in India' Week here today.

Hope to roll out GST soon: Finance Ministry

Besides the Constitution Amendment Bill, the Centre and state will have to pass their own GST legislation, the model for which is being finalised by the Centre. GST, which is being touted as the most comprehensive indirect taxation reform since the Independence, will subsume various indirect taxes including excise, octroi and service tax.

GST draft model law to be finalised in a month

Once the Constitution amendment bill to roll out GST is passed by Parliament, the centre and states will have to adopt their own law to give effect to the new indirect tax regime.

Support for lower GST rate gaining traction

The proposed goods and services tax, or GST, will top the order of business at what is expected to be a rowdy winter session of parliament starting on Thursday.

GST to be game changer; model code likely by Nov: Official

The senior revenue official said that the rolling out of the GST is going to have a huge positive impact for all the industry including M&E as it will subsume the multiplicity of taxes as well as the cascading of the taxes.

'Centre offering GST compensation for 3 years to states'

Rashmi Verma, additional secretary, revenue, says certain decisions have been taken on the mechanics of GST - including rates and structure of GST, place of supply rules. She adds that the basic issue worrying the states is fiscal autonomy.