The GST Council decided to defer the increase in the rate for textiles to 12% from 5%. It has referred the matter to a panel of Ministers, to review Rate Rationalisation.
India Ratings and Research (Ind-Ra) has projected the real gross domestic product (GDP) growth rate of the Indian economy to grow at 7.6 per cent year-on-year in 2022-23 (FY23).
Ministry of Textiles has extended the timeline for submission of applications under the PLI Scheme for Textiles till February 14, 2022. Earlier this deadline was 31st January 2022. Total financial outlay- Rs 10,683 crore.
EXAMIANS