Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    Every ₹1 invested under Kisan Credit Card– Modified Interest Subvention Scheme (KCC-MISS) contributes ₹2.30 to net value addition in the...
    India achieves near-universal banking coverage, with 99.92% of inhabited villages now served by a banking outlet
    Rupee rises for 6th day, gains 12 paise to 95.31 against US dollar as crude drops
    ACE Software Posts Earnings Turnaround; Standalone Profit Before Tax Up 43% YoY
    Rajya Sabha passes bill to tackle payment delays faced by MSMEs amid Opposition protests
    MPC's 3-day meeting begins amid expectations of status quo on interest rates
    Trane Technologies Reports Strong Second Quarter Results; Raises Full-Year Revenue and EPS Guidance
    CBN dismantles inter-state counterfeit drug network in Bihar under Operation Vajra; mastermind arrested
    DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested
    Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and deve...
    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Rupee rises 31 paise to 95.12 against US dollar in early trade
    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    India-China trade through Shipli La resumes after six years
    Odisha's export can reach USD 50 billion by FY 2029-30: Study
    Andhra records 21 per cent growth in net GST collections till July
    J&K crime branch chargesheets accused in separate bank, insurance fraud cases
    MCD-facilitated PM Vishwakarma Scheme enrols over 41,000 artisans in Delhi
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
August 3, 2026
Show AI Summary
Concessional agricultural credit supports working capital, crop diversification, allied activities, and digital expansion under the Kisan Credit Card scheme.
The Kisan Credit Card-Modified Interest Subvention Scheme provides concessional institutional credit to reduce farmers' interest burdens and improve timely working-capital access. The scheme is reported to support cropping intensity, multi-season cultivation, diversified crop portfolios, timely input use, and credit discipline through the Prompt Repayment Incentive. It also supports dairy, livestock, and fisheries-based income diversification. Credit-delivery measures include collateral-free lending, digital platforms, simplified applications, coverage expansion, and awareness campaigns. State-wise data tracks operative accounts, outstanding credit, and non-performing Kisan Credit Card accounts.
August 3, 2026
Show AI Summary
Banking inclusion expands rural access while digital credit systems and payment security controls address service delivery and cyber fraud.
Banking inclusion is pursued by providing banking outlets within a five-kilometre radius of inhabited villages, with branch expansion permitted subject to rural-coverage requirements and continuing assessment of uncovered areas. Agricultural credit delivery uses digital loan, beneficiary-verification, processing and claim-settlement systems. Digital payment security measures require minimum controls for payment channels and include fraud-intelligence sharing, artificial-intelligence-based identification of money-mule activity, digital lending-app analysis, cyber-incident reporting, public awareness campaigns and electronic-banking training.
August 3, 2026
Show AI Summary
Foreign exchange market movement strengthened the rupee as lower crude prices, investment inflows and improved risk sentiment provided support.
Foreign exchange market movement saw the rupee strengthen for a sixth consecutive trading session against the US dollar, supported by declining global crude oil prices, a softer dollar, foreign institutional investment inflows and gains in domestic equity markets. Improved global risk sentiment followed the decision to defer planned US military strikes against Iran and allow diplomatic engagement. Renewed geopolitical tensions were identified as a factor that could limit further appreciation.
August 3, 2026
Show AI Summary
Quarterly financial performance reflects revenue growth, improved standalone profitability, and continued investment in AI-led digital technology platforms.
Quarterly financial performance reported revenue growth in standalone and consolidated operations, higher standalone profit before tax, and a return to consolidated profitability. The company continues to invest in an AI-led, intellectual-property-driven digital technology strategy through enterprise software, SaaS platforms, digital commerce, cloud, data and AI solutions. Its priorities include scalable platforms, proprietary technology assets, recurring-revenue offerings, partnerships and selective acquisitions. Complete financial results, notes to accounts and regulatory disclosures are available through exchange filings and the company website.
August 3, 2026
Show AI Summary
MSME delayed-payment reforms strengthen award recovery, faster dispute adjudication, invoice discounting, and interim supplier payment protection.
MSME delayed-payment reforms seek faster adjudication, strengthened recovery and improved liquidity for enterprise suppliers. Courts may direct payment of at least half of an awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and recognised as legally enforceable debts under the insolvency framework. The measures also provide graded penalties, voluntary digital registration, invoice settlement through the Trade Receivables Discounting System, and additional Facilitation Councils.
August 3, 2026
Show AI Summary
Monetary policy rate setting remains cautious as inflation, liquidity, growth and global uncertainty shape the policy stance.
Monetary policy rate setting is expected to remain cautious amid global uncertainty, rising inflation risks and steady domestic growth. The inflation outlook is affected by energy-price pass-through, higher input costs, and seasonal and monsoon-related food-price pressures. Policy decisions are expected to remain data-dependent, guided primarily by domestic inflation, liquidity conditions and economic growth. A cautious or neutral stance is identified as preferable while external risks and inflation developments persist.
August 3, 2026
Show AI Summary
Forward-looking financial disclosure raises revenue and earnings guidance while describing non-GAAP measures, capital allocation, and material business risks.
Financial performance reporting identifies increased bookings, revenue growth, continuing earnings, and backlog, with segment-level operating and margin measures. The release addresses cash flow, capital allocation through dividends, acquisitions and share repurchases, and increased full-year revenue and earnings guidance. Forward-looking statements concerning financial performance, operations, demand, liquidity and capital deployment are subject to identified risks and uncertainties. Non-GAAP measures are presented as supplemental to GAAP measures, with definitions and reconciliations stated to be available in accompanying materials.
August 3, 2026
Show AI Summary
Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
August 3, 2026
Show AI Summary
Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
August 3, 2026
Show AI Summary
Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
August 3, 2026
Show AI Summary
Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
August 3, 2026
Show AI Summary
Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
August 2, 2026
Show AI Summary
Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
August 2, 2026
Show AI Summary
Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
August 1, 2026
Show AI Summary
GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
August 1, 2026
Show AI Summary
Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
August 1, 2026
Show AI Summary
Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.
August 1, 2026
Show AI Summary
GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
August 1, 2026
Show AI Summary
Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds.
Economic-offences chargesheets were filed in separate alleged bank and insurance fraud matters. The bank investigation alleged fictitious loan sanctions and overdrafts beyond delegated authority, involving cheating, forgery, use of forged documents and criminal conspiracy. The insurance investigation alleged that duplicate policy records and forged surrender documents were used to open a fraudulent account in a policyholder's name and divert policy proceeds. Records, witness statements, documentary evidence and forensic examination were cited in support of the allegations.
August 1, 2026
Show AI Summary
PM Vishwakarma Scheme implementation expands artisan enrolment, skills, credit, e-commerce access and export facilitation while addressing documentation barriers.
PM Vishwakarma Scheme implementation in Delhi facilitated artisan enrolment, application processing, skill training, toolkit distribution, loan access, e-commerce onboarding and export-related support. Awareness workshops and tele-calling campaigns were used to promote participation and follow up on benefits. Key implementation challenges concerned outreach to informal clusters, digital literacy, delays in Aadhaar and IEC documentation, and additional support for Divyang artisans. Planned action includes expanding workshops, scaling e-commerce onboarding, strengthening export facilitation and coordination with implementing agencies.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters
Customs, DGFT & SEZ

Production of Textile Products

May 14, 2012

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Press Information Bureau

Government of India

Ministry of Textiles

14-May-2012 15:34 IST

India produced 54966 million Square meters, 60333 million Square meters and 62,559 million Square meters of cloth in 2008-09, 2009-10 and 2010-11 respectively. State-wise and year-wise details of production of Man-made fibre, spun yarn and filament yarn are at Annexure-I, II and III respectively.

(b) & (c): India is the second largest producer of cotton and cotton yarn, fourth largest producer of synthetic fibre yarn, seventh producer of raw wool and largest producer of Jute in the work.

The National Textile Policy of 2000 continues to be in place.

Cotton and cotton yarn markets have witnessed price stability in 2010-11.

The details of textile exports are at Annexure-IV.

The rate of excise duty on synthetic fibers has been raised from 10% to 12% in the Union Budget 2012-13. Government has received post budget representations from FICCI and others to reduce the excise duty on man made fibers and introduce optional excise duty of 6% to all textile products aimed at fibre neutral policy. Government did not make any changes in Finance Bill proposals for 2012-13.

Annexure – I

STATE-WISE PRODUCTION OF MAN-MADE FIBRE

     

(Million Kg.)

State

2009-10

2010-11

2011-12 (P)

ASSAM

-

-

-

GUJARAT

582.62

591.25

600.75

KARNATAKA

51.58

51.10

51.41

KERALA

-

-

-

MADHYA PRADESH

134.04

132.20

142.46

MAHARASHTRA

278.78

281.06

229.63

ORISSA

15.79

15.79

15.79

PUNJAB

110.68

116.70

117.33

RAJASTHAN

-

-

-

COIBATORE

-

-

-

TAMILNADU

27.00

25.76

11.70

UTTAR PRADESH

65.82

69.04

62.81

WEST BENGAL

-

-

-

DADRA & NAGAR HAVELI

1.73

1.73

1.73

Total

1,268.04

1,284.62

1,233.61

       

Annexure - II

Production of Spun Yarn during 2009-10, 2010-11 and 2011-12

(In kg.)

Sr.No.

State Name

2009-2010

2010-2011

2011-2012

1

Andhra Pradesh

23,35,60,810

29,26,01,334

34,17,89,907

2

Gujarat

19,74,68,386

20,92,14,760

19,72,83,281

3

Haryana

10,75,61,229

14,39,83,487

17,20,02,572

4

Jammu & Kashmir

4,54,48,312

4,52,73,193

4,44,78,434

5

Karnataka

6,23,66,719

4,75,06,797

4,00,34,610

6

Kerala

3,62,56,843

3,83,59,762

3,34,84,394

7

Madhya Pradesh

25,99,10,935

29,27,07,953

29,37,07,628

8

Maharashtra

36,62,78,428

39,48,75,903

36,58,97,626

9

Orissa

13,28,832

16,65,439

15,43,248

10

Punjab

58,95,16,100

65,10,65,295

65,11,13,844

11

Rajasthan

31,89,96,961

36,10,06,330

37,42,98,575

12

Tamil Nadu

1,59,53,93,259

1,81,75,12,299

1,48,27,97,418

13

Uttar Pradesh

6,99,05,865

7,33,04,736

5,85,41,441

14

West Bengal

2,89,00,422

3,72,65,480

2,72,72,020

15

Delhi

71,280

47,520

0

16

Pondicherry

81,95,236

74,43,192

61,24,853

17

Goa

4,78,707

3,09,827

1,32,480

18

Himachal Pradesh

14,65,08,655

14,66,73,977

11,87,63,442

19

Daman & Diu

29,48,126

27,34,432

21,86,849

20

Dadra Nagar Haveli

8,07,40,336

9,39,63,199

9,08,70,939

21

Uttaranchal

4,05,38,764

5,41,88,221

5,57,27,513

22

Jharkhand

10,76,531

9,25,313

7,68,924

T O T A L

4,19,34,50,736

4,71,26,28,449

4,35,88,19,998

 Annexure– III

State-wise production of Filament Yarn

(Mn.kg.)

State

2009-10

2010-11

2011-12

ANDHRA PRADESH

33.18

2.92

2.92

ASSAM

-

-

-

GUJARAT

677.67

732.49

683.42

HARYANA

-

-

-

KERALA

-

-

-

MADHYA PRADESH

-

-

-

MAHARASHTRA

491.41

490.22

464.36

ORISSA

-

-

-

PUNJAB

22.88

22.66

18.90

RAJASTHAN

1.35

-

-

TAMILNADU

-

-

-

KANPUR

-

-

-

UTTAR PRADESH

56.33

57.17

50.84

WEST BENGAL

7.75

7.50

7.31

DADRA & NAGAR HAVELI

232.14

236.84

234.83

Total

1,522.72

1,549.79

1,462.57

       

Annexure – IV 

India Export Statistics

Commodity: Textile & Clothing, Ch50 to 63

Annual Series: 2008 - 2010, Year To Date: 07/2010 & 07/2011

Millions United States Dollars

Partner Country

 

Year To Date

2008

2009

2010

07/2010

07/2011

%Change

World

23064

21787

27188

15155

18259

20.48

United States

4700

4226

4946

2909

3392

16.6

China

880

868

2325

834

690

-17.31

United Arab Emirates

1667

1625

1798

1047

1233

17.83

United Kingdom

1695

1708

1667

975

1288

32.08

Germany

1556

1604

1528

909

1243

36.79

Bangladesh

610

500

1105

520

683

31.29

France

936

916

810

517

644

24.42

Italy

880

743

778

459

628

36.75

Turkey

462

399

667

405

431

6.44

Spain

643

676

667

416

532

27.92

Pakistan

453

565

657

417

283

-32.12

Netherlands

554

512

523

310

454

46.76

Brazil

353

288

497

296

325

9.9

Belgium

459

386

474

266

391

46.85

Saudi Arabia

435

429

473

271

292

7.75

Sri Lanka

313

307

397

210

298

41.9

Korea, South

200

211

378

239

196

-17.97

Hong Kong

186

218

369

171

172

0.79

Canada

388

358

347

207

263

27.27

Egypt

293

192

338

180

234

29.92

Denmark

275

279

281

172

247

43.1

Malaysia

150

136

279

115

142

24.08

Japan

279

240

261

162

258

59.15

Vietnam

113

102

238

115

99

-14.11

Portugal

164

135

229

132

150

14.04

Indonesia

194

112

228

131

102

-21.78

Afghanistan

152

252

206

106

165

56.02

Australia

179

184

205

106

152

43.24

South Africa

148

169

199

105

136

28.84

Singapore

121

142

192

108

109

0.88

Sweden

176

168

189

117

149

27.91

Iran

99

102

174

95

164

73.24

Mexico

137

110

159

88

125

41.52

Taiwan

92

58

133

63

44

-29.75

Poland

99

90

128

73

119

62.33

Peru

107

75

124

68

99

45.52

Colombia

69

66

115

69

94

36.37

Tanzania

114

100

112

61

59

-2.38

Thailand

99

77

110

72

64

-10.6

Israel

89

77

101

61

60

-1.75

Kenya

78

77

100

58

50

-13.81

This information was given by the Minister of State for Textiles, Smt. Panabaaka Lakshmi  in a written reply in the Lok Sabha today.

DS/GK

Topics

Acts Income Tax