PNB fraud: Nirav Modi, Mehul Choksi put jewellery sector’s growth at stake

The alleged fraud at state-owned Punjab National Bank (PNB), involving diamond traders Nirav Modi and Mehul Choksi, has taken a new twist as the amount rose to Rs 12,700 crore from previous Rs 11,400 crore, putting the health of gems and jewellery sector’s growth at stake. PNB alleged that one of its former employees provided … Read more PNB fraud: Nirav Modi, Mehul Choksi put jewellery sector’s growth at stake

Budget to have sops for textile, gems and jewellery sectors

NEW DELHI: Taking a cue from the Gujarat elections, the finance ministry is planning to dole our special package for the textile and gems & jewellery sectors in the upcoming Budget. Despite badly hit by the GST, people in the state decided to vote for the economic agenda of the Bharatiya Janata Party government. ‚ÄúThere … Read more Budget to have sops for textile, gems and jewellery sectors

Apparel, leather sectors need policy shift to boost jobs

The Centre needs to focus on apparel, leather and footwear sectors to boost formal and productive job creation in the economy, according to the Economic Survey. The Survey has recommended that labour and taxation reforms along with Free Trade Agreements (FTA) with the European Union and the U.K. were key to make apparel and leather … Read more Apparel, leather sectors need policy shift to boost jobs

Labour, tax reforms to boost apparel, leather sectors: Survey

Labour and tax policy reforms are needed for apparel and leather sectors as they have immense opportunities for job creation, especially for weaker sections and women, and can become vehicles for broader social transformation in the country, the Economic Survey said today. The Survey pitched for a free trade agreement with EU and the UK, … Read more Labour, tax reforms to boost apparel, leather sectors: Survey