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Bangla to revive 13 mills under PPP
The Bangladesh government has decided to restart 13 textiles mills that were shutdown 25 years ago due to huge losses and run them under a public-private partnership (PP) initiative, according to an official of the Ministry of Textiles and Jute.
Jute mills decry bag pricing formulae
The Indian Jute Mills Association (IJMA) is concerned over the proposed new pricing formulae of jute bags adopted by the Tariff Commission 2017 that will bring down prices of the bags supplied to the Government by minimum 10 per cent. The Association feels if the pricing is implemented from September, several mills will turn ‘unviable’ and shut down.
GST: FAQs for textile industry
Raw jute has been kept at NIL rate of GST i.e. there would be no tax on raw jute. Jute mills are not required to pay tax under Reverse Charge Mechanism (RCM) as mentioned under section 9(4) of the CGST Act, 2017.
Bangla Govt takes back 8 jute mills
The Bangladesh government has taken eight jute and textile mills back from the private sector as they violated major conditions that were set when the State-owned mills were handed over. For a long time, the authorities had kept these enterprises closed after taking them over from the government, according to the jute and textile ministry of the country.
Sasmira backs ‘No Naked Child’ concept
The Sasmira Alumni Foundation (SAF) is backing the ‘No Naked Child’ concept, which is an unique initiative that aims to provide clothing to under privileged children across the country with the help of several partners supporting the cause.
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