The Bureau of Economic Analysis estimates that the US economy grew at a 2.3 per cent annual rate in the second quarter.
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Crude oil futures fell to multi-month lows on both sides of the Atlantic in early August, while global oil demand growth is expected to increase by 90,000 bbl/day over previous estimates, the Organisation of Petroleum Exporting countries (OPEC) said recently.
Cotton spinning mills in northern India are planning to shut down one day a week. According to Chandigarh-based Northern India Textile Mills´ Association (NITMA)
The predominantly cotton based textile industry has been producing almost 75 per cent of the spun yarn from cotton and therefore, this industry has been subjected to crisis due to volatility in the prices.
TUF scheme of the Ministry of Textiles, Government of India can be cited as one of the best examples to demonstrate the influence of government fiscal policy and focused financial assistance
Despite having production capacity, India lost production opportunity of 5,00,000 tonne in volume and Rs 5,000 crore in value.
At a recent 5th edition of Entrepreneur India Awards 2015 held in New Delhi, Mustang Socks & Accessories was honoured with the ‘Entrepreneur of the Year in Manufacturing Business-Exports’ received by Lubeina Shahpurwala, Co-Founder &Director.