New Delhi, Sunday, 22nd July 2018: The GST Council on Saturday held its 28th Meeting at New Delhi and took a number of decisions that will give a major boost to the Indian economy. Mr. Sanjay K. Jain, Chairman, CITI, thanked the GST Council for reducing tax rates on more than…
Month: July 2018
New Delhi, Tuesday, July 17, 2018: Mr. Sanjay Jain, Chairman, CITI welcomes the decision to increase import duty on 76 textile and apparel items at 6 digit level to protect the domestic manufacturers from rising imports. The import duty which was earlier 10% will now be 20% for these items. There…
New Delhi, Wednesday, July 11, 2018: CITI CDRA on June 26th, 2018 started work in Madhya Pradesh. It recently inaugurated initiative for cotton collaboration in the state of Madhya Pradesh, starting from the Ratlam district followed by another inaugural event held on 5th July 2018 at Jhabua district (M.P) for training cotton…
New Delhi, Friday, June 29, 2018: Mr. Sanjay Jain, Chairman, CITI stated that the sector which saw a major hit due to demonetization, implementation of GST, rupee appreciation and high domestic cotton prices, is finally showing some signs of recovery. As per RBI Financial Stability Report- June 2018, the stressed advance…
NEW DELHI, THURSDAY, 14th JUNE 2018: CITI has estimated the production of Indian cotton crop for the cotton season 2017-18 at 373 lakh bales (170 kg each) which is estimated to be 8.11% higher from the previous year because of the increase in area under cotton cultivation by almost 13% i.e. from 108.45…
Press-Release-CITI Analysis of Imports and Exports of T&A
Thursday, 05 July 2018, New Delhi: Mr. Sanjay K. Jain, Chairman, CITI, welcomes 28% hike in Minimum Support Price (MSP) of Cotton announced by the Government of India. The Government has taken the decision to ensure farmers get at least 50% profit of their actual cost of production. According to Mr Sanjay Jain, “At one level, the…