Crisil, industry cross swords over 16% excise duty on readymade
FM in the 2001-02 budget proposal, from the now-dereserved textiles and garments industry has not just raised a furore in this highly unorganised sector, but also has divided the players in the industry which itself is divided between thousands of units in the SSI sector and a handful of players in the organised sector.

Garment manufacturers begin indefinite strike
Garment Manufacturers and Wholesalers in Delhi and Mumbai began an indefinite strike on Saturday against the government's decision to impose a 16% excise duty on branded garments.

Govt urged to clear Convergence Bill for F&A sector
The convener of the proposed CEIL Kailash Gupta has demanded the immediate clearance of the convergence bill for the F&A sector in Lok Sabha or promulgation of an ordinance for allowing spot and future contracts in various commodities.


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