Government on Monday came out with fresh guidelines to disburse Rs 1,972 crore (Rs 19.72 billion) during the period April 28, 2011 and March 31, 2012, to the textile industry under Technology Upgradation Fund Scheme (TUFS).
The Asus TUF FX 504 is durable and a performer, but lacks certain essentials, says Rahul Saha
The cash-starved Indian textile industry is of the view that the Technology Upgradation Fund Scheme, or Tufs, flagship scheme of the textiles ministry, has lost its shine, as economic slowdown has put modernisation and expansion plans of companies on hold. The industry says there are more basic problems that the government needs to address.
In order to modernise the Indian textile industry, the finance minister has increased the allocation to the Technology Upgradation Fund Scheme (TUFS) by 188 per cent to Rs 3,140 crore (Rs 31.40 billion) for 2009-10 as against Rs 1,090 crore (Rs 10.90 billion) for the corresponding period last year.
Withdraw mandatory excise duty of 10 per cent on branded garments and made ups while continuing optional routes for all segments in the textile and clothing sector.
Yeh Meri Family is rescued by the actors. All of them have delivered on the warmth and crankiness of a close-knit family without putting on any hum saath saath hain fakery, observes Deepa Gahlot.
Cut in TUFS scheme allocation is a major negative while extension of interest subvention for another year is positive; one time grant for TN govt, skill development initiative augurs well.
Former England captain Nasser Hussain retired today saying his one big regret is his failure to win the Ashes.
Rs 1,400 crore provided in the stimulus package was due under TUFS anyway.
For Q4CY20, PC shipments grew by 27 per cent year-on-year, said data from the IDC.
'The package will help in realising the true potential of employment generation in the textile and apparel sector.'
Tax incentives to have cascading effect on the capital goods industry.
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