The Centre will revise the base year for calculating the consumer price index (CPI) for agricultural and rural labourers next year — a move that will have an impact on the wages of Mahatma Gandhi National Rural Employment Guarantee scheme (MNREGS) workers.
The Labour and Employment Ministry on Thursday revised the base year of the Consumer Price Index for Industrial Workers (CPI-IW) from 2001 to 2016 to reflect the changing consumption pattern, giving more weightage to spending on health, education, recreation and other miscellaneous expenses, while reducing the weight of food and beverages.
In a bid to integrate export ecosystem with the wider domestic economy, the government may allow manufacturers who make goods for domestic supplies to operate within the special economic zones (SEZs), official sources said.
To compete in the fast-growing, man-made fibre market globally, raw material cost for textile manufacturers in India should come down.
Students of NIFT-TEA College of Knitwear Fashion in Tiruppur recently created an artwork in the style of Maharashtrian Warli art as a tribute to the cotton knitwear industry of the district.
The Uttar Pradesh government has earmarked more than 77 acres for the proposed Noida Apparel Export Cluster, aiming to get private investment worth Rs 900 crore in the infrastructure project.