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Apparel Export Promotion Council (AEPC) on Wednesday urged the government to remove the 11 per cent import duty on cotton as rising input costs are impacting the textiles industry.
AEPC Chairman A Sakthivel met Commerce and Industry Minister Piyush Goyal, Agriculture Minister Shivraj Singh Chouhan, and Textiles Minister Giriraj Singh, along with a delegation from the apparel industry and submitted representations seeking the duty cut.
They have sought "reduction of import duty on cotton from the existing 11 per cent to 0 per cent", the council said in a statement.
During the discussions, the delegation highlighted challenges being faced by the apparel and textile industry due to high cotton prices and rising input costs, it said.
The industry representatives emphasised that India has recently entered into several free trade agreements, creating significant opportunities for growth in textile and apparel exports.
"However, competing apparel exporting nations are able to access cott

Cotton, forced labour goods, Uyghur

Press Trust of India

Suggested reforms aim to ensure power availability during system stress

power sector, electricity

Business Standard

RBI said the switch operation will help the government spread redemption liabilities and reduce rollover risks by replacing short-term securities with longer-tenor bonds

bonds

Retirement fund body EPFO will soon automate the process for settling final provident fund withdrawal claims, fast-tracking the money transfer to the applicant's bank accounts, a top official said on Wednesday.
The Employees' Provident Fund Organisation (EPFO) has more than seven crore members.
At present, partial or advance withdrawal claims of up to Rs 5 lakh are settled through auto mode, and the deadline for the auto-settlement mode is three days from filing the claim.
Speaking at the ASSOCHAM's National Seminar on New Labour Codes, Central Provident Fund Commissioner, EPFO, Ramesh Krishnamurthi, said, "We are also going to initiate, as far as feasible, auto-settlement for now...which was (available) only for advances. Now we are going in for auto-settlement of final withdrawals."
He further added that the EPFO is going in for auto-settlement and auto-transfer of provident fund accounts in case a member shifts employers.
"You don't have to file a form anymore. We try to ...

EPFO, Employees' Provident Fund Organisation, Provident Fund

Dixon Technologies expects export growth, speciality EMS expansion and the proposed Vivo joint venture to support earnings amid margin pressures and weak demand

Dixon Technologies, phone circuit, phone

We expect to extend an additional Rs 18,000 crore- Rs. 20,000 crore of credit under the scheme. We have already identified eligible accounts, and the rollout will begin within the week, he said

Hardeep Singh Ahluwalia, executive director, Canara Bank

From manufacturing reforms and Bengal's industrial future to Japan ties, wildlife conflict and digital culture, today's commentaries examine India's evolving challenges

Illustration: Ajaya Kumar Mohanty

Iran sent its response to the latest US ceasefire proposal via Pakistani mediators and wants negotiations to focus on permanently ending the war, but President Donald Trump quickly rejected it as "TOTALLY UNACCEPTABLE!" with no details.
Iran seeks to end the war on all fronts, including in Lebanon, where Israel is fighting the Iranian-backed Hezbollah militant group, and to ensure the security of shipping, state TV said.
Washington's latest proposal addressed a deal to end the war, reopen the Strait of Hormuz and roll back Iran's nuclear program.
Trump earlier on social media accused Tehran of "playing games" with the United States for nearly 50 years, adding: "They will be laughing no longer!"
Trump is giving diplomacy "every chance we possibly can before going back to hostilities," the US ambassador to the United Nations, Mike Waltz, told ABC earlier.
Iran's new supreme leader, Mojtaba Khamenei, who has not been seen or heard publicly since the war began, "issued new and decisiv

Donald Trump

US West Texas Intermediate was at $99.85 a barrel, up $4.43, or 4.64 per cent

crude oil, oil

Reuters

Bajaj Group's centenary is less a celebration than a pivot into healthcare, electric mobility and the AI age

(from left) Shekhar Bajaj, Nirav Bajaj, Rajiv Bajaj, Niraj Bajaj and Sanjiv Bajaj unveiling the new logo at the Group’s 100-year | Photo: BS Reporter

(from left) Shekhar Bajaj, Nirav Bajaj, Rajiv Bajaj, Niraj Bajaj and Sanjiv Bajaj unveiling the new logo at the Group's 100-year | Photo: BS Reporter

Nomura says PM Modi's appeal to conserve fuel, avoid gold purchases and cut overseas spending signals rising pressure on India's fiscal and current account deficits amid West Asia war

Modi, Narendra Modi

Rail minister Ashwini Vaishnaw said seven new high speed rail corridors worth ₹16 trillion will sharply cut travel times and boost domestic manufacturing and construction

Ashwini Vaishnaw

In this session, Nitin Lalwani, COO, Aswani Industries, spoke about manufacturing & leadership and provided career guidance.

In just three days, Defence Research and Development Organisation validated three major missile breakthroughs — the indigenous TARA glide weapon, an advanced MIRV-capable Agni missile

Even as the Nifty50 struggles in 2026 amid geopolitical tensions, rising crude oil prices, and foreign investor outflows, India’s midcap and smallcap stocks are racing ahead.

Prime Minister Narendra Modi’s call to revisit work-from-home amid rising oil prices and the West Asia crisis may sound temporary.

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