Courtesy: Francesco Paggiaro from PexelsTo facilitate restructuring of micro, small and medium enterprises (MSMEs) accounts that have become stressed, the RBI has decided to permit a one-time restructuring of existing loans to MSMEs that are in default but ‘standard’ as on January 1, 2019, without an asset classification downgrade. The restructuring has to be implemented by March 31, 2020. “To be eligible for the scheme, the aggregate exposure, including non-fund based facilities of banks and

Courtesy: TrunkclubThe most searched fashion style in America is smart casual, which has been found most popular in 21 states, according to an analysis by Trunk Club, a personal styling service for men and women, which examined the most searched fashion styles in 2018 across all 50 states to see what styles and style questions people across the country are searching for. The study examined more than 400 different search engine queries about specific style questions (such as what to wear with

Around 70 per cent of European Parliament lawmakers recently backed the European Union (EU)-Japan agreement that binds two economies accounting for about a third of global gross domestic product and signals their rejection of protectionism by launching the world's largest free trade zone early next year. Japan's parliament also approved it recently. EU trade commissioner Cecilia Malmstrom said the deal would bring clear benefits to EU companies and farmers. The EU-Japan agreement will re

The All Pakistan Textile Mills Association (APTMA) has urged the government to ensure low cost of inputs to cotton farmers, implement a law relating to zoning system to regain cotton are and quickly provide quality cotton seed and extension services to farmers. It also demanded a regulatory regime for quality seed production and elimination of pest adulteration. Association chairman Syed Ali Ahsan and patron-in-chief Gohar Ejaz have also appreciated Prime Minister Imran Khan for his initiati

The US India Chambers of Commerce (USAIC), a wing of the US Chambers of Commerce has urged the Indian government to delay implementation of the new restrictions on e-commerce announced this week. USAIC said that the February 1, 2019, deadline for the restrictions coming into force does not allow sufficient time for companies to analyse the policy and comply. “While we are still trying to understand the full implications, we fear that these restrictions will have a far-reaching negative impact

With the apparel sector contributing more than 83 per cent to the country’s total exports, the Bangladesh readymade garment (RMG) sector is bursting with self-confidence. Bangladesh’ RMG industry—the second in the world in terms of production and exports—seems on its way to achieve $50 billion export target by 2021, writes Jozef De Coster from capital Dhaka. Nobody could have predicted that the RMG industry of Bangladesh, which started very small in the 1980s (exports didn’t exceed $3.5 milli

Vietnam’s textile-garment sector has grossed over $36 billion in export turnover this year, up 16.01 per cent against the previous year, according to Vietnam Textiles and Apparel Association (VITAS) chairman Vu Duc Giang. This is the highest rise over the past three years, compared with 12.1 per cent in 2015, 4.07 per cent in 2016, and 10.8 per cent in 2017. In 2018, the export turnover of clothes hit $28.78 billion, up $14.45 per cent; while that of fabric was $1.66 billion, up 25.5 per cen

Courtesy: OSHeN ActiveOSHeN Active has launched its high performance not from plastic activewear line. Its revolutionary, ultra-comfortable, eco-friendly trademarked bamboo fabric provides unparalleled strength, compression and flexibility while staying true to the brand's commitment to ocean conservation. The line offers various styles and colours for every activity. Headquartered in Marina Del Rey, OSHeN is disrupting the sports apparel industry with sustainable studio-to-street styles that

Courtesy: Shima SeikiShima Seiki, leading computerised knitting machine manufacturer, is set to exhibit at the 16th Dhaka International Textile & Garment Machinery Exhibition (DTG 2019) in Dhaka, Bangladesh, in cooperation with its partner Pacific Associates, in hall 7, booth 311. The textile machinery exhibition will be held from January 9-12, 2019, in Bangladesh. The company will be exhibiting its latest solutions to meet the current needs of the Bangladeshi market as well as advanced

The area under cotton sowing in Pakistan has reduced by 26 per cent due to the absence of appropriate crop zoning in the country, posing a serious threat to the production of the cash crop, cotton commissioner Khalid Abdullah recently informed the country’s Senate Standing Committee on National Food Security and Research during a briefing. Cotton arrival in the domestic markets reduced by 700,000 bales this fiscal compared to the last, Pakistani media reports quoted Abdullah as saying. H