Goyal calls for steps to boost handloom production, exports
The Hindu
Panel to be set up to ensure exports of ₹1.25 lakh cr; portal for direct sales
Handloom exports should increase from ₹2,500 crore a year to ₹10,000 crore in the next three years, Union Minister of Textiles, Commerce and Industry, Consumer Affairs & Food and Public Distribution Piyush Goyal said on Saturday. Speaking at the National Handloom Day programme, he said steps need to be taken to increase the production capacities of handloom sector from the current ₹60,000 crore to over ₹1.25 lakh crore to increase exports. A committee consisting of weavers, trainers, equipment makers, marketing experts and other stake holders will be formed to recommend ways to achieve the objective. Textile Secretary U.P. Singh said an e-commerce portal is being developed in coordination with Digital India Corporation so that handloom weavers and handicraft artisans can sell their products directly. Further, about 1.50 lakh weavers have been on-boarded on the GeM portal so far, he said.
Markets tumble as Sensex and Nifty decline, with investors wary of foreign fund outflows and muted earnings.
Johnson & Johnson introduces TECNIS PureSee IOL for presbyopia in India, offering high-quality vision and reduced visual symptoms.
PMI Electro Mobility raises ₹250 crore for electric buses, accelerating growth plans with consortium investment.
India's wholesale price inflation slightly eased to 2.31% in January, driven by food and manufactured costs, with fuel prices in deflation.
AI could one day allow people to continue conversations with their loved ones after their death, said Sebastian Thrun, founder of Google X.
India considering liberalized air service agreement with Singapore, potentially allowing more flights and airport access.
February 13 saw a huge turnout, and the police expect this number to go up on February 14.
Sensex and Nifty rise on optimistic trade pact news, US market rally; key gainers include ICICI Bank, Infosys.
Elon Musk says he will abandon his $97.4 billion offer to buy the nonprofit behind OpenAI if the ChatGPT maker drops its plan.
Union Finance Minister Nirmala Sitharaman assures control over food prices in 2025, monitoring inflation to protect citizens.
BSE Sensex and NSE Nifty close lower amid global cues, retail inflation dip, and foreign fund outflows.
RBI Governor emphasizes NBFCs' role in inclusive development, customer protection, and financial stability, urging participation in ULI.
JPMorgan Chase begins job cuts as part of planned reductions, with fewer than 1,000 employees affected in February.