Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TDS :: cpt :: form 3cd :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: empanelment :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES
 
 
General »
 Companies should invest in upgradation of tax technology
 Top House tax writer suggests measures to mitigate the impact of the border tax
 Consumer goods distributors, wholesalers to bear the brunt of GST
 GST classification woes to continue
 There will be no tax on farm or agriculture income
 RBI, Income Tax Acts to be amended for electoral bonds, Jaitley says
  Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
 I-T zeroes in on Mumbai trader in first crackdown after demonetisation
  Tax queries answered by Dilip Lakhani, Senior Chartered Accountant
 Income Tax Department Failed To Unearth Black Money Despite Information
 Govt filing twice as many cases as private cos in Supreme Court

Tax ease harmful to state silk: CM Arjun Munda
April, 27th 2011

Enthused over multifold increase in domestic silk production over the past five years, chief minister Arjun Munda has requested the Union government to reconsider its decision about relaxing excise and custom duty on imported silk from 35 per cent to five per cent announced during the recent general budget.

In a letter to Prime Minister Manmohan Singh, Munda has drawn his attention to the fact that raw silk production in Jharkhand has increased from 40 metric tonnes in 2005 to 716 metric tones within five years. "If cheap silk is allowed to enter the country from foreign lands the day is not far when silk from our own country would be procured by China and we will be compelled to buy finished silk from them at a higher cost," Munda said.

Inaugurating a two-day seminar of silk scientists here on Tuesday, Munda laid emphasis on linking more and more people with the industry. "Over 200 scientists from all over the country are discussing various issues related to better quality and production of forest silk, its processing and marketing to grab the opportunity of ever increasing demand for silk," Munda said.

Central Tasar Research Institute director B C Prasad said scientists are targeting raw silk production of 5,000 metric tones for the 12th five year plan as against the annual silk production of 1,050 metric tonnes currently. "Jharkhand can contribute efficiently to this production target with new processing technicques developed for the four wild varieities of silk of Oak, Erri, Moonga and Tasar," he said.

Describing silk industry as a labour intensive cottage industry, Munda said that more and more women can be trained to take up silk rearing and production in the coming years to augment the overall production.

"We are planning to start the dyeing process so that finished silk can be produced here and our brand gives competition to silk from Bhagalpur and Varanasi," Munda said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions