KTR’s Strong Plea to Centre: Withdraw GST hike on Handloom sector
Hyderabad, Dec.19 (Maxim News): The Telangana Government has strongly opposed the Centre’s decision to increase the GST on handloom products from 5 to 12 per cent, from January 1,2022 and said it will deal a death blow to the handloom and textile sector.
Minister KTR today addresses a lengthy letter to the Union Textiles Minister Piyush Goel, requesting him to withdraw the decision as it would further worsen the living conditions of the weavers community.. KTR pointed out that the Covid-19 had created a very difficult situation for the handloom sector during the past two years and the present decision would further deteriorate it. He pointed out that even when 5 per cent tax was imposed earlier, the industry had agitated agaist it.
He stated that in Telangana, world famous handloom sarees producing weavers are much worried about the hike in GST. As it is the profitability is less than five per cent and the increase by 7 per cent would result in huge losses to the handloom sector. The demand for handloom products was already decreasing and the present hike would result in further decrease in demand.
KTR pointed out among other things that the cost of yarn and chemicals had already increased dealing a blow to the industry. In this background the present decision might force the closure of handloom units. He said that 80 per cent of the handloom sector is in small and medium sector in the country and, it has already become difficult for revival of the MSME units in view of the exiting taxes. In view of the meager profits in the handloom sector, the new generation would be forced to leave the industry.
The Minister further said it is necessary to look at the handloom sector as one of country’s culture and tradition, instead of as an industry, and withdraw the present hike. (Maxim News)
Next Story :
-
Adani Bribery Case: KTR Demands Telangana Govt To Cancel All Contracts
![Adani Bribery Case: KTR Demands Telangana Govt To Cancel All Contracts]()
Hyderabad, Nov 22 (Maxim News): BRS working president KT Rama Rao demanded the Congress government in Telangana to cancel its agreements with the Adani Group, worth Rs 12,400 crore, and return the Rs 100 crore donation made by the group for the Skill University. The demand follows charges of corruption and bribery against industrialist Gautam Adani…
-
Raja Singh Sparks Controversy Again: Advises Ayyappa Devotees’ To Visit Vavar Mosque
![Raja Singh Sparks Controversy Again: Advises Ayyappa Devotees’ To Visit Vavar Mosque]()
Hyderabad, Nov 22 (Maxim News): Goshamahal BJP MLA Raja Singh, sparked controversy after advising Ayyappa Swamy devotees not to visit the Vavar mosque of Hazrath Vavarswami Darga and mosque—popularly known as Vavar mosque—when traveling to the Sabarimala Temple in Kerala.
-
Telangana: DCA Cracks Down On Fake Drug Claims For Critical Illness
![Telangana: DCA Cracks Down On Fake Drug Claims For Critical Illness]()
Hyderabad, Nov 22 (Maxim News): The Drug Control Administration (DCA), Telangana State seized several drugs that were circulating in the market with misleading claims of treating Cardiovascular disorders, blood pressure, Ophthalmic diseases/disorders, fevers, and diabetes, which is in contravention of the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954, a DCA press release said.
-
Three Arrested For Practicing Allopathy In Telangana
![Three Arrested For Practicing Allopathy In Telangana]()
Hyderabad, Nov 22 (Maxim News): The drug inspectors of Telangana State Drug Control Administration (TSDCA) conducted raids on the premises of three quacks (unqualified medical practitioners), who were practicing allopathy, at different locations in Telangana State and seized substantial stocks of medicines worth Rs. 83,000, stored illegally for sale.
-
Like Praja Palana Forms, Now Caste Survey Applications On Road
![Like Praja Palana Forms, Now Caste Survey Applications On Road]()
Hyderabad, Nov 22 (Maxim News): The caste census survey applications have been found scattered again and this time near Tarnaka Metro station in the city on Friday. This is the second such incident being reported in the State.
Now you can get latest stories from Indtoday on Telegram everyday. Click the link to subscribe. Click to follow Indtoday Facebook page and Twitter and on Instagram. For all the latest Hyderabad News updates
