India, March 11 -- The Government of India issued the following news release:
Ministry's Budgetary allocation for the FY 2024-25 is Rs. 4,417.03 Crore and the for the next fiscal year i.e. FY 2025-26 is Rs.5,272 Crore. The main enhancements are under Production Linked Scheme (PLI) i.e. from Rs.45 Crore (FY 2024-25) to Rs.1,148 Crore (FY 2025-26), under Development of Jute Textiles (NJB) from Rs. 50 Crore (FY 2024-25) to 90 Crore (FY 2025-26), Under Central Silk Board from Rs 900 Crore (FY 2024-25) to Rs. 956.84 Crore (FY 2025-26).
Government is implementing Rebate of State and Central Taxes and Levies (RoSCTL) scheme for Apparel/Garments and Made-ups in order to enhance competitiveness by adopting principle of zero-rated exports. Further,...