Cotton Corporation of India Presents ₹8.89 Crore Dividend For FY 2024–25The Cotton Corporation of India Ltd. (CCI), a Public Sector Undertaking under the Ministry of Textiles, today presented a dividend cheque of ₹8.89 crore for the financial year 2024–25 to the Union Minister of Textiles, Shri Giriraj Singh, at a ceremonial function held in New Delhi, in the august presence of the Secretary, Textiles, Smt. Neelam Shami Rao and Joint Secretary, Textiles, Smt.Padmini Singla. Shri Lalit Kumar Gupta, CMD, CCI handed over the cheque.The Union Minister of Textiles appreciated CCI’s consistent efforts and emphasized the importance of growth, efficiency, transparency, and innovation in strengthening India’s cotton and textile value chain. He underscored CCI’s pivotal role in ensuring remunerative prices to cotton farmers under MSP operations while maintaining equilibrium in the domestic cotton market.Reviewing the initiatives undertaken during the year, the Secretary, Textiles commended the management and employees of CCI for their dedication and performance and reaffirmed the Ministry’s continued support in achieving future milestones and enhancing the global competitiveness of India’s textile sector.The Secretary, Textiles further highlighted CCI’s backbone role in scaling certified cotton in India. Nearly 97% of certified Kasturi Cotton Bharat—1.51 lakh bales out of 1.58 lakh bales—was produced by CCI, reinforcing quality assurance, traceability, and India’s growing presence in premium global cotton markets.During FY 2024–25, CCI achieved a turnover of ₹20,009 crore, marking one of the highest turnovers in the history of the Corporation. The dividend declaration reflects CCI’s strong financial performance, operational efficiency, and its sustained contribution to the Government of India, while fulfilling its mandate of safeguarding farmers’ interests and ensuring market stability.Strengthening MSP Procurement and Farmer OutreachTo ensure wider and more effective outreach under MSP operations, CCI expanded its procurement infrastructure by opening 571 procurement centres across 150 cotton-growing districts, compared to 508 centres in the previous season. The liberalised norms for opening procurement centres have significantly improved last-mile access, particularly for small and marginal farmers, while reducing transportation costs and waiting time.Farmer empowerment remained at the core of the Central Government under MSP operations through the Kapas Kisan Mobile App, with over 46 lakh farmers registered. The app has transformed MSP procurement into a transparent, paperless, and farmer-centric system, enabling self-registration, advance slot booking, Aadhaar-linked payments, and real-time SMS alerts at every stage—from registration and procurement to bill generation and payment.Procurement operations were being monitored through Local Monitoring Committees (LMCs)at each APMC, supported by dedicated helplines and WhatsApp numbers for prompt grievance redressal. Extensive awareness campaigns through print, radio, social media, and local-language outreach have further ensured informed and inclusive farmer participation.Digital Transformation and TraceabilityCCI has achieved100% traceability of cotton bales through its Blockchain-based Bale Identification and Traceability System (BITS), enabling end-to-end tracking from procurement to processing using QR codes.On the buyer side, CCI enhanced Ease of Doing Business through CotBiz, its online Cotton Seed and Bale Billing System. CotBiz facilitates faceless, paperless e-auctions, supported by real-time dashboards, digital contracts, invoices, and gate passes, fully integrated with CCI’s ERP system.read more :- The rupee opened 15 paise higher at 91.55 against the dollar.
Rupee opened 15 paise higher at 91.55/USDIndian rupee opened higher by 15 paise at 91.55 per dollar on Thursday against previous close of 91.70.read more :- Rupee fell 51 paise to close at 91.70 per dollar
The Indian rupee on Wednesday lower 51 paise to close at 91.70 per dollar, while it opened at 91.19 in the morning.At close, the Sensex was down 270.84 points or 0.33 percent at 81,909.63, and the Nifty was down 75 points or 0.30 percent at 25,157.50. About 1357 shares advanced, 2509 shares declined, and 127 shares unchanged.read more :- US Tariff: Impact on domestic economy, foreign exporters safe
US tariffs hit domestic economy, not foreign exporters US import tariffs are paid by Americans, not foreign exporters contrary to official rhetoric, according to new research from the Kiel Institute for the World Economy. The study finds that 96 per cent of tariff costs are borne by US importers and consumers, acting like a domestic consumption tax that raises prices, shrinks product variety, and depresses trade volumes."The tariffs are an own goal. The claim that foreign countries pay these tariffs is a myth. The data show the opposite: Americans are footing the bill,” said Julian Hinz, research director at the Kiel Institute and one of the authors of the study. The research, analysing over 25 million shipment records worth nearly $4 trillion, showed US customs revenue rose by around $200 billion in 2025, while foreign exporters absorbed only four per cent of the burden. Trade volumes collapsed, but export prices did not fall, indicating exporters did not offset tariffs through discounts.Examining unexpected tariff hikes on Brazil and India in August 2025, the study found Indian exports to the US fell by up to 24 per cent in value and volume, while unit prices remained unchanged."We compared Indian exports to the US with shipments to Europe and Canada and identified a clear pattern. Both export value and volume to the US dropped sharply, by up to 24 per cent. But unit prices—the prices Indian exporters charged—remained unchanged. They shipped less, not cheaper," Hinz explained.Researchers conclude that tariffs squeeze US company margins, raise consumer prices, and force exporters to seek alternative markets, ultimately disadvantaging all sides.read more :- Deloitte estimates: 7.5–7.8% growth in FY 2025-26
Indian economy to grow 7.5-7.8% in FY2025-26: Deloitte India’s economy is expected to grow 7.5-7.8 per cent in FY2025-26, supported by resilient domestic demand, easing inflation, and a series of fiscal, monetary, and labour reforms, according to the Deloitte Global Economics Research Centre’s report, ‘India Economic Outlook, January 2026.’ Growth is projected to moderate to 6.6-6.9 per cent in FY2026-27 as global uncertainties and trade frictions persist.The global consultancy said 2026 will be defined by resilience in domestic consumption, decisive policy reforms, and recalibration of trade strategy, as India navigates spillover effects from protectionist shifts in advanced economies, volatile capital flows, and higher tariffs on select exports.Despite these headwinds, India maintained strong momentum in the first half of fiscal 2025-26, recording 8 per cent growth, driven by robust private consumption and investment. Inflation averaged 1.8 per cent, its lowest level in a decade, boosting real incomes and consumer confidence.Private consumption rose 7.9 per cent year-on-year (YoY) in the second quarter (Q2), supported by tax relief, goods and services tax (GST) rationalisation, and favourable monsoon conditions. At the same time, government capital expenditure accelerated, with utilisation reaching 51.8 per cent in the first half of the fiscal, lifting gross fixed capital formation growth to 7.6 per cent.On the production side, gross value added (GVA) expanded 8.1 per cent in Q2, led by manufacturing growth of 9.1 per cent and services growth of 9.2 per cent.Deloitte noted that policy co-ordination played a central role in cushioning the economy. Fiscal measures focused on boosting disposable incomes and sustaining infrastructure investment, while the Reserve Bank of India (RBI) delivered a cumulative 125-basis-point rate cut in 2025 to support credit growth and domestic demand. The long-pending labour codes, implemented in 2025, are expected to improve ease of doing business and accelerate job formalisation.On the external front, India continued to diversify trade partnerships through agreements with the UK, New Zealand, Oman, and European Free Trade Association (EFTA), while expanding engagement with emerging markets across Africa, Southeast Asia, and West Asia. However, delays in the proposed United States (US)-India trade agreement remain a key risk for exporters.Deloitte estimated that in the absence of a US-India trade agreement, American tariffs could shave 0.3-0.4 per cent of Gross Domestic Product (GDP) from Indian exports, likely keeping goods export growth subdued in the near-term.Looking ahead, policy priorities must transition from demand-led support to supply-side reforms such as GST 2.0, improved logistics efficiency, and productivity gains to sustain growth and strengthen resilience against future global shocks, Deloitte noted.read more :- CAD to reach 2.3% of GDP in FY26 Q3: ICRA
Indian CAD to widen to 13-quarter high of 2.3% of GDP in Q3 FY26: ICRA India’s merchandise trade deficit (MTD) widened to a higher-than-expected $25 billion in December last year from $20.6 billion in December 2024, amid a sustained double-digit growth in non-oil non-gold imports, even as export growth was muted at just 1.9 per cent year on year (YoY) in the month, according to ICRA.With a material widening in the MTD in Q3 FY26 compared to the year-ago quarter, ICRA projected the current account deficit (CAD) to surge to 2.3 per cent of gross domestic product (GDP) in Q3 FY26, which would be the highest level in last 13 quarters.The current account is likely to seasonally turn favourable in Q4 FY26 to a mild surplus of sub-1 per cent of GDP. Overall, ICRA estimates the FY26 CAD at a benign 0.8 per cent of GDP.India’s merchandise exports inched up by 1 per cent sequentially to $38.5 billion in December 2025. However, merchandise imports increased by a stronger 8.8 per cent YoY and 1.4 per cent month on month (MoM) to $63.6 billion in December 2025. Consequently, the MTD rose to $25 billion in December 2025 from $20.6 billion in the year ago month.Exports to the United States remained stable at $6.9 billion in December 2025 compared to November, while displaying a YoY dip of 1.8 per cent. In contrast, shipments to non-US regions rose by 2.7 per cent after a nearly 6-per cent average growth during July-November 2025.read more :- India's textile sector: hub of jobs
India’s textile sector emerging as major jobPrime Minister Narendra Modi on Tuesday highlighted the rapid transformation of India’s textile sector into a powerful, job-creating and people-centric engine of growth, stating that it reflects the true spirit of Aatmanirbhar Bharat.The Prime Minister shared an article authored by Union Minister for Textiles Giriraj Singh, which outlines how the sector has evolved from a legacy industry into a modern driver of employment, investment and exports.In a post on X, PM Modi said, “In this article, Union Minister Shri Giriraj Singh outlines the rise of India’s textile sector from a legacy industry to a powerful, job-creating, people-centric engine of growth, embodying the true spirit of Aatmanirbhar Bharat. He highlights that PM MITRA Parks, PLI schemes and new Free Trade Agreements are creating the next wave of employment.”In his article, Singh said that India’s textile resurgence is anchored in strong domestic demand and rising consumption. With a population of over 140 crore, India has emerged as one of the world’s most resilient textile markets. The domestic textile market expanded from around ₹8.4 lakh crore to an estimated ₹13 lakh crore over the past five years.Consumption trends further reinforce this momentum. Per capita textile consumption has nearly doubled over the last decade – from about ₹3,000 in 2014–15 to over ₹6,000 in 2024-25 – and is projected to double again to ₹12,000 by 2030, the minister noted.Export performance has mirrored this demand-led growth. Textile and apparel exports rose from ₹2.49 lakh crore in 2019-20, the year the COVID-19 pandemic struck, to nearly ₹3.5 lakh crore in 2024-25, registering around 28 per cent growth in the post-Covid period. This rebound, the minister said, highlights India’s ability to rapidly scale manufacturing as global demand recovers and convert export growth into employment across the textile value chain.The article places particular emphasis on the PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks scheme. The government expects investments worth ₹18,500 crore to flow into the sector based on proposals received under the initiative, which aims to boost production, employment and exports.Once operational, PM MITRA Parks are expected to attract investments of around ₹10,000 crore and generate approximately three lakh direct and indirect jobs, significantly strengthening India’s textile manufacturing ecosystem.read more :- Rupee opens 22 paise down at 91.19
Rupee opens 22 paise lower at 91.19/USD Indian rupee opened at fresh low 91.19 per dollar on Wednesday against Tuesday's close of 90.97read more :- Rupee fell 03 paisa to close at 90.97 against dollar
The Indian rupee on tuesday lower 03 paise to close at 90.97 per dollar, while it opened at 90.94 in the morning.At close, the Sensex was down 1065.78 points or 1.28 percent at 82,180.47, and the Nifty was down 353 points or 1.38 percent at 25,232.50. About 748 shares advanced, 3146 shares declined, and 100 shares unchanged.read more :- india-removed-development-surcharges-and-increased-export-credit
India removes growth penalty, boosts credit flow in export scheme India has revised its export credit framework to better support MSMEs as they scale up. The most significant reform allows exporters that graduate out of the MSME category due to higher turnover or investment to continue availing interest subvention for three years after reclassification, subject to conditions.The Directorate General of Foreign Trade’s (DGFT) Trade Notice No. 22/2025–26 dated January 16, 2026, amends the guidelines for Interest Subvention Support for pre- and post-shipment export credit under the Export Promotion Mission – Niryat Protsahan and is widely seen as MSME-friendly.Earlier, exporters faced an abrupt withdrawal of benefits once they crossed MSME thresholds, often at a stage when working-capital needs rose sharply. The three-year transition window now provides continuity and predictability, reducing the fear of scaling up and supporting capacity expansion.The notification also clarifies that revised interest subvention rates will apply only to export credit sanctioned after the date of notification, while existing loans will continue under the rates applicable at the time of sanction. This removes retrospective uncertainty and protects exporters’ financial planning.In another growth-supportive move, the DGFT has confirmed that for fiscal 2025–26, the full annual interest subvention ceiling will apply regardless of when export credit is sanctioned or utilised during the year, benefitting MSMEs that access finance mid-year.By linking subvention to the actual interest cost borne by exporters, while simplifying reimbursement mechanisms for banks, the revised framework aims to ease working-capital pressure and improve credit flow. Overall, the notification signals a clear policy shift—from limiting benefits based on size thresholds to supporting MSMEs as they grow into larger, export-driven enterprises.read more :- Government removed QCO from import of textile machinery
Government removed QCO on import of textile machineryThe Union Ministry of Heavy Industries has canceled its order related to Quality Standards for Safety of Machinery and Electrical Equipment issued on August 24, 2024.Additionally, there will be no quality control standards on imported textile machinery.Many textile units import weaving and processing machinery and the textile industry was demanding withdrawal of the order on quality standards on machinery. Although this order was introduced in 2024, the government had postponed its implementation.Now the government has removed the quality control order on all machinery and the textile industry will be able to import good quality machinery as per its requirement, said sources in the textile sector.read more :- Cotton prices seasonal high in 2025-26, CCI sold 1.14 lakh bales
As Indian cotton surges to seasonal high, CCI sells 1.14 lakh bales from 2025-26 cropThe Cotton Corporation of India (CCI) on Monday began the sale of cotton procured during the ongoing 2025-26 season, even as prices touched a seasonal high crossing the ₹56,000 levels per candy (356 kg).The State-run entity sold around 1.14 lakh bales on the first day of the sale, said Lalit Kumar Gupta, Chairman-cum-Managing Director, CCI. “Since mills need quality cotton, sales have commenced,” Gupta said. Till last week, CCI procured some 83 lakh bales.CCI’s sale price for the 2025-26 season is the range of ₹56,300-57,300 for the 29 mm cotton, almost similar to the last year’s levels. However, the trade feels CCI prices are slightly on the higher side compared to the market.Unsustainable“The rates are higher by Rs 1000-1500 per candy than what the market expected. We need to see the quality of the CCI cotton. If the quality offered is good, then CCI will be able to sell slowly. If the quality is poor, then mills will buy imported cotton at Rs 58000-59000 mill delivery including import duty,” said Atul Ganatra, Chairman, Crop Committee of Cotton Association of India, the apex trade body.On Monday, mills bought 61,000 bales from the 2025-26 crop from CCI, while traders bought 51,600 bales.Ramanuj Das Boob, a sourcing agent in Raichur also felt that the prices set by CCI are slightly on the higher side compared to market. “Mills, which have immediate requirement can buy in small quantities. I don’t think these prices will sustain at these levels,” he said adding that Rs 54,000-55,000 is the ideal range.Crop estimate upPrevailing cotton prices are at their peak levels in the ongoing season inching up from early January after the Government ended the duty exemption on imports on December 31. Also the firming trend in cottonseed prices has lent support to the raw cotton prices.“Cotton prices, which were hovering in the range of Rs 52,000 levels per candy at the start of the season in early October have inched up gradually and have crossed the Rs 56,000 levels. Before January, the price was hovering around Rs 53000- 54,000 levels. This is the highest price of the season,” Das Boob said.Recently, trade body Cotton Association of India (CAI) revised upwards the crop estimate for 2025-26 by around 2.5 per cent or 7.5 lakh bales of 170 kg each to 317 lakh bales on higher than estimated production in Maharashtra and Telangana. CAI has projected a year-end surplus 122.59 lakh bales for the 2025-26 season, up 56 per cent year-on-year on record imports of 50 lakh bales during the year. Imports till December 31 stood higher at 31 lakh bales. For the current cotton year 2025-26 ending September, CAI is expecting the imports to be at a record 50 lakh bales against 41 lakh bales a year ago.read more :- Rupee open Falls 03 Paise to 90.94/USD
The Rupee opened 03 paise lower at 90.94 against the US dollar. Indian rupee opened lower at 90.94 per dollar on Tuesday against previous close of 90.91.read more :- Government's challenge before budget on cotton import duty
Ahead of the Budget, Central Government Under Pressure Over Cotton Import DutyFarmers oppose reduction, textile industry insists on removalAhead of the upcoming 2026-27 budget, the central government is caught between conflicting demands from farmers and the textile industry regarding import duties on cotton. In February 2021, the government imposed an 11 percent import duty on cotton to protect domestic farmers, which includes basic customs duty, agricultural infrastructure cess, and surcharge.The textile industry argues that the duty should be removed due to declining domestic production and quality constraints affecting competitiveness. Farmers' organizations, however, contend that cotton prices have already fallen from ₹57,000 to ₹52,500 per candy, and a reduction in the duty would further impact their income.According to sources, the government has received representations from both sides, but given the current weak cotton prices, an immediate reduction or removal of the duty is unlikely. A government official said, “Cotton prices have fallen and farmers' income has been affected, so a reduction in the duty is not likely.”The Confederation of Indian Textile Industry (CITI) argues that removing the import duty would help bridge the production gap and boost export competitiveness. The organization recently met with Agriculture Minister Shivraj Singh Chauhan to demand the permanent removal of the duty.Cotton production in India is the livelihood base for approximately six million farmers and 40 to 50 million people employed in the textile sector. The textile and apparel sector is one of the country's largest employers, directly employing over 45 million people.Pressure has also increased on the export front. Exports have been impacted since mid-2025 after the US imposed a 50 percent tariff on Indian textiles. In December 2025, textile and apparel exports registered a meager 0.4 percent year-on-year growth. In conclusion, the issue of cotton import duties has become a balancing act for the central government — weighing farmers' interests against the competitiveness of the textile industry.read more :- CM Bhupendra Patel: Announcement of amendment in Gujarat Textile Policy
CM Bhupendra Patel announces amendments to Gujarat Textile PolicyGujarat CM Bhupendra Patel has decided that certain units engaged in non-polluting textile manufacturing will be granted benefits under the Textile Policy-2024. Aiming to further strengthen and empower women’s self-help groups (SHGs), Gujarat Chief Minister Bhupendra Patel Sunday announced amendments to the Gujarat Textile Policy, 2024.In a release, the chief minister’s office stated, “…the Chief Minister has issued directions to make important amendments in certain provisions of the Textile Policy. Accordingly, one or more Self Help Groups consisting of women associated with similar livelihood objectives, registered under the National Rural Livelihood Mission and the National Urban Livelihood Mission, or other voluntary Self Help Groups, will be eligible to receive benefits under the Textile Policy.”It added, “The CM has also taken another decision that units engaged in non-polluting textile manufacturing activities related to garments, apparel and made-ups, stitching, embroidery, and other activities, which fall within municipal area limits in the state, will also be granted benefits under the Textile Policy-2024.”As per the release, “As a result of this decision… non-polluting textile units located within municipal corporation limits in the state will receive extensive benefits from the scheme. Additionally, employment generation in urban areas will be encouraged and local employment opportunities for skilled and semi-skilled workers will increase. Recognition of non-polluting textile activities in urban areas will also create a favourable environment for the growth of Micro, Small and Medium Enterprises (MSMEs).”It stated that encouragement to non-polluting activities will help achieve the objectives of environmental protection as well as balanced and sustainable industrial development.“Along with the benefits available to Self Help Groups (SHGs) under the Gujarat Textile Policy-2024, the outcome of this decision… will enable women of the state to become more economically empowered and self-reliant. Such measures will provide them with greater opportunities and empowerment, enabling them to become stronger in society, the economy, and the business sector,” the release added.read more :- Demand to suspend bond facility on 10-30 count yarn import
Commerce ministry seeks bond facility suspension for 10-30 count yarn importsInstructions have been requested to be issued to the concerned customs houses to ensure that the cotton yarn count is clearly mentioned in the commercial description in the import bill of entry The Ministry of Commerce has requested the National Board of Revenue (NBR) to suspend duty-free import benefits for specific counts of yarn under the bonded warehouse scheme.In a formal letter sent to the revenue authority on 12 January, the ministry recommended the cancellation of the bond facility for the import of yarn ranging from 10 to 30 count to safeguard local textile millers.Contacted, NBR officials said they haven't issued any orders yet, to this end.In addition to the letter, instructions have been requested to be issued to the concerned custom houses to ensure that the cotton yarn count is clearly mentioned in the commercial description in the import bill of entry.In the textile industry, the "count" of yarn is a technical measure of thickness and fineness. Yarn within the 10 to 30 count range is classified as medium to coarse and serves as a vital raw material for the country's massive knitwear sector.The duty-free import benefit has been withdrawn for certain yarn counts, the primary users of which are the country's knitwear garment exporters.Exporters say that as a result, importing yarn will now require paying nearly 40% in import taxes. This will impact more than half of the country's ready-made garment exports.Fazlee Shamim Ehsan, executive president of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), told The Business Standard that due to the government's decision, local yarn manufacturers have already started holding them hostage.Some have temporarily stopped taking yarn orders altogether.He believes the commerce ministry has taken this decision in an arbitrary manner.The interim government has been weighing a range of policy options – including tighter import controls, curbs on duty-free yarn imports and incentives to encourage the use of locally produced yarn – as it comes under growing pressure to protect domestic spinning mills from a surge in imported yarn, particularly subsidised supplies from India.Officials from the Bangladesh Trade and Tariff Commission (BTTC) met representatives of the Bangladesh Textile Mills Association (BTMA) and the country's two garment exporter bodies in Dhaka early this month. While participants broadly agreed on the need to safeguard the textile value chain, no decision was reached amid sharp differences between mill owners and garment exporters."We are studying the issue and working on it," Commerce Secretary Mahbubur Rahman recently told The Business Standard when asked whether the government was considering import restrictions to protect local textile industries.Bangladesh's RMG sector, the world's second-largest exporter, has developed significant backward linkages over the years.Local textile mills now meet about 60% of the demand for woven fabrics and almost the entire yarn requirement of the knitwear sector.Despite this, spinning mills have been under severe financial stress for more than a year, often selling yarn below production cost to remain competitive.read more :- Greenland dispute: Trump imposes 10% tariff on Denmark, UK and France
| title | Created At | Action |
|---|---|---|
| FY 2024-25: Cotton Corporation of India's dividend of ₹8.89 crore | 22-01-2026 18:29:15 | view |
| The rupee opened 15 paise higher at 91.55 against the dollar. | 22-01-2026 17:29:49 | view |
| Rupee fell 51 paise to close at 91.70 per dollar | 21-01-2026 22:45:06 | view |
| US Tariff: Impact on domestic economy, foreign exporters safe | 21-01-2026 19:44:01 | view |
| Deloitte estimates: 7.5–7.8% growth in FY 2025-26 | 21-01-2026 19:27:39 | view |
| CAD to reach 2.3% of GDP in FY26 Q3: ICRA | 21-01-2026 18:54:45 | view |
| India's textile sector: hub of jobs | 21-01-2026 18:40:27 | view |
| Rupee opens 22 paise down at 91.19 | 21-01-2026 17:19:59 | view |
| Rupee fell 03 paisa to close at 90.97 against dollar | 20-01-2026 22:49:30 | view |
| india-removed-development-surcharges-and-increased-export-credit | 20-01-2026 19:35:15 | view |
| Government removed QCO from import of textile machinery | 20-01-2026 19:12:23 | view |
| Cotton prices seasonal high in 2025-26, CCI sold 1.14 lakh bales | 20-01-2026 18:58:21 | view |
| Rupee open Falls 03 Paise to 90.94/USD | 20-01-2026 17:19:55 | view |
| Government's challenge before budget on cotton import duty | 20-01-2026 01:26:29 | view |
| CM Bhupendra Patel: Announcement of amendment in Gujarat Textile Policy | 19-01-2026 19:44:15 | view |
| Demand to suspend bond facility on 10-30 count yarn import | 19-01-2026 19:03:36 | view |
