mewar chamber of commerce & industrymccibhilwara.com/wp-content/uploads/2018/12/march2017.pdf2 2...

March 2017 MEWAR CHAMBER PATRIKA 1

REPRESENTATION IN NATIONAL & STATE LEVEL COMMITTEES

All India Power loom Board, Ministry of Textile, Govt. of India, New Delhi

National Coal Consumer Council, Coal India Ltd., Kolkata

State Level Tax Advisory Committee, Govt. of Rajasthan, Jaipur

State Level Industrial Advisory Committee, Govt. of Rajasthan, Jaipur

Regional Advisory Committee, Central Excise, Jaipur

Foreign Trade Advisory Committee, Public Grievance Committee, Customs, Jaipur

DRUCC/ZRUCC of North Western Railways

AFFILIATION

At the International Level : International Chamber of Commerce, Paris (France)

At the National Level : Federation of Indian Chamber of Commerce & Industry, (FICCI) New Delhi

Indian Council of Arbitration, New Delhi

National Institute for Entrepreneurship and Small Business Development

(NIESBUD), New Delhi.

Confederation of All India Traders, New Delhi

At the State Level : Rajasthan Chamber of Commerce & Industry, Jaipur.

: The Employers Association of Rajasthan, Jaipur.

: Rajasthan Textile Mills Association, Jaipur

MEWAR CHAMBER OF COMMERCE & INDUSTRY

Mewar Chamber Bhawan, Nagori Garden

Bhilwara 311 001 (Raj.) 01482-220908 Fax : 01482-238948

[email protected] www.mccibhilwara.com

President

Sr. Vice President

Vice Presidents

Mr. Dinesh Nolakha 01482-286111 98281-48111

[email protected]

Mr. J. K. Bagrodia 01482-242435 94141-10754

[email protected]

Mr. N. N. Jindal 01472-240148 94147-34834

[email protected]

Mr. R. P. Dashora 01483-229011 73404-33333

[email protected]

Mr. Rajender Gaur 01482-246188 77270-09276

[email protected]

Hony. Secretary General

Hony. Joint Secretary

Hony. Treasurer

Executive Officer

Mr. R.K. Jain 220908, 238948 94141-10844

[email protected]

Mr. K.K. Modi 01482-247502 98290-46497

[email protected]

Mr. V. K. Mansingka 01482-253300 94141-12123

[email protected]

Mr. M.K.Jain 220908 94141-10807

[email protected]


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List of Associate Members who will be automatically be the Members of the Managing Committee 2017

Sr. F.N. Members Name Representative

1 1 Birla Corporation Ltd. Shri V.K.Hamirwasia

2 2 BSL Ltd (Process Division) Shri A.K.Mehta

3 4 BSL Ltd Shri J.C.Soni

4 10 Pratap Commercial Co.Pvt Ltd Shri Hemant Mansinghka

5 11 Bhilwara Spinners Ltd. Shri Ashok Kothari

6 14 RSWM Limited, Gulabpura Shri Prakash Maheshwari

7 21 Udaipur Mineral Development Syndicate Pvt Ltd Shri S.C.Panigrahi

8 22 A Infrastructurs Limited Shri Mohan Singh

9 56 Shree Mahadeo Cotton Mills Ltd. Shri Deepak Mansinghka

10 240 Sangam India Ltd.(Process Division) Shri V.K.Sodani

11 245 Swastika Suitings Pvt Ltd. Shri S.N. Soni

12 304 Sangam India Ltd. Shri J.P.Agarwal

13 313 Ranjan Suitings Pvt Ltd. Dr. P.M.Beswal

14 379 TPL Industries Ltd. Shri Anil Kumar Garg

15 393 Oswal Suitings Ltd. Shri Sanjay Jain

16 394 J.K.Cement Works Shri S.K.Rathore

17 427 Solar Synthetics Pvt Ltd. Shri K.C.Nuwal

18 428 Anant Syntex Ltd. Shri Anil Soni

19 432 Janki Corp Limited Shri R.N.Mittal

20 433 Ranjan Processors Shri Mohit Bhimsariya

21 960 SRM Spinners Limited Shri Raghav Somani

22 961 Tiyara Suiting Pvt Ltd Shri Sanket Drolia

23 963 Shree Balaji Enterprises Shri Dinesh Jain

24 964 Lagnam Spintex Pvt Ltd Shri Anand Mangal

25 965 Manasvi International Shri Ajay Kumar Malu

26 966 Seven Sky Exim Pvt Ltd Shri Vivek Ojha

27 967 Shah Exim Shri Pawan Kumar Shah


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Sr. F.N. Members Name Representative

28 968 Bhilwara Texpark Developers Pvt Ltd Shri N.K.Somani

29 969 Shankar Lal Rampal DyeChem Pvt Ltd Shri Susheel Kumar Inani

30 972 Swastik Polytex Pvt Ltd Shri Hemant Mansinghka

31 973 Shri Radheygovindam Resort Pvt Ltd Shri Manish Kumar Lath

32 974 Glowstone Industries Pvt Ltd Shri Abhinav Jain

33 975 Corporate Fashion Pvt Ltd Shri Prateek Sharma

34 976 Minnovation Corp Pvt Ltd Shri Atul Kumar Baldi

35 978 Ganesh Fibers Shri Manoj Sharma

36 979 Indiano Tailored Fabric Pvt Ltd Shri Puneet Singh

37 980 Manomay Tex India Pvt Ltd. Shri Yogesh Laddha

38 981 Super Shiv Shakti Chemicals Pvt Ltd Shri T.Moses Winston

39 982 Madhya Bharat Agro Products Limited Shri Pankaj Ostwal

40 983 Naive Textile Shri Digvijay Singh Pipara

Sr. Constituency Name of Unit Name of the person

1 Textile Industry Nitin Spinners Ltd. Mr. Dinesh Nolkha

2 Minerals & Allied Industry Hindustan Zinc Limited, Rampura Mr. R.P.Dashora

3 Cement, Building Materials, Iron & Steel, Chemicals Jindal Saw Limited Mr. Rajender Gaur

4 Weaving Industry Manglam Yarn Agencies Mr. J.K.Bagrodia

5 Banking, Insurance & Service Providers Bhilwara Urban Co-Op Bank Ltd Mr. M.D.Panday

6 Textile Processing Industry Rolex Processors Pvt Ltd Mr. R.L.Kabra

7 Textile Machinery, Accessories, Dyes & Chemicals Sudiva Spinners Pvt Ltd Mr. J.C.Laddha

8 General Industry J.K.Tyre & Industries Ltd. Mr. L.P.Shrivastva

9 Trade General Manju Shree Syntex Pvt Ltd Mr. M.D.gagrani

10 Yarn Trade, Agents and others Sharda Spuntex Pvt Ltd Mr. Anil Mansinghka

Fertilizers, Refactories

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Sr. Constituency Name of Unit Name of the person

1 Transportation, Logistics, Automobile Shree Goods Carriers Mr. Sanmati Jain

Motor Spirit & Machinery

2 Marble, Granite & Tiles Jindal Marbles Pvt Ltd. Mr. N.N.Jindal

3 Metals, Engineering & Electricals Talesara Electric Stores Mr. P.S.Talesara

4 General SR Texfab Pvt Ltd Mr. R.P.Agarwal

5 Electronics & Computers Rajasthan Commercial Co Mr. S.L.Pokharna

6 Cottage, Small & Medium Scale Industries (MSME) Modtex Texturisers Pvt Ltd. Mr. K.K.Modi

7 Agriculture, Allied Trade, Oil Vanaspati & Readymade Nathany Farm Mr. S.P.Nathany

8 Professionals Vinod Kumar Mansingka Mr. V.K.Mansingka

9 General Trade Furniture House Mr. R.G. Agarwal

10 Chartered Accountant A.K.Somani & Associates Mr. Atul Somani

11 Cinema, Hospitals & Service Providers Prashant Marble Pvt Ltd Mr.Vipin Laddha

12 Advocates & Tax Practitioners R.K.Jain & Associates Mr. R.K.Jain


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Sr. Name of the Association Name of Representative

1 Bhilwara Textile Agent Association Mr. K.C.Prahladka

2 Synthetics Weaving Mills Association Mr. Sanjay Periwal

3 Bhilwara Textile Trade Federation Mr.M.S.Rathore

4 RIICO Growth Center Udyog Sanstha Mr. J.P.Gadiya

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MINISTRY OF TEXTILES

PowerTex India (As launched on 01.04.2017)

COMPREHENSIVE SCHEME FOR POWERLOOM SECTOR DEVELOPMENT POWERLOOM INDUSTRYIN INDIA

In our country, powerlooms are a predominant segment in the entire textile value chain. According to a powerloom survey

carried out in 2013, there are 24.86 lakh powerlooms in the decentralized sector, out of which 1.03 lakh (4.1%) are shuttleless

looms. It accounts for more than 57% of the total cloth production and provides employment to nearly 44.86 lakh persons.

Around 60% of fabrics and garments manufactured by powerlooms are exported.

Looking into the various socio-economic problems faced by the powerloom weavers and the low technology levels in the

sector, the Government has focused its attention for the development of powerloom sector through multi-pronged schemes

and interventions. An Integrated Scheme for Powerloom Sector Development (ISPSD) was thlaunched during 11 Five Year

Plan. The scheme is hugely beneficial to the thdecentralized powerloom sector and it was extended to the 12 Five Year Plan

with additional components of Yarn Bank, Tex-Venture Fund and Common Facility Centre to help the economically weaker

powerloom weavers and for the overall development of the powerloom sector.

Anew Scheme of In-situ Upgradation of Plain Powerlooms in SSI sector was launched thin the 12 Five Year Plan with a target

of 1 lakh plain powerlooms to be fitted with additional attachments for quality improvement.

To address the felt needs of the Powerloom Sector, these schemes are now modified with additional components and new

schemes are added. The new schemes include Solar Energy Scheme and Pradhan Mantri Credit Scheme for Powerloom

Weavers. Additional components include creating Awareness and Publicity of the poweloom schemes, providing facilitation

services and IT enabled online services. The existing schemes of Group Workshed Scheme, Common Facility Centre, Yarn

Bank and In-situ Upgradation of Plain Powerlooms have been rationalized and upgraded. A comprehensive scheme with all

these features is now launched as the Comprehensive st Scheme for Powerloom Sector Development and the same comes into

effect on 1 stApril, 2017 and would be for a duration up to 31 March, 2020.

In-situ Upgradation of Plain PowerloomsGroup Workshed Scheme (GWS)Yarn Bank SchemeCommon Facility Centre (CFC)Pradhan Mantri Credit Scheme for Powerloom WeaversSolar Energy Scheme for PowerloomsFacilitation, IT,Awareness, Market Development and Publicity for Powerloom Schemes

Tex Venture Capital Fund

Amended Technology Upgradation Fund Scheme (ATUFS)

Modified Comprehensive Powerloom Cluster Development Scheme (MCPCDS)

Universal Insurance Coverage Scheme

Integrated Skill Development Scheme (ISDS)

To provide financial assistance to economically weaker low-end powerloom units, for upgrading existing plain looms to semi-

automatic/shuttleless looms by way of fixing certain additional attachments/kits.

To improve quality and productivity of the fabrics being produced and enable them to face the competition in domestic and

international markets.

Powerloom units having upto 8 Looms

ATTACHMENTS ON EXISTING PLAIN POWERLOOMS

Warp Stop Motion

Weft Stop Motion

PowerTex India (COMPREHENSIVE SCHEME FOR POWERLOOM SECTOR DEVELOPMENT)

COMPONENTS OFTHE PowerTex India SCHEME

Grant-in-Aid and Modernisation & Upgradation of Powerloom Service Centres (PSCs)

OTHER SCHEMES

INSITU UPGRADATION SCHEME FOR PLAIN POWERLOOMS

OBJECTIVES

ELIGIBILITY

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Efficient Braking Device

Replacement of metallic parts by self-lubricating nylon parts

Jacquard / Dobby

Anti Crack device

Semi-positive let off motion

Pirn Winding Machine

Rapier kit

SUBSIDYCHART

Sr. Type of Upgradation Quantum of subsidy per loom

General (50%) SC (75%) ST (90%)

1 From Plain Loom to semi Automatic shuttle loom Rs. 20,000 Rs. 30,000 Rs. 36,000

2 From Semi Automatic shuttle loom to shuttleless Rapier Loom Rs. 25,000 Rs. 37,500 Rs. 45,000

3 From Plain Loom to shuttleless Rapier Loom Rs. 45,000 Rs. 67,500 Rs. 81,000

GROUPWORKSHED SCHEME (GWS)

OBJECTIVES

ELIGIBLE BENEFICIARIES

ELIGIBILITY

MAXIMUMADMISSIBLEAREA

SUBSIDY CHART

q To facilitate the establishment of worksheds for shuttleless looms in an existing or new cluster, which will provide

required scale of economy for business operations.

To organise powerloom units in a cluster and to provide improved working condition in terms of more space, work

environment, improve the work efficiency to enhance their competitiveness in the global market.

State Government (or) its agency.

Aregistered Co-operative Society.

A Company set-up under the Companies Act, 1956 as amended (or) a firm set-up under the Limited Liability

PartnershipAct, 2008 as amended, by a group of powerloom owners (minimum of four beneficiaries).

The local powerloom association.

Group will consist of at least 4 weavers / entrepreneur(s) having separate legal entity.

At least 24 nos. of shuttleless looms of width upto 230 cms (or) 16 nos. of shuttleless looms of wider width i.e. 230 cms

and above must be installed.

Each beneficiary should have at least 4 looms.

Only TUFS compatible machineries to be installed.

Shuttleless Looms : 400 Sq.ft / Loom

Weaving Preparatory : 40% of Loomage area

Dormitory : 125 Sq.ft / Person

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Sr. Category Eligible Subsidy on the unit cost of construction Cap on Subsidy per Sq.ft

1 General 40% Rs. 400

2 SC 75% Rs. 750

3 ST 90% Rs. 900

YARN BANK SCHEME

OBJECTIVES

q

q

To provide interest free corpus fund to Special Purpose Vehicle (SPV) / Consortium to enable them to purchase yarn at

wholesale rate and give the yarn at reasonable price to the small weavers.

To avoid middle man/ local supplier's brokerage charge on sales of yarn.



ELIGIBILITY

FINANCIALASSISTANCE

COMMON FACILITYCENTRE (CFC)

OBJECTIVES


ELIGIBILITY

FINANCIALASSISTANCE

SUBSIDYCHART

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Registered Co-operative Society.

Trust.

Company set-up under the CompaniesAct, 1956 as amended.

Firm set-up under the Limited Liability PartnershipAct, 2008 as amended.

Minimum 11 members required to form Special Purpose Vehicle (SPV).

The Members of SPV should be Powerloom Weavers, Master Weavers, Co-operative Societies, Private

Entrepreneurs, NGO's working for Powerloom Sector.

SPV has to provide Bank Guarantee to the extent of 25% of Govt. of India share.

SPV shall arrange their own fund equal to Government contribution.

SPV shall rotate the corpus fund including their contribution at least 4 - 5 times in a year.

Government shall provide interest free corpus fund of maximum Rs 200 Lakh per yarn bank to SPV/Consortium.

To provide financial assistance for setting-up of Common Facility Centres such as design centre / studio, testing

facilities, training centre, information cum trade centre and common raw material / yarn / sales depot, water treatment

plant for industrial use, dormitory, workers' residential space, common pre-weaving facilities viz. yarn dyeing,

warping & sizing, twisting etc., and post weaving facilities viz. processing, etc.,

State Government (or) its agency.

Registered Co-operative Society.

Trust.

Company set-up under the CompaniesAct, 1956 as amended.

Firm set-up under the Limited Liability PartnershipAct, 2008 as amended.

Minimum 11 members required to form Special Purpose Vehicle (SPV).

The Members of SPV should be Powerloom Weavers, Master Weavers, Co-operative

Societies, Private Entrepreneurs, NGO's working for Powerloom Sector.

SPV shall have Own Land/Building (or) Leased Land/Building registered in favour of SPV for minimum period of 10

Years.

Only TUFS compatible machineries to be installed.

Government shall provide subsidy of maximum Rs 200 Lakh per CFC

Sr. Cluster Grade Maximum Financial

1 A 60%

2 B 70%

3 C 80%

4 D & Clusters in NER/J&K 90%

Assistance on Project Cost

PRADHAN MANTRI CREDIT SCHEME FOR POWERLOOM WEAVERS

OBJECTIVES

q To provide financial assistance viz. Margin Money Subsidy and interest reimbursement as against the credit facility

(term loan) availed under Pradhan Mantri MudraYojana (PMMY) to the decentralized powerloom units / weavers.


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Margin Money Subsidy as against the credit facility (term loan) availed under Stand-up India scheme by the SC, ST &

Women Entrepreneur of the decentralized powerloom units / weavers to meet their credit requirements such as for

investment needs (Term Loan) and for working capital etc.

Existing individual powerloom units (or) New individual / group enterprises involved in weaving activity.

Margin Money Subsidy @ 20% of project cost with a ceiling of Rs 1 lakh.

Interest Subvention @ 6% per year both for working capital and term loan upto Rs 10 lakh for maximum period of 5

years.

Only new powerloom units established by a person who belongs to Scheduled Caste (SC) or Scheduled Tribe (ST) or

Woman Entrepreneur.

In case of non-individual units at least 51 % of the share holding and controlling stake should be held by either a SC

(or) ST (or) Women Entrepreneur.

25% Margin Money Subsidy upto a project cost of Rs1.00 Crore with a ceiling of Rs 25 Lakh, the borrower is required

to bring in 10% of the Project Cost as his / her own contribution.

To provide financial assistance/capital subsidy for installation of On Grid Solar Photo Voltaic Plant (without Battery

back up) and Off Grid Solar Photo Voltaic Plant (with Battery back-up) by small powerloom units to attain sustainable

development goal of Government and to give thrust to renewable energy.

Powerloom units having upto 8 Looms.

Powerloom permit /Acknowledgment issued by the concerned Regional Office of the Textile Commissioner.

Units should have shade free roof top/ area.

PMMY- ELIGIBLE BENEFICIARIES

PMMY- FINANCIALASSISTANCE

STAND UPINDIA- ELIGIBLE BENEFICIARIES

STAND UPINDIA- FINANCIALASSISTANCE

SOLAR ENERGYSCHEME FOR POWERLOOMS

OBJECTIVES

ELIGIBILITY

No. of Looms

(Solar Capacity)

A) On Grid Power Plant

B) Off Grid Power Plant

General (50%) SC (75%) ST (90%)

4 Looms (4 KW) Rs. 2,25,000 Rs. 3,37,500 Rs. 4,05,000

6 Looms (6 KW) Rs. 3,00,000 Rs. 4,50,000 Rs. 5,40,000

8 Looms (8 KW) Rs. 3,75,000 Rs. 5,62,500 Rs. 6,75,000

4 Looms (4 KW) Rs. 2,75,000 Rs. 4,12,500 Rs. 4,95,000

6 Looms (6 KW) Rs. 3,75,000 Rs. 5,62,500 Rs. 6,75,000

8 Looms (8 KW) Rs. 4,75,000 Rs. 7,12,500 Rs. 8,55,000

FACILITATION, IT,AWARENESS,MARKET DEVELOPMENTAND PUBLICITY

OBJECTIVES

FINANCIALASSISTANCE PROVIDED FOR

q

q

Promote awareness and to trigger the developmental mode of decentralised powerloom sector.

Disseminate information about the modalities and benefits of schemes, programmes.

Create an enabling environment for publicity.

Give wide publicity, including event based publicity etc. through electronic, print, film media, multimedia, to the

Powerloom schemes, programmes.

Encourage voluntary action for ensuring effective implementation of schemes, programmes.

Organize Buyer-Seller Meets and Reverse Buyer-Seller Meets to promote market for powerloom product.

Help Centre

Disseminate information on Government Schemes of Powerlooms.

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Facilitating/ Liaison with Banks for Powerloom Entrepreneurs.

Dedicated helpline to Powerloom Weavers.

User friendly customer web portal.

Registration of powerloom weavers to avail facility/ benefits.

SMS alerts on new developments and initiatives.

Entrepreneur Cell, Design and TechnicalAdvancement.

IT - Development of online-portal / mobile application in respect of schemes implemented by Government of India.

Awareness and Market Development Programmes : Seminars/Workshops, Buyer-Seller Meets, International events

like Reverse Buyer-Seller Meets, E-platform for marketing of Powerloom products, Exposure Visit of Weavers and

Conducting studies, surveys and evaluation of programmes/ Schemes on the special needs.

Publicity in Electronic and Print Media.

SIDBI Venture Capital Fund Ltd., (SVCL) invests on behalf of Ministry of Textiles in the form of equity in MSMEs to

kick start an enterprise/ expansion.

Investments will typically be in innovative private powerloom MSME companies.

Maximum 50% of the project cost with a ceiling of Rs 3 crore is invested by SVCL.

The equity shares and / or instruments convertible into equity of Textile Micro and Small Enterprises.

Innovative private MSE companies involved in manufacturing and services in powerloom sector.

New products and technologies or innovative business model which have the potential to bring superior value

proposition to the customers will be given preference.

Companies undertaking expansions which already have sound financial performance are also encompassed in the

scope of the fund.

15 Powerloom Service Centres under Office of the Textile Commissioner (Tx.C), 26 Textile Research Associations

(TRAs) and 6 State Govt. offer various services like training, sample testing, design development, consultancy,

conducting seminar/ workshop, etc. to the powerloom sector on behalf of the Government.

Grant-in-Aid (GIA) is provided to the PSCs of TRAs/ State Govt. agencies for the recurring expenses for running the

PSCs.

The Govt. assistance will be provided for modernization and upgrading the Powerloom Service Centres with the

facilities which are required in the cluster. This would include improving testing facilities and also installing modern

looms to create awareness of the latest available technologies and provide training. Further, the Powerloom Service

Centres would also be provided with Preparatory machines, Testing instruments, Sewing machines for Garment and

Apparel, Embroidery Machines, Design Development facilities etc.

To provide one time Capital Subsidy for investments in employment and technology intensive segments of the textile

value chain.

Brand New shuttleless looms

Weaving Preparatory

Processing

Composite unit / Multiple Segments (If the eligible investment in respect of Garmenting & Technical Textiles is less

than 50% of the eligible Project Cost)

TEX-VENTURE CAPITALFUND

OBJECTIVES

FINANCIALASSISTANCE

INVESTMENTWOULD ME MADE ON

GRANT- IN-AIDAND MODERNISATION & UPGRADATION OFPOWERLOOM SERVICE CENTRES (PSCs)

FINANCIALASSISTANCE

AMENDED TECHNOLOGYUPGRADATION FUND SCHEME (ATUFS)

OBJECTIVES

10% CAPITALINVESTMENT SUBSIDY(CIS) SUBJECTTOACEILING OFRs 20 CRORE FOR :


MODIFIED COMPREHENSIVE POWERLOOM CLUSTER DEVELOPMENT SCHEME (MCPCDS)

OBJECTIVES

ELIGIBLE COMPONENTS

FINANCIALASSISTANCE

UNIVERSALINSURANCE COVERAGE SCHEME

OBJECTIVES

ELIGIBILITY

PREMIUM

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To create world class infrastructure to integrate production chain, to fulfil the business needs of the local Small and

Medium Enterprises (SMEs) and to boost production and export.

Development of infrastructure, common facilities, other need based innovations, technology upgradation and skills

development.

Overcome the bottlenecks in infrastructure and common facilities in brownfield clusters.

Common Facility Centres (CFCs) for pre and post weaving process, Mini-Industrial Parks with Worksheds supported

by Core Infrastructure, Innovative Ideas and other need-based interventions.

Matching investment in the ratio of Government (60) : Private (40).

Government of India provides subsidy of 60% of the project cost with maximum ceiling upto Rs 50 crore.

To provide insurance cover to the powerloom workers in case of natural death, accidental death and partial /

permanent disability due to accident.

Powerloom workers who are between 18 to 59 years of age.

Contribution by Above 50 Years of Age Below 50 Years of Age

PMJJBY PMSBY PMJJBY PMSBY

Beneficiary Rs. 80 - Rs. 80 -

LIC Rs. 100 - Rs. 100 -

Ministry of Textiles (MOT) Rs. 582 Rs. 12 Rs. 150 Rs. 12

Total Premium Rs. 774 Rs. 342

BENEFITS

Insurance Schemes* Total Benefits

PMJJBY PMSBY PMJJBY+PMSBYCoverage on

Natural Death Rs. 2,00,000 - Rs. 2,00,000

Accidental Death Rs. 2,00,000 Rs. 2,00,000 Rs. 4,00,000

Permanent Disability - Rs. 2,00,000 Rs. 2,00,000

Partial Disability - Rs. 1,00,000 Rs. 1,00,000

INTEGRATED SKILLDEVELOPMENT SCHEME (ISDS)

OBJECTIVES

IMPLEMENTATION THROUGH

SCALE OFASSISTANCE

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To provide specific skills as per the requirement ofApparel and other Segments of Textile Industry.

Placement of trained person in the related occupations.

Institutions / Textile ResearchAssociations under Ministry of Textiles - 5 Lakh trainees

State GovernmentAgencies - 5 Lakh trainees

Private bodies in Public Private Partnership (PPP) - 5 Lakh trainees

75% of the cost subject to the ceiling of Rs. 10,000/- per person. Balance 25% to be mobilized by the Implementing

Agency.

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GST Bills passed in Lok Sabha– Significant step towards July 1 rollout“My congratulations to all countrymen on the passage of the GST Bill. New year, new law, new Bharat”PM Narendra Modi

tweeted after the Bills were cleared

Clearing the decks for the July 1 rollout of the ambitious Goods and Services Tax (“GST”) that will subsume 17 major Central

and State taxes for a unified tax regime, the Lok Sabha on March 29, 2017 night cleared four crucial GST Bills i.e. CGST,

IGST, UTGST and Compensation Cess Bill. The four Bills were tabled in Lok Sabha on March 27, 2017 by the Hon'ble

Finance Minister Shri.Arun Jaitley.The passage came after several amendments pushed by lawmakers from the Congress and

BJD were defeated after the government sought to clear doubts.

Mr. Jaitley promised the House that the regime will make things "slightly cheaper".“Today, you have tax on tax, you have

cascading effect. When all of that is removed, goods will become slightly cheaper”, Mr. Jaitley said.

The Finance Minister defended the decision for multiple slabs, saying a one-rate formula was highly regressive as hawai

chappals and a luxury car would face the same levy. He then went on to allay fears of food products facing the levy and said all

farm goods would be kept out. He said GST on real estate and petroleum goods could be levied once States endorse such a

proposal and these would be taken up for discussion later.

Mr. Jaitley defended the anti-profiteering law, saying any rebates should be passed on to consumers. Further, he dismissed the

suggestion that Parliament has no power in respect of GST. “Rates would come for approval in Parliament or state

assemblies,” he said, asserting that there will be parliamentary control. “Plenary power will be with Parliament or assemblies.

We will have to be guided by the consideration... of the GST Council... Consequences of not accepting recommendations

would be then everyone can decide to fix a separate law or rate,” the minister said, adding that allowing for this would create

anarchy with 31 assemblies having separate provisions.

As regards Jammu and Kashmir, the Finance Minister said the law passed by Parliament will not apply to the State which will

have to legislate its own law and integrate with the GST regime.

“Parliament has accepted the draft approved by the GST Council as it is. We are seeing history in the making. We are going to

see a new system of taxation. We seem to be well within time. I would say this is an important step forward. I am very optimistic

of meeting the deadline.”

Shri. Arun Jaitley, Hon'ble Finance Minister

Passage of four GST Bills in Lok Sabha is indeed a landmark day in history of India. States will now take up the SGST Bills in

in their respective assemblies for adoption, which would be more or less the replica of the CGST and UTGST Bills. The

Government is simultaneously planning a massive outreach to increase awareness and get stakeholders trained and ready for

the tax. The Government has also set up working groups to take up issues faced by various industry sectors to ensure smooth

transition to the new regime besides the major countrywide outreach programme mentioned above.

All eyes are now on the subordinate Rules, which will be taken up by the GST Council in its next meeting scheduled for March

31 and subsequently begin work on fitting goods and services in the tax slabs, which will be recommended by a committee of

officers next month for the new indirect tax system to be rolled out from July 1 as slated.

The prospects of rollout of the Goods and Services Tax (GST) from July 1, 2017 has been brightened further, when the all-

powerful GST Council chaired by the Hon'ble Finance Minister, Mr.Arun Jaitley met for the thirteenth time in a row to clear all

gathered clouds over the GST and brightening its prospects of implementation soon.

With the conclusion of the 13 GST Council meet on March 31, 2017, the gist of the key takeaways from the meeting of the

GST Council are as under:

Earlier, the GST Council finalized five sets of Draft Rules relating to Registration, Refunds, Returns, Payment and Invoice,

Debit Note & Credit Note.

In this regard, the Hon'ble Finance Minister, Mr.Arun Jaitley said that “the five set of draft rules that were originally approved

have to be partly amended and altered to bring them in conformity with the provision of theAct”.

Steps ahead for July 1 rollout: Focus now on Rules and Rate fitments

13 GST Council Meeting: Important Takeaways

Five set of Draft Rules originally approved to be altered in consonance with the GST legislations :

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Nod to another four sets of Draft Rules :

Final approval to these 4 Draft Rules and rate structure to be taken up in next meeting:

CBEC unveils 8 GST Rules and revised FAQs on GST

The GST Rules and Revised FAQs can be accessed at following links :

Rajya Sabha passes all four GST Bills without amendments

Now, it also gave its tentative nod to four more sets of Draft Rules dealing with GST Input Tax Credit, Valuation, Transitional

Provisions and the Composition scheme.

The Hon'ble Finance Minister said that the four new Draft Rules have been tentatively approved and will be put up in public

domain for suggestions. These will be finalised in the GST Council's next meeting.

The Hon'ble Finance Minister said that “The next meeting will be held on 18-19 May in Srinagar where besides these rules

which will be given final approval, the rate structure in relation to individual commodities will be taken up for consideration.

In the meanwhile, the officers' committee will start working on the fitment of those rates”.

Thus, the final nod to the new 4 sets of Draft Rules as well as fixation of GST rates for goods and services will be done in the

next meeting of the GST Council scheduled on 18-19 May, 2017. From the recent series of steps that out of 9 Draft Rules, 5

Draft Rules were already finalized subject to certain alteration and tentative nod to remaining 4 sets of Draft Rules that will be

put on public domain to be taken up for final approval, it seems that the Government is very keen to implement the tax reform

from July 1, 2017.

In order to engage with the stakeholders and invite comments from the public at large, the Centre has issued 8 Goods and

Services Tax (“GST”) Rules viz. Composition Rules, Valuation Rules, Transition Rules, Input Tax Credit (“ITC”) Rules,

Revised Invoice Rules, Revised Payment Rules, Revised Refund Rules and Revised Registration Rules, onApril 1, 2017.

Further, the CBEC has also released the second edition of FAQs on GST on the basis of CGST, SGST, IGST, UTGST and

Compensation Cess Bills. Earlier the FAQs prepared by the NACEN were a compilation based on Model GST Law which was

put in public domain on June 14, 2016 and covered 24 topics with over 500 questions. The Revised FAQs on GST dated March

31, 2017 comprises of 223 pages. Indeed, these FAQs will be an effective tool in disseminating knowledge on GST to Tax

officials, Trade and Public.

Composition Rules Valuation Rules

Transition Rules ITC Rules

Revised Invoice Rules Revised Payment Rules

Revised Refund Rules Revised Registration Rules

FAQs on GST – 2nd Edition dated March 31, 2017

The CBEC has invited comments on the GST Rules byApril 10, 2017. The Government aims to implement the GST from July

1, 2017, and to that effect the final nod to the new 4 sets of Draft Rules as well as fixation of GST rates for goods and services

will be done in the next meeting of the GST Council scheduled on 18-19 May, 2017. It is indeed the best time for the Trade and

Industry to gear up and present their likely issues so that necessary changes are incorporated by the Government.

On Thursday i.e. April 6, 2017, the Rajya Sabha has passed four supplementary GST legislations without amendments by a

voice vote as all parties were on board. The four Bills are as under:

The Central Goods and Services Tax Bill, 2017

The Integrated Goods and Services Tax Bill, 2017

The Goods and Services Tax (Compensation to States) Bill, 2017 and

The Union Territory Goods and Services Tax Bill, 2017.

This step would be setting the stage for the Government to rollout the landmark Goods and Services Tax from July 1, 2017, to

usher in the one-nation-one-tax regime. Now, State GST Bill will be presented in StateAssemblies for their approval.

In this regard, the Hon'ble Finance Minister, Mr. Arun Jaitley said that “On 17-18 May we will give final approval to rules and

rates; looks like it can be implemented from July 1," and further, adding, "There would be hurdles or issues in implementation

and those will be resolved by the GST council as soon as possible."

Further, Revenue Secretary, Mr. Hasmukh Adhia has said that “We are ready for implementing it from July. The law is

ready, the rules have been finalised and are in public domain and our IT infrastructure is ready”.

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