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Stability marks north India’s cotton yarn amidst global cotton import

In north India, cotton yarn prices remained stable, unaffected by domestic cotton price hikes due to large mills importing cheaper cotton.
This steadiness contrasts with south India’s optimism.
Despite weak market sentiments, export trade benefitted from the devaluation of the Indian Rupee.
Meanwhile, Panipat’s recycled yarn market experienced normal trade levels amidst weak demand.Read More

06.01.2025Comments Off,
UK’s retail spending declines in Dec, low expectations for next qtr

UK retail spending expectations fell to -3 in December from +3 in November, with overall spending dropping to +11 from +17, per BRC-Opinium data.
Economic confidence plunged to -27 (-8 pts), while financial outlook stayed at -3.
BRC CEO Helen Dickinson warned of weak demand, £7 billion (~$7.21 billion) in 2025 costs, and potential store closures, urging business rates reform to avoid any strain.Read More

06.01.2025Comments Off,
CII’s FY26 Indian budget suggestions include lower excise duty on fuel

CII’s FY26 budget recommendations include reducing excise duty on fuel; reducing marginal tax rates for personal income up to ₹20 lakh per annum; raising the MGNREGS wage and the PM-KISAN payout; an integrated national employment policy; and backing labour-intensive sectors.
Consumption vouchers targeted at low-income groups should be initiated to stimulate demand for specified goods and services.Read More

06.01.2025Comments Off,