Anil Rajbanshi Appointed as Vice-Chairman of MATEXIL
PNN
New Delhi [India], May 8: Anil Rajbanshi has been appointed as the new Vice-Chairman of MATEXIL (Man-Made and Technical Textiles Export Promotion Council). MATEXIL is a leading Export Promotion Council dedicated to enhancing exports of Man-Made Fibre Textiles, including fibre, yarn, fabrics, made-ups (including home textiles), and Technical Textiles.
Rajbanshi is currently serving as President of M/s. Reliance Industries Limited, a position he has held since 2004. Earlier in his career, he was associated with the Birla Group from 1975 to 1977. His extensive involvement in the Indian man-made fibre textile industry and his association with the National Committees on Textiles of both CII and FICCI reflect his commitment to the sector. He has also served as a member of the Textiles Committee.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
36 minutes ago
- Business Standard
Progress on poverty tracking: India needs fresh official estimates
The number of people living in extreme poverty, under the $3 a day line, is now only 5.3 per cent of the population, compared to 27.1 per cent in 2011-12 Business Standard Editorial Comment Mumbai Listen to This Article There is little doubt that the prevalence of absolute poverty in India has fallen considerably over the last two decades. However, the exact measurement of poverty has been somewhat hampered by the absence of official poverty estimates. These had become problematic and controversial in the past because of some disagreement over what constituted an accurate and fair poverty line. In the absence of an internal consensus in the Indian establishment over this question, many have used the poverty line set out by the World Bank for countries in India's income class. The World Bank's line was introduced in 1990 as
Time of India
37 minutes ago
- Time of India
Despite soaring debt signal in Economic Survey, Pakistan defence budget may shoot
Laden with an ever-increasing external debt that has reached $87.4 billion, Pakistan is spending over 1.9% of its gross domestic product (GDP) in debt service payments, with the biggest single lender being China, the latest economic survey released by the Shehbaz Sharif government says. Despite the mounting external debt, Pakistan is expected to sharply hike its defence spending in the upcoming budget. Last year too, Pakistan increased its defence budget by a whopping 16.4%, even as it was seeking a bailout deal from International Monetary Fund to avert a complete collapse of its economy. This time around, the increase is likely to be higher, given that IMF bailout has been secured and the country has faced significant damage to its airbases and air defence systems in the strikes carried out by India as part of Operation Sindoor. Indian defence budget is pegged at 1.9% of its GDP, a number that New Delhi has kept in check, with defence spending not exceeding the 2% mark for years. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. As per Pakistan's economic survey, it paid $7.8 billion in external debt service payments in the last financial year, with China getting just $602 million despite being the single largest lender, with outstanding loans worth over $15 billion. China is the largest supplier of weapons to Pakistan, with almost 80% of its arsenal originating from Beijing. In the recent conflict with India, the majority of weapons used by Pakistan that included HQ9 surface-to-air missiles and J10 fighter jets were acquired on lenient terms from China. Pakistan's total debt is pegged at $269 billion, with most of it being internal. On the external front, the country owes other nations and multilateral agencies nearly $87.4 billion. Among bilateral lenders, the biggest amount is owed to China ($15 billion), followed by Japan at $3 billion and France at just over $1 billion. Among multilateral lenders, Pakistan owes $18 billion to IDA and $16 billion to ADB.
Time of India
37 minutes ago
- Time of India
India-EFTA trade pact to come into effect in September: Piyush Goyal
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India's trade agreement with the European Free Trade Association (EFTA) comprising Switzerland, Norway, Iceland and Liechtenstein will come into effect in September, commerce and industry minister Piyush Goyal said on also said talks on a trade deal with the European Union could be concluded "faster than expected".India had already created a dedicated desk under Invest India for companies from the EFTA bloc to facilitate investment in India, he said, adding: "It will enter into force by September."The agreement has received approval from the parliaments of all four countries, Goyal said. In Switzerland, there is an objection period open until July 10 when citizens could challenge the pact. July and August are holiday months Delhi and the EFTA nations had signed the Trade and Economic Partnership Agreement (TEPA) on March 10, 2024. The agreement envisages an investment commitment of $100 billion in 15 years from the grouping into India in lieu of customs duty cuts. This commitment, Goyal said, was included for the first time in a trade who is on a four-day visit to Switzerland and Sweden, said companies in biotech, cybersecurity, healthcare and machinery manufacturing have shown interest in investing in India. A delegation of 90 Indian companies is accompanying Goyal on this visit to meet local leaders and businesses to promote trade and said he held bilateral meetings with over a dozen companies here and most of them are keen to invest in India. He said a delegation of 100 companies had visited India in February and some of them are keen to test market their products"There is a lot of excitement here for India," he said, adding that the trade deal will bring predictability, continuity and stability of the policy regime for investors from both was talking to journalists after his meeting with Swiss industry Minister Narendra Modi's government, which has completed 11 years, has gone from a position of strength to negotiate free trade deals with advanced economies, Goyal Delhi is in talks with the US for a bilateral trade deal, he said. India has already signed an early harvest deal with Australia and is also actively negotiating agreements with New Zealand, Chile, Peru and whether India is prepared to finalise a trade agreement with the US by prioritising low-hanging fruits, Goyal said, "India is always ready for that and I believe that" the things, which are not controversial, the low-hanging fruits, should be captured first as those sectors will start getting profits.(The correspondent is in Switzerland at the invitation of the Ministry of Commerce and Industry.)
