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The Hindu
03-08-2025
- Business
- The Hindu
Telangana developing into a ‘handloom hub', says Kishan Reddy
Union Minister of Coal and Mines G. Kishan Reddy, here on Sunday, said Telangana is fast developing into a handloom hub with the proposed Kakatiya Mega Textile Park in Warangal sanctioned by the Centre expected to attract investments worth ₹10,000 crore providing employment to an estimated two lakh persons. The Modi government had also distributed 100 electronic jacquard weaving machines here and helped establish 31 handloom producer companies. Efforts are also on to revive the Himroo fabrics, Pithambari sarees and Armoor silk sarees, he said, at the inaugural of the week-long celebrations to mark National Handloom Day held in Shilparamam. The Centre is also aiding in setting up handloom clusters in Siddipet, Kamalapur, Dubbak and Warangal. Training has been provided for about 900 weavers in modern methods and 'Mudra' loans worth ₹70 crore were sanctioned, said the Minister. In Telangana, there are an estimated 48,000 artisans at work on 17 different kinds of handlooms, including Pochampalli Ikkat, Narayanapet cotton sarees and others which have attained international fame. The Centre is ready to consider any proposal to help the handloom sector, which forms a key component of the country's financial system, as it is second only to the agriculture sector with an estimated five crore people engaged either directly or indirectly. The Centre has been implementing a '5F' strategy like farm to fibre, fabric, fashion and foreign markets, for developing the sector in the last 11 years under the 'Make in India' programme. Handlooms sector constitutes 2.3% of the country's GDP, 13% of industrial output and 12% of exports making India the sixth largest exporter. Mr. Reddy said that in 2023-24, about three lakh crore rupees in exports were realised, and the Modi government plans to take it to ₹9 lakh crore rupees by 2030. Pension of ₹8,000 a month is being given to handloom weavers, a ₹2 lakh scholarship is being awarded for their children wanting to study higher studies, including textile design and about 20 weavers were sent to other countries for exhibitions, he added.
Time of India
09-07-2025
- Business
- Time of India
Telangana HC raps I-T department for ignoring faceless assessment norms
HYDERABAD: The Telangana high court has pulled up the for repeatedly violating provisions of the Finance Acts of 2020 and 2021 by initiating reassessment proceedings under the Income Tax Act without adhering to the mandatory 'faceless assessment' procedure. Tired of too many ads? go ad free now A division bench comprising Justices P Sam Koshy and Narsing Rao Nandikonda made these observations while quashing reassessment notices issued to BJP leader and Armoor MLA Paidi Rakesh Reddy for the assessment year 2025-26. Taking serious note of the department's conduct, the bench observed that despite several judgments invalidating similar reassessment notices, the I-T department continues to act through jurisdictional officers rather than following the faceless mechanism mandated under sections 148A and 148 of the Act. "This continued disregard of settled legal precedent not only undermines the law but leads to avoidable litigation," the bench said. The court referred to its earlier ruling in the Kankanala Ravindra Reddy case (Sept 2023), where it held that reassessment actions initiated without following proper procedure are both procedurally flawed and jurisdictionally invalid. "A considerable period has passed since that decision, yet we see no corrective steps taken by the department," the bench said. It also highlighted that over 700 similar petitions are now pending before the court due to the department's continued non-compliance. While the I-T department has filed special leave petitions (SLPs) in the Supreme Court challenging such orders, the bench pointed out that no stay or interim relief has been granted in those cases. It further criticised the department for attempting to prolong proceedings in the high court, potentially to buy time to reinitiate proceedings under new provisions.
