Reserve Bank of India news and archive

India exports 15 billion dollars textiles & apparel in H1 2013-14

India earned nearly 15 billion dollars (around Rs 92,926 crores) through exports of textiles and apparels in the first six months of the current financial year 2013-14, reveal latest RBI data. It says, India exported 14.935 billion dollars (about Rs 92,358 crores) worth of textiles and garments during the first half of the current fiscal year,...

Apparel

RBI reconsiders textile debt recast on case-by-case basis

While the RBI has rejected a debt restructuring proposal from the textile industry, as the industry was hoping for a Rs 35,000 crores package, it has asked all banks to open a special window for the sector between August 1 to October 30, 2012 to scrutiny and consider debt recast on a case-by-case basis. The Finance Ministry has asked banks to...

Apparel

RBI rejects textile sector’s debt recast proposal

The RBI has rejected a debt restructuring proposal from the textile industry. The industry was hoping for a Rs 35,000 crores package. The government was considering the restructuring proposal, which could have provided a much required relief to the debt-ridden textile sector. Low or no export orders due to the sluggish economy in the West and...