In a significant move aimed at supporting India's textile and apparel sector, the Central government has announced a temporary exemption on customs duty and Agriculture Infrastructure and Development Cess (AIDC) on cotton imports. The exemption will remain in effect from June 1 to October 31, 2026, and is expected to improve cotton availability, reduce production costs.
The India Meteorological Department (IMD) on Monday issued a cautionary first long-range forecast, predicting that India is likely to witness a "below-normal" southwest monsoon...
