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Related Keywords: approved extension norm, chaired by the Prime Minister Narendra Modi, mandatory packaging in Jute Material, ninety percent of food grains, over 20 percent of sugar products, packed in jute, Union Cabinet

The Union Cabinet chaired by the Prime Minister Narendra Modi recently approved the extension norm for mandatory packaging to be done in Jute Material, Under the mandatory packing norm, 90 percent of food grains and over 20 percent of sugar products are to be packed in jute.

This move is being seen as a welcoming step by the industries involved in Jute business, Indian Jute Mills Association President Manish Poddar said, as the extension is certainly a positive decision for the jute manufacturing units.

Related Keywords: approved a set of reforms, boost the made ups sector, domestic industry, for made-ups sector, includes products like towels and bedsheets, including simplified labour laws, provide production incentive, second largest employer, sourcing for made-up sector, technology upgradation, textiles sector after apparel, through TUFS, Union Cabinet

The Union Cabinet to boost the made ups sector which is the second largest employer in the textiles sector after apparel on Wednesday approved a set of reforms, including simplified labour laws and technology upgradation for the made-ups sector which includes products like towels and bedsheets.

The government will provide production incentive through enhanced Technology Upgradation Fund Scheme (TUFS) subsidy of additional 10% for made-ups similar to what is provided to garments based on additional production and employment after three years.

Related Keywords: Amended-Technology Upgradation Fund Scheme, attract investment, bring in flexibility in labour laws, Chinese textile and apparel industry, cleared special package for textile and apparel sector, create million new jobs, deal with rising competition, Fixed term employment, generate exports, increase subsidy, Union Cabinet

The Union Cabinet on Wednesday cleared a Rs 6,000 crore special package for the textiles and apparel sector with an aim to deal with the rising competition from China’s textile and apparel industry. The move, according to the government, would create 10 million new jobs in the next three years, in addition attracting investments of $11 billion and generating $30 billion in exports. The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi.

Related Keywords: Apprenticeship Act 1961, attract investments, employee interest, Factories Act 1948, Labour Laws, Labour laws 1988, textiles and garments, Union Cabinet

The Union cabinet on Wednesday approved amendments to three outmoded labour laws that is the Factories Act 1948, the Apprenticeship Act 1961 and Labour Laws which exempted from furnishing returns and maintaining of registers by certain establishments 1988, that acted as an obstacle to faster growth and hurt employee interests.
 
This is the first step and is perhaps the biggest reforms in nearly 44 years. It is a huge step and gives positive signal about the government’s intention to attract investment.