Nike to cut about 2% of its global workforce, announces new business structure

Nike has announced a new business structure, which among other changes involves trimming 2 percent of its workforce globally. “Nike’s leadership and organizational changes will streamline and speed up strategic execution,” the retailer said in a statement Thursday, explaining plans of how Nike will also change the reporting divisions of its company. “The changes are […]

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A Crackdown on the Slaughter of Sacred Cows Is Hurting India’s Leather Industry

In the backstreets of Agra’s Muslim quarter, where shoes have been made for centuries, small-scale manufacturers are firing workers and families cutting back on spending as a government crackdown on cattle slaughter ripples through the community. The election of Indian Prime Minister Narendra Modi of the Hindu nationalist Bharatiya Janata Party (BJP) three years ago […]

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Ganga: NGT allows three Kanpur-based tanneries to operate

The National Green Tribunal has allowed three Kanpur-based tanneries, which were releasing waste in river Ganga, to resume operations after the UP Pollution Control Board (UPPCB) informed it that they were complying with all environmental norms. A bench headed by Justice Jawad Rahim permitted K C Tan Industries, Tajammul Ki Tannery and Sabra Leather Finishers […]

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Cattle Slaughter Crackdown Ripples Through India’s Leather Industry

AGRA, India (Reuters) – In the backstreets of Agra’s Muslim quarter, where shoes have been made for centuries, small-scale manufacturers are firing workers and families cutting back on spending as a government crackdown on cattle slaughter ripples through the community. The election of Indian Prime Minister Narendra Modi of the Hindu nationalist Bharatiya Janata Party […]

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GST: While apparel is at 12% why footwear is at 18% asks Adesh Gupta, Liberty Shoes

The Modi government has decided that this will be the top priority sector because we are the second largest manufacturing in the world and our consumption within India is almost 95% of the shoes produced. The idea was that for Make in India, the overall objective to grow this trade which are reeling under high […]

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GST to bring down footwear prices

The government has announced GST rate of 5% for footwear below Rs 500 and 18% for other. The new rate structure has invited praise and appreciation from across the industry, from manufacturers to retailers and distributors as well from both domestic and foreign brands. Over the years, multiple taxes from excise duty, CST, State VAT, […]

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