The companies named in these notices include Cottage Industries Exposition, Modale SA and Progress Ventures Group. These are Abdul Rashid Mir, Amir Mir, Sabeha Mir, Mujeeb Mir and Tabassum Mir.India has been seeking "administrative assistance", including access to bank account details of the persons and the companies suspected to have stashed undisclosed funds in banks in Switzerland, after furnishing some evidence to justify the suspicion.. In case of companies, their names and the countries of incorporation are mentioned.Most of the companies and individuals are associated with a carpet export business and an art curator with operations across several countries.The notices name two listed textile firms -- Neo Corporation International and SEL Manufacturing Company Ltd.New Delhi/Berne: Stepping up its hunt for black money stashed abroad, India has approached Switzerland for banking details of at least ten persons and entities suspected to have kept untaxed money in Swiss banks.Some of these names had figured in the leaked Panama Papers too, but several of them including the two listed firms have denied any wrongdoing.At least ten such notices concerning individuals and companies with Indian links were issued last week -- which could be the highest for a country within a week.The Swiss notices mention the names of individuals, their nationality and dates of birth.As per the local law, Switzerland gives an opportunity to the entity concerned to challenge the sharing of information, before providing the assistance to the requesting nation.Under its local rules, Switzerland provides a final chance to the concerned persons and entities before sharing the information about suspected cases of tax crimes with any foreign jurisdiction. Earlier, the notices were issued by Switzerlands Federal Tax Custom Polyester fabric Suppliers Administration (FTA) asking some of them to designate a representative to exercise their "right to be heard" before the assistance is extended to India. Switzerlands tax department issued notices to them last week to reply within 30 days to appeal the decision about providing administrative assistance in information requests from India. There are also some companies incorporated in tax havens like Panama and British Virgin Islands. These notices are made public through gazette notifications if they are not reachable directly by the concerned banks or the tax department.These include two listed textile companies, while others are associated with an art curator and his carpet export business

A fixed term workman will be considered at par with permanent workman in terms of working hours, wages, allowanced and other statutory dues. Thus, the pac-kage would help in social transformation through women empowerment. The investments envi-saged in the sector are to the tune of $11 billion, while in the next three years around one crore new jobs are to be created. Some said however that support for R&D was missing. However, China’s cost advantage has been neutralised to some extent because of an increase in labour wages."The Rs 6,000 package will result in additonal investments worth $11 billion, creation of one crore additional jobs and increase in exports worth $30.The majority of new jobs are likely to go to women since the garment industry employs nearly 70 per cent women workforce. The package will help in realising the true potential of employment generation in the textile and apparel sector," finance minister Arun Jaitley told reporters here."Over the last few years, apparel manufacturing had shifted to countries like China which had cost advantages.A unique feature of the scheme will be to disburse the subsidy only after the expected jobs are created. The measures approv-ed include additional incentives for duty dra-wback scheme for garments, flexibility in lab-our laws to increase productivity as well as tax and production incentives for job creation in garment makers.4 billion which will help boost textile Blue custom Polyester stretch Fabric Suppliers and garmenting sector.Aiming to boost jobs and attract investments, the government on Wednesday approved a Rs 6,000 crore special package for textiles and apparel sector."The package breaks new ground in moving from input to outcome based incentives by increasing subsidy under Amended-TUFS from 15 per cent to 25 per cent for the garment sector as a boost to employment generation," an official statement issued later, said. Therefore, it was decided to take steps to give a boost to the sector.Among the measures to usher in flexibility in labour laws are increasing overtime hours for workers which are not to exceed 8 hours per week in line with ILO norms and the introduction of fixed term employment looking at the seasonal nature of the garment sector.Industry bodies welcomed initiatives, including labour reforms, saying that the sector has huge potential for job creation.The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi. We will overtake Viet-nam and Bangladesh in garment exports within next three years if we properly implement the package," textiles secretary Rashmi Verma, who was also present on the occasion, said.. We have advantages of economies of scale