The general idea of protectionism is based on a notion that somehow banning or restricting trade will benefit society or a particular industry. The Encyclopedia of Brittanica defines protectionism as a policy of protecting domestic industries against foreign competition by means of tariffs, subsidies, import quotas, or other restrictions or handicaps placed on the imports […]
Tag Archives: Textile
16
Jun
Jun
On one side farmers in Madhya Pradesh, Maharashtra, Gujarat etc., states are protesting against the policies of the BJP government, and now merchant/traders and manufacturers are also up in arms against the central government’s new tax regime of GST (Goods and Service Tax). Yesterday the local textile industry of Surat city called for a shutdown […]