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Rupee opens 22 paise higher at 90.76/USD Indian rupee opened 22 paise higher at 90.76 per dollar on Monday against Friday's close of 90.98.read more :- Cotton Corporation of India (CCI)

State-wise CCI Cotton Sales Details – 2025-26 SeasonThe Cotton Corporation of India (CCI) kept its price unchanged during this week for the 2025-26 season. So far, approximately 3,93,300 cotton bales have been sold by CCI during the 2025-26 season. Sales are highly concentrated in a few major cotton-producing states, Maharashtra and Gujarat emerging as the leading contributors.read more:-  10% global tariff from February 24

President Trump Imposes 10% Global Tariff from February 24US President Donald J. Trump has announced a temporary 10% global import surcharge, citing growing balance-of-payments pressures and risks to economic stability. Issued through a presidential proclamation on February 20, the measure takes effect February 24, 2026, for 150 days unless extended by Congress.The White House said senior advisers found “fundamental international payments problems” requiring special import measures under Section 122 of the Trade Act of 1974. Trump determined the tariff is necessary to correct external imbalances and stabilize the US economy.Officials noted that America’s balance on primary income turned negative in 2024 for the first time in decades, while its net international investment position fell to –90% of GDP. Persistent goods trade deficits of about $1.2 trillion and a widening current account gap of 4% of GDP have raised concerns over financial sustainability.The surcharge will apply to most imports in addition to existing tariffs but excludes key sectors such as critical minerals, energy, pharmaceuticals, aerospace, and vehicles. Imports under the US-Mexico-Canada and Central America trade agreements remain duty-free.The administration stressed the move targets macroeconomic imbalances, not industry protection. The US Trade Representative will monitor its effects and may adjust or end the measure before its July 24 expiry.The action is one of Washington’s most sweeping trade steps in recent years and is expected to draw strong global responses.read more:-  Gujarat's textile budget rises to $302 million

Gujarat Raises Textile Outlay to US$ 302 Million in FY ’27 BudgetGujarat has boosted its textile-sector allocation to Rs. 2,755 crore (US$ 302 million) for FY 2026–27 under the Development of Textile Industry scheme, up from Rs. 2,000 crore (US$ 219 million) in 2025–26. Announced by Finance Minister Kanubhai Desai, the rise underscores the State’s focus on consolidating its textile leadership and enhancing MSME competitiveness.The scheme will fund capacity expansion, technology upgrades, and new investments across the value chain. Increased subsidies aim to strengthen industrial infrastructure and scale. Support for cottage industries, handloom, and small-scale units continues through grants, training, and export facilitation.Funding for the Gujarat State Handicraft Development Corporation rises to Rs. 48.05 crore (US$ 5.28 million), with Rs. 23 crore (US$ 2.52 million) set aside for design contests, exhibitions, and promotions. A new Gujarat State Export Promotion Council will be established with Rs. 5.90 crore (US$ 648,000) to boost exports and MSME market access, including through e-commerce integration.Overall, the Budget combines expanded industrial investment with targeted support for traditional sectors and digital export initiatives.Ashish Gujarati, former SGCCI president, said the increased outlay and proposed export council reaffirm the State’s commitment to the Gujarat Textile Policy and MSME growth.read more:-   Court decision on tariffs, Trump's Plan B

Trump furious over Supreme Court's decision on tariffs, calls it shameful, says he has a Plan B readyNew Delhi. US President Donald Trump has reacted sharply to the Supreme Court's decision declaring the exorbitant global tariffs illegal. Following the repeal of the global tariffs, the President stated that he has a "backup plan" for penalty tariffs. During a breakfast with US governors at the White House, he described the Supreme Court's decision as "shameful."According to two people familiar with his remarks, Trump told those present that he already has an alternative plan ready after the court's decision. Meanwhile, Trump administration officials had already warned the President to be prepared for the possibility of an adverse ruling and assured him that even if the tariffs are invalidated, there are alternative ways to advance his trade agenda.Trump did not expect this decisionTrump has expressed increasing frustration with the Supreme Court in recent weeks. Several people familiar with the matter said he privately complained that the court was taking too long to deliver its decision. He also repeatedly speculated about the justices' decision.A source familiar with the matter told CNN that Trump had at one point said he did not expect the Supreme Court to strike down the tariffs because the stakes were too high. However, officials within the Trump administration were quietly preparing for defeat and told Trump that even if the court ruled against him, other legal avenues remained available to enforce the trade measures.A Major Setback for Trump's Trade PolicyWhile the US Supreme Court's decision on tariffs is a significant setback for Trump's trade strategy, his statements indicate that the administration intends to move quickly to explore alternative options to keep its economic agenda on track.read more:-  US 10% global tariffs; India impacted in deal

US Imposes 10% Global Tariff; India to Pay Under Trade DealThe United States has announced a 10% global tariff, which India is expected to pay under its trade agreement with Washington. A White House official confirmed the tariff “will remain until another authority is invoked,” urging all trade partners to honor existing deals.The move follows a U.S. Supreme Court ruling (6–3) that Donald Trump’s administration exceeded its powers by using the International Emergency Economic Powers Act (IEEPA) to impose broad import duties. In response, Trump called the verdict a “terrible decision” and announced an executive order under Section 122 of the Trade Act of 1974, authorizing temporary surcharges of up to 15% for 150 days to address balance-of-payments issues.Trump said existing Section 232 (National Security) and Section 301 (Unfair Trade) tariffs remain in place. He criticized the Court for being “swayed by foreign interests” and argued the ruling benefits other countries.The Supreme Court’s decision invalidated billions in emergency tariffs, potentially requiring $130–175 billion in refunds. Markets reacted positively, expecting lower inflationary pressure, though optimism was tempered by Trump’s vow to reimpose levies.Trump affirmed that “the India deal is on,” indicating that bilateral tariff adjustments—such as reducing reciprocal rates to 18%—will continue under new legal authority.read more:-  CCI keeps cotton prices stable, online auction continues

CCI keeps cotton prices stable, weekly online auction continuesThe Cotton Corporation of India (CCI) recorded total weekly sales of 2,700 cotton bales during the ongoing 2025–26 season, reflecting selective buying interest from mills and traders during the current week.Daily Sales Report 16 February 2026:Mills were the only active participants, purchasing 1,500 bales, while trader participation remained nil. Total sales for the day stood at 1,500 bales.17 February 2026:No transactions were recorded in either the mills or trader session.18 February 2026:Trading activity shifted to the trader segment, which lifted 1,200 bales. Mills did not purchase anything on this day. Total sales were 1,200 bales.19 & 20 February 2026:Both sessions witnessed no buying activity, resulting in zero sales.Cumulative sales :Following the latest auctions, CCI’s total sales reached:3,93,300 bales for the 2025–26 season, and98,82,400 bales for the 2024–25 season.read more:-  The rupee closed 38 paise lower against the dollar at 90.98

On Friday, the Indian rupee closed at 90.98 against the dollar, compared to its opening rate of 90.60.At close, the Sensex was up 316.57 points or 0.38 percent at 82,814.71, and the Nifty was up 116.90 points or 0.46 percent at 25,571.25. About 1842 shares advanced, 2167 shares declined, and 153 shares unchangedread more :- Strong future for the cotton spinning industry by 2033

Cotton Spinning Market Poised for Robust Expansion Through 2033The latest report from Coherent Market Insights, titled “Cotton Spinning Market: Trends, Share, Size, Growth, Opportunities, and Forecast 2026–2033,” presents an in-depth assessment of the global cotton spinning industry. This comprehensive study offers valuable insights into key market dynamics, including growth drivers, challenges, regional trends, and the competitive landscape.The report features detailed analyses supported by tables, charts, and figures, highlighting the significant expansion of the cotton spinning market in recent years. Growth has been propelled by rising product demand, a broadening consumer base, and continuous technological innovation across the textile value chain.Key areas covered include market size and segmentation, industry trends, competitive positioning, and future growth prospects. The study also evaluates major developments such as mergers and acquisitions, partnerships, product innovations, and marketing strategies adopted by leading industry playersThe report provides a comprehensive view of the market’s performance across major regions—North America, Europe, Asia-Pacific, South America, the Middle East, and Africa—analyzing production, consumption, and revenue trends. Both historical data and forward-looking projections (2026–2033) are included to offer a complete understanding of market evolution in terms of value and volume.In addition, the analysis explores key macroeconomic influences, regulatory frameworks, and technological advancements shaping the sector. With rising sustainability concerns and digital transformation in textile manufacturing, the global cotton spinning market is expected to experience substantial growth momentum through 2033read more:-  Rupee opens 30 paise down at 90.94

Rupee opens 30 paise lower at 90.94/USD Indian rupee opened  lower at 90.94 per dollar on Friday versus previous close of 90.67.read more:-  Gujarat made a big increase in the textile budget.

India's Gujarat state raises textile outlay by 38% in Budget for FY27India’s western state of Gujarat has announced a sharp increase in financial outlay for the textile sector, with allocation under the Development of Textile Industry scheme rising to ₹2,755 crore (~$302.71 million). The higher outlay signals a strong push to sustain Gujarat’s leadership in textile manufacturing while strengthening export competitiveness and MSME participation.State Finance Minister Kanubhai Desai presented the State Budget for fiscal 2026–27 in the Legislative Assembly on Wednesday in Gandhinagar. The allocation under the Development of Textile Industry scheme has increased from ₹2,000 crore in 2025–26 and ₹2,036.47 crore in 2024–25, reflecting a significant year-on-year expansion in subsidy-driven industrial support.The scheme is expected to facilitate capacity expansion, technology upgradation and investment promotion across the textile value chain. Alongside industrial support, the Budget continues provisions for cottage, handloom and small-scale textile ecosystems through grants, subsidies and institutional assistance, covering cooperative manufacturing, training and research support, and export facilitation for smaller producers.Artisan-focused measures also feature prominently. Financial assistance to the Gujarat State Handicraft Development Corporation has been increased to ₹48.05 crore ($5.27 million) for 2026–27 from ₹41.86 crore in the previous year, aimed at strengthening market access and institutional support. A further ₹23 crore ($2.53 million) has been earmarked for design competitions, exhibitions and promotional initiatives to enhance product innovation and visibility in the handicraft segment.To support export-oriented industries, including textiles and apparel, the Budget proposes establishing the Gujarat State Export Promotion Council with an allocation of ₹5.90 crore (~$6.48 million) to facilitate export development and market expansion. In addition, provisions enabling handloom and handicraft stakeholders to leverage e-commerce platforms indicate an emerging focus on digital market access and diversification.Overall, the Budget underscores a dual strategy of scaling industrial textile investment through a higher core outlay while sustaining traditional and MSME segments through targeted support, export facilitation and digital market initiatives.Ashish Gujarati former President of the Southern Gujarat Chamber of Commerce and Industry (SGCCI) commented on the budget, “The increase in textile allocation from ₹2,000 crore to ₹2,755 crore reflects the State’s continued commitment to implementing the Gujarat Textile Policy and supporting sector growth.” He added that the proposed formation of the Gujarat Export Promotion Council is a positive step that is expected to facilitate higher exports of MSME products by strengthening market access and institutional support.read more:-  Central and state budgets to boost MSMEs