The Hindu Business Line Article RatingTextile stocks Gokaldas Exports, Vardhman Textiles, Arvind, Welspun Living slump as Govt halves RoDTEP benefits
- Bias Rating
- Reliability
5% ReliableLimited
- Policy Leaning
-8% Center
- Politician Portrayal
N/A
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Bias Score Analysis
The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.
Sentiments
4% Positive
- Liberal
- Conservative
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Reliability Score Analysis
Policy Leaning Analysis
Politician Portrayal Analysis
Bias Meter
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-100%
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Contributing sentiments towards policy:
51% : Shares of textile companies such as Gokaldas Exports, Vardhman Textiles, Arvind, Welspun Living, Kitex Garments, Indo Count Industries and Trident slid up to 6 per cent on Tuesday after the government restricted benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to 50 per cent of the notified rates and value caps, dealing a blow to exporters. KEY HIGHLIGHTS Textile stocks fall up to 6% as RoDTEP benefits halved Vardhman, Gokaldas, Arvind, Welspun Living among top losers Know more about RoDTEP scheme and its impact The decision follows a significant cut in the budgetary allocation for RoDTEP for FY27 to ₹10,000 crore, compared with ₹18,232.5 crore in the previous fiscal.50% : RoDTEP scheme & impact The scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) has been in force for exports made from January 1, 2021, the Directorate General of Foreign Trade (DGFT) website reads.
50% : It is designed to reimburse exporters for various taxes, duties and levies incurred at the central, state and local levels during the manufacture and distribution of goods that are not refunded under any other existing mechanism.
43% : The move is expected to raise the cost of exporting from India by cutting refunds of embedded domestic taxes that exporters are otherwise unable to recover, thereby impacting margins in an already competitive global market.
39% : Yarn, fabric exporters to face near-term margin pressure: Elara Capital Elara Capital said the government's decision to cut RoDTEP rates will weigh on textile exporters, particularly yarn and fabric players.
*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.