Memorandum Writin Example

Memorandum On Union Budget 2010-11 To Honble Minister of Finance administration of India From The chairperson CITI(confederation of Indian cloth industry) New Delhi - 110 001 To: Hon. Finance Minister, Ministry of Finance, Government of India From: The chairman CITI(confederation of Indian textile industry), Industry Date:fifth March 2010 Sub: Union Budget 2010- 11:Its tinge and recommendation for TEXTILE industry Back ground : Hon.

Finance Minister, congratulations for presenting the well balanced budget 2010 speci aloney for agriculture,education,infrastructure and social sector. barely as far as Textile industry is interest the response is not that much positive. As chairmen of CITI I require to put some points regarding Textile industry to include in the budget for India and here I am putting all those points in terms of memorandum. Sir as we know, Textile industry generally depends upon the textile manufacturing and export. It as well plays a major role in the economy of the country. India earns about 27% of its total foreign diversify through textile exports. The increase in standard account of excise duty to 10% from 8% would have an untoward impact on the textiles sector as it is expected to assume the margins of textile companies. The players capacity expansion and modernization plans are also expected to be affected by the higher textile machinery prices on account of increase in excise duties. The contradict impact of excise duty increase would only be marginally mitigated by the positive announcements, such as the extension of interest subvention for export credit by... If you compulsion to get a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .