Chinese official says trust deficit, lack of efficient payment system hamper e-commerce

Say it will discourage production, counter govt’s policy of boosting cotton trade

Amount includes Rs4.7 billion in foreign assistance

Govt imposes 17% sales tax on textile, leather, carpet, sports goods and surgical instrument sectors

Duty levied on cars of all engine capacities

Improvement seen in electronics, engineering and wood products

Turning a technological solution into big business requires funding

Producers reduce prices by around Rs150 per bag

It will lead to capital flight and dent country’s exports

Company is venturing into whole wheat flour business amid increasing demand