Textile stocks Gokaldas Exports, Vardhman Textiles, Arvind, Welspun Living fall as government halves RoDTEP benefits, what is RoDTEP and its benefit

Shares of textile companies such as Gokaldas Exports, Vardhman Textiles, Arvind, Welspun Living, Kitex Garments, Indo Count Industries and Trident fell as much as 6 percent on Tuesday after the government capped benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme at 50 percent of the notified rates and value limits, […]