Petrol and Diesel Budget 2019: Nirmala Sitharaman hikes fuel tax, levies additional surcharge on super rich to spur growth
Finance Minister Nirmala Sitharaman Friday hiked tax on petrol and diesel, raised import duty on gold, levied an additional surcharge on super rich
Union Budget 2019: Sanitaryware industry urges govt to cut GST, encourage personal hygiene
The sanitaryware industry has urged the Centre to rationalize Goods and Services Tax (GST) to 5 percent from the existing 18 percent to pare down the cost and encourage personal hygiene
Union Budget 2019: Automobile dealers body seeks industry status for auto retail sector
Automobile dealers body FADA on Thursday urged the government to consider industry status for the auto retail sector, a move which will help it avail easy finances and sustain business in the long term
Union Budget 2019: All India Farmer Associations urges govt to correct cigarette taxation error to lessen burden
Ahead of the Budget, farmers body FAIFA on Thursday urged the government to correct "an error" in cigarette taxation under the new tax regime that did not account for cascading effect on excise duty, which existed in the pre-GST system
Union Budget 2019: Gems and jewellery sector seeks cut in gold import duty to 4%
On the onset of the Union Budget for 2019-20, the gems and jewellery sector has unanimously sought a reduction of gold import duty to 4 percent to check smuggling in a big way
Union Budget 2019: Consumer electronic goods makers seek lower GST on large-screen TVs, air-conditioners and refrigerators
The consumer durables industry is of the view that these items are now household necessities and do not come under the luxury goods category anymore
Budget 2019: CEAMA urges govt to hike customs duties on imported finished goods; seeks subsidy on locally made goods
Ahead of the interim budget, CEAMA has suggested to increase the basic customs duty on import of finished goods such as TV, AC, refrigerators and washing machines.
Budget 2019: Govt to spend 6.5% more on food subsidies in FY20; hike may not be adequate to cover cost of food welfare programme
The government is set to earmark about 1.8 trillion rupees ($25.28 billion) for food subsidies next fiscal year
Budget 2019: Maruti Suzuki calls for reduction in taxes on automobiles in order to create demand, develop industry
Tax on automobiles in India is higher compared to many other countries and there is a need to reduce it in order to create demand and develop the industry, Maruti Suzuki India Managing Director and Chief Executive Officer Kenichi Ayukawa said Wednesday
Budget 2019: Announce accidental insurance, concessional credit for traders, CAIT asks Narendra Modi
Traders' body CAIT on Wednesday demanded an incentive package from Prime Minister Narendra Modi for traders such as accidental insurance coverage, credit at concessional rates and rationalisation of GST slabs
Budget 2019: Levy lower tax rates on cashless transactions to encourage more people to use digital payment mode
While important steps have been taken to ensure NBFC funding is not affected, a lot more needs to be done to ensure NBFCs get back into the growth mode.
Tokenisation of card payments can simplify and secure financial transactions, services for merchants, consumers
Tokenisation is a process aimed at increasing the security and safety of payment systems by replacing the card details with a unique alternate payment ID or code termed as a ‘token'.
India poised to become third-largest consumer market; spending expected to grow to $6 trillion by 2030: WEF
If realised, this would make India's consumer market the third-largest in the world, behind the US and China,
From central watchdog to out-of-court settlements, Consumer Protection Bill 2018 makes big strides in consumer rights
The Consumer Protection Bill 2018 is revolutionary in the aspect that it establishes a watchdog to bust unfair trade practices, oversee violation of consumers' rights and false or misleading advertisements prejudicial to the public and consumer interests
Consumer Protection Bill 2018: State machinery to take on might of traders, manufacturers if they fleece customers
The Narendra Modi government has therefore done well to junk the old Act and introduce a new Consumer Protection Bill, 2018 which received the approval of the Lok Sabha last week.
Rural households present big opportunity for consumer firms says Deloitte, FICCI report
"Rural households contribute to approximately 50 percent of the GDP, 40 percent FMCG sales, 50 percent two-wheeler sales, 30 percent four-wheeler, and 45 percent telecom contribution," Deloitte, FICCI report said.