Consumer Sector

Showing 1 of 17 from 17 results
Consumer Sector - Total results - 17
Budget 2020: Cigarettes, imported products, furniture, footwear to become costlier; EVs, newsprint, sport goods to be cheaper
Business

Budget 2020: Cigarettes, imported products, furniture, footwear to become costlier; EVs, newsprint, sport goods to be cheaper

A large number of items including cigarettes, chewing tobacco along with imported products, like edible oils, fans, table, footwear, electric vehicles, tableware, kitchenware, toys and furniture are set to become more expensive due to hike in taxes proposed in the Union Budget for 2020-21

Budget 2020: Govt likely to restore 2% additional duty incentive on mobile phones export; notification may be issued soon
Business

Budget 2020: Govt likely to restore 2% additional duty incentive on mobile phones export; notification may be issued soon

The India Cellular and Electronics Association (ICEA) had written to the government expressing disappointment on the reduction of the incentive, saying it will lead to massive job losses.

Budget 2020: Auto component industry body seeks uniform 18% GST; demands fund to support R&D, indigenous technology development
Business

Budget 2020: Auto component industry body seeks uniform 18% GST; demands fund to support R&D, indigenous technology development

The industry body also sought import duty exemption on auto component prototypes to encourage domestic R&D and testing.

Budget may include stimulants to boost consumer demand, says Bank of America Securities report
Business

Budget may include stimulants to boost consumer demand, says Bank of America Securities report

Finance Minister Nirmala Sitharaman's first full-year Budget is expected to provide short-term stimulants to boost consumer demand, and such measures will get a positive response from markets, an American brokerage report said on Monday

Budget 2020: SIAM seeks incentive-based scrappage policy, GST rate cut on automobiles
Business

Budget 2020: SIAM seeks incentive-based scrappage policy, GST rate cut on automobiles

Auto industry body SIAM on Monday urged the government to announce an incentive-based scrappage policy ahead of the Budget, while also seeking a reduction in GST on BS-VI vehicles to 18 percent

Budget 2020: Slash GST on auto LPG, address policy issues stalling growth, tells industry body to Nirmala Sitharaman
Business

Budget 2020: Slash GST on auto LPG, address policy issues stalling growth, tells industry body to Nirmala Sitharaman

Leading industry body Indian Auto LPG Coalition has sought GST reduction on auto LPG as well as on conversion kits for gaseous fuels to promote the adoption of clean automotive fuels

Budget 2020: Paint makers seek tax incentives to improve consumer sentiment, boost demand
Business

Budget 2020: Paint makers seek tax incentives to improve consumer sentiment, boost demand

Paint makers are seeking the Centre's move to improve consumer sentiments and boost demand in the forthcoming Union budget, instead of any consideration of further tax cut for the sector.

Budget 2020: Govt should announce steps to boost rural growth, infra to give more disposable income in aam aadmi's hands
Business

Budget 2020: Govt should announce steps to boost rural growth, infra to give more disposable income in aam aadmi's hands

Focused efforts towards increasing rural employment, skill development of rural youth, MSME growth, job creation, farmer productivity improvement and infrastructure development to be key areas of focus of Budget 2020 for the coming year

Budget 2020: Expecting support measures to push leather exports, says industry body
Business

Budget 2020: Expecting support measures to push leather exports, says industry body

The Council for Leather Exports (CLE) on Tuesday said it expects the government to announce support measures in the forthcoming Budget to push exports of the labour-intensive sector

FMCG sector to expand at 9% in current year, growth to improve next year: CRISIL report
Business

FMCG sector to expand at 9% in current year, growth to improve next year: CRISIL report

The Rs 4-lakh crore FMCG sector will close fiscal 2020 with a 9 percent growth, down 4 percentage points and a jump in rural buying will lift the same to 11 percent in fiscal 2021, a report said on Tuesday

Budget 2020 recommendations from Commerce Ministry: Restrict purchase of alcohol to 1 bottle at duty-free shops
Business

Budget 2020 recommendations from Commerce Ministry: Restrict purchase of alcohol to 1 bottle at duty-free shops

Currently, inbound international passengers are allowed to buy two litres of alcohol and a carton of cigarettes from these shops

Budget 2020: Govt considering hike in customs duty on toys, certain paper, footwear products
Business

Budget 2020: Govt considering hike in customs duty on toys, certain paper, footwear products

The government may increase customs duty on several products like paper, footwear, rubber items and toys in the forthcoming Budget with a view to promote 'Make in India' and boost manufacturing growth, sources said

Budget 2020: Jewellery sector seeks reduction in gold customs duty to 6%, polished diamonds to 2.5% to revive industry
Business

Budget 2020: Jewellery sector seeks reduction in gold customs duty to 6%, polished diamonds to 2.5% to revive industry

Saying that liquidity is a major area of concern, All India Gem and Jewellery Domestic Council (GJC) Chairman Anantha Padmanaban said the government should take steps to ensure that banks lend to jewellers.

Consumer durable industry returns to steady growth path in 2019; economic slowdown a threat for 2020
Business

Consumer durable industry returns to steady growth path in 2019; economic slowdown a threat for 2020

The consumer durables sector, estimated to be around Rs 76,400 crore in FY'19, logged a growth rate of about 10 percent, largely helped by long and harsh summer, which lifted sales of compressor-based cooling products such as AC and refrigerators.

Union Budget 2020-21: Some states pitch for relaxation in fiscal deficit target to 4% to boost consumption
Business

Union Budget 2020-21: Some states pitch for relaxation in fiscal deficit target to 4% to boost consumption

With tax revenue slowing in a sputtering economy, some states on Wednesday suggested Finance Minister Nirmala Sitharaman to go for fiscal expansion and relax the deficit target to 4 percent of the GDP

Growth recovery in India's consumer sector likely in July-September, says Nomura report
Business

Growth recovery in India's consumer sector likely in July-September, says Nomura report

According to Nomura, consumer firms are expected to report average net sales growth of 8.6 percent year-on-year with EBITDA growth of 8.4 percent in the second quarter of this fiscal