Consumer Sector

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

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

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

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.

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

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.

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 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: 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

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