Latest News on Consumer Sector
Showing of 0 - 10 from 17 results
Consumer Sector - Total results - 17
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Feb 01, 2020
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 -
Jan 29, 2020
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. -
Jan 28, 2020
Budget 2020: Reduce GST on bicycles to 5% from 12% to revive demand in rural markets, urges Hero Cycles
The company has also sought extension of FAME-II benefits to electric bicycles -
Jan 27, 2020
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. -
Jan 27, 2020
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 -
Jan 27, 2020
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 -
Jan 27, 2020
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 -
Jan 24, 2020
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. -
Jan 22, 2020
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 -
Jan 21, 2020
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
