Coronavirus Outbreak: Appliance, consumer electronics makers look at production resumption post-lockdown
Many appliances and consumer durables manufacturers have decided not to resume manufacturing despite the government relaxing certain guidelines for industries to operate in lockdown 2.0, preferring to wait till the curbs are fully lifted
Budget 2020: Appliances, consumer electronics industry seeks GST tax relief, incentives to produce eco-friendly, energy-efficient goods
The Consumer Electronics and Appliances Manufacturers Association (CEAMA) has urged the government to offer incentives for manufacturers
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.
Consumer durables and home appliances makers like Godrej Appliances, Panasonic, Philips Lighting and Intex want the government to lower taxes, give incentives to local manufacturing and increase customs duty on imports
Experts on GST rates: Indeed a new beginning but telecom, insurance, hotel booking to pinch consumer
While some have supported the multiple rate structure for services some others have criticised it
More money will be jingling in the pockets of government employees and pensioners with the 7th Pay Commission’s announcement of a 23.55 percent overall increase in salaries and pensions for more than 1 crore government employees and pensioners.
Industry body CEAMA has sought reduction in excise duty on consumer durables in the Budget 2015 to help the sector combat demand slowdown.