Appliances, consumer electronics industry seeks tax relief, incentives in upcoming Budget
Manufacturers of appliances and consumer electronics are seeking lower taxes on eco-friendly and energy-efficient products, more incentives for domestic manufacturing and waiving of customs duty on inputs imported to make the components in the upcoming Union Budget.
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Electronics sector seeks lowering of GST, waiver of duty on imported inputs
In a Budget recommendation to the government, industry body Consumer Electronics and Appliances Manufacturers Association’s (CEAMA’s) president Kamal Nandi said lowering GST for eco-friendly and energy-efficient products like air conditioners and refrigerators to 12% will drive demand and increase adoption of sustainable appliances.
P&G India hit by monetary policy: CFO
“Slowing growth rates in India, largely as a result of some monetary policies, have created a bit of a liquidity squeeze, which is drying up inventory through the system,” Jon Moeller, chief financial officer, P&G, told investors on Thursday. “But we continue to grow well in India and build share.”
Koreans take greater charge of Samsung India's financial transactions
Samsung India is currently undertaking multiple initiatives to boost profit which declined three-fifths in the past two fiscals due to the price war it entered with Chinese companies like Xiaomi, OnePlus, Oppo and Realme in smartphones and televisions. In FY19, Samsung India’s net profit was Rs 1,540 crore, down from its recent peak of Rs 4,156 crore in FY17.
Recollecting India's frantic efforts to end starvation after independence
The nature of hunger has changed, but at a basic level, India still struggles to feed its people adequately.
How e-invoicing under GST will help businesses in the long run
Adopting e- invoicing will save the government a staggering 450 million dollars annually.
What consumption slowdown? Look at Reliance's retail show
RIL’s retail stores reported a 26 per cent year-on-year growth in footfalls at 176 million.
The aim is to push HUL to No 2 in five years: Ramdev
Patanjali will touch Rs 25,000 crore in revenue by the end of the current fiscal year.
Electronics exports: Budget may retain MEIS incentive
The MEIS scheme was found to violate the World Trade Organization rules as it was export focussed and India has appealed the organisation’s ruling on the subject.
Why govt should opt for public-private partnership to uplift telecom sector
There are only three big players left in the field, so Bharti Airtel and Vodafone Idea need to be able to compete with each other and with the more recent entrant, Reliance Jio. The Telecom Regulatory Authority of India (Trai) is designed more to help consumers than to play a groundsman who smoothens the turf. It is for the government to think smartly.
View: With food and fuel consumer price index surges, it’s time to rethink the inflation target regime
Is inflation targeting right for India, and does it focus on the right target?
Sell Godrej Consumer, price target Rs 720: CK Narayan
The analyst suggested a stoploss at Rs 742.
Share market update: Consumer Durables shares mixed; Symphony climbs 3%
The S&P BSE Consumer Durables index was trading flat at 25651.09.
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