Zero-duty import of Gold by a large PSU company has come under the scanner, sources told BW. India levies a 14.35 per cent duty on the import of Gold Dores (unrefined gold) but some refiners like MMTC, a public sector entity and PAMP, a Switzerland company, were importing dores from least developed countries (LCDs) on […]
FMCG sector navigates muted rural demand and eyes government support in the upcoming budget for growth, innovation and healthier product incentives The rural demand has been muted over the past quarter for almost all fast-moving consumer goods (FMCG) companies. The Interim Budget that will be presented on 1 February will be a Vote on Account […]
Qualtrics’ 2024 Consumer Trends Report highlights a paradigm shift among Indian consumers Only 29 per cent of Indian consumers consider price as the primary driver when choosing products or services, a recent survey revealed. Contrary to popular belief, the survey found that for Indian consumers, product and service quality, excellent customer service and a simple […]
Finance Minister Nirmala Sitharaman is preparing to present her sixth consecutive budget on 1 February. The budget’s focus is expected to be on putting more money in the hands of the people, with probable tweaks to tax slabs or an increase in basic deductions as possible avenues for achieving this goal. Another recommendation is to increase finances for the […]
The food and hospitality sector stands united, appealing to the government for the restoration of input tax credit for GST, citing the escalating costs faced by the industry As Finance Minister Nirmala Sitharaman is gearing up to unveil the Union Budget 2024 on 1 February, all sectors have articulated their expectations from the government. The […]
In a bid to curb tax advantages exploited by jewellers, the government considers raising taxes on imported ‘Gold Findings’ used as connectors, following revelations of surging imports The government has moved to hike taxes on the imports of ‘gold findings’ after a report in BW Businessworld on 31 December 2023 revealed that its imports had […]
As brands navigate post-Ayodhya dynamics, the retail landscape witnesses a blend of cultural engagement and market strategy, forging lasting legacies amidst praise and scrutiny Viewed through a marketing lens, the Ayodhya Ram Temple Consecration emerges as effective marketing, captivating the nation and resonating with people globally. The live stream of the celebration spanned hundreds of […]
Retailers gear up for Budget 2024, seeking tax cuts, green push and digital boost. With the expected growth rate in mind, retailers are looking forward to specific measures in the Interim Budget 2024. They are expecting government support in terms of taxes and incentives to boost the sector’s growth. “Reducing gross and services tax (GST) […]
As the day has arrived for the Ram temple consecration ceremony at Ayodhya in Uttar Pradesh, brands are seizing the opportunity with unique marketing initiatives to showcase and bring their best foot forward on the momentous celebration. Brands from diverse sectors are participating on this significant occasion with their new brand campaigns and products. Uniting […]
Since the declaration of Ram Mandir’s consecration ceremony, Ayodhya has emerged as the nation’s spiritual heart and a thriving economic powerhouse. The city does not just seem inviting to devotees but also to the businesses following them. Confederation of All India Traders (CAIT), the traders’ body last week stated that the business worth Rs 1 […]
