Draft National Retail Trade Policy Has Been Prepared, Says Centre
Centre says that special emphasis is placed on assessing the requirement of licenses, removal of renewal requirement, inspection reforms, facilitating public service delivery
Companies
Economy
Retail
Brands
Companies
E-commerce & Marketplaces
Logistics
News
Logistics Costs Are Most Significant Challenge For Ecommerce: Flipkart CEO
- by BW Retail World Bureau
- February 15, 2024
Ecommerce in India is in its early stages, with logistics costs being the most significant problem, news agency PTI reported, quoting a top Flipkart executive on Tuesday. Speaking at the Walmart development Summit, Flipkart CEO Kalyan Krishnamurthy stated that the government has reduced taxation and implemented ease of doing business as a strategy, which is one […]
Finance
Government
Manufacturing
National
News
15% Tax Rate For New Factories Likely To Be Extended Till March 2025
- by BW Retail World Bureau
- January 23, 2024
In a move aimed at further incentivising fresh investments in the manufacturing sector and promoting ease of compliance, the Indian government is reportedly considering extending the lower tax rate of 15 per cent for companies establishing new manufacturing units. As per reports, this extension is likely to be announced in the upcoming Interim Budget scheduled […]
Government
Manufacturing
National
News
States
India’s Manufacturing Market May Hit $1 Tn By 2025-26, Gujarat To Become Powerhouse
- by BW Retail World Bureau
- December 14, 2023
The manufacturing sector in India has been witnessing proliferating growth in investment, depicting a crucial phase in the country’s economic arena. As per the published dossiers by the Department for Promotion of Industry and Internal Trade (DPIIT), the manufacturing sector engrossed substantial Foreign Direct Investment (FDI), with FDI equity inflows tallying around USD 17.51 billion […]
Companies
News
About 68% Of 635 UK Firms In India Are MSMEs: Report
- by BW Retail World Bureau
- October 10, 2023
A total of 68 per cent of 635 United Kingdom (UK) companies in India are micro, small and medium enterprises (MSMEs), with 60 per cent having their parent headquartered in London, according to a joint report released by Grant Thornton Bharat and the Confederation of Indian Industry (CII) on Monday. In India, MSMEs form the […]
Government
News
States
Haryana Textiles Association To Invest Rs 2,000 Cr In Uttar Pradesh
- by BW Retail World Bureau
- September 29, 2023
The textile industry of Haryana is planning to shift its units to Uttar Pradesh and a delegation of the Haryana Textiles Association met the Uttar Pradesh Chief Minister Yogi Adityanath recently. According to an official statement released by the association, the textile industry is taking this step after being impressed with the improved law and […]
Food
Government
Health
News
FSSAI Recommends 5-Year Food Safety Licenses For Food Business Operators
- by BW Retail World Bureau
- August 25, 2023
The Central Advisory Committee (CAC) of the Food Safety and Standards Authority of India (FSSAI) has recommended that licenses to food business operators (FBOs) can be issued for up to five years instead of one year, FSSAI CEO G Kamala Vardhana Rao said in a statement. Kamala Vardhana Rao reviewed the status of sampling of […]
News
Alco-Beverage Industry Faces Complex Compliance Challenges: Report
- by BW Retail World Bureau
- July 12, 2023
TeamLease Regtech, a regulatory technology solutions company, has released its report titled ‘Simplifying Compliance Management for the Alco-Beverage Industry.’ The report provides an overview of the complexity of compliance and the challenges entrepreneurs and employers face in the alco-beverage industry. It also delves deep into the present regulatory framework and suggests actionable recommendations for enterprises […]
National
News
Trade
India Tops Global Trade Facilitation Survey
- by BW Retail World Bureau
- July 8, 2023
India is at the forefront of global trade facilitation efforts, with an impressive score of 93.55 per cent in 2023 vis a vis 90.32 per cent in 2021, as per the recently released United Nations Economic and Social Commission for Asia Pacific’s (UNESCAP) Global Survey on Digital and Sustainable Trade Facilitation. The 2023 survey covers […]
FSSAI Simplifies Food Safety Rules: BIS, AGMARK Certifications No Longer Mandatory
The government has approved several revisions to food safety and standard legislation, requiring only one certification from the food regulator FSSAI for food goods. The Food Safety and Standards Authority of India (FSSAI) would release a draft notification in this respect and solicit feedback from stakeholders before finalising the amendments. If these revisions are approved, […]