Kamal Nath
Retail
SMR Act proposed for small retailers
The Confederation of All India Traders (CAIT) has demanded that on the patterns of MSME (micro, small and medium enterprises), the government should have an act to protect small and medium retailers.
Calling the proposed act as ‘Small and Medium...
Retail
Organised retail to help agri food sector grow: Kamal Nath
“The infrastructural growth in the agri and food sector in the country, in the coming years, is going to be helped by the growth of organised retail,” said Kamal Nath, the union minister for commerce and industry.
Speaking at the...
Retail
No FDI: Expected decision at unexpected time
“Almost 97 per cent of the retail business is unorganised, and nothing will be done that can lead to job loss or have an adverse impact on those involved in this sector,” was a simple statement that Union Commerce...
Retail
No FDI in retail: Kamal Nath
Union Commerce and Industry Minister Kamal Nath said that no foreign direct investment (FDI) will be allowed in the retail sector, and the government is open to reviewing the Special Economic Zones (SEZ) Act if needed.
He said that the...
Retail
Kamal Nath supports import duty cut for luxury items
“Luxury is not a product, but an emotion that has aspirers and admirers. India will be a huge market for luxury goods and it will engage the world in terms of globalisation,” said Union Commerce and Industry Minister Kamal...
Retail
Import duty on luxury goods to be rationalised
The government of India is expected to rationalize the import duty to check revenue losses that are incurred when an Indian buys such products in foreign markets.
"India has high tariffs and we recognise that if you go abroad and...
Retail
Smaller retailers should be protected: Commerce minister
“Smaller retail shops should be protected from being abolished,” stated Union Commerce Minister Kamal Nath. Defending India’s policy on retail FDI, he added: “We need to see that the policy does not dislocate small retailers.” The minister was addressing...
Retail
Farmers not benefiting from onion exports — admits government
The government admitted that benefit of onion exports was not reaching the farmers even though the price of the commodity had been brought under control after a sharp rise some months ago.
"Farmers are not seeing the benefit of exports....
Retail
Coir industry seeks central government’s intervention
In the wake of the rupee’s appreciation against the US dollar, the Indian coir and coir products exports industry sustained a loss of Rs 56.62 crore between April and October this year. The net unit value loss was pegged...
Retail
India-ASEAN to hold talks on free trade pact
India and Southeast Asian nations are set to engage each other in detailed negotiations tomorrow in Singapore, to seal a free trade pact before their top leaders meet for summit-level talks later this week. Prime Minister Manmohan Singh, who...
- Advertisement -
Latest News
The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
- Advertisement -
