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Pranab Mukherjee

Partial excise rollback fails to bring relief

Referring to the 10 per cent excise levy on the branded apparel, Finance Minister Pranab Mukherjee has now proposed a revised 10 per cent excise duty on 45 per cent of the MRP for all the branded apparel, instead...

Retailers to protest excise duty on branded apparel

Unhappy with Finance Minister Pranab Mukherjee's proposal to levy a mandatory 10 per cent excise duty on branded clothing, garment retailers, including Pantaloons, Shoppers Stop, Westside, Manyavar, Madura Garments, Provogue, Pepe and Killer, have decided to remain shut on...

No FDI for retail in FM’s ‘safe’ budget

Even as the modern retail sector in India was awaiting an announcement on further liberalising the country's foreign direct investment policy, the Union Budget for FY 2011-12, presented in Parliament by Finance Minister Pranab Mukherjee on February 28, played...

Scheme for textile workers

Union Textiles Minister Dayanidhi Maran has launched a new scheme to improve the skills of workers in the various segments of the textile industry. To begin with, the ministry plans to improve the skills of 2.56 lakh workers at...

Duty Drawback Rates

The Apparel Export Promotion Council (AEPC) said that the industry is deeply disappointed by the 15 percent reduction in duty drawback rates. In the Union Budget for 2010-11, there was a sharp increase in duties on most input materials...

Union Budget pushes GST rollout to April 2011

A day ahead of Union Budget the markets were tepid, the sensex closed trading at 16254.20 (plummeted by 1.77 points). But soon after the first post slowdown Union Budget was tabled the Sensex and Nifty closed trading at 16429.55...

IT relief offset by stimulus rollback: Budget 2010

The immediate reaction to the Union Budget 2010 presented by Finance Minster Pranab Mukherjee has been positive. The Sensex and Nifty registered sharp spikes, while most analysts called it a ‘balanced’ budget.The standout feature of Budget 2010 for common...

Long wishlist of retailers for Union Budget

The retail fraternity has higher expectations from the upcoming Union Budget 2010, which is going to be tabled on February 26 by Pranab Mukherjee, finance minister, India. The recent economic slump did paralyse many sectors including retail industry but...

Union Budget 2009-10 to boost rural consumption

In his Union Budget presentation earlier this month, India’s Union Finance Minister (FM) Pranab Mukherjee underscored the urgency of reviving growth, by identifying that the country’s immediate economic challenge is to return to nine per cent GDP growth, failure...

Union Budget 2009-10 rocks for rural

Most rural markets – and consumers – have remained insulated from the ongoing global meltdown. The Indian rural market particularly, with its vast size and demand base, offers a huge opportunity that long-term strategists cannot afford to ignore, even...
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The Luxottica report card for 2022

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