Pranab Mukherjee

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...