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Tag: budget

Bigger indies ‘frustrated’ by Budget | News

This week, chancellor Rishi Sunak announced a £30bn package to help the economy get through the coronavirus outbreak. Among the measures was the suspension of business rates for businesses with a rateable value below £51,000 for a year. The chancellor pledged to make grants of £3,000 available to the 700,000 businesses that currently qualify for Small …

Bigger indies ‘frustrated’ by Budget | NewsRead More

‘More high street job losses ahead’ as budget cuts small firms’ rates | Business

A fresh round of high street bloodletting is expected after major chains, who are closing stores and shedding jobs, were overlooked by emergency business rates cuts. The government took the step of scrapping bills for small business owners including shops, restaurants and nightclubs in the coming year so their finances would be better able to …

‘More high street job losses ahead’ as budget cuts small firms’ rates | BusinessRead More

The Budget move that leaves Amazon, Flipkart sellers with less money in hand, Retail News, ET Retail

Bengaluru: The proposal to deduct tax at source from online merchants, announced in the Budget, could precipitate a working capital crunch for some of the largest sellers on India’s top two ecommerce marketplaces Flipkart and Amazon. Cloudtail and Appario that sell on Amazon, as well as RetailNet India, Tech-Connect Retail and Omni Retail that sell …

The Budget move that leaves Amazon, Flipkart sellers with less money in hand, Retail News, ET RetailRead More

The Budget move that leaves Amazon, Flipkart sellers with less money in hand, Retail News, ET Retail

Bengaluru: The proposal to deduct tax at source from online merchants, announced in the Budget, could precipitate a working capital crunch for some of the largest sellers on India’s top two ecommerce marketplaces Flipkart and Amazon. Cloudtail and Appario that sell on Amazon, as well as RetailNet India, Tech-Connect Retail and Omni Retail that sell …

The Budget move that leaves Amazon, Flipkart sellers with less money in hand, Retail News, ET RetailRead More

Budget 2020: Global furniture, footwear brands hit by custom duty hike

In bad news for global furniture and footwear brands like Swedish home furnishing multinational IKEA that aim to expand in India, the government on Saturday announced a raise in customs duty on imported footwear to 35 percent from 25 percent and on furniture goods to 25 percent from 20 percent. The news comes at a …

Budget 2020: Global furniture, footwear brands hit by custom duty hikeRead More

India Inc reacts to Budget 2020

“We welcome the amendment made by the government to boost domestic manufacturing and attract large investments in the electronics value chain. CEAMA is committed to promoting indigenous manufacturing of appliances and consumer electronics in the country and the announcements in this budget shall provide the necessary boost to the ‘Make in India’ initiative. The scheme …

India Inc reacts to Budget 2020Read More

Amazon, Flipkart may approach govt for clarification on Budget proposal, Retail News, ET Retail

New Delhi: Amazon India and Flipkart are studying the Budget proposal on levy of one per cent TDS, and may reach out to the government for clarifications. “We are studying the details, and will reach out to the government for clarifications. We hope the tax regime is simple and uniform so that millions of small …

Amazon, Flipkart may approach govt for clarification on Budget proposal, Retail News, ET RetailRead More

Budget 2020: Wishlist of Indian retail titans

“India’s policy and economic environment is undergoing major changes. The Consumer Electronics and Appliance industry is also facing multi-pronged challenges. The penetration level for durables has traditionally been low in India. Currently, the penetration levels stand at 33 percent for refrigerators, 12 percent for washing machines, followed by air conditioners at 5 percent and Television …

Budget 2020: Wishlist of Indian retail titansRead More