CONSUMER GOODS

  • Budget 2014: What's cheaper, what's dearer July 10, 2014

    New Delhi: Finance Minister Arun Jaitley on Thursday spared the common man from price hikes by keeping duties on commonly used daytoday items unchanged but made it costlier for smokers and tobacco consumers with a steep increase in excise rate in tax proposals in Budget 201415. Following is a list...
  • SBI slashes interest rates on car, consumer goods loans October 9, 2013

    State Bank of India (SBI) on Wednesday reduced interest rates on loans for car and consumer durables and also decided to lower processing charges to cash in on the festival season demand. SBI is the fourth bank after PNB, OBC and IDBI Bank to offer special interest rates for loans to...
  • RBI bans zero per cent interest rate scheme for purchase of consumer goods September 25, 2013

    The RBI on Wednesday banned zero per cent interest rate scheme for purchase of consumer goods, a move intended to protect customers but may dampen the festive spirit. The central bank has also said that no additional charges can be levied on payment through debit cards. "In principle, banks should not resort...
  • Budget 2011: FMCG firms want viable taxation February 24, 2011

    Mumbai: India's fast moving consumer goods industry is hoping the upcoming budget will bring in concrete measures to tame spiralling inflation and viable tax structure to ensure continued growth. The 130billionrupee industry, which is the fourth largest sector in the Indian economy, has been reeling under the pressure of surging input...
  • Consumer goods sector unhappy with Budget March 4, 2008

    New Delhi: This year's populist Budget has offered a two per cent cut on excise duty on the consumer durables industry. However, this may not be prove to be too beneficial. The Finance Minister has admitted to a slowdown in the consumer goods/durables sector. "I am forewarned there could be a slowing...