The reduced allocation to the UPA government’s flagship rural programme NREGA could see revenue growth in the FMCG sector falter. Consumer staples firms have been relying on rural demand growth to bolster their top line but the reduced allocation to the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGA) for the financial year 2012-13 could see growth in FMCG sales in rural areas being crimped feel industry experts. Finance minister Pranab...
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Rural retail sees fall in demand by Ajay Modi
Hariyali Kisaan Bazaar, India’s biggest rural retail chain by sales, which operates 230 stores across eight states and had seen good growth in the past two years, said it had seen a fall in rural demand in the past two to three months. A drop in prices of potatoes, onions and some other vegetables, leading to low realisation for farmers, and an increase in cost of fertiliser, are reasons for these...
More »Should LIC invest in tobacco firms: NGO
-The Times of India Should government-run companies invest in tobacco firms? This is the question that Voices of Tobacco Victims (VoTV), an NGO working for cancer patients, has raised after its recent query under the RTI Act revealed that the Life Insurance Corporation of India has invested up to Rs 3,500 crore in various tobacco companies. "It's the greatest irony that the government spends Rs 10,000 crore on treatment of tobacco-related illnesses...
More »India ranks worst in diversity study by Malvika Chandan
India is the worst among the six top Asian economies when it comes to the representation of women in the workforce at junior and middle-level positions, according to the Gender Diversity Benchmark for Asia 2011 report. “It performs only slightly better than Japan at senior level positions,” said the report released by Community Business, a non-profit organization focusing on diversity and inclusion in Asia. The report surveyed women at different levels across...
More »Rural India spending more on FMCG and services: NSSO
-The Economic Times Rural Indian households are spending more on consumer goods like durables, beverages and services than five years ago, shows the latest expenditure data that debunks the notion that rapid growth in recent years did not benefit the hinterlands. The household consumer expenditure survey for 2009-10, released by the National Sample Survey Office ( NSSO )) on Friday, shows rising real spending in rural areas, even though it...
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