-The Indian Express The certainty that producers once enjoyed — of finding buyers for their wares without doing much beyond minor price adjustments to bring supply and demand into equilibrium — has ceased to exist. India traditionally never had a demand problem. On the contrary, its economy was always supply-constrained. Proof of no demand paucity is that between 2000-01 and 2015-16, domestic consumption of both finished steel and cement roughly trebled, from...
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2 lakh laid off in last 3 months by auto dealers, says FADA
-PTI Job cuts may affect technical staff too, says dealers’ association Around two lakh jobs have been laid off across automobile dealerships in the country in the last three months as vehicle Retailers attempt to tide over the impact of the unprecedented sales slump, according to industry body FADA. With no immediate signs of recovery, the Federation of Automobile Dealers Associations (FADA) fears that the job cuts may continue with more showrooms being...
More »Retail inflation inches up in June even as industrial growth slows down in May
-The Hindu Business Line A surge in the prices of meat, fish and pulses pushed the rate of Retail inflation a tad higher to nearly 3.2 per cent in June. Meanwhile, industrial production still seems to be in the slow lane, with 3 per cent growth in May. Rate cut possibility These two indicators will play a key role in the monetary policy review to be undertaken by the Monetary Policy Committee (MPC)...
More »CPCB pulls up 52 firms over handling of waste -Jacob Koshy
-The Hindu They have not set collection targets The Central Pollution Control Board (CPCB) has pulled up 52 companies — including Amazon, Flipkart, Danone Foods and Beverages and Patanjali Ayurved Limited — for not specifying a timeline or a plan to collect the plastic waste that results from their business activities. The Plastic Waste Management Rules, 2016, (which was amended in 2018) prescribed by the Union Environment Ministry, says that companies that use...
More »Retail policy put on fast track
-The Telegraph The commerce ministry has also formed a committee to address the concerns of stakeholders on the draft e-commerce policy The government plans to come out with a draft national Retail policy in the next 10 days amid strong opposition among small traders over the rapid expansion of online Retail, led by multinationals, even as they grapple with the computerisation of their operations. The commerce ministry has also formed a committee to...
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