The Face of Vibrant Bharat, Shriyans Bhandari has been on a mission to put #footwear on every foot in India. In partnership with Grant Thornton.
https://www.moneycontrol.com/news/business/any-idea-can-work-if-you-put-effort-and-soul-into-it-shriyans-bhandari-of-greensole-6675191.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/any-idea-can-work-if-you-put-effort-and-soul-into-it-shriyans-bhandari-of-greensole-6675191.html?utm_source=telegram&utm_medium=social
Moneycontrol
Any Idea Can Work If You Put Effort And Soul Into It: Shriyans Bhandari Of Greensole
The Face of Vibrant Bharat, Shriyans Bhandari has been on a mission to put a footwear on every feet in India
Footwear has become costlier in the #NewYear following an increase in the #GST rate for products below Rs 1K and higher raw material prices. Manufacturers & retailers anticipate a drop in demand for #footwear, reports PK Krishnakumar.
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https://www.moneycontrol.com/news/business/economy/increase-in-footwear-prices-may-lead-to-drop-in-demand-hurt-manufacturers-7897791.html?utm_source=telegram&utm_medium=social
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Moneycontrol
Increase in footwear prices may lead to drop in demand, hurt manufacturers
Higher tax rates and raw material costs may hurt small manufacturers of footwear, which form the largest chunk of the industry
Holding a press briefing today, CAIT & IFA argued that nearly 85% of consumers use #footwear costing less than Rs 1,000, therefore any increase in #GST tax rate will directly fall on #consumers.
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https://www.moneycontrol.com/news/business/economy/cait-ifa-urge-government-to-roll-back-gst-rate-on-footwear-to-5-8330251.html?utm_source=telegram&utm_medium=social
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Moneycontrol
CAIT, IFA urge government to roll back hike in GST rate on footwear
As of January 1, 2022, the effective GST rate on footwear costing below Rs 1,000 has been raised from 5 percent to 12 percent, while the rate for footwear costing above Rs 1,000 was rationalised to 12 percent, down from 18 percent.
#Business | 📈 Govt's PLI scheme overhaul: Quarterly disbursals, new sectors like toys, footwear, chemicals, vaccines considered. Electronics sector to get a new PLI scheme. 📄
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https://www.moneycontrol.com/news/business/pli-scheme-overhaul-plan-includes-quarterly-disbursals-addition-of-vaccines-chemicals-12764339.html
#EconomicBoost #PLIScheme #Footwear #Chemicals #Electronics
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https://www.moneycontrol.com/news/business/pli-scheme-overhaul-plan-includes-quarterly-disbursals-addition-of-vaccines-chemicals-12764339.html
#EconomicBoost #PLIScheme #Footwear #Chemicals #Electronics
Moneycontrol
PLI scheme overhaul plan includes quarterly disbursals, addition of vaccines, chemicals
The government is also mulling bringing new sectors into the fold of the incentive-linked plan such as toys, footwear, chemicals, and vaccines. Apart from this, there are plans to bring in another PLI scheme for electronics.