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Friday, 5 February 2016
Budget 2016: Tax easing to bring cheers to FMCG sector
The fast moving consumer goods (FMCG) sector, one of the prominent contributors to India's Gross Domestic Product (GDP) annually, has been witnessing challenging times in the current fiscal year on account of several factors including weak monsoons, declining commodity prices, intense price competition, etc. The government has taken certain steps to encourage investment by relaxing license rules and easing conditions of foreign investment regulations in the space.
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The fast moving consumer goods (FMCG) sector, one of the prominent contributors to India's Gross Domestic Product (GDP) annually, has been witnessing challenging times in the current fiscal year on account of several factors including weak monsoons, declining commodity prices, intense price competition, etc. The government has taken certain steps to encourage investment by relaxing license rules and easing conditions of foreign investment regulations in the space.
Reliance Communications- Moody’s revises rating to Ca from Caa1, Fitch revises rating to RD from CCC
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