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Budget 2024 for Fmcg Sector
What are the top expectations for the Fmcg Sector in the upcoming Interim Budget 2024-2025? Click on to financialexpress.com and get a comprehensive idea on our dedicated page Who Gets What. Navigate through a handy ready reckoner, meticulously crafted to provide a glance at previous Budgets declarations for the sector.
Budget 2024 Announcements for Fmcg Sector
Fmcg Sector
- FM Niramala Sitharaman did not specify anything related to the retail/FMCG industry during the Interim Budget 2024 speech.
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Budget Announcements for Fmcg Sector in FY2024
Fmcg Sector
- The creation of large producer enterprises, the economic empowerment of women, and an emphasis on the growth of handicrafts in rural regions would all contribute to economic growth, encourage rural consumption, and benefit consumer goods companies.
Budget Announcements for Fmcg Sector in FY2023
Fmcg Sector
- In Union Budget 2022-2023, there were no specific announcements regarding the FMCG and retail sector of corporate media.
Budget Announcements for Fmcg Sector in FY2022
Fmcg Sector
- An initiative of Rs. 40,000 crore towards development of rural infrastructure was announced.
- Another Rs. 10,000 crore initiative towards doubling of Micro-irrigation corpus was declared.
Budget Announcements for Fmcg Sector in FY2021
Fmcg Sector
- 0.01% payable by the seller on the sale of commodity derivatives based on its price or price index.
- 0.0001% payable by the buyer on the sale of an option in goods leading to goods delivery.
- 0.125% payable by the buyer on the sale of an option in goods resulting in cash payment.
Budget Announcements for Fmcg Sector in FY2020
Fmcg Sector
- Finance Minister Piyush Goyal announced assured income for small farmers.
- Notified 50% hike in minimum support price for all 22 crops cultivated by farmers.
- Notified 2% interest subvention for those engaged in animal husbandry.
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