World Business News

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Indian Government extends excise sop for consumer sectors

Zone(s): India ¦ Sector(s): Trade, Economy
[26 June 2014, The Times of India]  New Delhi, India:  The Indian government on Wednesday extended excise duty cuts by six months in an effort to provide relief for the beleaguered automobile, consumer durables and capital goods sectors and revive demand in the economy, which is battling a slowdown.  The extension of duty relief up to December is likely to ensure that prices of cars, two-wheelers, mobile phones and other consumer durables are maintained at the current levels and may help trigger demand. The NDA government has vowed to revive growth and boost confidence after it swept to power on the promise of rescuing the economy.

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