Budget 2019: Retail sector roots for major reforms

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Budget 2019: Retail sector roots for major reforms

Feb 01, 2019 08:52 IST

A Deloitte report says the retail sector is pitching for major reforms in the upcoming interim budget. Analysts believe there’s an urgent need to provide a level playing field to small businesses and foreign investors for collaboration. It’s also increasingly important to push through with an immediate expansion plan of the organised retail sector to tier 2 and tier 3 cities. The sector also expects clarity on open issues such as, measures of ease of doing business and relaxations of non-compliance penalties.A detailed explanation on the benefits of tax reductions or input credits to be passed on to consumers under the anti-profiteering law will also be a welcome move.

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