Key challenges
Lack of a National Retail Policy harmonising multiple laws governing the sector
Low consumption demand, further triggered due to pandemic, leading to reduction in investments
Frequent and sudden tariff & non-tariff barriers leading to supply chain disruptions, increasing costs and thus reducing demand
Inadequate physical, digital infrastructure affecting efficiencies in supply chain management
Industry ask
A National Retail Policy seeking alignment between sectoral policies and regulations
Retail sector is governed by multiple laws and regulations, including economic and product specific regulations like FSSA, legal metrology, Drugs and cosmetics etc. Further, there are disparities in interpretation and implementation at all levels of the government. Thus, the proposed National Retail Policy needs to focus on the aspect of harmonising the regulations impacting the sector, facilitating ease of doing business.
Infrastructure and Logistics development The National Logistics Policy is yet to be released. The plan should have clear action items on making logistics more efficient through an easing of processes, and a coordinated enhancement of logistics infrastructure in the country.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
More Stories
PM Modi says farmers should get more avenues to sell their harvest
Telecom auctions start today; 700 MHz premium may go unsold yet again
Business News | Stock and Share Market News | Financial News