Home / Knowledge / News / Textiles / Agriculture focused Budget, Govind Shrikhande

Agriculture focused Budget, Govind Shrikhande

Mar '07
Here's the quote on Budget 07-08 from Govind Shrikhande, Customer Care Associate and CEO, Shoppers' Stop Limited:

“This is definitely an Agriculture Focused Budget, with focus on Agriculture Cultivation, Seed Improvement, Irrigation. These measures should definitely result in Increasing Agricultural Productivity & availability in the long term, thereby impacting Inflation.

It is also showing a Marked Improvement in outlay on Education, Health, Rural Employment & Rural Insurance for poor. Along with the Agriculture Initiative, this should definitely boost the economy of Rural India.

On the Consumer Side, the reduction in Peak Customs Duty, CST, duty on Gems & Jewellery should have some impact on Retail Prices Marginally. The Dividend Distribution Tax Increase & Education Tax Increase will Further Reduce Corporate Profitability. MAT on IT Companies will also impact profitability.

For the Retail Industry there are No Positive Signals. In fact Service Tax on Rentals, would further impact the Occupation Cost. There is no announcement on FDI, Octroi, Input Costs Reduction for VAT. With Increase in Cement Prices, Construction Cost will go up Further.

The Finance Minister also made a Comment that the Industry should be left alone. He has exactly done that!!!”

Shopper's Stop Limited

Must ReadView All

Pic: Shutterstock

Textiles | On 27th Oct 2021

US reaches multi-country agreement on Digital Services Taxes

The US has reached an agreement with Austria, France, Italy, Spain...

A portion of globe showing location of Myanmar in Asia. Pic: commons.wikimedia.org/ Valegos Mangenuit

Textiles | On 27th Oct 2021

Myanmar heading towards economic crisis

The southeast Asian nation of Myanmar, which saw military junta...

Pic: Shutterstock/I Love Coffee dot Today

Apparel/Garments | On 27th Oct 2021

Cambodia’s garment exports up by 11.4% in Jan-Sept 2021

Cambodia exported $8.2417 billion worth garments between January and...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor customises her own pair of...

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Thomas Ong P S, NanoTextile

Thomas Ong P S

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

October 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search