Consumers

Trump tariffs may cost firms $1.2 trn, consumers to bear burden: S&P Global

S&P Global report states that two-thirds of the total additional cost will be passed on to the consumers via higher prices, while one-third ($315 billion) is absorbed internally through lower earnings

Learn from IBM's communication stalwart

In this episode Tuhina Pandey, Director APAC Communications & Marketing, India and South Asia, IBM, talks about opportunities and challenges in marketing communications and gives career advices >

Govt asks firms to share revised prices after GST reductions for consumers

The said list will be displayed on the official GST website, thereby helping consumers to see the relief they can expect as the next generation GST reforms are set to kick in on September 22

Consumer industry executives ask government to monitor price changes

Industry bodies highlight issues in GST implementation, seek further clarity

Indian retail sector to reach $1.93 trn by 2030: Deloitte-FICCI report

According to the report, the quick commerce segment is projected to reach $35 billion in Gross Merchandise Value (GMV) by 2030

Govt bans 25 OTT platforms including Ullu, ALTT for explicit content

MIB blocks platforms like Ullu, Desiflix and Big Shots citing violations of IT Act, Bharatiya Nyaya Sanhita and Indecent Representation of Women law

Snabbit raises $19 mn to expand on-demand home services across India

Backed by Lightspeed, Elevation, and Nexus, the startup aims to enter 200 micro-markets and build a tech-enabled platform for rapid household services

Govt tells e-commerce firms to audit dark patterns, submit yearly reports

DoCA directs e-commerce platforms to conduct annual dark pattern audits and file reports, as govt plans stricter oversight and collaborative enforcement

Fear of Trump's trade war sends US consumer sentiment plunging

US consumer sentiment plunged in April, the fourth consecutive month of declines, in a seemingly sharp rebuke of President Donald Trump's trade wars that have fuelled anxiety over possible job losses and rising inflation. The preliminary reading of the University of Michigan's closely watched consumer sentiment index, released Friday, fell 11 per cent on a monthly basis to 50.8, the lowest since the depths of the COVID-19 pandemic. Over the past year, sentiment has tumbled 34 per cent. The decline was pervasive and unanimous across age, income, education, geographic region, and political affiliation, said Joanne Hsu, director of the survey. The share of respondents expecting unemployment to rise in the coming months increased for the fifth straight month and is now the highest since 2009 during the Great Recession. While consumer sentiment is not always a reliable indicator of the overall economy, it has at times reflected shifting vibes in how the public feels about presidential .

CM Abdullah extends power amnesty scheme for domestic consumers in J&K

Jammu and Kashmir Chief Minister Omar Abdullah announced on Thursday the extension of the power amnesty scheme for domestic consumers but stressed that frequent waivers are unfair to those who pay their bills on time. This marks the third time in the last three years that the J&K government has introduced the power amnesty scheme for domestic consumers. Responding to demands regarding the power department's grants in the assembly, Abdullah said, "We have decided to extend the amnesty scheme by another year, but this will come with some changes." The chief minister emphasised that frequent waivers are unfair to those who pay their bills on time, and said "giving repeated amnesties like this is not advisable. It would be unjust to those who pay their power bills on time." Abdullah said that this is the seventh extension, adding, "I will not grant any more amnesty to domestic consumers in the future. We will make sure of that." He further remarked, "We have provided amnesty multiple

Forum to fight for retail consumers is critical: FREED's Ritesh Srivastava

With the RBI's intervention by way of risk weighting, retail credit growth has slowed down to around 16.3 per cent year-on-year as of late November 2024

China to boost household income with direct support, social security steps

Policymakers are weighing inclusion of more products in high demand and with potential for replacement in the scheme, as this programme had a "very good" effect this year, it added, without stating

Consumer commission pulls up Flipkart over complaint about product quality

The complainant, a resident of Goregaon, said she had bought 13 small plastic containers of an health drink mix for Rs 4,641 from Flipkart in October 2023

Painful policy choices loom after China's monumental consumer stimulus plan

China's household spending is less than 40 per cent of annual economic output, some 20 percentage points below the global average

Govt invites applications to fill 2 posts in NCDRC, sets Oct 16 as deadline

The government on Friday invited applications to fill up two vacancies for the post of members in the National Consumer Disputes Redressal Commission (NCDRC). NCDRC is a quasi-judicial body established under the Consumer Protection Act, 2019. The Commission is headquartered in New Delhi. The Union Ministry of Consumer Affairs has invited applications only through online mode. Applicants can apply from September 17, onwards through jagograhakjago.gov.in/ncdrc, an official statement said. The deadline for submission of applications is October 16 this year, it added. A search-cum-selection Committee, constituted under the Tribunal Reforms Act 2021 for recommending names for appointment to the said post, will scrutinize the applications. The qualifications, eligibility, salary and other terms and conditions of the appointment of a candidate will be governed by the provisions of the Tribunal Reforms Act and the Tribunal (Conditions of Service) Rules, 2021. The final selection will be

China needs more than 'incremental' consumer measures for long-term growth

Trade tensions and local government debt risks leave Beijing few alternatives to revving up consumer stimulus

Will rural consumers roar?

There are many changes happening that should help big FMCG brands reach rural consumers

Rising disposable income a big opportunity for us: AABL's Tushar Bhandari

Associated Alcohol Breweries Ltd (AABL), one of the leading distilleries in India, is strategically targeting the evolving preferences of new-age consumers

4 shocks pushed up prices, led to supply disruptions and price reactions

Easing inflation, a smaller fiscal deficit and a turn in US Federal Reserve's policy rates create grounds for policy rate cuts in India

A voice for consumers

Ombudsman for aviation sector a good move