GST, demonetisation reset India’s FMCG distribution business in 2017

Dual disruptions caused by demonetization and the implementation of the Goods and Services Tax (GST) have permanently changed the way India’s largely unorganized and fragmented consumer goods distribution network operates. Distributors are struggling with a higher compliance burden and associated costs and have trimmed inventory levels, according to industry executives and distributors. While discontinuation of […]

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Mukesh Ambani backs demonetisation, says will enhance credit flow

Mukesh Ambani says with demonetisation move the government has been brought all unproductive money into productive use. Photo: Mint Mumbai: India’s richest tycoon Mukesh Ambani on Thursday threw his weight behind Prime Minister Narendra Modi’s demonetisation move, saying in a single stroke all unproductive money has been brought into productive use. Announcing extension of free […]

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