Electronics industry pitches for higher taxes on imports.

With barely a week left for the Budget, the fast-moving consumer goods and appliances industry have high hopes pinned on it. The Budget will most likely be an interim one, considering that it would centre around the common man's needs, consumers, consumption and measures including rekindling of investments ahead of the general elections. "It is very obvious for an FMCG player like us - the Budget needs to mean higher purchasing power for the consumers. Also, a reduction in income tax slabs will bolster the FMCG sector. The rural FMCG sector is also expected to witness a boost due to increased government spending. More money in consumer's pockets reinforces the FMCG sector," said Sahil Gilani, director (sales...