fdi imapct in rural market
DESCRIPTION
the ppt is about imapct of FDI In rural ratail market and storesTRANSCRIPT
FDI IN RETAIL
THINGS TO REMEMBER -
Before we go ahead, we should keep certain basic facts in our mind.
We are a country with huge population out of which majority are
unprivileged and Below Poverty line.
We are people with tradition, culture and ethics.
In our country it is very difficult to get alternate employment.
Our survival is because of our collective strength.
The Govt. policies have been Anti Growth oriented for TRADERS.
The Traders Voice is not heard by decision makers.
In fact Traders have no representation in Govt.
LICENCES & PERMITSINDUSTRIAL DISPUTE ACTSHOP & ESTABLISHMENT ACTCOSUMER PROTECTION ACTWEIGHT & MEASUREMENT ACTPACKAGING ACTPREVENTION OF FOOD ADULTRATION ACT PREVENTION OF BLOCK MARKETING ACT
ANTI HOARDING & PROFEELING ACTMONEY LENDING ACTPRODEND FUND ACTMINIMUM WAGES ACTESI ACTGRATUITY ACTBONUS ACT
INEFFICIENT LABOURS
PRESENT CONDITION OF TRADERS
INSPECTOR RAJ
POLITICIAL INTERFERANCE
ANTI SOCAL ELEMENTSWATER TAX
POWER PROBLEM
HIGH BANK CHARGES
OCTROI
SERVICE TAX
WELTH TAX
PROFESSIONAL TAX
INCOME TAX
ENTRY TAX
VATSTAMP DUTY
POOR MARKET CONDITION
PURCHASE TAX
ESSENTIAL COMMODITIES ACT
CENTRALEXCISE
FDI in Retail Trade
Fringe Benefit Tax
Cash Transaction Tax&
Quarterly ‘C’ Form
Sales tax
RETAIL TRADE : BACKBONE OF ECONOMY
Retail trade is world’s oldest business.
Retail trade consists of sale of goods & services to consumers for their personal,
family or household use.
Based on turnover and volume, retail trade is worlds biggest economic activity.
In the year 2000, world turnover in retail trade is estimated around Rs. 3,10,20,000
corers.
In India by investing nominal Capital a person can start retail business.
In India Retail shops are generally owned and run by family. The whole family gets
self employed.
WHAT IS EXACT FDI IN RETAIL ?
51 % FDI allowed in single-brand formats
100 % FDI in cash-and-carry format
NO FDI in multi-brand stores ( like Wal-Mart)
Trends indicate that the FDI would open up in retail
sector,
However political consensus has to be reached before that
happens
CONTRACT FARMING
COLLECTION OF AGRICALTURE PRODUCTS
TO OWN FACTORY
TO OWN DEPT. STORE
TO CUSTOMER
We all are
BENEFITS
Benefits of FDI in RetailInflow of investment and funds.Improvement in the quality of employment.Increased local sourcing.Provide better value to end consumers.Investments and improvement in the supply
chains and warehousing.Franchising opportunities for local
entrepreneurs.Growth of infrastructure.Cost reduction.Implementation of IT in retail.
DRAW BACKS
Drawbacks of FDI in RetailWould give rise to cut-throat competition
rather than promoting incremental business.Promoting Cartels and Creating Monopoly.Increase in the Real Estate Prices.Marginalize domestic entrepreneurs.The financial strength of foreign players
would displace the unorganized players.Absence of proper regulatory guidelines
would induce unfair trade practices like Predatory