The central government has taken revolutionary action to improve retail, with the implementation of the National Retail Policy.This is the first time the retail sector is likely to make a comprehensive national policy declaration.A senior official said Monday that the government is working to bring national retail policy to brick and mortar retailers with the aim of promoting well-favored trade.
An officer in the center said accident insurance would be enforced for foot registered traders through G.S.T.
Retail Policy The Adi Valley will be equipped with improved basic comfort and more credit. Modernization of retail, digitization, modern basic comfort for commodity distribution, incentives for skills development, increase in worker productivity, complaint relief system enforcement.
Rules are being formulated by the Central Ministry of Commerce with the Department of Finance. It is said that retailers will be easily lent to lower interest rates.
India is the fifth largest retail sector in the world, and the government has taken steps to make policy to benefit not only e-commerce but also physical trade.( DPIIT ) Joint Secretary Sanjeev, Department of Industry and Internal Trade Promotion, said the policy would help traders provide better infrastructure and more credit.
He said the department is working to bring e-commerce policy for online retailers.“ We want to be coordinated between e-commerce and retailers ”, Sanjeev said at the FMCG and e-commerce conference.
The department is in the process of formulating an insurance plan for all retailers. He said the accident insurance plan would help small traders in the country, especially.
