Budget 2015: Few reasons to cheer for retail, FMCG sectors

The Budget did not have much for the retail, e-commerce or the consumer goods sectors. Apart from announcing a fund for a jobs scheme and encouraging cashless transactions, the Budget has largely ignored these sectors.

HITS:

1. Allocation of Rs 1,000 crore to create a Self-Employment and Talent Utilization (SETU) scheme to boost young entrepreneurs.
2. Replace multiple prior regulatory permissions with pre-existing regulatory mechanism to make clearances easier.
3. Incentivise credit or debit card transactions, and disincentivise cash transactions to move towards a cashless economy.
4. New law to curb black money.
5. Focus on skill development across ministries.