FMCG players now peg slowdown in sales growth since November 8 at around 25-30 percent, report CNBC-TV18's Priya Sheth and Ritu Singh. Marico, for instance, says its revenue target of Rs 10,000 crore may not be achievable by 2020.
Jayant Sinha, Minister of State for Finance, said the government is working with the opposition to try and arrive at a consensus on GST and is hopeful of getting the bill passed in the Winter Session of the parliament.
CLSA's senior economist, Rajeev Malik, tells CNBC-TV18 that RBI is not going to be dovish in the upcoming policy meet on April 17. He expects RBI to deliver a rate cut this time. Speaking to the channel, he says that the market will however have to scale down expectation of the quantum of rate movements in FY13.