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Time of India
28-07-2025
- Business
- Time of India
Retail trade policy unlikely; targeted intervention focus
New Delhi: The government is unlikely to come up with a National Retail Trade Policy and instead is expected to work on policy interventions to support retail trade. The Department for Promotion of Industry and Internal Trade (DPIIT) was developing the policy aimed at simplifying the licensing process and reducing the compliance burden in internal trade. Officials said interventions such as National Traders' Welfare Board , Open Network for Digital Commerce (ONDC) and upcoming Sahkar Taxi app would be the way ahead instead of an overarching policy. Explore courses from Top Institutes in Please select course: Select a Course Category CXO Data Analytics Product Management Design Thinking Data Science Leadership MBA Healthcare MCA Degree Others Management Digital Marketing others Project Management Data Science Finance Artificial Intelligence healthcare Cybersecurity Operations Management Public Policy Technology PGDM Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details "A policy is a bunch of interventions and in retail, a National Traders' Welfare Board is there and interventions like ONDC have supported local businesses, especially ride-hailing services," said an official. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo The draft National Retail Trade Policy had proposed a pension and accident insurance scheme for traders, a national common framework for development of the retail sector, easy and quick access to affordable credit, pan-India acceptance of licences issued by states, a centralised computerised inspection management system, deemed approvals and a single window clearance mechanism for making the process of acquiring all registrations, licences and clearances from multiple agencies seamless for retail traders. The National Traders' Welfare Board suggests simplifications in the Acts and Rules applicable to traders, lowering compliance burden. Live Events
India Gazette
21-05-2025
- Business
- India Gazette
National Retail Trade Policy must include grassroots participation: DPIIT
New Delhi [India], May 21 (ANI): The 6th meeting of the National Traders' Welfare Board (NTWB) was held on Tuesday at Vanijya Bhawan, New Delhi. During the meeting, the joint secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), Sanjiv, underscored the vital contribution of the retail trade sector to the Indian economy. He called upon the Board members to provide constructive and inclusive suggestions towards the formulation of the National Retail Trade Policy, with a particular emphasis on participation from the grassroots level. Chairman of the National Traders' Welfare Board (NTWB), Sunil J. Singhi, chaired the meeting and outlined several trader- and MSME-centric announcements from the Union Budget 2025-26, reiterating the Government's commitment to creating a conducive business ecosystem through simplification of regulatory processes, financial assistance, and infrastructure development. On this occasion, a special magazine titled 'Journey of the National Traders' Welfare Board' was released, documenting the Board's milestones, initiatives, and achievements since its inception. A key focus of the meeting was the 'Vocal for Local' initiative, which promotes indigenous industries and locally manufactured goods. Singhi urged all Board members to actively advocate for this initiative in their respective States and Union Territories. All members present took a symbolic pledge to act as ambassadors of the movement, thereby strengthening its reach and impact across the country. Singhi also emphasised the role of digital transformation in empowering India's small traders. He encouraged the adoption of digital platforms like the Open Network for Digital Commerce (ONDC), noting that such initiatives can significantly enhance market access and income opportunities for small retailers. Members were urged to support the onboarding of local traders onto such platforms to ensure their integration into the digital economy. The Chairman informed us that various representations from trade associations and board members had been forwarded to the concerned ministries and departments for appropriate action. He invited further suggestions to improve awareness and outreach of Government welfare schemes for the retail sector. The meeting was attended by non-official members nominated by the Central Government, representing Trade Associations and various States and Union Territories, along with ex-officio members from nine key Ministries and Departments of the Government of India. (ANI)
