T unveils retail draft policy
In a bid to cash in on the upbeat retail sector, the Telangana government on Friday unveiled its draft retail policy. The policy proposes to permit women employees to work beyond 10 pm after the employer has ensured all safety precautions at par with the service sector.It has mooted that retail enterprises be given an option for self-certification and filing of consolidated annual returns under various acts administered by the labour department.The draft policy was deliberated upon by the Telangana chief secretary Rajiv Sharma, industries department principal secretary Arvind Kumar and other top officials of the municipal administration and labour department in a meeting.”We will form an empowered committee at the state level to monitor the implementation of retail policy. We will make amendments to provide for gross and net metering for solar roof top or any other captive solar generation by units. This apart, we will encourage backward linkages by direct sourcing from the state farmers and provide necessary hand holding for technology and productivity improvement,” he added.According to a study by the Boston Consulting Group — Report 2020: Retrospect, Reinvent, Rewrite, the Indian retail industry is expected to double to $1 trillion from $600 million in 2015 mainly on account of urbanization and higher propensity of spending among youth.