COUNTRYWIDE DHARNA
31102014
COUNTRYWIDE DHARNA STAGED TODAY BY OFFLINE RETAILERS ON ONLINE RETAIL FIASCO
STRONG DEMAND OF FORMATION OF RULES & REGULATIONS & REGULATORY AUTHORITY
STRONG DEMAND OF FORMATION OF RULES & REGULATIONS & REGULATORY AUTHORITY
In their first major show of resentment and anguish over current fiasco on online retail business, the offline traders across the Country staged series of Dharna today at more than 150 cities in different states of the Country led by a Dharna at Jantar Mantar at New Delhi. The series of Dharna was held under the umbrella of the Confederation of All India Traders (CAIT) demanding investigation into business modules of online retail platforms and their pricing mechanism and formation of a regulatory authority to regulate and monitor all sorts of retail trade in India.
The Dharna, held in the wake of unrealistic discounts offered by online retailers in the just-concluded Diwali festival was held in Mumbai, Chennai, Hyderabad, Bangalore, Calicut, Cochin, Kolkata Chandigarh, Lucknow, Nagpur, Baroda, Kanpur, Dehradoon, among other places. In Delhi, beside large number of other organizations’, the Dharna was prominently joined by Delhi Mobile Dealers Association, Delhi Computer Dealers Association, All India Distributors Association, Consumer Electronics Traders Association, Book Publishers Association etc.
Addressing protestors at New Delhi, CAIT Secretary General Mr. Praveen Khandelwal said that business of offline retail was down by at least 45% because of the predatory pricing mechanism and non-transparent & unchecked business practices adopted by e-retailers. There has to be a law for conducting any format of trade in the County and therefore like US, UK, China & European Countries where they have established Rules & Regulations for e-retail, India too must have specific Act, Rules & Regulations for E Commerce business in India-said Khandelwal.
In USA, E Commerce business is regulated through Federal Trade Commission and in UK, the E Commerce business is regulated through Electronic Commerce (E C Directive) Regulations, 2002 whereas in European Union it is regulated via EU Electronic Commerce Directive. In such a situation, the Government must immediately formulate Rules & Regulations for Indian E Commerce Business. China too has various rules & regulations to keep a check on e retail business.
Not only the offline trade but entire India Uninc comprising of Traders, Transporters, SMEs, Truck Operators, Farmers, Hawkers, Cooperative institutions and Consumers will be motivate to join hands together to demand cleaning operation of E Commerce in India. The CAIT has convened a meeting of senior officials of Brand Companies in Mobiles, Consumer Electronics, FMCG, Computers & other segments, on forthcoming 5th November at New Delhi since their respective brand image is also being affected and the long established confidence between Companies & the offline retailers is at stake-said CAIT.
We are neither against online retail format of trade nor against any online retailer but the business practices of online retailers are dicey having no Government check, unfair, unhealthy and against all business norms thereby creating an uneven level playing field which is badly affecting the offline trade and that is why we are demanding Rules & Regulations for entire retail spectrum of the Country-said Mr. B.C.Bhartia, CAIT National President.
Brick and mortar stores have to pay numerous taxes and undertake large-scale paper work, while e-retailers are registered in one state and making deliveries across the country, causing revenues losses to states, where they are not registered. Under the present structure, the business executed through online retail remains unchecked. No tax authority of any State could firmly say up to what extent the goods are being consumed in their respective State through online retail. Therefore, a check of taxation authorities is more necessary like offline trade.
It is most astonishing and surprising that loss making companies are offering huge discounts and yet financers including business tycoons are advancing finances to them on a large scale. It can happen only in India and that too in online retail trade-said CAIT. Certainly, it creates a doubt as to why the financers are more interested in financing entities which are running in losses? Obviously, there could be some hidden reasons-said both Mr. Bhartia & Mr. Khandelwal.
Delhi State President of CAIT Mr. Ramesh Khanna said that CAIT seeks constitution of a Special Task Force of taxation experts to examine the compliance of taxation obligations of e-retailers and to study whether there is any tax avoidance. CAIT also wants the Centre to set up a joint committee of senior officials and stakeholders to study the impact of online retail business on offline markets in addition to constituting a Board of Internal Trade for development of business avenues in domestic trade and its empowerment and to upgrade and modernize the existing retail trade.
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Recent Amendments in the FDI policy on the Construction Development
31102014
In line with the Budget announcement of the Government, the Union Cabinet gave its approval for amending the existing Foreign Direct Investment (FDI) policy on the ‘Construction Development Sector’.
The measures taken by the Union Government are expected to result in enhanced inflows into the Construction Development sector. Given the shortage of land in and around urban agglomerations as well as the high cost of land, the measures are likely to attract investments in new areas and encourage development of plots for serviced housing. The measures are also expected to result in creation of much needed low cost affordable housing in the country and development of smart cities.
The amendments in the FDI policy, contained in the Consolidated FDI Policy Circular 2014 are as follows:
1) 100% FDI under automatic route will be permitted in the construction development sector.
2) Investment in the Construction Development Sector will be subject to the following conditions:
(a) Minimum area to be developed under each project would be:
1) In case of development of serviced plots, there is no condition of minimum land.
2) In case of construction-development projects, a minimum floor area would be of 20,000 sq. meters.
3) In case of a combination project, any one of the above two conditions will need to be complied with.
(b) The investee company will be required to bring minimum FDI of US$ 5 million within six months of commencement of the project. Subsequent inflows of FDI can be brought till the period of ten years from the commencement of the project or before the completion of the project, whichever expires earlier.
(c) The investor will be permitted to exit on completion of the project or after three years from the date of final investment, subject to development of trunk infrastructure.
(d) The Government may, in view of facts and circumstances of a case, permit repatriation of FDI or transfer of stake by one non-resident investor to another non-resident investor, before the completion of the project. These proposals will be considered by FIPB on case to case basis.
(e) The project shall conform to the norms and standards, including land use requirements and provision of community amenities and common facilities, as laid down in the applicable building control regulations, bye-laws, rules, and other regulations of the State Government/Municipal/Local Body concerned.
(f) The Indian investee company will be permitted to sell only developed plots. For the purposes of this policy “developed plots” will mean plots where trunk infrastructure including roads, water supply, street lighting, drainage and sewerage, have been made available.
(g) The Indian investee company shall be responsible for obtaining all necessary approvals, including those of the building/layout plans, developing internal and peripheral areas and other infrastructure facilities, payment of development, external development and other charges and complying with all other requirements as prescribed under applicable rules/bye-laws/regulations of the State Government/ Municipal/Local Body concerned.
(h) The State Government/ Municipal/ Local Body concerned, which approves the building / development plans, will monitor compliance of the above conditions by the developer.
For further details, please refer to the following linkhttp://pib.nic.in/newsite/PrintRelease.aspx
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FICCI BUSINESS DELEGATION TO TAIWAN
31102014
Atul Shunglu
Assistant Secretary General
October 30, 2014
Mr. N.K. Sagar
Chairman
Enkay Sagar Holdings Pvt. Ltd.
New Delhi
Dear Mr. Sagar,
FICCI BUSINESS DELEGATION TO TAIWAN
January 21st – 23rd , 2014, Taipei
With a view to enhancing India-Taiwan business relations, FICCI is leading a high-powered business delegation to Taipei from 21st -23rd of January, 2013 in Taipei, Taiwan.
Taiwan, the 6th largest economy in Asia and 19th largest economy in the world is an important trading economy. Much has been known about its dominance in ICT products with Taiwanese companies controlling over 90% of the market share in many ICT parts and peripherals, it is also home to some of the leading companies in other sectors such as food processing, electronics, chemicals, pharmaceuticals, auto parts, gems and jewelry, textiles, machinery & machine Tools, Real Estate & Infrastructure, General Trading, etc.
This visit will provide you with an opportunity to meet with the representatives of Taiwanese companies engaged in these sectors and will help in better understanding the business opportunities of the Taiwanese market. Based on your business interest, we would organize one to one business meetings with Taiwanese companies during the visit.
The other major highlights of the visit include: factory/industrial park visits; One-to-one business meetings interactions with decision-makers in the Government.
Tentative Itinerary:
20th January (Evening)
| All delegates to arrive in Taipei |
21st January
| Half day Conference followed by one to one B2B meetings in Taipei |
22nd January
| Visit to Industrial Park / factories |
23rd January
| Courtesy Call-ons and meetings with government departments |
In view of the importance of the visit, we would be grateful if you could kindly join the business delegation to Taipei . If, on account of other business engagements you are unable to join, kindly nominate a senior executive from your organization to be a part of the delegation.
In order to defray a part of the Secretariat expenses, we are obliged to charge a delegation fee of Rs. 25,000/- + 12.36% service tax. We look forward to receiving your kind confirmation in the Registration Proforma (Click here to download), latest by28thNovember 2014.
Looking forward to your positive response.
Regards,
Atul Shunglu
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Federal Reserve concludes the Asset Purchase Program
31102014
The Federal Open Market Committee (FOMC) has directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to conclude the current asset purchase program by the end of October on account of substantial improvement in the outlook for the labor market and sufficient underlying strength in the broader economy to support ongoing progress toward maximum employment in a context of price stability.
The FOMC has also directed the Desk to maintain the existing policy of reinvesting principal payments from the Federal Reserve’s holdings of agency debt and agency Mortgage-Backed-Securities (MBS) in agency MBS and of rolling over maturing Treasury securities at auction. This policy, by keeping the Committee’s holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions. Each month, the System Open Market Account (SOMA) portfolio receives sizable principal payments on its securities holdings, which, if not reinvested, would decrease the size of the SOMA portfolio. Reinvestment, by keeping the Committee’s holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.
Reinvestments in agency MBS will continue to be concentrated in newly-issued agency MBS in the To-Be-Announced (TBA) market. The Desk will adjust the number of individual agency MBS operations per month as needed for operational efficiency. The distribution of agency MBS purchases could change if market conditions warrant. The planned amount of reinvestments in agency MBS that are anticipated to take place over each monthly period will continue to be announced on or around the eighth business day of the month. For the remainder of the current reinvestment period, which ends on November 13, 2014, the Desk will continue to publish a tentative schedule of FedTrade agency MBS operations on or around the last business day of each week for a weekly period beginning the following business day. Consistent with current practices, the purchases of agency MBS will be conducted with the Federal Reserve’s primary dealers through a competitive bidding process and results will be published on the Federal Reserve Bank of New York ’s website. The Desk will continue to publish transaction prices for individual operations at the end of each monthly period.
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Categories : Business
NAPM 10th Convention in Pune
31102014
NAPM 10th Convention Tmw in Pune in Backdrop of Government Changing Environmental, Land and Social Security Acts
From: napm india <napmindia@gmail.com> Thu, 30 Oct ’14 8:25p
To: napmmedia <napmmedia@googlegroups.com> and others
- 20 years journey of people’s movements unfolds in Pune!
- All India People';s Movements Meet in Backdrop of Government Changing Environmental, Land and Social Security Acts
- National Alliance of People’s movements – 10th Biennial Convention. 31st October to 2 November. Rashtra Seva Dal, Parvati, Pune.
Pune / New Delhi, October 30 : Representatives of people’s movements striving for equality, social justice and sustainable development are meeting in Pune from 31stOctober to 2nd November to attend the 10th Biennial Convention of NAPM (National Alliance of People’s Movements). These activists have been instrumental in various social struggles and have played a key role in bringing about the important acts like Forest Rights Act for tribal people (2005), revised Land Acquisition and Rehabilitation Act (2013), Hawkers Act (2009), Employment Guarantee Act (2005).
Tribal people and farmers fighting for their land rights, urban poor fighting for their right to shelter, groups of people fighting against nuclear energy, communities fighting to save their water-forest-land, experts stressing the need of alternative development model are going to be a part of this three day programme.
Senior educationist Anil Sadgopal will inaugurate the convention on 31st October at 10.30 a.m. Noted social activists Medha Patkar will review the 20 years journey of NAPM, and Aruna Roy, Mazdoor Kisan Shakti Sangathan and former member National Advisory Council, will chair this session and reflect on the struggle for accountability and transparency in governance. In a special programme on this occasion, respected senior supporters of people’s movements will be felicitated.
A public meeting on ‘Development policy, social justice and India’s future’ will take place at 5.30 p.m. Yogendra Yadav, Pushpa Bhave, Vinoy Vishvam, Dayamani Barla, Khaleel Deshmukh, Shreenivas Khandewale and Vilas Bhongade will be part of this discussion.
On 31st October between 2pm to 5pm, group discussions will happen on a range of subjects like agriculture, water, energy, ownership of natural resources, urban planning, alternate development policy, health, education, right to food and others. On 1stNovember between 9am to 11am, summary of the discussions will be presented. At 6.30 p.m., public meeting on ‘Role of people’s movements in political transformation’ is planned. Ajit Jha, Nikhil Wagle, Lingraj Azad, Dr. Sunilam, Gautam Mody, Anil Chaudhary, will participate in the discussion. Medha Patkar will chair the session.
This convention is being viewed with great enthusiasm, as the laws that the new government intends to change, have been developed through these movements. UPA government had considered the voice of People’s Movements to some extent. Senior activist Aruna Roy was even introduced in the National Advisory Committee. BJP government, however, has started questioning the social organisations, people’s movements immediately after taking charge. In this context, how the people’s movements decide their way forward will be an interesting aspect of consideration.
In the context of the new developments from the Modi Government plannning to dilute and radically change pro poor laws like the LAAR Act, Labour Laws, Right to Information, MNREGA, Legislation related to Social Security making them anti-poor legislations: various social groups and alliances from across the country have converged today for a Samajvadi Samagam (Socialist Meet) at the SM Joshi Foundation. The purpose of this meeting is to bring together all the like minded socialist groups on to a common platform to fight together the rise of fascism and the present government';s Assault on the lives, livelihoods and natural resources of the common people and vulnerable sections of this country.
The coming together of people';s movements is significant at this juncture since, there is outrage at the moment at the way NDA government has been changing environmental laws and wants to change many. The movements are determined to halt any such changes and increase the resistance at the grassroots level against the ongoing assault on the livelihood and natural resources by corporations with help of the government.
Medha Patkar, Suniti S R, Prafulla Samantara, Arundhati Dhuru, Gabriele Dietrich, Kamayani Swami, Anand Mazgaonkar, Madhuresh Kumar
Contact : 9818905316
–
===============================================
National Alliance of People’s MovementsNational Office : 6/6, Jangpura B, Mathura Road, New Delhi 110014
Phone : 011 24374535 Mobile : 09818905316
Web : www.napm-india.org | napmindia@gmail.com
National Alliance of People’s MovementsNational Office : 6/6, Jangpura B, Mathura Road, New Delhi 110014
Phone : 011 24374535 Mobile : 09818905316
Web : www.napm-india.org | napmindia@gmail.com
Facebook : www.facebook.com/NAPMindia
Twitter : @napmindia
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totalrail
31102014
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AG Careers.com
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Categories : Agri, Business
Invitation for Press Conference
31102014
Under the year long programs of Vishwa Hindu Parishad Swarn Jayanti Mahotsav Samittee Bajrang Dal is Organising a nationwide Blood Donation Camps. You are Invited for a press conference by the state president of VHP Delhi Dr. Rikhab Chand Jain on the issue tomorrow (31.10.14) at 4.30Pm in VSK, 57, North Avenue, New Delhi-1
Kindly Join or depute your representative/camera person/Photographer to cover it.
Regards
Anil Agrawal
9958443884
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Government Of India Committed To Ensure “More Crop Per Drop”
31102014
The 2014 Annual Conference Of The Indian National Association of The Club Of Rome
‘Securing Food for All’; the Critical Need for Coherence in Policies and Action
New Delhi, October 30, 2014: “The Government of India is committed to ensure “more crop per drop” and make India hunger free” said Shri Ajit Seth, Cabinet Secretary, Government of India, while addressing The 2014 Annual Conference Of The Indian National Association of The Club Of Rome (CoR) at The Taj Mahal Hotel, Mansingh Road, New Delhi.
With the theme “Securing Food For All”-The critical need for coherence in policies and action” the 2 day conference had Policy makers and thought leaders from India & overseas deliberate on roadmap to tackle various National & International Economic, Environmental & Social issues on food scarcity, distribution, fundamentals of food policy & politics among other topics of discussion.
Mr. Ranjit Barthakur, Secretary General, Indian National Association for the Club of Rome & Chairman (amalgamated (Former Tata Tea), said he was looking forward to a document that highlights policy coherence. Mr S Ramadorai, Vice Chairman of Tata Consultancy Services & Chairman Club of Rome, National Skill Development Agency & National Skill Development Corporation, was confident that the conference was positioned to extract meaning from the maze of policies and views that are there today and hopefully would show a clear direction to all stakeholders.
“To deliver true inclusive growth and economic access to food, it is important for government and private sector to work coherently” reiterated Mr Seth. Dr Ashok Khosla, President Emeritus, Club of Rome & Chairman, Development Alternatives emphasized the stark need for policy coherence.
With Prof M S Swaminathan, Chairman, National Commission on Farmers along with Shri Ajit Seth, as guests of honor, the first day of the conference saw eminent personalities including Shri T. Nanda Kumar, Chairman National Diary Development Board, Ms Naina Lal Kidwai, Group General Manager & Country Head HSBC India, Sri Rajiv Pratap Rudy, Former Union Minister BJP, Mr Nitin Desai, Former Under Secretary General economic & Social Affairs at the United Nations, Shri P D Rai, Member of Parliament, Sikkim Development Front.
The conference also saw the release of Balipara Foundation’s book, “Reflections on Managing WATER: Earth’s Greatest Natural Resource” edited by Dr Indira Khurana and Ranjit Barthakur.
About the Club of Rome
The Club of Rome is a global think tank that deals with the human problematique, particularly in relation to the issues of sustainability of today’s development patterns. Founded in 1968 in Rome, the organisation brings together former heads of state, UN officials, high-level government officials, diplomats, scientists, economists and business leaders from around the world. The club‘s mission is “to act as a global catalyst for change through the identification and analysis of the crucial problems facing humanity and the communication of potential solutions to such problems to the most important public and private decision makers as well as to the general public.”
For more information contact:
Abhinav Sood
Communications Inc
Ph : +919810605190
E Mail : abhinav.sood@communicationsinc.in,
sood.abhinav@gmail.com
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Categories : Business, CSR, culture
Connection Series: Talks on November 13th and 20th
31102014
From: “UChicago Center in Delhi” <delhi@uchicago.edu> Fri, 31 Oct ’14 12:49p
To: You
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Czech Dance Theatre “Mimi Fortunae” – FICCI Auditorium on November 5,
31102014
Czech Dance Theatre “Mimi Fortunae” – FICCI Auditorium on November 5, 2014 from 7 p.m
From: “Czech Embassy – Culture & PR” <czechembassydelhi.culturepr@gmail.com> Fri, 31 Oct ’14 2:21p
To: undisclosed-recipients:;
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Dear all,
allow me kindly to invite you to the upcoming performance of the Czech Dance Theatre “Mimi Fortunae” which will be performing within the Delhi International Arts Festival at the FICCI Auditorium on November 5, 2014 from 7 p.m.
Dance Theatre MIMI FORTUNAE presents absolutely unique connection of dance based on folk roots of the Czech Nation and the high technique of contemporary dance motion. MIMI FORTUNAE has gained an excellent reputation during the 30 years of its activity: the ensemble presents its performances on a number of stages all over the Czech Republic as well as in the world (France, Germany, Italy, Austria, India, The Netherlands, Great Britain, USA, Lithuania, Slovakia, Jordan, etc.). MIMI FORTUNAE´s production is accessible to all types of audiences as the artists tell “without-words-stories” and evoke deep moods by using their bodies for dance, stylized movements and mimics.
Come and enjoy the Czech dance theatre!
Also see the attached invitation.
Wishing to see you all!
Andrea Kučerová
Deputy Head of Mission / Political Affairs
Embassy of the Czech Republic in New Delhi
Tel: +91-11-24155200
Fax: +91-11-24155270
Web: www.mzv.cz/newdelhi
Address:
50-M, Niti Marg
Chanakayapuri, New Delhi – 110 021
India
Deputy Head of Mission / Political Affairs
Embassy of the Czech Republic in New Delhi
Tel: +91-11-24155200
Fax: +91-11-24155270
Web: www.mzv.cz/newdelhi
Address:
50-M, Niti Marg
Chanakayapuri, New Delhi – 110 021
India
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Invitation from SOS India
31102014
Invitation from SOS India, India’s biggest family, 50 years celebration at IIC, Oct 31
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Hungarian Information and Cultural Centre
31102014
PR – HUNGARIAN CULTURAL CENTRE Thu, 30 Oct ’14 8:08p
To: undisclosed-recipients:;
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Dear Friends,
Hungarian Information and Cultural Centre in association with Delhi Music Society invites you all to a music concert by Peter Horvath (clarinet/ saxophone) and Beata Gincsai (piano), a young talented musician couple from Hungary at Delhi International Arts Festival, organized on Sunday, 2nd Nov, 7.00 pm at Stein Auditorium, India Habitat Centre, New Delhi.
The Musical Duo will also perform at a literary evening, commemorating the Holocaust on Friday, 31st Oct, 6.00 pm by Dr. Margit Koves at HICC.
Kindly mark the dates in your calendar. (Please, do find the e-Invite of the 2nd Nov. concert below).
Looking forward to your gracious presence at the events!
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Trustee of Sagar Media Inc
31102014Trustee of Sagar Media Inc
The Online Media Group
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