Reopening of stores depends on getting clarity from states: RAI 1

Reopening of stores depends on getting clarity from states: RAI

Shops in markets/market complexes and shopping malls are not allowed to open. (PTI photo)
Reopening of stores in the wake of relaxation in guidelines from Centre, allowing neighbourhood and standalone shops to be open, will depend on members getting clarity from state governments, according to the Retailers Association of India (RAI).
The retailers body lamented that a series of circulars from the Centre has only “complicated” the situation and has become “very difficult to interpret”. “Members can’t open it until and unless the states allow. Until states come up with a clarity, they can’t open but the states are equally confused with this. It is the prerogative of states to allow stores to open, Centre is the guiding principle. Sadly, states have not got enough of clarity,” RAI CEO Kumar Rajagopalan told PTI. Related News Also read: Check latest updates on Coronavirius
He was responding to a query on whether RAI members will be reopening stores after the Home Ministry issued circulars relaxing guidelines for the lockdown. “RAI has told its members to get clarity from the states before they reopen,” Rajagopalan added.
Referring to the series of circulars issued by the Centre, he said, “It has got complicated…It is very difficult to interpret it. While it is a welcome sign from the government that they want to open up stores…(but) the whole thing is sounding more complicated than it was before.”
Arguing his point, Rajagopalan asked, “Will aRead More…

MHA guidelines on what’s open, what’s not: Shops, malls to online stores on Flipkart, Amazon: Explained 2

MHA guidelines on what’s open, what’s not: Shops, malls to online stores on Flipkart, Amazon: Explained

All standalone shops/neighbourhood shops and shops in residential complexes are now allowed to open.
Coronavirus Lockdown: The strict lockdown imposed by government across the country in order to curb the spread of deadly COVID-19 infection is now going to see some relaxations. On Saturday, the Ministry of Home Affairs (MHA) issued a fresh clarification on its previous order that allowed some shops to open their shutters. The revised guidelines state wtat shops can resume the functions in rural as well as urban areas. For rural areas, the government has allowed all shops to start its operations unless they are in a shopping mall. According to the revised guidelines, the shops in urban areas can open only if they are standalone or present in residential complexes. Thus all standalone shops/neighbourhood shops and shops in residential complexes are now allowed to open. In rural areas, all shops, except those in shopping malls can open.
It has been clarified by the MHA that shops in markets/market complexes and shopping mall are not allowed to open. Shops will only be allowed to function in rural or urban areas if they do not fall under a containment zone. If they do, resuming operations is strictly prohibited during the lockdown. Related News The ministry further said that those e-commerce companies like Amazon, Flipkart are only permitted to continue the supply of essential goods. In fact, the MHA has also clarified that sale of liquor or any other item that is mentioneRead More…

You may soon shop online from your local Kirana store; DPIIT, CAIT join hands for new e-marketplace 3

You may soon shop online from your local Kirana store; DPIIT, CAIT join hands for new e-marketplace

The decision of a government national e-marketplace is expected to bring much convenience for the local grocery stores in Tier 2 or Tier 3 cities, where issues of connectivity and supply chain are prevalent.
You may soon buy groceries from local Kirana stores with the help of a national e-commerce portal. To enable small retailers across the country to take orders online, the Department for Promotion of Industry and Internal Trade (DPIIT) and the Confederation of All India Traders (CAIT) have joined hands to develop a national e-commerce marketplace, The Indian Express reported. It is expected to be launched in a phased manner from next week. The move has been taken days after Reliance Industries and Amazon India announced their plans to accelerate embarking local retailers and grocers.
The decision of a government national e-marketplace is expected to bring much convenience for the local grocery stores in Tier 2 or Tier 3 cities, where issues of connectivity and supply chain are prevalent. While the government body is responsible for conception and designing of the portal through its Startup India wing, the trader’s body has already conducted pilots across the country, that too, from the customer level to the retailer and up to the level of distributors. Related News Also Read: Automation can lift India’s mining to new heights but here’s what stops it
The Indian e-commerce platform is likely to onboard about 7 crore small traders in the country, includRead More…

Automation can lift India’s mining to new heights but here’s what stops it 4

Automation can lift India’s mining to new heights but here’s what stops it

The mining industry’s contribution (excluding petroleum and natural gas) to India’s GDP was nearly 2-3% in FY19, a sharp contrast to India’s true potential, being a geologically rich country. (Bloomberg image)
Krishnadas Manjaparra
Technology has transformed many industries across the world and changed the way companies act. Mining is one such industry that is maturing over the last few decades on the back of an ever-increasing demand for mined resources on one side, and a need for sustainable mining on the other. The mining industry currently faces a unique set of challenges – improving production and reducing costs while protecting the health and safety of their workers, safeguarding fixed assets and environmental conservation. Miners often put their lives at risk, travelling deep underground in dangerous conditions to bring these precious elements to the surface.
The mining industry’s contribution (excluding petroleum and natural gas) to India’s GDP is only around 2-3% in 2018-19, a sharp contrast to India’s true potential, being a geologically rich country. A significantly higher contribution to GDP will go a long way in achieving India’s dream of becoming a USD 5 trillion economy, as evinced across economies like South Africa where mining contributed 7.5% to GDP, and Australia where it is 6.99% to GDP.Automation and Digitalisation are touted to be the most defining mining industry trends of the 21st century across the globe, aimed at enhancing producRead More…

OnePlus confirms the OnePlus 8 Pro’s class-leading 120Hz AMOLED display has issues 5

OnePlus confirms the OnePlus 8 Pro’s class-leading 120Hz AMOLED display has issues

OnePlus is working on a fix that should be rolled out in the next software update.
The OnePlus 8 Pro has earned the highest overall display rating and Best Smartphone Display Award from DisplayMate. Though it’s not perfect. No gadget is. Some OnePlus 8 Pro users have been taking to OnePlus community forums to highlight issues with the phone’s display. OnePlus has acknowledged some of these issues and it is now working on a fix that should be rolled out in the next software update.
OnePlus 8 Pro users have been broadly highlighting two issues with the phone’s display. The AMOLED display of the OnePlus 8 Pro apparently shows a green tint when it is set to low brightness. OnePlus 8 Pro users have been able to find a fix on their own, by toying around with the settings, which suggests enabling DC Dimming from the phone’s OnePlus Laboratory settings could help. Though, enabling DC Dimming may also have a side effect. Doing that apparently kicks off a “crushed black” effect which means darker areas of an image start losing out on details. Related News That’s worrisome for a phone that is banking so very heavily on its display prowess to make a selling. The OnePlus 8 Pro is OnePlus’ first phone to ship with a 120Hz high refresh rate ‘fluid’ display. It’s one of the many features that OnePlus has put inside the OnePlus 8 Pro to make it stand toe to toe with the Samsung Galaxy S20+. Early reviews seem to suggest the OnePlus 8 Pro’s 120Hz AMOLED display iRead More…

Should petrol, diesel prices be cut, or should govt keep crude benefit? Oil veteran solves tough choice 6

Should petrol, diesel prices be cut, or should govt keep crude benefit? Oil veteran solves tough choice

Oil refining and marketing companies are keeping wider margins on retail fuel sales, while the government is raising taxes on petrol and diesel. Even as international crude oil prices fall to record lows, even slipping below zero for a short while, petrol and diesel prices in India still hold near the pre-coronavirus levels, as oil marketing companies and the government try to offset revenue losses with the help of surplus earned from oil. Oil refining and marketing companies are keeping wider margins on retail fuel sales, while the government is raising taxes on petrol and diesel. With people wondering if during these times, should the government keep the benefit of cheaper crude oil with itself, or pass it on to the consumers, an oil industry veteran gives an answer to the tough choice. Irrespective of the hope that low fuel prices will boost demand, as it depends on the economic resurgence, the government should pass on the benefits of low oil prices to the consumers, Vikram S Mehta, Chairman of Brookings India, and Senior Fellow, Brookings Institution, told The Indian Express in an interview. It would look “politically foolish” if the government continues to charge the same price when the global price has collapsed, he added. Vikram Mehta, a veteran oil industry professional, last served as the chairman of the Shell Group of Companies in India. Crude oil prices in the international market have fallen to record lows. Brent crude oil prices slightly recovered tRead More…

‘This levy on e-commerce firms is another attempt by India to tax digital transactions’ 7

‘This levy on e-commerce firms is another attempt by India to tax digital transactions’

Equalisation levy is a special levy, charged by the Indian government on digital transactions, outside the purview of Indian income tax law. By Rakesh Nangia & Shailesh Kumar Since the advent of the digital economy and ability of businesses to generate revenues from a country using their user base, without setting up any physical presence/ office in that country, there is an ever-increasing concern amongst the market economies having large user base how to tax such transactions, since traditional rules of taxation and tax treaties do not allow taxation of such revenues in the market/ user economy without having a physical presence. This issue was discussed in detail in “OCED’s 2015 Final Report: Addressing the Tax Challenges of the Digital Economy under OECD/ G20 BEPS Project”, wherein the OECD also opined that in case of digital transactions, the countries having market economy/ user base could consider charging equalisation levy “as an alternative to overcome the difficulties raised by the attribution of income to the new nexus”. Subsequent to the issuance of OECD’s report, India became the first country to introduce equalisation levy in its domestic tax law vide Finance Act, 2016. The scope of the levy, as introduced in Finance Act, 2016 was limited to certain specified ‘online advertisement and other related services’ and was to be levied at the rate of 6 per cent on B2B transactions and was not charged to transactions undertaken with iRead More…

Facebook investment in Reliance Jio will help Mukesh Ambani make money quicker from digital ventures 8

Facebook investment in Reliance Jio will help Mukesh Ambani make money quicker from digital ventures

“Facebook’s investment will translate into a 9.99 per cent equity stake in Jio Platforms on a fully diluted basis,” it said. (AP photo) Facebook’s move to pick up about 10 per cent stake in Jio Platforms will accelerate Jio’s digital monetisation drive and put Reliance Industries (RIL) on course to turn net debt-free by March 2021, analysts said on Wednesday. “RIL had restructured its digital business into one consolidated wholly-owned subsidiary – Jio Platforms – which would host all the digital initiatives of the firm, including Jio digital services (mobile, broadband), apps, tech capabilities (AI, Big Data, IoT) and investments (like Den, Hathway),” Credit Suisse said in a note. It said that Facebook’s investment into this entity will further Reliance Industries’ digital initiatives and will help in deleveraging. “…The deal will aid in achieving net debt-free (target) by March 2021. As of December 31, 2019, net debt for the group stands at Rs 1,531 billion (Rs 1.53 lakh crore) and with Facebook’s investment, this should put RIL on course to be net debt free by Mar-2021,” it said. Related News The announcement includes commencement of a partnership among JioMart (platform of RIL’s new commerce initiative), Reliance Retail and WhatsApp, it noted. “Currently, new commerce is under purview of Reliance Retail and outside of Jio Platforms. The partnership will entail leveraging the messenger platform to facilitate new commerce transRead More…

WhatsApp effect: Google Duo video calls will support more than twelve participants soon 9

WhatsApp effect: Google Duo video calls will support more than twelve participants soon

Google Duo already supports up to twelve participants. Hours after it came to light that WhatsApp may be working to increase the participant count in group video and voice calls, Google has announced that its competing platform Duo will do something very similar. But while WhatsApp is apparently planning to increase the number of users who can simultaneously video and voice call from four to eight, Google isn’t revealing a number just yet. Google Duo already supports up to twelve participants, so anyhow we’re looking at something that would beat WhatsApp — at least when it comes to group calling. Google plans to do this in the coming weeks. The motivation behind the move, in addition to one-upping the competition of course, is the apparent surge in video calling during these unprecedented times. Like most video calling services, Google’s Duo is also seeing a surge in usage as more and more people are forced to stay cooped inside their homes to curb the spread of Novel Coronavirus. Google also has some numbers to share. People are making up to eight times more group calls on Duo now, even as the whole service is pulling over 10 million new users every week. Related News In order to make Duo more accessible in developing markets like India, in the wake of the COVID-19 outbreak, Google is also working to update Duo’s underlying video codec technology switching to the new AV1 video codec that should entail an improvement in video quality even on very low baRead More…

Eight Reasons Why The OnePlus 8 Series Is the Ultimate Flagship 10

Eight Reasons Why The OnePlus 8 Series Is the Ultimate Flagship

The OnePlus 8 series comes with displays of unparalleled quality in the smartphone world. They are the latest flagships in the Indian market. And in best OnePlus tradition, they have totally redefined what we should be expecting from a mobile flagship, with not just very good hardware and design, but also very competitive prices. So, if you are in the market for a flagship phone, here are eight reasons why you should opt for a device from the OnePlus 8 series: Displays that are magnificent The OnePlus 8 series comes with displays of unparalleled quality in the smartphone world. The OnePlus 8 Pro’s 6.78 inch fluid AMOLED quad HD display with an amazing 120 Hz refresh rate has actually got a very high rating from DisplayMate. Not only is the display bright and brilliant but its high refresh rate and OnePlus’ innovative optimisations ensure that graphics and scrolling will be smooth as silk. The OnePlus 8 for its part comes with a 6.55 inch fluid AMOLED full HD display with a 90 Hz refresh rate. Both phones are designed to deliver a visual treat, with tiny notches ensuring that your viewing experience is least obstructed. Jaw dropping design Both the OnePlus 8 and the OnePlus 8 Pro look simply magnificent, with beautiful and carefully crafted glass fronts and backs. The Glacial Green shades of both phones are bound to inspire jealousy in the competition, and the Interstellar Glow variant of the OnePlus 8 is in particular eye catching, displaying different coloursRead More…