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Monday, 31 July 2017

Government answers why Chinese goods are cheaper than those made in India

Government answers why Chinese goods are cheaper than those made in India
IndiaTV News01 Aug. 07:29

Chinese products are cheaper than Indian goods because of the opaque subsidy regime prevailing in China, the  government said today in Parliament.

"The products manufactured in China are reportedly of lower price mainly because of their opaque subsidy regime and distorted factor prices," Minister of State for MSME, Haribhai Parthibhai Chaudhary said in a written reply in the Lok Sabha.

He was replying to a question which sought to know the reasons behind the higher prices of domestic products in comparison to the products manufactured in China.

The minister said that the survival and growth of micro, small and medium enterprises (MSMEs) depends on a number of factors like availability of timely credit, upgradation of technology, infrastructure, access to market, quality of products, etc.

"Competition from internal and external sources including competition from multinational companies is also one of the factors," Mr Chaudhary said in a reply to another question on whether Indian MSMEs are reportedly lagging behind due to availability of the products of multinational companies.

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RBI rate cut hopes, earnings season lift Indian equities

RBI rate cut hopes, earnings season lift Indian equities
IndiaTV News31 Jul. 13:25

Indian equity markets traded with appreciable gains during the mid-afternoon session on Monday as hopes of a rate cut in the upcoming monetary policy review of the Reserve Bank of India (RBI), coupled with expectations of healthy quarterly results, kept investors' sentiments buoyed.

Besides, the key equity indices pared their Friday losses on the back of intense buying activities in banking, capital goods and metal stocks.

At 12.45 p.m., the wider Nifty50 of the National Stock Exchange (NSE) rose by 37.25 points or 0.37 per cent to trade at 10,051.75 points.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 32,412.20 points, traded at 32,462.92 points -- up 153.04 points or 0.47 per cent, from its previous close of 32,309.88 points.

The Sensex has so far touched a high of 32,517.28 points and a low of 32,324.45 points during intra-day trade.

The BSE market breadth was bullish with 1,312 advances and 1,177 declines.

"The benchmark Nifty today climbed to 10,043 and the Sensex surged over 133 points in the opening session, with the help of a strong dose of better-than-expected corporate earnings. The rally came on buying in capital goods, metal, oil and gas, consumer durables and banking stocks," Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

"L&T, the engineering and construction conglomerate, rose 3.97 per cent after the company on Friday reported better-than-estimated earnings for the first quarter with a 50.59 per cent jump in consolidated net profit, which in turn helped the NSE index.

It is the policy week and all hopes are set for an interest-rate cut when the RBI's monetary policy committee meets on August 2," Desai said.

On Friday, the benchmark indices took a breather and closed on a subdued note as negative global cues, coupled with disappointing quarterly results and heavy selling pressure in healthcare, metal and banking stocks hampered investors' sentiments.

The NSE Nifty50 fell by 6.05 points or 0.06 per cent to close at 10,014.50 points, while the Sensex closed at 32,309.88 points -- down 73.42 points or 0.23 per cent.

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Best Upcoming Smartphones of August 2017 – Expected Specs & Features

Best Upcoming Smartphones of August 2017 – Expected Specs & Features
Phone Radar31 Jul. 13:42

You are reading a story from PhoneRadar.

In the first half of 2017, we have seen quite a few flagship smartphones with value for money price tags. There also several affordable smartphones launched in India in 2017. Now, the companies are getting ready to unveil their latest flagship devices in this second half. We will be seeing international launches of two flagship devices along with few budget smartphone launches in India. Talking about the international launches, as of now, there is no information about the India launch dates.

Scroll down to know more about the expected specifications and features of the upcoming smartphones.

Samsung Galaxy Note 8

Samsung has recently confirmed to launch the Galaxy Note 8 at the Unpacked event on August 23rd in New York. This new device will be the successor to the Galaxy Note 7 which is one of the biggest disasters in the company’s history. A few reports also suggest the company to offer the Galaxy Note 8 Emperor Edition boasting 8GB RAM and 256GB internal storage. On the front, we will be seeing the Infinity Display with Quad HD resolution. The Galaxy Note 8 also sports dual camera setup on the rear and is rumored to offers 3X optical zoom. Based on the rumors, we might see a 6.3-inch Quad HD curved display with Snapdragon 835 processor or Exynos 8895 processor. The battery on this device will be slightly smaller than the 3,500mAh battery on the Galaxy Note 7. It also comes with the Bixby AI and includes a dedicated physical button to trigger it. The fingerprint sensor still sits on the rear, and the device also features improved IRIS scanner. On the bottom edge, the device features a 3.5mm audio jack, USB Type-C port, S Pen, and loudspeaker. There will also be Samsung DeX support to use the Galaxy Note 8 as a desktop by connecting the monitor, keyboard, and mouse.

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BHIM app records transaction of Rs 1,500 cr, crosses 20 mn downloads


Business Standard

BHIM app records transaction of Rs 1,500 cr, crosses 20 mn downloads

Jul 31, 2017 03:28 PM


The BHIM app, that aims to make payments through mobiles, has logged 2 crore downloads and close to Rs 1,500 crore worth of transactions have taken place through it, IT Minister Ravi Shankar Prasad said today.

Responding to a mention made by SP member Jaya Bachchan during the Zero Hour in the House, Prasad also said more than 2 crore people have been trained by common service centres on digital payements.

"The BHIM app has been downloaded by 2 crore people and there has been close to 50 lakh transactions only on the BHIM app worth Rs 1,500 crore," the minister said.

Bharat Interface for Money (BHIM) is an app that allows transactions using Unified Payments Interface (UPI).

Raising the issue, Bachchan while congratulating the government for its intention to move towards digital and cashless payments, said that inadequte infrastructure was hampering digital payments.

She said demonetisation was improperly planned and caused "confusion and hardship" to people in the country. She said there were only 15.1 lakh PoS (Point of Sales) machines in the country, while the requirement was of 20 lakh.

"Lack of digital preparedness is already threatening to hit consumption growth," Bachchan said and supported her contention citing SBI data.

In a surprise move, the government had scrapped high denomentation notes (Rs 500/1000) from November 9, 2016 with an aim to check black money, terror financing and fake currency, among others.

Tapan Kumar Sen (CPI-M) spoke about the privatisation of Indian Railways, giving examples of outsourcing of cleaning and maintenance services.

He said foreign companies were beinh involved in the manufacturing of locomotives, and coaches too were being given to other parties.

Sen also protested against the alleged privatisation of railway stations

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Woman attempts to exchange fake notes; arrested

Woman attempts to exchange fake notes; arrested

The Hans India

31 Jul. 10:14

Rs 2000 Notes

A 42-year-old woman was arrested on Sunday after she tried to exchange fake notes of Rs 2,000 denomination. Identified as Anuyara Khatun, the accused was caught when a shopkeeper noticed the fake notes she was trying to exchange and informed the police at KPHB in Hyderabad.

The police informed that the woman hails from West Bengal and came to Hyderabad after the demise of her husband.

Working as a domestic help, the woman was lured by two persons who promised to give her commission but the aides Babur Ali and Suhani escaped after she was caught.

A suo motu case under Sections 489-B and 489-C of IPC was registered against the woman and a manhunt is launched to arrest the duo.

Stay updated on the go with The Hans India News App. Click for Android / IOS download it for your device.

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Sunday, 30 July 2017

No Rs 2,000 note ‘withdrawal’, Rs 200 to be issued soon: MoS for Finance Siasat Daily

No Rs 2,000 note ‘withdrawal’, Rs 200 to be issued soon: MoS for Finance

Siasat Daily

29 Jul. 09:18

New Delhi: With rumours of the Centre planning a withdrawal of the newly-introduced Rs 2,000 note doing the rounds, Minister of State for Finance Santosh Kumar Gangwar has said there was no news of its scrapping, adding the Rs 200 note will be in circulation soon.

“No news that Rs 2,000 will be scrapped,” Gangwar told IANS in an interview.

“The reduction in the printing of new Rs 2,000 notes is a separate issue. But that needs to be confirmed by the Reserve Bank of India (RBI). RBI will give information on Rs 2,000 notes,” he added.

According to media reports, the government has stopped the further printing of the recently printed Rs 2,000 notes.

On July 26, the issue was raised in Parliament when the opposition asked Finance Minister Arun Jaitley to confirm if the government was going to “demonetize Rs 2,000 notes” and if its printing had been stopped. The Minister declined to reply.

Industry experts said the government was aiming to limit the circulation of high denomination Rs 2,000 note, which would remain a legal tender, but not demonetize it. The circulation of smaller denomination notes would be increased by introducing a new Rs 200 note.

Gangwar told IANS that Rs 200 note, printing of which had already begun, would be in circulation soon. The move to introduce Rs 200 note was to increase the circulation of smaller denomination notes, he added.

A top government official, on condition of anonymity, told IANS that the Rs 200 note would be introduced in the markets in August.

“The paper for Rs 200 notes was ready in the Mysuru paper mill in June. It should be in circulation next month,” the official said.

The Mysuru paper mill is a joint venture of Security Printing and Minting Corp of India Ltd (SMPCIL) and Bharatiya Reserve Bank Note Mudran, a wholly-owned subsidiary of RBI.

The Rs 200 new note was being printed in the RBI printing press. India has four currency note printing presses — two RBI presses at Mysuru (Karnataka) and Salboni (West Bengal) and two Security Printing and Minting Corp of India Ltd (SMPCIL) presses at Nashik (Maharashtra) and Dewas (Madhya Pradesh). SPMCIL is a public sector unit.

Lauding the introduction of Rs 200 note, a State Bank of India (SBI) report recently said that it would serve as the “missing middle”.

“It seems that there has been a significant move towards relocating distribution of currency towards smaller denominations post demonetization. However, while such a move is laudable and consistent with the long term vision of a less cash economy, we need to consider the following issues.

“Though the number of small denomination notes has increased, the mismatch caused by the presence of Rs 2,000 denomination straight after Rs 500 denomination is causing difficulties in exchanging the high denomination notes,” the SBI Ecowrap report noted.

Post-demonetisation, there were reports of people facing problems in using the Rs 2,000 note as sufficient quantum of smaller denomination notes of Rs 100 and Rs 500 were not available.

The government had brought in the Rs 2,000 note immediately after November 8, 2016, demonetization to expedite remonetization.

The economy is now close to complete remonetization as the new currency in circulation reached 84 per cent of the extinguished one on July 7, according to the SBI Ecowrap report.

The total amount of the spiked high-value denomination notes of Rs 500 and Rs 1,000 in circulation on November 8 was Rs 15.44 lakh crore.

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Saturday, 29 July 2017

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Unclear GST rules blindside Indian businesses NEW DELHI, July 27, 2017



Unclear GST rules blindside Indian businesses

NEW DELHI, July 27, 2017

The Goods and Services Tax was meant to unify the $2 trillion economy and make it easier for companies to transact across state borders. Nearly a month on, many are finding that doing business is more complicated tz than ever.

Ambiguous rules under the new multi-rate GST tax that went into effect on July 1 have left firms confused on how to price their products. The tax’s complex structure — four main rates ranging from 5 to 28 per cent — has hurt sales and risks denting economic growth and government revenues in the months ahead.

Pricing products

Airlines, for example, are uncertain whether to tax premium economy seats as economy or business class - at rates of 5 per cent or 12 per cent, respectively. Auto repair shops face a similar quandary as GST rates vary for different jobs. “People are either overcharging or undercharging for their work,” said Surinder Paul, who runs one workshop in South Delhi.

Even computer maker HP Inc, which is marketing a laptop product to help small businesses comply with the new tax, is seeking clarity. Under the GST, desktops and laptops are taxed at 18 per cent, while multi-function printers and monitors attract a 28 per cent charge. “Monitors, CPUs and other parts of a computer are imported as a single unit. What rate do we charge - 18 or 28 per cent?,” asked Poonam Madan, a tax official at HP.

Billed as India's biggest tax reform since independence in 1947, the GST has replaced more than a dozen federal and state levies and was meant to unify the country into a single market. While teething troubles were expected, the ensuing chaos has some officials worrying about the repercussions for Asia's third-largest economy. The annual growth slowed in the January-March quarter to 6.1 per cent, its weakest pace in more than two years. If growth slows further, federal finances would face pressure. A big test will come in September, when a grace period on filing complete monthly GST returns ends.

A survey by tax software provider Tally Solutions found that more than 40 per cent of small businesses were still not up to speed on how the GST works and two-thirds hadn't yet installed compliance software.

Tax crash course

New Delhi has launched an active outreach programme to educate companies and explain different provisions of the new tax. This exercise has also become a crash course for tax officials in the anomalies of the new tax structure.

Officials have discovered that holiday tour operators are charging the new tax not only for services provided in India but also for those offered abroad. While vegetable seeds remain tax exempt, paddy, cereal and corn seeds now attract 5 per cent tax. This has hit sales at companies such as Monsanto, whose local seed merchants have no experience of paying tax. “Our sales are getting hammered at a time when they would normally be booming,” Arindam Lahiri, Monsanto's taxation lead in Asia & Africa, told Reuters. “This anomaly needs to be fixed urgently.”

Revenue Secretary Hasmukh Adhia, overseeing the GST rollout, tweeted this week that nearly 8 million businesses were enrolled to pay the tax and the transition “is going on smoothly". He did not respond to a request for comment.

Tobacco stocks slump

However, for some companies it has been anything but smooth. Tobacco firms such as ITC Ltd were blindsided by further rule changes after the GST went into effect. These firms lost more than $7 billion in stock market value last week after the government suddenly hiked cigarette taxes. This hike was because the government believed that the GST had unintentionally handed tobacco companies a windfall profit.

Adding to the pain, a couple of Indian states raised local taxes or imposed new levies to challenge Prime Minister Narendra Modi's 'one nation, one tax' mantra.

The GST was originally expected to boost India's economic growth by as much as 2 percentage points. But a convoluted structure has made many economists mark down their expectations. If anything, growth dividends are expected to accrue only over time and not even the government's chief economic adviser, Arvind Subramanian, is daring to estimate its near-term impact. In a note, analysts at Jefferies believe that the “GST in its current form fails to harmonise tax rates across products or enhance ease of doing business significantly”.

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Friday, 28 July 2017

Pulsar NS 200 ABS launch next year

Pulsar NS 200 ABS launch next year
The Hans India28 Jul. 23:59

Come April 2018 and all 2-wheeler manufacturers should mandatorily offer ABS on motorcycles of 125cc and above categories. April 2019 will be the deadline for the existing vehicles to get ABS installed onto them. This is a welcome move by the Government of India that is intended to make roads safer. Meanwhile, Bajaj is expected to launch the Pulsar NS 200 ABS variant by early next year to meet this deadline well in advance.

The Pulsar NS 200 is available in the international markets with a dual-channel ABS already. However, the India-spec Pulsar NS 200 is expected to feature a single-channel ABS only due to cost reasons and as its fully-faired counterpart, the RS 200 being approximately Rs. 25,000/- expensive also features a single-channel ABS.

From 2020, the BS6 emission norms will be kicking in and Bajaj in addition to updating its portfolio with BS6 compliant vehicles is also expected to add fuel-injection technology to the Pulsar 200 NS and Pulsar 220. Bajaj is expected to price the Pulsar NS 200 ABS variant at a premium of Rs. 10,000/- to 15,000/-.

The Pulsar 200 NS ABS variant will come powered by the same 199.5cc, single-cylinder, liquid-cooled engine producing 23.5 HP of power and 18.3 Nm of torque that powers the current selling Pulsar 200 NS. This engine will come matched to a 5-speed gearbox.

Stay updated on the go with The Hans India News App. Click for Android / IOS download it for your device.

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Tuesday, 25 July 2017

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Friday, 14 July 2017

BSE to add 48 companies to Group A from July 17

  Business Standard
BSE to add 48 companies to Group A from July 17
Jul 14, 2017 08:20 PM
Leading stock exchange BSE will shift securities of 48 companies including IDFC Bank and InterGlobe Aviation to Group 'A' category, the most tracked segment on the bourse's platform, from July 17.

Aditya Birla Fashion and Retail, Crompton Greaves Consumer, Dr. Lal Pathlabs, Future Retail, GHCL, L&T Technology Services, Lakshmi Vilas Bank, Mahanagar Gas, RBL Bank, Tata Motors Ltd (DVR) and Welspun India are also listed for addition to Group 'A'.

These 48 companies would be moved from Group 'B' to Group 'A' and the decision is based on their performance in areas such as compliance, corporate governance and responsible investment. BSE reviews Group 'A' companies every six months.

"The current review of Group 'A' companies has been carried out based on March 2017 numbers," BSE said in a statement today.

Group 'A' is the most tracked segment consisting of about 300 scrips, while Group 'B' consists of more than 3,000 stocks.

The classification is based on several factors such as market capitalisation, trading volumes and numbers, track records, profits, dividends, shareholding patterns and some qualitative aspects

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Different Kinds Of Communication Verbal Communication The basic way of communication is verbal communication that includes oral and written communication. While oral communication refers to spoken words, written communication involves emails and snail mails. Oral communication may include face to face conversations or communication over the phone or voice chat over the internet. Oral communication is greatly influenced by the pitch, modulation, speed, and clarity of speaking that also reflects the mood and attitude of the communicator. Non Verbal Communication Non verbal communication is another type of communication that includes body posture, facial expression, body language, and sign language. Different gestures like a smile, a nod, a hug also play important roles in non verbal communication. Non verbal communication also includes other forms of communication including sign language, sketches, paintings, photographs and signboards. Other Types Of Communication Formal Communication Formal communication is guided by a set of rules. All types of business, corporate, and workplace communications are formal communication. The communication is official and no personal feelings or emotions should be reflected in this type of communication. Communication between two strangers should also be formal. In a nutshell, formal communication is always official, precise, and maintains an austere and reserved tone. Informal Communication Informal communication is just the opposite of formal communication. It involves a friendly tone and is usually unrestrained. Chitchatting with office co - workers, friends, neighbors, or individuals involving a casual rapport are included under informal communication. Different Styles Of Communication Assertive Communication Assertive communication is the most healthy and positive way of communication. This is the natural way of expressing inner thoughts. Self esteem plays a big role in assertive communication that gives the communicator the confidence to communicate naturally without manipulating anything. However, assertive communication is not used much in real life communication. Passive Communication This type of communication is largely based on compliance so as to avoid any sort of confrontation with the other person. A passive communicator talks less, questions even less, and does very little. Aggressive Communication Aggressive communication always involves a great deal of manipulative techniques to make people do whatever you want. Different tactics used in aggressive communication include guilt, intimidation, and anger. Get the Android Version from the Play Store Get the iOS Version from the AppStore

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Ek parfect Suruaat

Our Profile

Corporate Profile

Wonder Cement is a cutting-edge cement manufacturing company with an ambition to establish itself as a leading player in the industry. Enriched with the heritage of R.K. Marble, a leading name in the marble industry, our corporate culture is built on the values of quality, trust and transparency. An emphasis on technological superiority enables us to differentiate our offering through impeccable quality and effective communication. With an extensive network of dealers, we endeavor to earn a place in the premium segment of the market.

Cement Plants

Our cement plant, located in Nimbahera, District Chittorgarh, in Rajasthan, has a capacity to produce 6.75 Million Tons per year. The state of the art manufacturing unit was established in technical collaboration with ThyssenKrupp and Pfeiffer Ltd. of Germany, the world leaders in cement technology, and it produces cement at par with international standards. Special effort was taken to ensure that the plant upholds the latest environmental norms and with the help of a reverse air bag house, ESP and a number of nuisance bag filters, the plant remains clean & dust free.

Wonder Cement has ambitious plans to further expand its current capacity to 10 Million tons by setting up a third production line for which land and layouts are ready.

Chairman's Message

Dear Stakeholders,

Thank you for being a part of Wonder Cement!

Wonder Cement came into being with a dream to build a better place for the youth, their families and the nation at large. Not only did we dream of being one of India's top cement manufacturer, but transformed this dream into a reality by setting up one of the first fully-automated plants in India. We have invested in state-of-the-art German technology and were one of the first to introduce new standards of quality control.

Cement is the foundation upon which we construct our lives, our homes, our schools, our roads and our societies. Our structures will not only serve the generations of tomorrow, but will also carry our legacy as they stand the test of time.

We have come a long way and have always strived to blur the thin line between dreams and realities. Today, Wonder cement's parent company, R K Marble, is a thriving brand in India. Since dreams and possibilities arise with every new beginning, Wonder Cement's promise to you is Ek Perfect Shuruaat.

I would like to extend my gratitude to all employees, customers, suppliers, financial institutions, advisors and other stakeholders, for their dedication and undying support. Our central focus is and will always be to create value for our stakeholders. As long as we are committed to providing best quality of product and services, I am sure we will continue to be India's most respected cement producing company.


Ashok Patni

Chairman, Wonder Cement


Mr. Ashok Patni


The journey of Mr. Ashok Patni, chairman emeritus of R.K. Group, is a narration of deep values, ambition and success. From his native place in Kishangarh, with the legacy of a family-run wholesale business in grains, his quest began with a dream for a larger canvas.

Mr. Patni set up R.K. Marble in May 1989 with a clear vision and objective to establish the nascent company as a major player in the national and international market. Today, the company employs the latest mining technology, has expanded production abroad and holds the title of the largest marble producer from the Guinness Book of World Records.

Currently he serves a pivotal role in the diversified business of cement, where he has imprinted his trademark of honesty, integrity, transparency and quality. Under his leadership, Wonder Cement has already acquired the distinction of being the best quality cement in the country, certified and buttressed by numerous independent agencies, dealers and end-users.

For Mr. Patni, work is a passion - a hobby practiced and pursued from his early calls at the factory. He has a profound love for nature and is highly passionate about development of greenery and plantation. His strong commitment to society has been the driving force behind the extensive welfare and social programs undertaken by the company, which go above and beyond the mandatory corporate social responsibility.

His determination, his leadership and his compassion are qualities that make Mr. Ashok Patni a true visionary. In the years to come, his influence will be of paramount importance to the success of the company as he continues to build the dream that began his career.

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Thursday, 13 July 2017

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Wednesday, 12 July 2017

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Technical GST taxes in review

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Thursday, 6 July 2017

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