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Rajasthan: Petrol gets cheaper by Rs 4 per litre, diesel by Rs 5
The Rajasthan government on Tuesday lowered the VAT on petrol and diesel making them cheaper by Rs 4 per litre and Rs 5 per litre in the state. The new rates will be effective from midnight, Chief Minister Ashok Gehlot announced.
This will result in annual revenue loss of Rs 3,500 crore to the state.
"In the cabinet meeting today, it was unanimously decided to reduce the rate of VAT on petrol and diesel. After this, the rates will be reduced by Rs 4 per litre in petrol and Rs 5 per litre in diesel from 12 o'clock tonight,” Rajasthan Chief Minister Ashok Gehlot tweeted.
A day before Diwali, the government of India had slashed excise duty on petrol and diesel by Rs 5 and Rs 10 per litre.
Interestingly, following the excise duty cut, BJP-ruled states, Punjab and Odisha had reduced VAT on fuel to further reduce the prices. Some Congress-ruled states, however, had not cut VAT and had demanded further reduction in central excise duty.
After the cabinet meeting, transport minister Pratap Singh Khachariyawas said that the decision was taken to give relief to the public.
He targeted the Modi government over the expensive petrol and diesel and alleged that the government was working to weaken states.
Khachariyawas said that there should be a one nation one rate policy for petrol and diesel and the transportation cost should be borne by the Centre.
He said that before Modi government came to power in 2014, the crude oil price in international market was USD 111 per barrel and the rate of petrol in the country was Rs 61 per litre but when the crude oil price in international market is USD 82 per barrel, the fuel in the country is expensive because the Modi government has increased excise duty by Rs 40-45 per litre in six years.
“The Centre increased excise duty by Rs 40-45 per litre in six years and reduced by Rs 10-15 to please people. There should be a one nation one price policy for petrol and diesel in the country and the central government should bear the cost of transporting the fuel,” he told reporters.
The minister said that the central government has reduced the share of the divisible pool to be shared with the states due to which the share of the states has come down.
At the same time, he said, the special and additional excise duty has been increased continuously.
He said that people should analyse the policies of the former UPA government led by Manmohan Singh and the present Modi government.
"People are suffering badly due to high inflation and price rise. Apart from petrol and diesel, the rate of LPG cylinders has also increased and the Centre should restart subsidy on cylinders,” he said.
The cabinet also cleared a proposal to allot free land for greenfield airport in Kota.
Apart from it, the cabinet approved amendments in land allotment policy-2015 under which free land can now be allotted for various welfare activities for women, differently abled, children, elderly people, beggars, transgenders etc.
(with PTI inputs)
The three year old home-grown brand has a significant customer base within India and, internationally and, is endorsed by top women CXOs in the country. It has registered a growth of 50 percent Q-o-Q. The return rate for its products is negligible, in contrast to most e-commerce players, owing to their focus on product quality and fits. Besides, it generates half of its revenues from repeat customers – a proof of its brand loyalty.
In a short span of seven years Vineet’s vision for making Bestseller Brands the fastest growing brands in India has come through. This purely attributes to his passion, guidance and leadership that Jack & Jones, Only, Vero Moda, Selected Homme and Junarose are most preferred fashion brands today.
Desigual is Mediterranean, and this is where their inspiration comes from. This lifestyle is their language and it is conveyed through their designs, stores and communication. The brand believes in feeling comfortable in your skin, loving yourself, being present in the here and now, and feeling alive.
To build credibility, the brand has added a unique tracer in the fabric thus ensuring source credibility. Tracer is a method of identifying the journey of the fi nal garment and its origin from fibre stage. This is a globally accepted method and gives visibility of source.9BLABELB Label is driven by the potential that sustainable fashion holds for a greener future. As a brand, it strives to be sustainable at their core and to support this it works with one of the world’s most durable and eco-friendly natural fibres – Industrial Hemp.
“With the advent of online shopping, India has witnessed a considerable change in the buying behaviour of consumers over the years. This has caused a shift in the market dynamics for fashion-based businesses. The market will be defined by emerging technologies that change the way consumers interact with their favourite brands and there will be a shift in preferences. E-commerce will continue to become the most popular shopping medium across the board. The physical stores may turnaround as experiential zones for the respective brands, equipped with next-level technological advancements,” Kumar states.
Since performance fabrics and apparels are exposed to a wide range of external conditions including sunlight, rain, wind, cold or warm weather conditions and physical activity interaction with the human body, it becomes extremely vital to pay more attention to the traits than the style of the fabric.
Fashion accessories have only recently been introduced into the formal retail experience. From a long history of being available only in the unorganised, unbranded markets in India, today, the fashion accessory has gained a strong foothold in the lifestyle shopping category. Fashion accessories are now available in curated collections through luxury boutiques, high street brands, international accessories chains, international brands with accessories sections and multi-brand outlets.
Retail Stores Where You Shop From – Berluti and Cole Haan are my personal favorite as these brands balance comfort and fashion really well.4Narinder Singh Dhingra, Chief Managing Director, Numero UnoBest Decision of Your Professional Career – Getting into the denim business and establishing our own Indian brand ‘Numero Uno’ is one the best decisions of my life.
Sundeep K. Chugh is the Chief Executive Officer of Benetton India Pvt Ltd. He has also served as Commercial Director and has proven commercial, marketing, retail development and human resources expertise.Chugh – who holds a business degree from Delhi University and is a certified Chartered Accountant from Institute of Chartered Accountants of India (ICAI) – redeveloped Benetton’s distribution strategy in India, moving the company from a purely retail model to a more balanced wholesale and retail model. He successfully attracted new partners and expanded the sales network, creating the largest network of stores and retail space in India.
On the topic of marquee brands, speculation is rife that Arvind Lifestyle Brands is set to take over cosmetics chain Sephora’s India operations, but Suresh refuses to confirm the rumours. “At this point, this is pure speculation,” he insists. On a possible alliance with Japanese fast fashion major Uniqlo, news of which first emerged in 2013, Suresh confirms that there is no development on that front.”Post our initial talks in 2013, Uniqlo had lowered its interest in India. I am not aware if they have displayed a revival of interest in entering India in recent times.”
Desigual enables a bold and beautiful fashion statement, with its unique designs and bright hues, sure to be a popular hit with the Indian fashion palate. The brand offers clothing for women, men, and children segments –– as well as a collection of unique accessories. Desigual is present in nearly 90 countries through 10 sales channels, over 500 branded stores and six product categories: woman, man, kids, accessories, shoes and sport.
“With ever-increasing warehouses and distribution centres, there has been a spike in demand for skilled workers. For example, in the US, it is estimated that warehouses and distribution centres will need more than 5 lakh workers by 2020. But in a country which is already labour strapped and with not enough skilled workers, robots are proving to be a better alternative to fill the gap. Delivery services, food retailers etc. are all experimenting with robots, drones and self-driving cars in order to reduce on their delivery time as well as high costs,” he adds.
– Consumers are Choosing Multichannel Buying Experiences: Customers are moving seamlessly between online and offline experiences, and are open to retailers who can best facilitate these transitions. The explosion in mobile retail means in-store research and showrooming – the practice of viewing a product in-store only to make the purchase online – are now more common than ever. On the other side of the coin, online orders can be delivered to a local store – often for free – further closing the divide between online and offline retail. The solution here is to focus on creating a second-to-none customer experience across all channels. Customers are looking for retailers they can be trusted to deliver exceptional service time and again.
Since being appointed MD and CEO in 2009, Jain believes his biggest achievement has been able to put together a great team of committed colleagues to drive the brand’s growth. “In the last four years, we have doubled the number of points of sale directly with internal accruals and debt funds only, selling one Lacoste product every two minutes!” he points out.
The festive season in India, which starts in September and goes on till December, needs a special mention when it comes to ethnic wear consumption in India. Thanks to the custom-and-tradition-abiding nature of the country, the women’s ethnic wear market in India witness a boost during this period.
J.Suresh is the Managing Director & CEO of Arvind Lifestyle Brands Ltd, the Brands & Retail subsidiary of India’s largest textile company Arvind Ltd.Suresh joined the company in September 2005 and since then has turned around the company by strengthening brands and retail portfolio of Arvind through organic growth and acquisitions and aggressively growing Megamart as a leading value retail chain in apparels.
Commenting on the opening of the store, Tomohiko Sei, CEO UNIQLO India, said, “We are excited to launch our second store within two months of our debut in India. CyberHub is a unique location and is a hub that brings together people from all walks of life, culture and diversities much as UNIQLO’s philosophy of Made for All. We are confident that UNIQLO’s highly functional and high quality apparel that we call LifeWear will be loved by one and all.”