IBMA, in the SME sector face closure, GST at 18%
Why 18% GST on Biscuits when noodle GST rate is 12%.
Media interaction with the association of Indian Biscuits Manufacturers’ Association, Mr. B P Agarwal, President, (IBMA) told that , “Biscuits are common product of consumption from a rickshaw puller to a low-wage laborer in search of hygiene, energy, nutrition at a low cost.
Similar food products are subject to LOWER GST RATES, such as Sweets (5%), Processed Dry fruits (5%), Tea(5%), Juice, Namkeen, Jam/Jelly, Noodles, Pasta, Tomato Ketch-up (all 12%) but to utter surpise GST at 18% is imposed on Biscuit.
We urge the government to review their decision of imposing 18 % GST on Biscuit industry. There is urgent need to bring down the GST rate to 12% to avoid stagnation in growth of the industry” He further added that at the Proce level of Rs.5/- today the biscuit packet contains 50 grammes by weight , but if GST is not brought down to 5% , they may be forced to reduce this weight to 35 or 40 gms.
Biscuit manufacturers, especially in the SME sector, are hard hit because of unjustified imposition of Goods & Services Tax (GST) at a very high rate of 18%. The growth in the industry has started to stagnate since the imposition of the 18% GST and there is urgent need to bring down GST rate to 12%.
Biscuit is a mass consumption food product, hygienically processed and consumers of biscuit belong predominantly to the poorer segment but biscuits have been mistakenly understood to be a premium product, preferred for the consumption by the affluent society, whereas biscuit has been placed in the higher tax slab denying level playing field for biscuits in contrary to similar products.
Mr. Anoop Bector, MD of Cremica Biscuits was not present but send a note saying that “Biscuit is made of agricultural products like wheat, vegetable oil, sugar and milk and higher production of biscuit would benefit larger number of farmers.
Mr Shekhar Agrawal present made it known that Biscuit is highly Labour intensive, and stagnation in growth in production would adversely affect the industry which is estimated to provide employment to about 7.5 lakh workforce directly and more than 30 lakh persons indirectly in marketing, retail network, transport etc”.
All the people expressed that in case of any Natural calamity or Disaster the first consignment which is airlifted to the affected areas is packets of Biscuits and also it is in the World food programme and as such it is not a luxury but a essential food and basic necessity for the masses.
“Biscuit industry is subjected to escalation in cost of inputs/ingredients due to higher cost of transportation, fuel, packaging, wages etc.”added Mr. Pankaj Agarwal, CEO of Bonn Biscuits.
Swami Ramdev who was speaking to Sagar Media inc Senior Correspondent , SAgrawal during the launch of Patanjali Online expressed that GST needs to reviewed for lot of daily use items and also he was categorical in mentioning the Biscuit Industry which is under strain and the Government needs to may be have two slabs of taxes for biscuits of premium and ordinary category.
Concluding the Interaction it was proposed that certain category of biscuit is like salt and even the Government may think of abolishing the tax structure applicable as this is a healthy food even being served to patients in the Hospitals and case of emergencies all over the country.
IBMA has informed that they have submitted detailed representation to the Hon’ble Prime Minister Mr. Narendra Modi, Union Finance Minister Mr. Arun Jaitley, Union Minister for Food Processing Industries Miss Harsimran Kaur Badal and also to the Finance Ministers of all states, who are members of the GST Council.
Mr Shekhar Agrawal present made it known that Biscuit is highly Labour intensive, and stagnation in growth in production would adversely affect the industry which is estimated to provide employment to about 7.5 lakh workforce directly and more than 30 lakh persons indirectly in marketing, retail network, transport etc”.
All the people expressed that in case of any Natural calamity or Disaster the first consignment which is airlifted to the affected areas is packets of Biscuits and also it is in the World food programme and as such it is not a luxury but a essential food and basic necessity for the masses.
“Biscuit industry is subjected to escalation in cost of inputs/ingredients due to higher cost of transportation, fuel, packaging, wages etc.”added Mr. Pankaj Agarwal, CEO of Bonn Biscuits.
Swami Ramdev who was speaking to Sagar Media inc Senior Correspondent , SAgrawal during the launch of Patanjali Online expressed that GST needs to reviewed for lot of daily use items and also he was categorical in mentioning the Biscuit Industry which is under strain and the Government needs to may be have two slabs of taxes for biscuits of premium and ordinary category.
Concluding the Interaction it was proposed that certain category of biscuit is like salt and even the Government may think of abolishing the tax structure applicable as this is a healthy food even being served to patients in the Hospitals and case of emergencies all over the country.
IBMA has informed that they have submitted detailed representation to the Hon’ble Prime Minister Mr. Narendra Modi, Union Finance Minister Mr. Arun Jaitley, Union Minister for Food Processing Industries Miss Harsimran Kaur Badal and also to the Finance Ministers of all states, who are members of the GST Council.
IBMA has also sought intervention and support from Members of Parliament from various political parties for favorable consideration of levy of GST at lower slab of 12%.
“Lowering the rate of GST on Biscuit would result in higher production and would not affect revenue to the Central and State Governments,” was the opinion expressed in a note by Mr. Deepak Bherwani, Director, Krown Biscuits.
“Lowering the rate of GST on Biscuit would result in higher production and would not affect revenue to the Central and State Governments,” was the opinion expressed in a note by Mr. Deepak Bherwani, Director, Krown Biscuits.
The media meet of IBMA was attended by various medias and biscuits manufacturers in large number and showed keen interest on the ready made food of biscuits for all purposes.
ELECTION COMMISSION PRESS CONFERENCE
MEDIA ADVISORY FOR ELECTION COMMISSION PRESS CONFERENCE
The Election Commission shall address a Press Conference to announce Election Schedule to Legislative Assemblies of Meghalaya, Tripura & Nagaland at 12 Noon today, 18th January ,2018 at Nirvachan Sadan, New Delhi.
Please follow following instructions
- Correspondents
- Entry to the 4th Floor Press Conference Hall /venue shall be strictly on the basis of special entry passes, which shall be available from Special Desks set up in front lawn of Nirvachan Sadan from 10.30 AM onwardstoday.
- Only one special pass will be issued per media organizationon a first-come, first-served basis on production of PIB Card.
- First , PIB Accredited media persons will be issued “Special Entry Pass”
and
- afterwards based on the availability of seats‘Special Entry Pass” will be issued to Non-PIB Accredited media persons based on Identity card of Media Organisation.
- As the number of entry passes are limited, you are advised to collect the same expeditiously on a first-come, first-served basison production of PIB Card.
- Still Photographers & Audio-Visual Camerapersons
Entry to the Press Conference Hall on 4thFloor is restricted to the following agencies:
- Still Photographers: Photo Division, PTI, & UNI,
- AV Camerapersons: Doordarshan & ANI
- (C) LIVE VISUALS / RAW FEED
- Live visuals/ Raw Feed of the press conference shall also be available at Media Centre at Ground Floor via a pool signal.News channels who wish to access the same, may authorize their Reporter/ Correspondent to collect entry passes for their technical staff, from Special Desks set up in front lawn of Nirvachan Sadan between 10.30AM and 11.50 AM today. Up to 2 passes only, per channel, shall be issued on production of PIB Card or Identity card of Media Organisation.
Such technical Staff/s will be allowed access to Media centre at Ground Floor for smooth reception of pool signal.
Rajesh
Mumbai Maharathi pulls out of PWL
In a reaction to unethical act by the organisers of the PWL, led by Sunil Yash Kalra, the CEO of ProSportify, the team owners of Mumbai Maharathi have decided to withdraw from the 3rd edition of the PWL with immediate effect, according to a release issued by the team today
While the team management has taken in its stride several instances of mismanagement and operational glitches by the league organisers, they reacted strongly to the incident that occurred at the toss between Mumbai Maharathi and their opponents. After Sakshi Malik won the toss, she oped to block the wrestler in the 74 kg category, but was prevented to so so by the organisers in a clear violation of the rules. Sakshi then had no option but to block a wrestler in another weight category and the 74 kg category proved vital in the final outcome of the match, with Mumbai Maharathi losing the tie 3-4 to Veer Maratha.
According to the rules, one weight category cannot be blocked for consecutive matches and for a total of 2 out of the 5 league matches. Mumbai Maharathi had blocked the 74 kg category in their first encounter and now sought to do so in their third encounter, adhering to the rules, but the league organisers stepped in to twist the rules and thwart Mumbai Maharathi.
Mumbai Maharathi are the 6th owners who have walked out of the league in 3 years.
.
Regards
Anuja Sharma
8860228778
56 billion animals are subjected to unbearable conditions
| Danny Auron – Avaaz <avaaz@avaaz.org> |
| To nksagar_1@yahoo.com <nksagar_1@yahoo.com> |
| Thursday, 18 January, 2018 1:21 AM |
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WOMEN ENTREPRENEURS & EXECUTIVES DELEGATION TO USA
Feb 19-23, 2018 : Washington D.C., Pittsburgh/Boston & Silicon Valley, CA
Building on the success of the eight edition of the Global Entrepreneurship Summit (GES) 2017 held first time in India in the city of Hyderabad from Nov 28 -30, 2017, FICCI is building a delegation of technology led women entrepreneurs to the United States of America in February 2017.
The GES was the largest entrepreneurial conference attended by over 1200 entrepreneurs from across the world that was jointly organised by NITI Aayog and the Government of the United States of America. The Summit was inaugurated by Hon’ble Prime Minister of India, Shri Narendra Modi in the presence of Ms. Ivanka Trump, Advisor to President Trump who was leading the US delegation.
On the sidelines of the GES 2017, the Federation of Indian Chambers of Commerce and Industry (FICCI) jointly with NITI Aayog organized seven Road to GES events in Chennai, New Delhi, Bengaluru, Mumbai, Bhubaneshwar, Chandigarh and Hyderabad which brought together over 1500 entrepreneurs and key stakeholders from the innovation and entrepreneurship ecosystem. Over 50 percent participation in each of these programs was from women entrepreneurs.
To keep the momentum on by strengthening the ecosystem that nurtures and fosters entrepreneurship, FICCI is partnering with leading institutions and universities in the US to design a one week programme especially for women entrepreneurs from India. As a part of this delegation, FICCI will be organising immersion boot camps, B2B Meetings, visit to iconic companies and interaction with US investors. The visit will culminate with a cultural evening.
We invite women entrepreneurs & executives from across the country from diverse sectors including but not limited to pharmaceuticals, healthcare, biotechnology, energy, media, financial technologies, information technology, cyber security, water, artificial intelligence, virtual reality, robotics, e-commerce,etc. to join the delegation.
To defray a part of the expenses incurred in connection with organizing the visit, a delegation fee of INR 50,000/- ( + GST @ 18%) is being charged per delegate. The travel & accommodation cost has to be taken care of by the delegate themselves.
For any further details & registration, your office may please feel free to get in touch with my colleague Mr Amit Tyagi, Additional Director, FICCIamit.tyagi@ficci.com. Last date of registration is 24th Jan 2018.
Looking forward to your response at the earliest.
With best regards,
Nirankar Saxena
Deputy Secretary General
FICCI
Deputy Secretary General
FICCI
68th Senior National Championship for Men and Women begins today
68th Senior National Championship for Men and Women begins today at JLN Stadium, Chennai
Chennai 17th January 2018: The 68th Senior National Championship for Men and Women has started at the JLN Stadium, Chennai. 57 teams from all over India are participating which includes 31 Men’s teams and 26 Women’s teams. All the scores from Day 1 morning matches are below:
| Category | Level | Group | Winning Team | Winning Team Pts | Losing Team | Losing Team Pts | QaurteWise Pts | Winning Team Top Scorers | Losing Team top Scorers |
| Women | 1 | B | Rajasthan | 89 | Telangana | 61 | 26-16,17-17,28-11,18-17 | A.S. Thampi 27pts, P. Divya 18pts, M. Gayathri | Nisha Sharma 31pts |
| Women | 1 | B | Indian Railways | 89 | Delhi | 39 | 32-07,16-08,18-09,23-15 | S. Menon 15pts, Navaneetha 16pts | Pratima Singh 16pts |
| Men | 2 | F | Maharashtra | 65 | Bihar | 41 | 09-13,15-24, 10-19,07-09 | Rohit Kumar 13 pts, Sanjeev Kumar 12pts | Amit Gahlot 19pts, Rakesh 09pts |
| Men | 1 | B | Punjab | 76 | Gujarat | 65 | 22-12,10-10,20-27,24-16 | Gurvinder Singh Gill 22pts, Satnam Singh 17pts, Rajveer Singh 14pts | Harpal 17pts, M. Kasirajan 15 pts |
| Men | 1 | A | Uttrakhand | 85 | Odisha | 62 | 21-11, 27-16,21-17,16-18 | Mohit Bhandari 20pts, Murali Krishna 17pts, Arjun Singh 15pts | Suman Sahoo 19pts, Ashok Kumar Nayak 12pts |
| Men | 2 | D | A.P | 76 | J&K | 75 | 25-17, 21-15,18-19,12-24 | T. Tammu Sandeep 20pts, J. Tharun Kumar 19pts | Ranbir Singh 18, Iqbal 19pts |
| Men | 2 | D | Pudducherry | 22 | Telangana | 54 | 13-25,5-22,2-5,2-2 | Sri Ganesh Patil 15pts, Prudhvi Reddy 8pts | |
| Men | 2 | C | Chhatissgarh | 49 | Goa | 32 | 12-06,10-05,08-10,19-11 | Pratham Singh 15pts, Krishna Pandy 10pts | Flobert 14pts, Dilano 12pts |
| Men | 2 | F | U.P | 88 | West Bengal | 76 | 15-10,17-17,21-23,00-12 | Sagar Joshi 28pts, Arshdeep Singh 16pts | M. vivek 29pts, Vishal kumar 29pts |
Veere Di Wedding to release June 1st 2018 !
Veere Di Wedding starring Kareena Kapoor Khan, Sonam Kapoor, Swara Bhaskar and Shikha Talsania is all set to hit theatre screens on the 1st June 2018.
There has been massive anticipation surrounding the film ever since it’s announcement, as two power producers Ekta Kapoor and Rhea Kapoor came together ,to present audiences with a fun ride that explores the spirit of the modern day Indian woman.
With the posters of Veere Di Wedding piquing the audiences’ curiosity even further, the wait is finally over as the wedding of the season will now release on the first Friday of June this year.
Says producer Ekta Kapoor, ” This is definitely going to be a wedding to remember . We are happy to announce that Veere Di Wedding will release on the 1st June 2018″.
Adds producer Rhea Kapoor, ” We are hoping that Veere Di Wedding will usher in a new phase in the Hindi film industry. Nothing like this has been attempted before and we hope it’s a fun ride for the audience”.
Directed by Shashank Ghosh and written by Mehul Suri and Nidhi Mehra, the film stars Kareena Kapoor Khan, Sonam Kapoor, Swara Bhaskar and Shikha Talsania.
PM Modi to receive Israel PM Netanyahu in Gujarat
January 16, 2018 | Author: admin
The Prime Minister, Shri Narendra Modi, will join Israel Prime Minister, Shri Benjamin Netanyahu, and Mrs. Sara Netanyahu, on a visit to Gujarat.
The city of Ahmedabad will greet Mrs. and Mr. Netanyahu with a reception, as they proceed to Sabarmati Ashram from Ahmedabad Airport. They will pay homage to Mahatma Gandhi at Sabarmati Ashram.
Prime Minister Modi and Prime Minister Netanyahu will inaugurate the iCreate Center at Deo Dholera Village in Ahmedabad. They will visit a Startup Exhibition and interact with innovators and Startup CEOs. The two Prime Ministers will dedicate a mobile water desalination van to Suigam Taluka, of Banaskantha district, through a video link. Both leaders will also address the gathering.
Prime Minister Netanyahu and Prime Minister Modi will also visit the Centre of Excellence for Vegetables at Vadrad in Sabarkantha district. They will be briefed on work plan of the Centre. They will inaugurate the Centre of Excellence for Date Palms at Kukama, Kutch District, through a video link. The two Prime Ministers will also interact with farmers.
Prime Minister Netanyahu will later depart for Mumbai.
68th Senior National Championship Basketball
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