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Jose Antonio Cachaza, Managing Director, LaLiga India, talks about the challenges at hand while trying to bring famous clubs to India.

It is a known fact that Spanish LaLiga has a massive fan base in India. Initially, the fandom rose rapidly for major clubs like Barcelona, Real Madrid, and Atletico Madrid. But, over the last 5 years, since the inception of the league's investment on various fronts in the country, the awareness and popularity of other clubs have reached a wider audience. But one aspect of their engagement scheme is yet to be executed. And Jose Antonio Cachaza, Managing Director, LaLiga India, lists what that is.

The only known Spanish club to have come to India is Girona FC in 2018. Jose Cachaza, while speaking to the Hindustan Times during a virtual press call organized by LaLiga, revealed that they are planning on bringing a top club to India soon and talked about how the wretched virus foiled their plans.

"We are working towards it. We are talking about names and places with relevant local promoters. We always organize these matches with local promoters.

"First Girona came. The next club coming in will be more relevant, meaning a club that plays European competitions more regularly. This will be a step towards bringing one of the big ones. This was the strategy but Covid-19 came and everything had to be put on hold. We are still on hold as it is impossible to plan in this situation. We cannot plan during the pre-season this year," elaborated Cachaza.

He further listed numerous challenges that they face while organizing such trips; one of the main reasons include the lack of a proper window.

"First, we have to organize in a way that it brings reasonable business to the local partners. Secondly, we have a narrow window. It has basically been reduced to the second half of July. We do not have much to work with.

"Other possibilities are FIFA (tournament) windows but this means the club will come with no international players. Post season isn't easy either. In July, because of the Indian summer, it's too hot to hold football matches. There are many constraints but we are working with incremental approach and we are working towards bringing a very top team," Cachaza concluded.

Cacazha, along with fellow LaLiga delegates, has been working actively towards increasing the reach of the popular European League since 2017. “The bid to increase accessibility for local fans has also led to numerous other success stories in these five years, including a 2000% increase in social audience, establishment of several grassroots development initiatives that have impacted more than 20,000 youth in the country, creation of strong relationships with local partners and strengthening ties with Indian fans,” reads an official release. Source : ht

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The United Nations World Health Organization (WHO) on Friday launched new guidelines on the role that tobacco product regulations can play in saving lives by reducing the demand for tobacco and tobacco products – estimated to kill over seven million people annually.

The new guide together with an accompanying publication will help governments “do much more” to implement regulations and address the exploitation of tobacco product regulations, highlighted the UN health agency.

“The tobacco industry has enjoyed years of little or no regulation, mainly due to the complexity of tobacco product regulation and lack of appropriate guidance in this area,” said Douglas Bettcher, the Director of the WHO Department for the Prevention and Control of Noncommunicable Diseases.

“Tobacco product regulation is an under-utilized tool which has a critical role to play in reducing tobacco use [and] these new tools provide a useful resource to countries to either introduce or improve existing tobacco product regulation provisions and end the tobacco industry ‘reign’,” he added.

The guide, titled Tobacco product regulation: Building laboratory testing capacity, provides practical and stepwise approaches to implementing tobacco testing relevant to a wide range of countries, especially those with inadequate resources to establish testing facilities.

It also provides regulators and policymakers with comprehensible information on how to test tobacco products, what products to test, and how to use testing data in a meaningful manner to support regulation.

The guidelines will also assist in the implementation of the WHO Framework Convention on Tobacco Control – a global treaty combatting the tobacco epidemic – through strengthening tobacco product regulation capacity in WHO member States.

According to Vinayak Prasad, the head of the Tobacco Free Initiative at WHO, most countries “hesitate” to implement policies, due in part to the highly technical nature of such policy interventions and the difficulties in translating science into regulation.

“Failure to regulate is a missed opportunity as tobacco product regulation – in the context of comprehensive control – is a valuable tool that complements other tried and tested tobacco control interventions, such as raising taxes, and ensuring smoke-free environments,” he explained.

The accompanying publication, Case studies for regulatory approaches to tobacco products – Menthol in tobacco products, includes practical steps as well as policy options countries can employ to make regulations more effective, such as the regulators’ enforcement of a total ban on the use of flavours in tobacco products such as menthol.

The guidance document and the accompanying publication were launched at the 2018 World Conference on Tobacco or Health in Cape Town, South Africa. Source : un.org

 

 

 

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District Consumer Disputes Redressal Commission directed BPL Company having its office in Bangalore to repair the damaged washing machine delivered to the Ludhiana consumer to his satisfaction and pay Rs5,000 compensation; however it dismissed the complaint against Amazon.in as it was only an intermediary.

For failing to repair a damaged washing machine delivered to the consumer, District Consumer Disputes Redressal Commission asked BPL Company having its office in Bangalore to repair the machine to the satisfaction of the complainant and pay Rs5,000 compensation.

The Case

Gurmeet Singh of Jagraon, Ludhiana, in his complaint against Amazon.in company and BPL company said he purchased online a BPL 6.5 Kg fully automatic front-loading washing machine from the respondents for Rs17,690 on February 14, 2018.

After two days when washing machine was delivered, it did not function. The complainant noticed the cover part of the machine was damaged to which he lodged a complaint with respondents through an email on February 21, 2018 following which he was assured that the damaged part would be dispatched within 10-15 days.

However, a technician reached the complainant on November 30, 2018, and after checking the washing machine assured that the damaged part would be changed shortly.

Thereafter, the complainant contacted the BPL Company several times but to no avail.

Alleging deficiency in services Gurmeet sought refund of Rs17,690 along with interest @18% per annum in addition to Rs60,000 compensation for mental harassment.

Officials from the BPL Company did appear before the commission and counsel for Amazon.in said it is only an intermediary as per the Information Technology Act, 2000. “The seller of the product is only responsible and Amazon.in is not involved in the sale transaction, which is between the user and seller, and its role is only that of a facilitator,” read the submission of Amazon.in.

DCDRC’s order

Dismissing the complaint against Amazon.in the Commission observed that the washing machine in question was not being sold by it and it was only an intermediary.

“It is evident with the BPL company, being the manufacturer of the washing machine, it promised to repair the same that was delivered in damaged condition to the complainant. Since the washing machine was never repaired, it would be just and appropriate if the BPL Company is directed to repair the washing machine to the satisfaction of the complainant further made to pay a composite compensation of ₹5,000 to the complainant,” read the order of the Commission. Source : ht

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The production, distribution and sale of these products are now a punishable offence even as Bihar enters the peak season of weddings and family functions, when such items are in high demand.

A ban on the use of single-use plastic items and thermocol products came into effect in Bihar on Wednesday, leaving traders, especially members of the CAIT (Confederation of All India Traders), worried over its impact on business.

The production, distribution and sale of these products are now a punishable offence even as Bihar enters the peak season of weddings, family functions and large ceremonies, when such items are in high demand.

CAIT members said the ban on single-use plastic items and thermocol products will result in huge losses for traders. They have demanded that the ban should be pushed back.

The ban comes following the Union government’s decision to eliminate single-use plastic items and thermocol products from the country from July next year.

In June 2018, Prime Minister Narendra Modi had made the announcement, asking the states to draw up a comprehensive action plan for elimination of single-use plastics and effective implementation of the Plastic Waste Management Rules, 2016.

In August this year, the ministry of environment, forests and climate change notified the Plastic Waste Management Amendment Rules, 2021, prohibiting the manufacture, import, distribution, sale and use of multiple types single-use plastic items from July 1, 2022.

“In our state, this ban has been made effective before the 2022 deadline. We need time to completely stop this trade and want the ban be implemented here in 2022,” said Kamal Nopani, the CAIT’s Bihar wing chairman.

A memorandum was submitted to the forest department a couple of months ago and Bihar’s traders have made an appeal to the Centre to reconsider their request, he said.

The CAIT’s Bihar chief said that the state forest department had announced its decision about the ban back in June this year. “Traders were asked to clear their stocks before the deadline. But things did not materialise. In fact, December is the season of weddings and celebrations, and so it’s also the time of business and earnings. Traders have for months been waiting for this season, “ Nopani said.

Prem Kumar Gupta, a Patna-based trader who deals with plastic and thermocol items, also said the products are used mainly during weddings and celebrations. “We had to wait for the buyers. After all, wedding planners don’t purchase these materials long before the events,” he said.

Aman Kumar, another trader, said business will now be hit hard due to the implementation of the ban. “After a long gap [due to the pandemic], traders were having a good time. The demand was high and income was good. But then came the ban on the trade [of single-use plastic items and thermocol products],” he said. “We should be allowed to continue business in the peak wedding season. The ban should be implemented in June 2022.”

Forest minister Neeraj Kumar said traders have been requesting a push-back to the implementation of the ban. “But this decision will be taken by the government. For now, the ban should be followed,” he said.

A Bihar State Pollution Control Board employee, who did not wish to be named, said the ban was announced in June, and its violation will be punishable “under the Environment Protection Act, 1986. It can either be fine of Rs1 lakh or five years of imprisonment or both”. Source : ht

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Air Deccan takes wings again, flies to Jalgaon

Written by Monday, 18 September 2017 09:34

India’s first low-cost carrier Air Deccan, which ceased operations after being acquired by erstwhile Kingfisher Airlines in 2008, took off wings again as a commuter airline with its maiden flight taking off for Jalgaon from Mumbai on Saturday.

The flight, DN 1320, took off for Jalgaon, around 400 km from here in North Maharashtra, from the Chhatrapati Shivaji International Airport (CSIA) here this afternoon.

“It’s a sense of great beginning. A sense of being fortunate that Air Deccan is taking off again,” Air Deccan chairman Capt G R Gopinath told PTI.

There was a dream of taking flying to every possible corner of the country, which did not come to fruition because of Air Deccan’s merger with the Kingfisher Airlines in 2008, he said.

“Now I have the opportunity to relaunch operations across the country,” said the pioneer of low-cost aviation in India.

The flight was inaugurated by Maharashtra PWD Minister Chandrakant Patil along with Gopinath.

However, the maiden flight was marred by delay. The aircraft took off at around 2.55 pm instead of the scheduled departure of 1.20 pm. It landed at the Jalgaon airport at 4 pm where it was given a traditional water cannon salute.

Air Deccan’s strategic partners Shaishav Shah of Ahmedabad-based GSEC Ltd and Himanshu Shah of Monarch Networth Capital as well as senior DGCA officials were on-board the inaugural flight.

Air Deccan received the scheduled commuter operator (SCO) permit from regulator Directorate General of Civil Aviation (DGCA) yesterday.

In the first phase of operations, Air Deccan plans to provide connectivity to Jalgaon, Nashik and Kolhapur from Mumbai and Pune.

Air Deccan had bagged 34 routes in the first phase of bidding for Udan scheme, which caps fares at Rs 2,500 for a flight under hour duration.

For the Jalgaon flight, the airline has pegged fares at Rs 2,250 for 50 per cent of the seats, to be operated under the Regional Connectivity Scheme, while the ticket price for the remaining nine will be Rs 4,500 per seat, an official said.

Air Deccan has deployed a 19-seater plane, Beachcraft B-1900D, (18 passengers and one crew member) on the Mumbai- Jalgaon route. The same aircraft will come back to Mumbai and then fly to Nashik this evening.

Flight operators, awarded routes under the scheme, are entitled to a subsidy to keep fares low for the passengers. An airline has to set aside 50 per cent of its seating capacity at the discounted fares. Source : ht

 

 

 

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GST effect: Rs 800 crore dip in state revenue

Written by Saturday, 16 September 2017 12:18

HYDERABAD: As feared by the Telangana government, the newly introduced Goods andServices Tax (GST) has administered a big shock to the state. In a development that the state is still trying to figure out, the first month of GSTimplementation showed a dip of `800 crore in the revenue.In July, the first month of GST, Telangana received Rs 850 crore under state GST, Rs 690 crore from petroleum products which are not under GST, Rs 500 crore from the sale of liquor, and `150 crore from other taxes. Through central GST, the state contributed around Rs 518 crore and another Rs1,000 crore was estimated to be collected as Integrated GST (IGST), and both these amounts were credited to the Government of India account. A senior official said, "The tax collected on products coming in from other states and consumed here will come under IGST. Though Telangana has a share in that, there is no clarity over the amount to be shared by each state."

Inflicting more pain on the state, the Centre has postponed devolution of central funds to states to 15th of every month as against the first. The delay is creating havoc as states are left with no money after paying salaries, pensions in first week.

Adding to the woes, the Centre has once again extended the date of the filing of GST returns. The due date for the filing of returns for GSTR-1 has been revised to October 10 from September 10. While GSTR-2 has a revised due date of October 31 from September 25, GSTR-3 has been revised to November 10 from September 30. The dates for filing returns of GSTR-4 for the tax period of July to September 2017 remains unchanged at October 18.

"We are now clueless as to when we would get our rightful share in the GST from the Centre as it has to adjust the accounts after the returns are filed," said an official in the revenue department.

In June, a month before the launch of GST, Telangana collected `3,200 crore revenue through commercial taxes, excise, transport and other taxes. After GST came into force in July, the state received only Rs 2,400 crore, which is Rs 800 crore less than what it had earned in the previous month. Another disadvantage for Telangana is that it would not get compensation for loss of revenue as the state already reported more than 14 per cent annual growth in the tax revenue. In the GST regime, states with less than 14 per cent growth are eligible for making a claim for compensation. The figures related to August has not yet been compiled but state officials apprehend that tough days are ahead for the state with regard to the implementation of GST.

 

 

 

 

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Rupee opens 3 paise down at 64.15 against US dollar

Written by Friday, 15 September 2017 06:38

The rupee on Friday opened 3 paise down at 64.15 against dollar on account of buying in American currency by banks and importers amid persistent foreign capital outflows. 

The local currency on Thursday settled 12 paise down at 64.12 against dollar. 

Foreign portfolio investors sold shares worth a net Rs 762.42 crore on Thursday, as per data available with NSDL. 

Meanwhile, domestic equity markets opened in red following weak global cues. The BSE Sensex opened 34.30 points, or 0.11 per cent, down at 32,207.63, while NSE Nifty index opened 24.25 points, or 0.24 per cent, down at 10,062.35. 

Other Asian stocks were mostly trading lower after North Korea launched a missile in the direction of the east. As per reports, the unidentified missile flew over Japan before landing 2,000 km east of Hokkaido. 

US equities closed mostly lower on Thursday after strong inflation data raised the possibility of tighter monetary policy from the Federal Reserve. However, the Dow index closed at its record high. 

 
 

 

 

 

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Mumbai: Pretty soon, your wallets will boast of Rs 100 coins as the government is set to introduce these new coins to commemorate the birth centenary of Bharat Ratna awardee and former Tamil Nadu Chief Minister late M G Ramachandran.

According to a statement by the Ministry of Finance, the government will also roll out new Rs 5 coins to mark this occasion. “The coins of the following denominations (Rs 100 and Rs 5) shall also be coined at the Mint for issue under the authority of the Central Government to commemorate the occasion of Dr MG Ramachandran birth centenary,” the Ministry of Finance said in a notification dated September 11.

The newly minted coins will be etched with MGR’s portrait in the centre. The words- 'Dr M G Ramachandran Birth Centenary' will be inscribed in the lower periphery while the same will be inscribed in the Devanagari script on the upper periphery.

The years marking the great actor and politician’s lifetime -'1917-2017' will be etched below his sketch, said the notification.

The reverse side of the coin will bear the Lion Capital of Ashoka Pillar in the centre with the inscription 'Satyamev Jayte'.

The Rs 100 will weigh 35 grams and will be made of 50 per cent silver, 40 per cent copper, 5 per cent nickel and 5 per cent zinc.

The Rs 5 coins will weigh 6 grams and will be made of 75 per cent copper,  20 per cent zinc and 5 per cent nickel.

Marudur Gopalan Ramachandran, popularly known as 'MGR', was the founder of the All India Anna Dravida Munnetra Kazhagam (AIADMK), the ruling party in Tamil Nadu now.

The film actor, who was elected as the chief minister thrice in his lifetime, was awarded the Bharat Ratna posthumously in 1988. He continues to be a political and cultural icon.

 

 

 

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The Reserve Bank of India used sophisticated Currency Verification and Processing (CVPS) machines for checking the accuracy or the demonetised Rs 500 and Rs 1000 currency notes.

Quoting a Right To Information (RTI) reply, PTI had earlier reported that RBI was not using machines for counting Specified Bank Notes (SBNs).

The central bank in a late Sunday evening press release said that the "RBI actually uses sophisticated Currency Verification & Processing (CVPS) machines for checking the numerical accuracy and genuineness of the currency notes, including SBNs (including SBNs scrapped on November 8). These machines are way superior to the note counting machines."

According to the PTI report, the Reserve Bank of India (RBI) had said in an RTI reply that counting machines are "not being used" for tallying the total number of demonetised notes of Rs 500 and Rs 1,000 in any of its offices.

The central bank, which is responsible for printing of currency notes, later said, "With a view to augmenting processing capacity, RBI is using the available machines in two shifts and has been using some machines temporarily drawn from commercial banks after suitable modifications and it is also exploring other options to augment processing capacity even further."

In the RTI reply, RBI refused to give the total number of personnel deployed for counting of the scrapped notes, saying compiling the information would "disproportionately divert" its resources.

"Counting machines are not being used for the purpose in any offices of Reserve Bank of India," the RBI said in the RTI reply dated August 10.

The central bank also said no counting machines were taken on lease to reconcile the total figure of the junked notes.

It was asked to give details about machines being used for counting the Rs 500 and Rs 1,000 notes.

RBI also denied sharing information on the total number of personnel deployed for counting of the old notes.

"Compiling the information would disproportionately divert the resources, the information sought cannot be furnished as per Section 7 (9) of RTI Act, 2005," the RBI said in its reply to the RTI query filed by a PTI correspondent.

In its annual report for 2016-17 released on August 30, the RBI had said Rs 15.28 lakh crore, or 99 percent of the demonetised 500 and 1,000 rupee notes, had returned to the banking system.

It further said that only Rs 16,050 crore out of the Rs 15.44 lakh crore in the old high denomination notes have not returned.

As on November 8, 2016, when the note ban was announced by Prime Minister Narendra Modi, there were 1,716 crore pieces of Rs 500 and 686 crore pieces of Rs 1,000 notes in circulation, totalling Rs 15.44 lakh crore, it had added.

RBI is exploring other options to further augment the processing capacity.

 

 

 

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This Is What States Are Demanding From GST Council

Written by Saturday, 09 September 2017 12:24

 

As the 21st meeting of the Goods and Services Tax (GST) Council kick-started in Hyderabad on Saturday, various states brought different concerns on board. The demands ranged from the issues faced by businesses in filing their maiden returns for the month of July to concerns over GST being levied on public utility projects. Chaired by Finance Minister Arun Jaitley, the 21st meeting of the GST Council was being attended by finance ministers of states and GST Secretariat officials.

Over 150 delegates were attending the meet being held at the Hyderabad International Convention Centre, news agency Indo-Asian News Services (IANS) reported.

Telangana is seeking relief for public utility projects like irrigation schemes, Mission Kakatiya for restoration and revival of tanks and for providing piped drinking water to every household and a two-bed room housing scheme for the poor, IANS said.

Telangana Finance Minister E Rajender said the state would reiterate the demand for scrapping GST on ongoing work contracts or at least reducing it to 5 per cent. The state is also seeking reduction in GST for the granite, marble industry and the beedi sector in view of their huge employment potential.
He said most of the states were supporting reduction in GST on public utility projects.

Telangana argues that its flagship projects were launched before July 1, when GST came into effect, and hence it will not be fair to impose a higher slab.

On the other hand, Jammu and Kashmir Finance Minister Haseeb Drabu said that the issues faced by GSTN are operational and technical, and these would have happened even if the GST was implemented a year later. Mr Drabu suggested that a group of ministers be formed to look into issues faced by taxpayers on GSTN portal.

Ahead of the meet, West Bengal Finance Minister Amit Mitra said that although it was claimed that GSTN can handle 3 billion invoices, the glitches in the portal show that GST was implemented in haste. Mr Mitra suggested that a white paper be brought out on the preparedness of GSTN-- the company which operates the IT backbone for GST.

Due to a huge rush of July GSTR-3B return filing on the penultimate date, the GSTN software witnessed glitches and the last date of filing was extended. Also the date of final return filing for GSTR-1 was extended to September 10 in view of rush in invoice uploading.

Ahead of the meeting, Andhra Pradesh Finance Minister Y Ramakrishnudu said that he will highlight various demands that the state had made earlier. "After the implementation of GST, as per our initial estimation, the state may see a short fall of Rs. 2,900 crore in revenue," Ramakrishnudu said, reported news agency Press Trust of India. "We also requested the Council to take a lenient view on the tax slab with regard to ongoing government projects. As of today, projects worth about Rs. 20,000 crore are under implementation," he saiid.

 

 

 

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