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There was the industry government alignment on giving the country of origin as the information to customers. There was an agreement with participants that they want to do this. Since the notice for this came in yesterday only, companies said they would discuss this with their tech teams and get back on the modalities, another source told Financial Express Online.Amazon, Snapdeal, Flipkart, Myntra declined to comment. Responses from Grofers and Bigbasket are awaited.Among e commerce players, Walmart owned Myntra is already showing the Country of Origin under View Supplier Information on the product page. The details also appear on many listings at Snapdeal wherever sellers have provided the information. The meeting was held a day after the Finance Ministry asked sellers on public procurement portal Government e Marketplace (GeM) to mention the same for products listed. While the move echoed the government s stand on promoting Vocal for Local and Make in India goods, it came amid consumers growing clamour to boycott import and use of Chinese goods following the recent border clash between the armed forces of the two countries.Also read: No turning back: Covid led e retail, payments growth here to stay even as in store buying may stay muted "However, the government agreed that while platforms will do the technology enablement of this (update) but it will finally be sellers ' compliance as they have to fill information in the fields provided and it is a lot of manual work for them, " the source added. The government, nonetheless, has not set any timeline marketplaces to enable the display of country of origin. "This was a preliminary meeting to understand the industry point of view. "Meanwhile, traders body Confederation of All India Traders (CAIT) had urged the Commerce Minister Piyush Goyal to make the Country of Origin provision applicable for e commerce companies as well. CAIT raised this demand on 15th June to Commerce Minister in the wake of the fact that mostly all e commerce companies are selling Chinese goods in large percentages on their portals and in absence of Country of Origin provision, the customers are unaware about the origin of the Country which certainly influences the choice of the Consumers, it had said in a statement. Moreover, after chief ministers, political parties of all states, Bollywood and cricket celebrities, CAIT on Wednesday wrote to Reliance ''s chief Mukesh Ambani and 50 other industrialists of India for their support to its " boycott Chinese goods " campaign titling " Bhartiya Saamaan - Hamara Abhiman ".
While Vodafone Idea Ltd. has paid about Rs 3,043 crore for deferred spectrum dues, Bharti Airtel Ltd. submitted Rs 1,950 crore and Reliance Jio Infocomm Ltd. Rs 1,053 crore for the same. The Tatas deposited Rs 2,000 crore for ad hoc statutory liabilities.This was the last lot of payments that telecom firms made towards deferred spectrum dues as the government had late last year approved a two year moratorium on such liabilities.
The meeting lasted for over an hour and is said to have deliberated on options before the government to provide much needed lifeline to operators against annual gross revenue dues.Bharti Airtel Ltd. s Chairman Sunil Bharti Mittal had last week made an appeal to the government for cut in levies and taxes to pull the sector out of what he had described as an "unprecedented crisis".
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The seminar was organised in commemoration of the 150th Birth Anniversary of Mahatma Gandhi, Ahimsa Vishwa Bharti.The Governor said Gandhi ''s philosophy and devotion strongly inspired the human rights movements of the 20th century.
New Delhi: The Supreme Court on Friday will hear the modification applications filed by Vodafone Idea Ltd, Bharti Airtel Ltd and Tata Teleservices on the time schedule to make payments of over 1 trillion that they owe to department of telecommunications (DoT) as adjusted gross revenues (AGR).This is the final attempt by the debt laden operators to negotiate for an easier payment schedule with the DoT and get an extension on the 23 January deadline to pay dues. The modification application came after SC earlier dismissed pleas of these operators to review its earlier judgement that had found them guilty of under reporting their revenues.
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Telecom majors, including Bharti Airtel and Vodafone Idea, on Wednesday, sought an open court hearing of their pleas seeking review of certain directions of the Supreme Court on recovery of past dues amounting to Rs 1.47 lakh crores from telecom service providers.The recovery of past dues by the government was based on adjusted gross revenue of about Rs 92,000 crores. The plea seeking an open court hearing was mentioned before a bench headed by Justice Arun Mishra, who said he will take a decision after talking to Chief Justice S A Bobde.
NEW DELHI : China s largest mobile operator, China Mobile, is keen to enter the Indian market and has held early stage talks with telecom service providers Bharti Airtel Ltd and Vodafone Idea Ltd to jointly develop a cloud network here. The top executives of China Mobile met senior managements of Bharti Airtel and Vodafone Idea separately in December. China Mobile is interested in the Indian market and wants to come as a holding company with either of these two companies or even both," a person aware of the matter said, requesting anonymity.
NEW DELHI : All the three major telecom operators Bharti Airtel, Vodafone Idea and Reliance Jio revised their prepaid recharge plans this month. While Vodafone Idea and Bharti Airtel introduced the tariff hikes on 2 December, 2019, Reliance Jio s revised plans came into effect from 6 December. However, owing to the cut throat competition and similar prepaid recharge plans, the telcos introduced new plans once again. Airtel and Vodafone Idea have announced unlimited calling across networks under its 'Truly Unlimited' recharge plans.Here is a break up of some of the major recharge plans provided by the three telecom operators.
Some of the excitement about the tariff hikes announced by telcos this week is wearing off. After Reliance Jio Infocomm Ltd announced its new tariffs, shares of Vodafone Idea Ltd and Bharti Airtel Ltd have given up more than two thirds of their gains for the week. Jio s revised tariffs are at a meaningful discount to those announced by Vodafone Idea and Bharti Airtel. Earlier in the week, Vodafone Idea and Bharti Airtel s combined market capitalization surged by 12,300 crore after they raised tariffs by up to 50%. After Jio s tariff hikes, the gains for the week have fallen to around 3,800 crore.Jio s unlimited plans in the one month category are priced about 16 20% lower than its rivals, and about 7 14% lower in the three month category. This means the company s fast pace of market share gains can be expected to continue. Jio has priced its base plan 20% cheaper than the comparable plans of both the companies. The quantum of the hike is lower for base packs and shorter duration packs, underscoring Jio s continued aggression to continue garnering subscriber market share," say analysts at Emkay Global Financial Services Ltd in a note to clients.
Indian markets hit new milestones today with Sensex registering new intra day and closing highs, tracking higher global markets. The Sensex ended 529 points higher at 40,889, a new closing high. During the day, the Sensex also hit a new intra day high of 40,931.71. Broader index Nifty settled 1.3% higher at 12,078. At day''s high, Nifty rose to 12,084.50, less 20 points away its all time high of 12,103 hit in June this year.Bharti Airtel was the top gainer among the Sensex stocks, up 8%. Steelmaker Tata Steel rose 5%, after prices of metals rose on positive signals from Washington on China.
The move to defer payments for 2020 21 and 2021 22 will give Rs 42,000 crore relief to Bharti Airtel, Vodafone Idea and Reliance Jio, they said.The move was approved by the Union Cabinet headed by Prime Minister Narendra Modi.
NEW DELHI : The Union cabinet on Wednesday gave beleaguered telecom operators Bharti Airtel Ltd and Vodafone Idea Ltd a breather by allowing them to defer payments for spectrum purchases by up to two years.The move to defer payments for 2020 21 and 2021 22 will be a relief to these companies while helping Reliance Jio Infocomm Ltd as well. It follows the Supreme Court s 24 October ruling that directed older telecom firms to pay at least 92,000 crore in past dues to the government within three months.
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