Professional Documents
Culture Documents
(Hindu)
Date: 06 Dec, 2014
FICCI bats for cigarette companies: Batting for the branded cigarette
industry, the Federation of Indian Chambers of Commerce and Industry
(FICCI) wants the government to reconsider its order to have pictorial
warnings on both sides and covering 85 per cent of the pack.
FICCI has said more prominent pictorial warnings will impact the
domestic cigarette industry as a large percentage of non-cigarette
tobacco products sold in unpackaged and unbranded packs will
escape this regulation. It wants the warnings limited to the current
20 per cent (or 40 per cent of the front panel).
It has argued that in the absence of pictorial warnings on illegal and
loosely sold cigarettes, there is an impression that they are not as
harmful as the packaged ones, thereby misleading consumers.
It also cautioned that there could be a rise in the consumption of
other tobacco products, and illegal cigarettes as they do not carry
any warnings and are cheaper on account of tax evasion.
What the WHO says:
Article 11 of the WHO Framework Convention on Tobacco Control
(WHO FCTC) (India is a signatory to it) requires Parties to the
Convention to implement large, rotating health warnings on all
tobacco product packaging and labelling.
Guidelines for Article 11 of the WHO FCTC recommend that Parties
should mandate full color pictures or pictograms, in their packaging
and labelling requirements.
The current account deficit widened to 10.1 billion dollar or 2.1 per cent of
GDP for the September quarter as against 1.2 per cent in the year-ago
period due to higher trade deficit, the Reserve Bank said yesterday.
Indias largest carmaker Maruti Suzuki has got an order from the
Indian Army to supply 4,141 units of its sports utility vehicle Gypsy.
Global economy will grow by more than 3 percent in 2015 and 2016
however the growth will be uneven in some regions, predicts the United
Nations.
The UNs annual economic report said that growth edged up in 2014
at an estimated 2.6 percent.
The UN is forecasting 3.1 percent economic growth in 2015 and 3.3
percent growth in 2016.
Indias economic growth is expected to improve to 6.3 per cent in
2016 with the country leading economic recovery in South Asia.
Concerned over a number of ponzi operators continuing to collect funds
even after being barred to do so, regulator Securities and Exchange
Board of India (SEBI) Yesterday cautioned investors and general public
against dealing with such entities and not be lured by promises of high
returns, makes public a list of 51 banned companies.
The Delhi High Court in an interim order has restrained Xiaomi as well as
online e-commerce site Flipkart from selling in India handsets of the
Chinese mobile maker that run on the technology patented by
Ericsson.
Reserve Bank of India (RBI) has increased the Real Time Gross
Settlement (RTGS) business hours to 12 hours from 8 am to 8 pm on
weekdays which will come into effect from 29 of this month. RTGS system
of online fund transfer will be open on Saturdays from 8 am to 3.30 pm.
KYC Norms: KYC is an acronym for Know your Customer, a term used for
customer identification process.
It involves making reasonable efforts to determine true identity and
beneficial ownership of accounts, source of funds, the nature of
customers business, reasonableness of operations in the account in
India has signed a 625 million euro loan agreement with Germany for
financial assistance to Green Energy Corridors (GEC) project under IndoGerman bilateral development cooperation.
India ranks 93rd out of 146 in Forbes list of best nations for business.
Denmark topped Forbes 9th annual ranking of the Best Countries for
Business, followed by Hong Kong, New Zealand, Ireland and Sweden.
Inmates of Delhis high-security tihar jail will soon get life and accidental
insurance cover as the prison administration, in collaboration with Indian
Bank, has decided to get their accounts opened under Prime Ministers Jan
Dhan Yojna. As per the scheme, the inmates will come under accidental
insurance cover of 1 lakh rupees and a life insurance cover of 30,000
rupees even while serving their sentence.