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Lords Hotels & Resorts Submits Recommendations In GST To Hon'ble FM (MoS), GoI Shri Shiv Pratap Shukla

Mumbai, December 16, 2017: Indo-American Business Chamber of SME in association with Lords Hotels & Resorts recently organized a comprehensive forum on Goods & Service Tax (GST) for the Small and Medium Enterprises (SMEs) at the Hotel Sahara Star. The forum was especially held for the large SME sector in the state and witnessed a good presence of entrepreneurs from various industries including manufacturing, real estate, hospitality and banking. Shri Shiv Pratap Shukla, Hon'ble Minister of State (MoS) for Finance, Government of India who was the Chief Guest for the evening addressed the many concerns expressed by the attendees and clarified many nuances around the latest GST resolutions announced last month.

"We wish to take this opportunity to thank the Govt. for taking such a bold step that promises to revolutionize the taxation system of the country. The visionary 'One Nation, One Tax' as conceived by our Honourable Prime Minister Shri Narendra Modi has the potential to propel the economy into fast lane and help achieve our dream of becoming one of the most prosperous countries in the world," said Mr P R Bansal, Chairman & Managing Director, Lords Hotels & Resorts.

While applauding the Govt. and its revolutionary tax reform, Mr Bansal also raised a few concerns affecting the real estate and hospitality sectors. In his speech, he appealed to the Minister to consider the pleas and convey the concerns to the GST Council for deliberation.

"While the GST will most definitely simplify and unify the tax system, certain sectors could be affected on account of the high tax slabs demarcated for them. For instance, for the real estate sector, the GST rate applicable for home buyers ranges between 12 and 18 per cent and which translates to a massive increase in the cost of owning a house. For instance, a 2BHK flat in Mumbai costing Rs.1.5 crores at a GST rate of 18 per cent will increase the cost by Rs.27 lacs and which is a significant jump in the end price paid by the consumer. We hope the Govt. will relook at the applicable GST rate for the home buyer and consider revising it to a more affordable rate. Belonging to the hotel industry, we have come to realize that there is disparity in the GST rate that becomes applicable for the room tariff paid by the customer versus the rate at which they should be billed. The present system expects hotels to bill the customer on the Published Tariff whereas the customer may have actually been billed a discounted tariff. This again increases the cost burden on the consumer and so we request that the Govt. amends the system for hotels to levy GST based in the billed tariff to the customer rather than on the Published tariff," he added.

The GST council in its last meeting in Guwahati reduced the GST rates on 178 commodities from 28 per cent to 18 per cent. The Minister stated that the Govt. has been working to accommodate the critical requests received from the several industries and pointed out that it was based on such requests from the hospitality industry that it reduced the GST rate from 18 per cent to 5 per cent.

"The Govt. is very sensitive towards the demands of the masses and strives to meet their demands. The reduction in GST rate for restaurant was one such decision that the GST Council made based on the feedback we received from the people. We are happy that we not only reduced the GST rate from 18 per cent to a low of 5 per cent but also made it uniform for all restaurants. We are also hoping to bring down the GST rates on other services and commodities like we did for the 178 commodities during the last council meet," Shri Shiv Pratap Shukla concluded.

Corporate Comm India(CCI Newswire)

 
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New Delhi, December 16, 2017: GM seed segment is the leading market in the US seed industry owing to the increase in productivity and resistance from pests and herbicides.

The US seeds market is further expected to grow at a CAGR of more than 6% during 2017 – 2022

The report titled “ The US Seed Market Outlook to 2022 – By Crop Type (Corn, Cotton, Soyabean, Wheat, Rice, Grain Sorghum, Oats, Vegetable Seeds), by Open Pollinated, Hybrid and Genetically Modified Seeds ” by Ken Research anticipate a resilient and challenging outlook for incumbent seed segments such as Corn, soybean and see stable growth in Vegetable seed, Wheat and Sugarbeet seed space with anticipated growth in GM adoption in the next 5 years.

The US is the largest and the most diverse global commercial seed market, which is followed by China, France, Brazil and Canada. The seed industry is the US is concentrated among the few big players though there are over 750 private seed companies engaged in the business with an offering of over 60,000 seed varieties of planting seeds.

The distribution channel in US seed industry varies between multiple states however it is mostly led by the dealer channel and retail channel. Seed companies also tend to sell directly to the farmers in case of large operations. For input providers, channel retailers and dealers are significant partners as they manage directly the relationship with the farmer.

The US has observed the approval of 195 single trait events in 20 crop species: alfalfa (3 events), apple (3), Argentine canola (20), chicory (3), cotton (28), creeping bentgrass (1), flax (1), maize (43), melon (2), papaya (3), plum (1), potato (43), rice (3), rose (2), soybean (24), squash (2), sugar beet (3), tobacco (1), tomato (8), and wheat (1) since 1996. In 2016 itself, food, feed and cultivation approvals were made for apple (1 event), maize (2) and potato (3).

The GM seed crop area in the US recorded a growth of 3% at around 73 million hectares which is about 39% of the global biotech area in 2016. GM seed prices differs with trait stacking/bundling, perceived agronomic conditions in each US region in terms of pest infestations, rainfall, others and availability of substitute seeds, commodity prices, and farmer income.

As the biotech seeds adoption rate is rising, the competition in the seed business has become more challenging. Companies with a high market share in regions which experience significant acreage shifts could realize more loss than companies with a lower share.

According to Ken Research, DuPont Pioneer and Monsanto have continued to dominate over 70% of the corn seed business and about 60% of the soybean seed market in the US in 2016. This level of concentration among major corporations which sell patented seeds makes the seed sector a monopolistic nature in top grain markets. The proposed agrochemical mergers such as Bayer with Monsanto, Dupont with Dow Chemical and ChemChina with Syngenta will make the concentration more intense.

Key Topics Covered in the Report:

US Seed Market

US Seed Market Future

US Corn Seed Market

US Soyabean Seed Market

US Cotton Seed Market

US Wheat Seed Market

US Rice Seed Market

US Grain Sorghum Seed Industry

US Barley Seed Industry

US Oats Seed Demand

US Fruits and Vegetable Seed Consumption

Seed Treatment in US

Monsanto Market Share US Seed Industry

Syngenta Sale seed in US

Bayer competition US Seed Industry

LimaGrain growth US seed Market

Rijk Zwaan sale GM seed US

Sakata revenue seed sale US

Bejo seed sale in US

US Seed Market Overview

US Seed Market Evolution

GM Seed Adoption Rate US

Agricultural Farm Income in US

US Seed Industry Economics

Trends Seed Penetration in the US

United States Seed Competition

Market Share Seed Manufacturers US

Commercial Seed Sales in United States

Forecast Seed Expenditure in US

Farm Holding Structure in US

Average Farm Size in US

Cash Receipt US Soybean

Soybean Seed Export US

Hybrid Seed Market in US

Genetically Modified Seed Market US

GM Seed Sales in US

Revenue Forecast GM Seed US

Corporate Comm India(CCI Newswire)

 
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Gurgaon, December 15, 2017: ShopClues, India’s first and largest e-commerce marketplace with its 6-lakh merchant base launched Bharat’s first ever Merchant Mahotsav on December 14, at ShopClues corporate office in Gurgaon. The event was the online retailer’s way of showcasing and honouring the contribution of its potential top-rated merchants that have been the most significant part of ShopClues’ journey.

The event witnessed an array of activities conducted for merchants to help them engage with the company and interact with its Leadership team. ShopClues also launched special offers on services for merchants that are a part of the month long celebration. Going beyond business, merchants also collaborated with ShopClues’ Christmas CSR initiatives for underprivileged children.

ShopClues’ CEO & Co-Founder, Sanjay Sethi took to the stage to interact with the merchants and also moderate a panel discussion with select merchants. It gave a platform to these merchants to voice their experiences and share insights to help other merchants up their game in the online business. They also interacted over growing their businesses online, and use the knowledge of online selling to sell better on all platforms.

“From day one, ShopClues has a clear focus on merchants and how we can engage in a mutually beneficial relationship. Over time, we have reached where we are because of our merchants, their hard-work, and their trust. Many MSMEs started selling online for the first time through ShopClues, wherein we provided a platform to garage-startup like small businesses to take their products pan-India. Now we are a family of over 6 lakh merchants, catering to over 3 crore customers. In the near future, we expect our customer base to grow exponentially which will benefit all of us in this journey. We are indebted to our merchants for such a thrilling journey”, said Sanjay Sethi, CEO & Co-Founder, ShopClues, at the event.

Merchant Mahotsav is an initiative that will foster the ever strong bond ShopClues share with the merchants.

Corporate Comm India(CCI Newswire)

 
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· Jayesh Ranjan seeks collaboration to emulate Israel’s robust cyber security apparatus

· Israel upbeat on business partnership prospects with Indian IT companies

· Kenes Exhibitions Two-day International Cyber Security Conference 2017 kicks off in Hyderabad

Hyderabad, December 15, 2017: The Telangana State government is determined to attain global standards in establishing cyber security ecosystem and has sought support from Israel to devise necessary policy framework. “Israel’s National Information Security Agency (NISA)’s success in creating a formidable cyber security framework is very impressive. Israel’s three-staged approach of ensuring robustness and resilience at the institutional level driven ably by an involved leadership at the top is worthy of emulation. We seek Israeli expertise in diagnosing our State government cyber policy and provide an audit report on it to help us create a secure ecosystem in Telangana,” said Jayesh Ranjan, Principal Secretary, IT Department, and Government of Telangana.

Security Operations Centre: Speaking at the inaugural session of the two-day International Cyber Security Conference 2017, Jayesh Ranjan announced that the government’s Security Operations Centre (SOC) in Hyderabad would start operations before the end of December.

The SOC will be housed at the Sate Data Centre and will focus on protecting critical infrastructure of the government.

Top experts in Information Security, Data Security and IT Infrastructure are taking part in the second edition of the annual conference, being organised by Kenes Exhibitions with support from Telangana government, Cyberabad Police, Cyber Society of India, Information Israel, and Bangalore.

Israel invites partnerships: “India has adequate human capital and with Industry-academia collaboration can, like Israel, create abundant talent pool required to achieve global standards in cyber security,” said Dr Shai Moses, Consul for Trade and Economic Affairs, Consulate General of Israel, Bangalore. “Israel see great potential for business partnerships with Indian companies and we welcome the IT players to explore collaboration opportunities with Israel companies,” said Moses.

Making a detailed presentation on Israel’s journey towards emerging as a global leader in cyber security systems, Ram Levi CEO, Konfidas, emphasized on a strategic approach to cyber security. “In this age of hyper connectivity and excessive reliance on Internet, cyber threats are a reality that we have to deal with. We cannot defend everything and at all times. So, we need to identify critical infrastructure based on parameters like contribution to nation’s GDP’s, significance to continued functionality of key assets etc and build capacities to defend them” Ram Levi elaborated.

Corporate Comm India(CCI Newswire)

 
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MyChoize Introduces Wi-Fi enabled Fleet of Self Drive Cars for First Time in India

New Delhi, December 14, 2017: Wandering the roads for catching Pokemon's on Pokemon Go? Or making a move to get the feel of the weather with a great drive and amazing songs streamed from your favourite artist? Well, there is some good news for all you travel buffs... For the first time in India, MyChoize Self Drive Cars, a Self Drive car rental brand owned by ORIX India has launched a first of its kind fleet of Wi-Fi enabled self-drive cars in New Delhi.

Data has increasingly become a cheap commodity but good connectivity still remains a cause of concern when traveling to remote and far off places. Keeping the same in mind, MyChoize Cars' Wi-Fi enabled fleet come with strong Wi-Fi receivers which can receive data better than your ordinary mobile phone and lets you connect up to five of your devices to the net at the same time. This ensures that all the travelers can be connected to internet without being subjected to any data roaming charges whenever they go on a road trip with MyChoize Self Drive Cars. The project is still in beta and MyChoize plans to scale it up to other cities and car models with the learnings of the pilot being run in New Delhi.

Mr. Sandeep Gambhir, MD, and CEO of ORIX India , speaking on the occasion said "With this new offering, ORIX becomes the only company to provide such a facility to its users for their convenience and leisure. We want to provide our customers with the most rewarding travel experience and innovations like these will help us get there faster. Whenever you travel with MyChoize Self Drive Cars, your kilometres and your MBs are on us, so that you can enjoy, count and share your memories on the go in a limitless way instead of counting your kilometres and data roaming."

Corporate Comm India(CCI Newswire)

 
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New Delhi, December 14, 2017: (ACN Newswire) - Speaking at the India Satcom 2017 forum in New Delhi today, Joe Welch, Chairman of regional Pay-TV industry association CASBAA, applauded the Indian government's emphasis on improving the ease of doing business in the country. A great deal of attention has been paid to the power and infrastructure sectors, Welch noted, but "the key to... realisation of the Prime Minister's vision of taking India up to a Top-50 ranking (in ease of doing business) lies in improving business conditions in other sectors of the economy", specifically satellite communications and broadcasting.

Welch observed that the broadcasting sector is heavily dependent on satellite links, and that "the single most crucial measure the government could take... would be to create conducive conditions for both the satellite operators and the broadcasters to be able to enter into long-term service agreements". (Currently, contracts for satellite capacity for DTH broadcasters are limited to a 3-year term by Indian government regulation.) "Striking long-term commercial deals in a marketplace that is less government-constrained would help increase business certainty for all the stakeholders", he said.

Satellite services are also important to achieving the 'Digital India' dream - championed by Prime Minister Modi - as satellite services can help bring broadband and other related services to the hinterland of India, digitally connecting thousands of villages where cable or other modes of broadband delivery may pose logistic and financial challenges.

Welch also called for other reforms, including development of a private-sector Indian space industry, opening of the teleport industry to foreign direct investment, and establishment of clear timelines and benchmarks for licensing actions by government agencies.

India Satcom 2017 is organised by the Broadband India Forum; CASBAA is a supporting organisation.

Corporate Comm India(CCI Newswire)
 

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