Traders Body CAIT Calls For Boycott Of Chinese Products, 500% Duty Hike

Calling China a probable enemy, the Confederation Of All India Traders has given a call to boycott Chinese products and sought custom duties of up to 500% on these goods. This development comes after China supported Pakistan at the United Nations Security Council on the abrogation of Article 370 in India related to the special status for the erstwhile state of Jammu and Kashmir. The body said that China has placed itself on the probable enemies for security of the country list by supporting Pakistan’s claim. The call has been given to…

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Four products, including Kerela’s Tirur betel and Mizoram’s Puanchei, get GI tag

NEW DELHI: Four new products – Kerala’s Tirur betel, Tamil Nadu’s Palani Panchamirtham ‘prasadam’, Mizoram’s Tawlhlohpuan and Mizo Puanchei – received Geographical Indication (GI) under the Department for Promotion of Industry and Internal Trade. “PalaniPanchamirtham from Palani Town in Dindigul District of Tamil Nadu State, Tawlhlohpuan and Mizo Puancheifrom the state of Mizoram and Tirur Betel leaf from Kerala are the latest additions to the list of registered Gis,” said a release from the Ministry of Commerce and Industry. GI is an indication used on products that have a specific…

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Successful Marketing Is About People, Not Products

These days, successful marketing is about getting to the human story. And to get to the human story, we must think beyond the office walls. Steve Blank, author of The Four Steps to the Epiphany: Successful Strategies for Products That Win, has said, “In a startup, no facts exist inside the building, only opinions.” It’s true. Inside the confines of your four walls, views are myopic. They breed opinions about what business owners want consumers to believe or buy into. But, those opinions won’t always correlate with facts. The balance of power has shifted…

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RBI prescribes ‘fit and proper’ criteria to live-test financial products, services

To foster responsible innovation in financial services, the Reserve Bank of India has prescribed ‘fit and proper’ criteria for selection of participants/applicants for entry into the Regulatory Sandbox (RS) for live-testing of new products or services in a controlled/test regulatory environment. Conditions to be met In its final ‘Enabling Framework for Regulatory Sandbox’, the RBI said the conditions that every applicant should satisfy include that it should either be a company incorporated and registered in India, or banks licensed to operate in India; the entity should have a minimum net…

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Godrej Consumer Products’ Gambhir highest paid FMCG honcho in FY19, HUL’s Sanjiv Mehta in 2nd spot

New Delhi: Godrej Consumer Products MD and CEO Vivek Gambhir was the highest paid FMCG executive in the previous fiscal with a total remuneration of Rs 20.09 crore, followed by HULNSE 2.12 %’s Sanjiv Mehta at Rs 18.88 crore, according to information available in annual reports of the companies. The country’s top FMCG players are Hindustan Unilever Ltd (HUL), NestleNSE 1.29 % India, Godrej Consumer Products Ltd (GCPL), DaburNSE 0.84 %, Marico and Emami. In its annual report for 2018-19, GCPL said Gambhir received a total compensation of Rs 20,09,42,847. The ratio of his remuneration to…

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‘Made by Google’ products start using recycled materials this year, carbon neutral by 2020

While Google’s self-branded hardware lineup is relatively young, the company is today announcing a huge commitment going forward. By 2020, all products Google ships will be carbon neutral, and all Made by Google products will include recycled materials by 2022, with some starting later this year. Announced by way of a post with Fast Company (and an official blog post), Google’s new commitment points toward a “greener” future for its products. This will start later this year on an unnamed “yet-to-be-announced” product (my bet is on the new Google Home). Apparently, one engineer on…

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Life Insurance: More customer-friendly products in the offing

For all linked and non-linked products, the insurer will follow the extant ‘File and Use’ procedure for filing new or modified products/riders. In order to make life insurance products more customer-friendly, the insurance regulator has introduced changes in filing new or modified products and procedures for modifications of the existing products. For all linked and non-linked products, the insurer will follow the extant ‘File and Use’ procedure for filing new or modified products/riders. For products and riders which fully comply with extant norms and regulations, the regulator will endeavour to…

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The Best Products That Work With Google Assistant

There are a lot of smart home options out there. Before Amazon, Google and Apple got their acts together and created a connected Internet of Things network, Nest was leading the way. Nest was responsible for offering a standard that other companies could build off, creating a way to link multiple home devices. It’s so pervasive, so popular, that when Google tried to effectively end its Works With Nest (WWN) program earlier this year, it had to quickly issue a new statement that better clarified that it would be transitioning WWN devices…

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