HRD Forum of Vidarbha Industries Association (VIA) organised a webinar on ‘Dynamics of Industrial Relations in India’ recently. The keynote speaker was Dr Rajen Mehrotra, former International Labour Organization (ILO) official, former Corporate Head of HR of ACC Ltd, former Corporate Head of Manufacturing and HR of Novartis India Ltd. Mehrotra said, “There is need to innovate and blend Industrial Relations (IR) and Human Resource (HR) practices for the benefit of employees, workers and growth of the ..

INDIA’S import of palm oils rose 56.50 per cent to 5,26,463 tonne in March this year as refiners were discouraged to import sunflower oil due to high prices, industry body Solvent Extractors Association (SEA) said...

THE country’s competitive talent market is fuelling a significant internal shifts within the organisation as 93 per cent of the companies polled in India said they are looking to fill open roles internally in the post-COVID-19 era, according to a report. According to LinkedIn’s ‘Future of Talent’ report, more than nine in 10 (93 per cent) companies in India are looking to fill open roles internally in the post-COVID-19 era. The report stated that seven in 10 companies in India said the main reason ..

In pursuance of Prime Minister Narendra Modi’s call for creation of small containment zones to fight COVID-19 pandemic, the Confederation of All India Traders (CAIT) in a communication has suggested to Union Health Minister Dr Harsh Vardhan to draw a COVID-19 fighting strategy based on district-wise fundamental principles. There are 718 districts in the country and each district has its own distinction and diversified nature...

The transporters are already facing numerous problems and the current lockdown and night curfew has added to their woes. In order to curtail the rising COVID-19 cases, the Government has imposed lockdown resulting in economic activity coming to a halt. “With low business volumn and no demand, thousands of trucks are standing idle. The lockdown is no solution to the rising number of COVID-19 cases. Instead the Government should search for other alternatives and give boost to economic activity which ..

TiE Nagpur’s second session under its new initiative ‘Business Showcase Series.’ The session is aimed to highlight the disruption in technology, in a new era of new normal, showcasing the venture’s products and how these tech -based ventures are trying to solve current challenges with their products and services. Nitin Sachdeva, President TiE Nagpur will be in conversation with the speakers Abhijeet Khandagale, Founding Partner – ekatra and Praveen Sahu, Co-Founder – Wekirana. For event registration ..

Nag Vidarbha Chamber of Commerce (NVCC) has demanded the State administration that during the limited period of lockdown, not only traders but the services of the e-commerce players should also be closed. Ashwin Mehadia, President of NVCC said, Maharashtra Chief Minister Uddhav Thackeray has announced the lockdown from April 6 to April 30 to break the chain of coronavirus. However, excluding the essential services, he had asked all the traders to shut down their shops. The Chief Minister had not ..

Business processes are the soul of all organisations for delivering value to its customers. However, to make it more effective and efficient, entrepreneurs should make continuous efforts for improving its strategic and operational processes. “Business processes aims at elimination of wastes, minimise errors and improve agility in business,” said CA Nitin Alshi while addressing a webinar on the topic ‘Improvement in business processes’ organised by COSIA, Vidarbha. He further said, “Businesses need ..

WORKERS and companies in spite of the contribution of crores of rupees every year, there is serious lack of facilities for the workers during the COVID-19 pandemic period by Employees State Insurance Corporation (ESIC). Many workers are not getting proper facilities and benefits even though the workers are making regular contributions from their salaries. ESIC hospital located at Somwaripeth in the city is the only hospital that has been operating for many years. The hospital has total 150 beds and ..

CII Vidarbha Zone recently organised a webinar on the topic ‘Solution for water pollution’ which focused on challenges, processes and infrastructure requirements for the implementation of Online Continuous Emission and Effluent Monitoring Systems (OCEMS) as per the MPCB directions and CPCB guidelines. Ashok Shingare (IAS), Member Secretary, Maharashtra Pollution Control Board (MPCB) was the chief guest at the session. He emphasised on the importance of common effluent treatment plants (CETPs) and ..

Sunil Furde was unanimously appointed as the CREDAI Maharashtra President in a ‘Change of Guard’ General Assembly meeting organised on digital platform due to the pandemic situation. The meeting was attended by CREDAI National Chairman Satish Magar, National Vice President Shantilal Kataria, Anant Rajegaonkar, Jitendra Thakkar of National Advisory Council-CREDAI National, Pune IGR Shravan Hardikar, CREDAI Maharashtra’s Immediate Past President, Rajiv Parikh and more than 1,200 office bearers and members ..

AFTER eight quarters of either decline or single-digit growth, corporate revenue grew in high double-digits of 15-17 per cent in the March quarter of FY’21 to Rs 6.9 lakh crore, partly because of the low base and better realisation due to higher commodity prices, pushing up their operating profits by a much higher 28-30 per cent, says a Crisil Ratings report. With a visible recovery in the second half of fiscal 2021, the overall revenue may be a just 50 bps lower than that of fiscal 2020, according ..

  TJSB Bank sets an example in the cooperative banking sector for efficient management in challenging business environment. TJSB Sahakari Bank Ltd announced its audited financial results for FY 2020-21 on April 09, 2021 i.e., within 9 days after the close of the financial year, reaffirming transparency in operations and strong corporate governance. FY 2020-21 was a challenging year. The year began with a prolonged lockdown triggered by COVID-19 pandemic. Businesses had to struggle for ..

  India’s largest manufacturer of plastic water tanks R C Plasto Tanks and Pipes Pvt Ltd has donated 20 stretchers to Nagpur Police Highway Department. The State Highway Police Department has launched the ‘Mrityunjay Doot’ initiative to help accident victims in road accidents. To provide assistance to this initiative, R C Plasto and Pipes Pvt Ltd under its corporate social responsibility (CSR) programme has donated the 20 stretchers. The stretchers would be useful ..

   COSIA, Vidarbha Chapter has organised a knowledge enriching webinar on ‘Earn value in business by process improvement’, on April 10, 2021 from 4 pm to 6 pm. The speaker on the subject is CA Nitin Alshi who is an expert faculty on the subject, informs Mayank Shukla, Chairman of COSIA, Vidarbha Chapter. In today’s scenario when the business establishments are passing through a very tough phase, such seminars bears a great importance, said CA Julfesh Shah, Vice-Chairman ..

AFTER getting assurance from the Maharashtra Chief Minister Uddhav Thackeray that two days time should be given to State Government to come out with amicable solution, Sitabuldi Merchants Association has decided to postpone their agitation. The Association decided to open their shops from April 9 in protest against the Government decision to down their shutters...

AN INTERACTIVE meeting of cloth merchants and bullion traders was organised at Lakadganj Police Station. Lohit Matani, Deputy Commissioner of Police (Zone 3) chaired the meeting. Present were Parag Pote, PI, Shankar B Sugandh, Kendriya Shantata Police Committee Member, Mahindra Katariya, Raju Acharya, Rajesh Rokde, Raju Maharaj, Mukesh Jain and others were present. Traders in the meeting raised question that when grocery, edible oil, grain and other markets were opened then why cloth and jewellery ..

NET leasing of office space dipped 36 per cent to 5.5 million sq ft across seven major cities during January-March this year on lower demand because of the COVID-19 pandemic, according to property consultant JLL India. Office rents, however, remained stable...

AFTER suffering huge losses last year, the marriage halls and lawns have been again ordered to be closed from February 25 to contain the spread of COVID-19 virus. “We are one of the most affected industries as all business has stopped due to the lockdown. Most of the owners are facing financial crunch and mental stress. The Government should open the marriage halls and lawns at the earliest,” demanded Sanjay Kale, Joint Secretary of Nagpur Marriage Halls and Lawns Association while speaking to ..

ON CONTINUOUS perusal by the Confederation of All India Traders (CAIT) to the Chief Minister of Maharashtra Uddhav Thackeray called a virtual meeting on Wednesday with the prominent trade leaders of Maharashtra. The meeting was led by CAIT National President B C Bhartia, regarding the Covid-19 pandemic outbreak and the measures to be taken apart from lockdowns and curfews. Various trade organisation took part in this virtual meeting. Bhartia spoke on behalf of the lakhs of traders of Maharashtra...

Big Bazaar, India’s leading hypermarket chain, has always been a pioneer in the innovative offerings it brings for its customers. In keeping with its tradition of providing Indian consumers the most value for their shopping, Big Bazaar announces its new ground-breaking proposition- the ‘Sabse Bada Offer’. For the first time ever, customers will get Rs 500 worth of fruits and vegetables absolutely free on shopping of Rs 2,500. In addition to Big Bazaar stores, this offer can also be availed on the ..

As the markets wore a deserted look on Tuesday because of the new restrictions imposed by the authorities to control novel coronavirus, traders, businessmen and others have once again opposed it and demanded some relaxation in the norms. The city-based traders and businessmen are urging the authorities to roll back the decision in the larger interest of the society. Tarun Nirban, Secretary of Nagpur Chamber of Commerce Limited:- Complete lockdown will not serve the purpose. It will destroy the markets ..

India’s domestic passenger traffic slipped to a 10-year low at an estimated 53.4 million in the just-concluded financial year, a report said. However, in the previous fiscal there were no passenger flight operations for almost two months due to the pandemic-induced lockdown. During the financial year 2010-11, all domestic air operators together had flown a total of 53.8 million passengers on local routes, according to ratings agency ICRA. The domestic passenger traffic in March 2021 has been estimated ..

Forum of Vidarbha Industries Association (VIA) will be organising a webinar on ‘Dynamics of Industrial Relations in India’ on April 9, from 3.30 pm to 4.30 pm on zoom. Internationally known personality, Dr Rajen Mehrotra, former Senior Employers’ Specialist for South Asian Region with International Labour Organization (ILO) will be key speaker of the session...

Regulator IRDAI on Monday came out with draft regulations for the designing and pricing of general insurance products with a view to protecting the interest of policyholders. The proposed regulations provide the basic framework and reflect the fundamental principles to be followed in respect of product design and pricing, said Insurance Regulatory and Development Authority of India (IRDAI)...

SOUTH Korean auto major Hyundai on Monday said it has crossed 10 lakh cumulative sales milestone of SUVs made in India. These SUVs have been sold both in India and export markets, Hyundai Motor India Ltd (HMIL) said in a statement. The launch of mid-sized SUV Creta in 2015 accelerated Hyundai Motor India’s growth in the segment with cumulative sales of over 5.9 lakh units in the domestic market and over 2.2 lakh units in the export market, it added...

Builders and developers have once again urged the Government to extend the Stamp Duty concession for at least next three months. The period of the Stamp Duty concession has come to an end on March 31. Soon after taking over the charge of CREDAI Nagpur Metro, its President Vijay Dargan said that the sector needs support. Dargan said that the real estate sector is bearing the brunt of lockdown imposed in the previous year. “Moreover, the uncertainty is still prevailing in the markets and thus the Government ..

CA Nitin Alshi, a senior practicing chartered accountant from city has been nominated on Internal Audit Standards Board (IASB) of Institute of Chartered Accountants of India (ICAI), New Delhi for the year 21-22. He is specialised in the area of internal audit, risk management, business advisory and other value added services from last 23 years...

A sudden surge in COVID-19 cases and the government's recent mandate asking the central bank to keep retail inflation around 4 per cent are likely to prompt the Reserve Bank of India (RBI) to maintain status quo on policy rates at its first bi-monthly monetary policy review for the current fiscal, according to experts. The Monetary Policy Committee (MPC), RBI’s rate-setting panel, is also likely to maintain the policy stance accommodative at the next policy review to be unveiled on April 7, say experts. ..

NAG Vidarbha Chamber of Commerce (NVCC) has received the ISO 9001:2015 certification. On the occasion, Nitin Gadkari, Union Minister Minister of Road Transport and Highways and Minister of Micro, Small and Medium Enterprises handed over the certificate to Ashwin Mehadia, President of NVCC and B C Bhartia, former President of the Chamber. Mehadia said, “ The Chamber provides the ‘Certificate of Origin’ to the exporters required by the Government for the export of local goods from the past several ..

The New Team of CREDAI Nagpur Metro led by President Vijay Dargan, General Secretary Gaurav Agarwala and Treasurer Rajmohan Sahu, for two year term of 2021-2023 was announced. It also includes vice presidents Ashish Londhe,..

FURTHER surge in global commodity prices will have serious implications for India’s economy which is still struggling to come out of the COVID-19 impact, ratings agency Ind-Ra said. As per Ind-Ra, a higher retail inflation not accompanied by a commensurate increase in wage growth will adversely impact the consumption demand and in turn investment revival in the economy...

NBFCs with asset base of below Rs 500 crore have requested the National Payments Corporation of India (NPCI) to provide a simpler method such as WhatsApp or SMS for cancellation of NACH mandate for their customers. National Automated Clearing House (NACH) mandate is a direction to the bank to honour recurring payments like loan instalments, insurance or systematic investment plans (SIPs)...

Mahindra gives keys of two tractors to Kanchan Gadkari Keys of two tractors manufactured by the country’s leading brand Mahindra were handed over to Kanchan Gadkari, wife of Union Minister Nitin Gadkari recently. ..

POWER consumption in the country grew 24.35 per cent in March at 123.05 billion units (BU) over the corresponding month a year ago, showing a revival in the economic activities, according to power ministry data. Power consumption in March last year was recorded at 98.95 BU. ..

The Commodity Participants Association of India (CPAI) on Thursday met Finance Minister Nirmala Sitharaman and sought her immediate intervention and policy support following a sharp decline in the volumes of exchange-traded commodities. During the meeting, the CPAI representatives expressed their concerns pertaining to current challenges and hurdles that the industry is facing, which are contributing to diminishing liquidity on Indian commodity exchanges. Commodity markets’ average daily turnover ..

The Retailers Association of India (RAI) on Thursday called for a coordinated effort at handling the second wave of the coronavirus pandemic instead of creating diverse restrictions at local levels like weekend lockdowns, shutdown at 8 pm and arbitrary testing inside malls. Stating that the Indian retail industry had faced many hurdles last year due to lockdowns and localised restrictions, RAI said as the number of COVID-19 cases surge and the pandemic takes a new turn with the second wave, the retail ..

MARKETS regulator Sebi on Wednesday reduced the timelines for refund of investors' money to four days in case of non receipt of minimum subscription and the issuer failing to obtain listing or trading permission from the stock exchanges. The timelines have been reduced after taking into consideration that Application Supported by Blocked Amount (ASBA) has been mandated for all applicants in public issues...

STAINLESS steel production in the country declined 19 per cent to 3.17 million tonnes (MT) in 2020, according to the Indian Stainless Steel Development Association (ISSDA). Despite the pandemic-induced lockdown in the April-June 2020 period, which halted the production in the country during the quarter, India continued to be the second-largest producer of stainless steel globally...

Nagpur Chamber of Commerce Limited (NCCL) has launched drive to create awareness about the safety measures to be taken during the present COVID-19 pandemic. It also distributed mask free of cost to various trade associations. All the directors of the Chamber told the members of the trade associations that they should tell their employees to follow the guidelines pertaining to COVID-19...

The city based public sector enterprise - Western Coalfields Limited (WCL), which had surpassed its coal production target of 2019-20 by a comfortable margin, is all set to miss the same in the current fiscal. Against the target of 60 million tonnes (MT) for 2020-21, the Miniratna Ratna company is likely to achieve only 50 million tonnes of coal production till March 31. When contacted, Manoj Kumar, Chairman-cum-Managing Director - WCL, said that the final figures will be available in the next three ..

THE Department of Posts has issued new rules for deduction of TDS if the aggregate withdrawal from all post office schemes is more than Rs 20 lakh. The provision includes withdrawals from PPF also. As per the new provisions under Section 194N of Income Tax Act 1961, if an investor has not filed Income Tax Returns (ITR) for the previous three assessment years then tax deducted at source (TDS) will be deducted from the withdrawal amount. The new rule is applicable from July 1, 2020...

THE Institute of Cost Accountants of India, Nagpur Chapter recently organised a webinar on ‘Promoting and nurturing of Farmer Producer Organisations (FPOs)’. H M B Murthy, Secretary of Nageshwara Charitable Trust (NCT), a Producer Organisation Promoting Institution (POPI) for farmers was the keynote speaker. The event commenced with welcome address and inauguration of the session by CMA Anil Verma, Chairman of Nagpur Chapter of Cost Accountants. He highlighted about the collectivisation of producers, ..

ON THE auspicious occasion of Holi, Nag Vidarbha Chamber of Commerce (NVCC) will be organising an online ‘All India Hasya Kavi Sammelan’ on March 30. The entertainment programme will be on Facebook Live at 6 pm. Ashwin Mehadia, President of NVCC said that due to COVID-19 and lockdown the traders from the past one year are facing economic hardship and under huge mental stress...

The Agro & Rural Development Forum of Vidarbha Industries Association (VIA) organised a session on “Agritourism - Emerging opportunities for farmers to become Atma-nirbhar” recently on zoom. Prashant Sawai, Deputy Director of Tourism Nagpur Division conducted the first session on “Agritourism Policy.” He said Agritourism is a form of alternative to mass tourism based on sustainability, preservation of culture, heritage and traditions in rural areas. It comprises all forms of tourism in which tourists ..

While speaking at the Agro Food Tech virtual Summit organised by the Agrovision Foundation, Union Minister Nitin Gadkari said that empowerment of agriculture sector and rural India is must to make India self reliant. He also said that to accelerate growth in agricultural production, new technology, research and development and innovative farming should reach the country’s villages...

THE all-India energy demand is expected to be higher in March quarter of 2020-21 compared to same period a year ago despite the partial lockdown in some states due to a surge in COVID-19 cases, India Ratings and Research (Ind-Ra) said. Ind-Ra has published the March 2021 edition of its credit news digest on the power sector. The report highlights the trends in the power sector, with a focus on capacity addition, generation, transmission, merchant power, deficit, regulatory changes and the recent ..

  THE Directorate General of GST Intelligence (DGGI), Nagpur has busted a fake invoice racket in Maharashtra involving 15 entities who availed fraudulent Input Tax Credit (ITC) of Rs 282.34 crore and has arrested six persons in the case.As part of the ongoing drive against fake invoices, multiple searches were conducted in the last 3-4 days by the officers of DGGI, Nagpur Zonal Unit across Maharashtra to target 15 entities operating in Nashik, Palghar - Thane sector, a DGGI release said. ..

 Showing concern towards the growing cases of COVID-19 patients in the city, the Nag Vidarbha Chamber of the Commerce (NVCC) on Friday launched an initiative to create awareness among traders and general public. The chamber has put up advertising banners on auto-rickshaws displaying messages on safety precautions. The traders’ body, representing more than 13 lakh traders spread all over the region, put up banners on 100 auto-rickshaws. Mayor Dayashankar Tiwari, Ashwin Mehadia, President ..

Producer - Director Ramesh Thete’s upcoming film ‘The Battle of Bhima Koregaon’ will be released soon. The film, being produced under the banner of RTF Films, is attracting the attention of a large number of people. Advance booking of the film tickets is going on and the RTF Films has announced a unique lucky draw system on the bookings. Five lucky persons will get a cash prize of Rs 21 lakh each...