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Rajasthan CM Ashok Gehlot asks Centre to further cut excise duty on petrol, diesel
Rajasthan Chief Minister Ashok Gehlot asked the Central government to further cut excise duty on petrol and diesel. Speaking to the media, the chief minister said, "We demand the Central government to further cut petrol and diesel prices."
"If the Centre reduces fuel prices, then, it will be reduced in the states too," Gehlot said.
"We know that after elections are over in five states in 2022, fuel prices will start rising again, therefore we want a promise from the Central government that it will hike fuel price further," he said.
Earlier in November, in a significant decision, the Centre reduced excise duty on petrol and diesel to bring down the prices of the two petroleum products which had been seeing an upward trend.
The relief to consumers came on the eve of Diwali. The Finance Ministry said that excise duty on petrol will come down by Rs 5 and that on diesel by Rs 10. It urged the states "to commensurately reduce" VAT on petrol and diesel to give relief to consumers.
(With ANI inputs)
The first quarter of the year was majorly impacted by the pandemic and witnessed a substantial dent in sales figures. As the lockdown was eased and restrictions were uplifted, Dollar Industries saw a rise in sales volume which resulted in 2x growth in sales. The brand is positive that the third quarter which includes the festive season, will be promising and the sales graph will pick up further.
“After a large number of requests from across the country about our products, we are happy to announce that now consumers can shop UNIQLO products from the comfort of their homes. With this service we hope to provide more customers with iconic UNIQLO items like HEATTECH and Fleece jacket along with essential items like AIRism through our website to support their lives in this new normal. We will be delivering to people in more than 17,000 pin codes across the country,” says Tohomiko Sei, CEO, UNIQLO India.
Bullish on the potential of the Indian market, he said,”We need to grow and there is a great opportunity to grow to the newer tier II cities, where today we have 50 percent of stores. There are many many cities where we can enter and we need to strengthen our position and presence in tier I cities, which are very big and there we can have more.”
“It is one the very few categories in apparel that is fast selling even in the pandemic. With consumers not stepping out for formal gatherings and being confined to their homes, the demand for comfortable yet stylish apparel that can be worn in the comfort of our homes has increased rapidly, leading to athleisure gaining its ground post the lockdown,” states a spokesperson from Jack & Jones.
“The demand for loungewear is increasing to cater to consumers’ new normal. The lives of consumers have been altered dramatically by the impact of the coronavirus crisis, and social distancing and working from home have shifted requirements for categories such as work wear and going-out attire, to items suitable for a life lived in the home. Even before social isolation, increasingly flexible working habits, and the India growing freelance workforce had already led to increased demand in a relaxed, more lounge-focused approach – and several brands have launched in recent years seeking to target this burgeoning market,” says Vishal Jain, Founder and CEO, TAB91.
“This report is not only an in-depth look into the Indian innovation landscape, but an invaluable tool for anyone looking to make a positive impact in the region. With action and all industry actors coming together to capitalise on these innovations, India is positioned to transform the fashion industry towards circularity,” says Katrin Ley, Managing Director, Fashion for Good.
The drive to go-green is accelerating lately, and Indian fashion brands strive to stay two steps ahead. The partnership between Myntra and LENZING™ ECOVERO™ brand brings high on fashion products to the online market. A legion of innovative minds has worked on this collection to offer a wide range of innovative designs across brands. Outfits made of LENZING™ ECOVERO™ fibers will be offered by top brands like Roadster, Dressberry, Mast & Harbour, and House of Pataudi (HOP). The reasonably-priced apparels offer a wide range of choices for buyers with various tastes in fashion.
Commenting on the launch of Smart Shopper, Akash Goyle, Country Manager and MD, Luxottica India, says, “Digital innovation is the future for Luxottica and for the entire eyewear industry. As we face newer challenges to keep up with the current situation and cater to an everchanging consumer behavior, our commitment remains to address the growing concerns and ensure that we offer a safe yet experiential environment at our partner stores. The Smart Shopper feature will allow the consumers visiting our partner stores to explore and Virtually Try-On any product from our vast assortment. This on one hand will ensure that the consumers do not have to physically try many products(and thus limit exposure) while on the other hand, it will enable our retailer partners to cater to all types of consumers, by enabling Try-On of the entire assortment of Luxottica, even when they do not have the same in their physical stock.”
Tailored to a sustainable lifestyle, LENZING™ ECOVERO™ fibers are derived from certified renewable wood sources using an eco-responsible production process meeting high environmental standards. LENZING™ ECOVERO™ branded specialty viscose fiber has been certified with the EU Ecolabel which is awarded to products and services meeting stringent sustainability requirements throughout their life cycle.
“Technology has helped our customers to choose from 7,000 products listed on our website. They are also enjoying video shopping and our shop at home feature. This has helped us win the customers snot only in India but also from abroad,” asserts Dr. C. Vinod Hayagriv, Managing Director & Director, C Krishniah Chetty Group of Jewellers.
“Although the scale of festivities may be smaller, we are still optimistic that people will embrace this ‘new normal’ and still find reasons to celebrate. We have already launched a stunning array of products for the festive/ wedding/ winter season in myriad blends and a very diverse colour palette,” adds Vikram Mahaldar, MD & CEO, OCM Private Limited.
Even market statistics seem to highlight similar predictions. According to the findings of the market research company GlobalData, the revenue of athleisure worldwide has increased by US$ 34 billion in only one year, from 2018 to 2019 and it will continue to skyrocket. A recent report by Technavio, released in May, says the category has the potential to grow by nearly $81 billion from 2020 to 2024.