- In order to promote electric vehicles, the Society of Indian Automobile Manufacturers has sought reduction of GST on these automobiles to 5 percent, besides one-time income tax deduction of 30 percent of vehicle price for non-financed buyers.
- In a white paper submitted to the government, SIAM also mooted exemption of road tax for electric vehicles, while stating that a multi- pronged, segment and customer specific policy will be needed for a successful transition to electric mobility.
- The policy should collectively aim at improving affordability and acceptance of electric vehicles by bridging viability gap; enabling charging infrastructure build-out; encouraging domestic manufacturing and creating public awareness besides providing other enablers, it said.
- Demand incentives or cash subsidies can at best be a short-term measure to kick-start the process. However, tax rebates and other fiscal and non-fiscal measures can be sustained over a longer term and will have a greater impact and outreach. SIAM White Paper
- On specific fiscal measures, SIAM said GST rate for all EVs may be brought down from 12 percent to 5 percent and road tax be fully exempted.
- For EV buyers, the paper proposed a "one-time income tax deduction of 30 per cent of vehicle price from total taxable income to individual purchasers, who have not availed any bank finance for the purchase."
- To determine the cut-off price for such an incentive, a maximum vehicle price of Rs 25 lakh (the same used to define SUVs as per SIAM classification) may be considered, it added.
- The paper further said for individuals who have availed bank finance to purchase a personal EV, "income tax deduction of up to Rs 1 lakh on the interest component for loans taken may be given every year during the tenure of the loan, like government's scheme on home loans."
- On interest rate of finance, it sought a favourable treatment similar to priority sector lending for electric vehicles.
- Seeking non-fiscal support, the white paper said power tariff for charging of EVs could be 50 per cent of the existing domestic rate for home and workplace charging.
- Textiles is among the sectors identified by Technology Information Forecasting and Assessment Council (TIFAC) to bring down emission levels by using better technology.
- Gautam Goswami, who heads the TIFAC Technology Vision 2035, told The Hindu that a meeting was held in Coimbatore recently in this regard.
- “We met about 50 people and 40 % of them were from the industry. SITRA is an active participant in this project. Tirupur cluster is another important area. We are looking at how to go for textile processing with lesser water and more automation,” he said.
- Mr. Goswami explained that as part of the Paris agreement on climate change, India has to reduce emissions by 30 % to 35 %. TIFAC is preparing a report on the technologies required, indigenous technologies available, what needs to be borrowed, and ways to use the green climate fund. The report is expected to be finalised in a year.
“We have identified 10 sectors, including industrial processing, transport, agriculture, water, waste, and renewable energy. In industrial processing, major manufacturing industries such as steel, cement, textiles, leather and fabrication are covered,” he said.
- In textiles, we have identified about 30 areas and have asked the industry to prioritise (technology prioritisation techniques) these. The meeting held here was part of this effort.
- G. Thilagavathi, professor and head of textile technology at PSG College of Technology, said the Centres of Excellence of the department will organise more meetings with textile industry here to get their views on the technologies available and needed in different segments of the textile value chain and submit a report to TIFAC.
- BENGALURU: Flipkart and Amazon India both said their ecommerce businesses grew sharply in the three months ended September, registering a significant recovery from the months before the government introduced the goods and services tax.
- Flipkart said its ecommerce business grew at about 85% year-on-year in terms of gross merchandise volume (GMV) in the April-September quarter that included its flagship festive sales events, up from 65-70% growth in the preceding three months.
- Amazon India said it registered 72% year-on-year growth in terms of gross merchandise sold (GMS) for the September quarter, compared with 59% growth in April-June.
- Flipkart investor Naspers, however, in a recent report has said the company grew at 43% year-on-year in the six months from April to September, giving ammunition to Amazon India to claim faster growth than its larger domestic rival at 66% for the six-month period.
- "(Naspers') report actually refers to the January-June period and... has a lag of three months, so the comparison isn't like-for-like or relevant," said Flipkart chief financial officer Sriram Venkataraman. "Flipkart continues to outpace the industry and our growth accelerated significantly during the July-September quarter on the back of a very strong festive season. We saw growth in mid-80% for (the September quarter) across all categories, with GST having a positive impact," Venkataraman said
- An Amazon India executive, however, insisted that the global ecommerce giant's India unit was "growing much faster than the market and grew 1.5 times more than Flipkart" between April and September.
- VASTRAJET offers precise dot placements and high precision printing
- Has a printing working width of up to 180 cms and can easily integrate into an existing process house
- Suitable for a variety of fabrics like cotton, silk, wool, polyester and their blends
- ColorJet India Ltd, India's biggest manufacturer and marketer of wide format digital inkjet digital textile printers, will be offering live demonstrations of its best selling printer, the VASTRAJET at the stall of T4 Texultants, which is a marketer of several textile technologies at ITMACH 2017 to be held in Gandhinagar, Gujarat. T4 Texultants are available in hall 8, booth no D-38/E-32.
- ITMACH 2017 visitors will get the opportunity to take a close look at the process of digital printing and also discuss the nitty-gritty of the printer with experts from Colorjet India. Colorjet has an installed base of 4000+ digital printers from Australia to Europe.
- The VASTRAJET, a direct to fabric digital printer has a printing working width of up to 180 cms and can easily integrate into the setup of an existing process house. VASTRAJET produces brilliant quality prints onto textiles with high colour consistency, using water based inks which are suitable for printing on a variety of fabrics like cotton, silk, wool, polyester and their blends.
- VASTRAJET offers precise dot placements and high precision printing and is available in 4 & 8 colour variants and is built on industrial grade jetting assembly. For outstanding print quality and perfect print registration, it uses an adhesive belt with built-in automatic washing system.
- The structure of the VASTRAJET is excellently designed to handle high speed production and precise dot placements, while the proprietary AIVC technology ensures high precision printing. The high speed is achieved through specially designed jetting controls to optimize printheads performance, to match the high jetting frequency.
- For those looking at higher productivity, Colorjet also offers the METRO with 16 heads, offering production in the range of 200 sq. metres per hour.
- ColorJet India designs, manufactures and integrates every component of its printers like inks, printheads, and the control system to ensure maximum quality, reliability and uptime combined with low total cost of ownership.
- Colorjet digital textile printers have been installed at several textile fabrics process houses across the globe and has gained the trust of the user community, due to the robustness of its printers and also the excellent after sales service and support.
- “ColorJet eyes ITMACH 2017 as a great platform to exhibit its technological advancements. The VASTRAJET digital textile printer has written a long story of success in different geographies globally. The fabrics printed on ColorJet digital machines are exported to many developed economies. In fact even designer fabrics are also printed on our machines,” Brand Manager at Colorjet, Smarth Bansal said.
- For more information please visit www.colorjetgroup.com
- About ColorJet India Ltd:
- ColorJet India, the largest manufacturer of digital inkjet printers in India, markets its products in 14 countries worldwide. Founded in 2004, the company maintains its operations via two manufacturing facilities and sales offices spread across seven countries, which include India, China, Bangladesh, UAE and Sri Lanka. To-date, ColorJet has installed and implemented over 4,000 of its printing solutions and products across 315 cities around the world backed by a strong 278 member team, of which almost 100 are in technical related functions.
- Textile industry should invest in technology, especially post spinning technology, to grow further, said Sanjay Jayavarthanavelu, Chairman and Managing Director of Lakshmi Machine Works, here on Friday.
- Inaugurating Texfair 2017 and Farm to Finish Expo, a four-day event organised by Southern India Mills’ Association (SIMA), he said the textile industry should work towards addressing the challenges that come with changing trends. Earlier, there were four fashion seasons a year and textile manufacturers had substantial lead time to convert fibre to garment. Now, it is said that some fashion brands launch two collections a month. So the lead time available reduces for the manufacturers. However, segments such as leisure wear, bed and bath, and industrial fabrics are growing, throwing open new opportunities. Textile manufacturers are hence of two categories - those who make commodity items and those who make speciality fabrics. The industries needs to invest in technology to capture the potential in the market.
- Mr. Jayavarthanavelu also urged the industry to work together as there is a need for a comprehensive policy to grow in strength.
- Ajay D. Shah, president of Textile Machinery and Mill Stores Merchants Association, said the GST on textile spares was 18 % and the association has sought reduction of the rates.
- Kaizar Z. Mahuwala, president of Indian Textile Accessories and Machinery Manufacturers Association, said 63 of its members are taking part in the exhibition. Indian textile machinery market is expected to grow at 12 %. “We have the entire range of machinery and accessories for textile sector,” he said.
- Apparel producers can win with higher levels of productivity, new opportunities and growth with inkjet print, digital front end and production workflow technologies from Electronics For Imaging, Inc. showcased at Shanghaitex exhibition. New products on display include the EFI™ Reggiani ReNOIR VOGUE, an industrial textile printer designed for superior-quality direct-to-textile printing for fashion applications.
- Building on EFI Reggiani’s 70 years of experience in advanced textile imaging, the new printer is the most-advanced leading-edge textile product in the EFI Reggiani ReNOIR product line, and gives users the ability to master speed and tension to ensure the most accurate fabric handling.
- “Whether it is for apparel and accessories, sportswear and footwear, or home textiles, the EFI Reggiani ReNOIR VOGUE can handle it. The new printer, along with the entire EFI Ecosystem of products like Optitex 2D/3D design software, Reggiani digital printers and inks, and our newest Fiery® proServer offering, create an effective, more-efficient manufacturing model for the fashion space” according to Adele Genoni, EFI Reggiani General Manager.
- Fashionable productivity and considerable savings
- Taking centre stage in EFI’s stand at Shanghaitex, the VOGUE model is the first in a series of EFI Reggiani printers that will incorporate new electronics and best-in-class innovations for industrial textile printing. It prints at resolutions up to 2,400 dpi with 16 printing heads, 8 colours and 4- to 72-picolitre drop sizes. Using virtually any type of textile ink, it also boasts an innovative recirculation system that saves ink and reduces maintenance during machine operation and between stoppages. The recirculation system also reduces the need for specific air conditioning and humidity controls, saving energy and reducing overall usage costs.
- An innovative new enclosed printhead design on the VOGUE simplifies the carriage layout and ensures easier print head removal. A new composite carriage with a steel head plate eliminates the need to align individual heads. The printer also automatically detects substrate widths, centres images and sets margins for jobs. As a result, operators no longer need to measure fabrics before loading them.
- FAISALABAD: Shabbir Hussain Chawla, president Faisalabad Chamber of Commerce and Industry (FCCI) Sunday urged scientists of the National Institute of Biotechnology and Genetic Engineering (NIBGE) to develop cheap and simple applications of nanotechnology for the textile sector.
- It will help Pakistan promote its textile exports and earn more foreign exchange, he added.
- Addressing a symposium on ‘Nanotechnology-Current Trends and Future Prospectus in Pakistan’ as chief guest at NIBGE here Sunday, he said that textile sector in Faisalabad alone contributed 55pc towards the total textile export of the country, while its share in GDP was around 8pc.
- The function was also addressed by Director NIBGE Dr Shahid Mansoor and other scientists of the institute.
- Facing criticism over glitches in the software it developed for the GST Network, InfosysBSE 0.41 % Ltd has deployed more IT experts and engineers in states to steady the Goods and Services Tax return filing portal, a government official said today.
- Infosys, which had won the Rs 1,380 crore deal in 2015 for developing and running GST's back-end, has stepped up efforts to remove outages the system faced during peak tax and return filing period, he said.
- "Infosys has started deploying more engineers and IT experts for the GSTN project. They are being sent to major states to address issues and help states better understand the system," the official said.
- Businesses and traders have complained of problems faced in filing of return on the GST-Network portal on the last days, forcing the government to extend deadlines.
- While it had extended the date for maiden GSTR-3B return filing in August, the due date for final returns GSTR-1, 2 and 3 has also been extended.
- Glitches in invoice matching while filing GSTR-2 was flagged at the meeting of Group Of Ministers (GoM) on October 28 following which it directed Infosys to deploy more software engineers in every state to assist state tax officers with the new IT system.
- The official said Infosys has already deployed more than 100 IT people in their team for GSTN functioning.
- Bihar Deputy Chief Minister and head of GoM on GSTN Sushil Modi had last week said that Infosys was earlier asked to deploy engineers in major states by October 30.
- "They have done so in 9 states and sought time till November end to deploy in other states," Modi had said.
- Infosys won a 5-year government contract worth Rs 1,380 crore in 2015 to develop the IT system for the biggest indirect tax reform GST.
- While some believe that the onus was on Infosys to ensure a glitch free system, others say that the last moment finalisation of rules relating to returns took toll on the system's performance.
There have been rumours all over the web that OnePlus will ditch the OnePlus 5T for OnePlus 6 this time. But chances are this is may be just a rumour and not the truth. Reason? A new report claims that OnePlus 5T is real and will be launched by November 2017.
According to a new report from GizmoChina, OnePlus could launch the OnePlus 5T in November with some massive changes from its current flagship phone- the OnePlus 5. The report claims that the upcoming OnePlus 5T will ditch the 5.5-inch full-HD display of the OnePlus 5 and instead sport a LG V30-like 6-inch full HD display with 1080x2160 pixels of resolution. The phone will have very S8-like slim bezels with an aspect ratio of 18:9.
The report also contains an image sample of what the phone could look like. The phone looks similar to the Galaxy S8 with really thin bezels at the top and bottom of the phone. The phone looks taller than usual OnePlus phones. The report claims that OnePlus 5T will be launched in five months after the OnePlus 5, something similar to what we saw with OnePlus 3T. OnePlus launched the 3T version after the five months of the launch of the original OnePlus 3 in the year 2016.
To recall, OnePlus 3T was launched in December 2016 with a price hike in comparison to the OnePlus 3. The 3T was launched at Rs 29,999 while the original OnePlus 3 was launched at Rs 27,999. The 3T comes with a new processor, an improved selfie camera, a new 128GB storage variant and few new colour options.
The OnePlus has been launched at starting price of Rs 32,999 in India. The phone runs Android 7.1.1 Nougat-based OxygenOS and is powered by an octa-core Qualcomm Snapdragon 835 SoC. There are two variants-one with 6GB RAM and the other with 8GB RAM. The phone comes with dual camera set up.
While there is no confirmation from the company on the launch of OnePlus 5T, the OnePlus 5 which is the OnePlus' flagship phone of this year has already gone out of stock in several markets like US and UK. The Slate Grey variant of the phone shows unavailable in many countries.
If you visit Google's website today, you will come across a doodle that celebrates adventurer Fridtjof Nansen's 156th birthday. Nansen is known as the first person to lead an expedition across the snow-capped interior of Greenland in 1888, pioneering exploration of an unknown terrain, as well as his work for refugees during his time.
The Google doodle today shows a sketch of Nansen along with a motion sketch of him on skis as he is also remembered for learning how to cross-country ski for as much as 50 miles in one day on minimum supplies. He was born in 1861 in Oslo, Norway and his love for outdoors while growing up led him to take up zoology at the Royal Frederick University 20 years later in 1881.
Following the 1888 expedition, Nansen attempted to become the first person to reach the North Pole, which sadly went unsuccessful. However, Nansen did manage to travel farther north in latitude than any explorer at the time.
Nansen began focusing more on his research at home after World War I in 1914, which forced him to curb his explorations. A few years later, he would become more politically inclined, working to free around half a million prisoners of war and repatriate refugees. His work led him to create a document that was known as the Nansen Passport (also shown in today's doodle) that allowed stateless refugees to cross borders legally and resettle.
His efforts in helping refugees relocate, his work for the repatriation of the prisoners of war, and his work to bring succour to millions of Russian affected by famine, among other humanitarian work led him to receive the Nobel Peace Prize in 1922.
"Fridtjof Nansen began his career by shattering the boundaries of human exploration, and he brought the same courage and tenacity to his fight to support refugees," Google's blog post reads.
Nansen died at home of a heart attack on May 13, 1930. He is remembered today as one of Norway's leading skiers, his expertise in Greenland and Fram expeditions, as well as his recognition as one of the founders of modern neurology, among other things. You can read more about Nansen's life and work by tapping on the Google Doodle today.
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- Electric Vehicle Drive: Automakers For 5% GST, Tax Deduction For Individual Buyers
26 Dec 2017
- Efforts to prioritise textile technologies
18 Dec 2017
- Amazon claims 1.5 times faster growth than Flipkart in GST era
12 Dec 2017
- ColorJet to show its best selling digital textile printer VASTRAJET at ITMACH 2017
06 Dec 2017
- Textile manufacturers urged to invest in technology
06 Dec 2017
- Top digital production ecosystem expands at Shanghaitex with launch of new EFI Reggiani Printer
01 Dec 2017
- Scientists urged to develop nanotechnology applications for textile sector
20 Nov 2017
- Infosys deploys more people in states to ease GSTN load
04 Nov 2017
- OnePlus 5T with 6-inch, Galaxy S8-like curved display to launch in November: Report
10 Oct 2017
- Google celebrates adventurer and humanitarian Fridtjof Nansen's 156th birthday with a doodle
10 Oct 2017