Lack of Cold Storage Facility Hinders HOPCOMS’ Profit

The Horticultural Producers’ Cooperative Marketing and Processing Society Ltd. faces considerable amount of loss every year for not having cold storage facilities. Bengaluru, Sept. 04, 2018 :Fruits and vegetables are highly perishable products and are thus subjected to considerable loss and wastage. They do not have long shelf value, except for certain vegetables such as […]

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Air Conditioner suppliers expect increase in sales this summer

With soaring temperatures in the city, the demand for air conditioners is likely to increase Bangalore, Apr 08, 2018:  Air conditioner dealers, like Croma, Reliance Digital and other local vendors, are expecting a growth in sales this year on account of reports which project a rise in average temperature to 40 degrees this summer. Even […]

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Hefty safeguard duty could severely spike solar energy prices

A 70 per cent safeguard duty being mulled could reverse last year’s crash in prices. Bangalore, April 9, 2018: Solar energy prices could spike significantly, up to Rs. 3.30 to 3.75 per kilowatt hour, if the proposed safeguard duty of 70 per cent on solar modules—mainly imported from China, Taiwan, and Malaysia—is implemented. While a […]

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Bengali restaurant owners to cash in on ‘Noboborsho’

Bengali Restaurants in Bangalore to see a hike in revenue as Bengali New Year dawns upon us Bangalore, April 9, 2018: Bengali New Year, also known as ‘Poila Baisakh’ is on the 15th of April this year. Famous The Bengali restaurants serving authentic Bengali food are expecting a hike in revenue. Swapan Ghosh, Manager at […]

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Indian silk loses it sheen in international market

Central Silk Board data shows a dip in silk exports from India.  Bangalore, March 22, 2018: According to data from the Central Silk Board, Indian raw silk exports have fallen and the raw silk import from China is on the rise. (Refer Table 1.1 and 1.2) According to various reports China is the leading exporter of silk in the world. […]

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RBI’s KYC norms leave users and providers in a fix

The Apex Bank’s directive to link KYC to one’s ID has made online payment cumbersome. Bangalore, March 15, 2018: It is no longer easy to tap and pay from your smart phone in case you run out of cash. Prepaid Payment Instrument (PPI) players like Paytm, Mobikwik as well as customers are facing a difficult […]

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Form 27: A tale of patents lost in vagueness

Bangalore 13th March 2018: A large number of companies and individuals filing for patents and licenses don’t provide critical information about their inventions, stated by law. This removes the transparency in the patent filing process and acts as a hindrance in assessing whether a patent has benefitted the general public at large. Prof (Dr) Shamnad […]

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GST compounds farmers’ woes as cost of machinery rises

Bangalore, Oct 12, 2017: The 12 per cent GST on farm machinery has hit manufacturers and farmers in Bangalore. Before the GST, almost all farm equipment’s including threshers, drip irrigation systems, laser levelers, harrow, and cultivator power sprayer were taxed under Value Added Tax system at the rate of 5 per cent. Drip and sprinkler irrigation […]

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