The Round of 16 got underway in style at the FIFA World Cup!
Sensational Strikes, Magnificent Mbappe and the end of an era for two icons of the game, Matchday 16 had it all! What was your highlight? Find out where to watch live: fifa.tv/watch2018 Match highlights: https://www.youtube.com/watch?v=SDY1N-IJOA8&list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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PEPE Goal - Uruguay v Portugal - MATCH 49
Pepe's goal for Portugal against Uruguay. Find out where to watch live: fifa.tv/watch2018 Match highlights: https://www.youtube.com/watch?v=SDY1N-IJOA8&list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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Edinson CAVANI Goal 2 - Uruguay v Portugal - MATCH 49
Edinson Cavani's goal fro Uruguay against Portugal. Find out where to watch live: fifa.tv/watch2018 Match highlights: https://www.youtube.com/watch?v=SDY1N-IJOA8&list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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Edinson CAVANI Goal - Uruguay v Portugal - MATCH 49
Edinson Cavani's goal fro Uruguay against Portugal. Find out where to watch live: fifa.tv/watch2018 Match highlights: https://www.youtube.com/watch?v=SDY1N-IJOA8&list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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Uruguay v Portugal - 2018 FIFA World Cup Russia™ - Match 49
An Edinson Cavani double was enough to see off Portugal and secure Uruguay's passage to the Quarter-Finals of the 2018 FIFA World Cup. Find out where to watch live: fifa.tv/watch2018 More match highlights: https://www.youtube.com/playlist?list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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The CBDT today extended the deadline for the PAN-Aadhaar linking to March 31 next year. This is the fifth time the government has extended the deadline for individuals to link their Permanent Account Number (PAN) to their biometric ID (Aadhaar).The policy-making body of the tax department issued an order, under Section 119 of the Income Tax Act, late night, extending the deadline. The Central Board of Direct Taxes (CBDT) had last extended the deadline on March 27. The latest order said the deadline for the PAN-Aadhaar linking for filing I-T returns was being extended after "consideration of the matter". It is understood that the fresh CBDT order has come against the backdrop of the Supreme Court earlier this year directing extension of the March 31, 2018 deadline for linking Aadhaar card with various other services. The apex court had ordered that the deadline be extended till the five-judge constitution bench delivers its judgment on petitions challenging the validity of the biometric scheme and the enabling law. The government has now made quoting of Aadhaar mandatory for filing income tax returns (ITRs) as well as obtaining a new PAN. Section 139 AA (2) of the Income Tax Act says that every person having PAN as on July 1, 2017, and eligible to obtain Aadhaar, must intimate his Aadhaar number to the tax authorities. As per updated data till March, over 16.65 crore PANs, out of the total about 33 crore, have been linked with Aadhaar. The earlier deadlines for linking the two databases were July 31, August 31 and December 31, 2017, March 31 and June 30 this year.

from The Economic Times https://ift.tt/2tGqKeE

Angel DI MARIA Goal - France v Argentina - MATCH 50
Angel DI MARIA's goal from the match against France. Find out where to watch live: fifa.tv/watch2018 Match highlights: https://www.youtube.com/watch?v=nc9zirKrT0Q More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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Antoine GRIEZMANN Goal - France v Argentina - MATCH 50
Antoine GRIEZMANN's goal from the match against France. Find out where to watch live: fifa.tv/watch2018 Match highlights: https://www.youtube.com/watch?v=nc9zirKrT0Q More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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Benjamin PAVARD Goal - France v Argentina - MATCH 50
Benjamin PAVARD's goal from the match against France. Find out where to watch live: fifa.tv/watch2018 Match highlights: https://www.youtube.com/watch?v=nc9zirKrT0Q More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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Gabriel MERCADO Goal - France v Argentina - MATCH 50
Gabriel MERCADO's goal from the match against France. Find out where to watch live: fifa.tv/watch2018 Match highlights: https://www.youtube.com/watch?v=nc9zirKrT0Q More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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Kylian MBAPPE Goal 2 - France v Argentina - MATCH 50
Kylian MBAPPE's goal from the match against France. Find out where to watch live: fifa.tv/watch2018 Match highlights: https://www.youtube.com/watch?v=nc9zirKrT0Q More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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Kylian MBAPPE Goal - France v Argentina - MATCH 50
Kylian MBAPPE's goal from the match against France. Find out where to watch live: fifa.tv/watch2018 Match highlights: https://www.youtube.com/watch?v=nc9zirKrT0Q More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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Sergio AGUERO Goal - France v Argentina - MATCH 50
Sergio AGUERO's goal from the match against France. Find out where to watch live: fifa.tv/watch2018 Match highlights: https://www.youtube.com/watch?v=nc9zirKrT0Q More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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Vikash Patil’s siesta inside his mini-cargo truck, parked outside Surat’s Vankar Textile Market, comes to an end when his colleague Anwar Khan returns from a wholesaler’s office. All the paperwork has been done and the duo will now have to transport the goods in the truck — bundles of clothes — to a bigger vehicle some distance away. From there, the clothes and others from across Surat will be taken to a factory, where these will be dyed and embroidered — all part of its journey to becoming an apparel.Patil and Khan are part of an industry that is trying to find a footing after being hit hard by the roll-out of the new indirect tax regime. The goods and services tax (GST), implemented on July 1, 2017, subsumed 17 taxes under five slabs. It was supposed to ease tax process and intra-state trade. But a year since, GST remains an unpleasant term for small trader.“You ask everyone here — from porters to a seth (merchant) — GST is the most feared word even now,” says Patil, showing the 15-digit goods and service tax identification number on the challan in Khan’s hands. This document is crucial for tax processes. 64809503 A year ago — the days before the GST was implemented — textile traders in Gujarat’s second largest city came out on to the streets, fiercely opposing the new tax. The 5% tax slab included fabric, and Surat is a hub of fabric. The traders were anguished as fabric was never taxed in independent India, though yarn — the raw material from which fabric is prepared — was covered by value-added tax. For 18 days, the city’s textile industry, with 65,000 wholesalers spread across 150 markets, stopped work. Surat was the only city to see such fierce opposition to the GST.The textile traders also received support from a section of diamond merchants, who were unhappy with the 3% GST on cut and polished diamonds. But the anger of the city’s diamond industry evaporated when the GST Council slashed the rate to 0.25%. Surat has about 4,000 diamond factories, directly and indirectly employing seven to eight lakh people.The knife of GST had cut the city’s trading community into two. On the one side is a diamond industry that remains largely unaffected by the GST. On the other side is the textile industry, which is crying for help and sending SOS messages to the Centre. 64809537 According to data with the Federation of Surat Textile Traders Association, production in the city has dropped from 4 crore metres a day to 2.5 crore metres in the past year. One lakh looms have been sold, some in the scrap markets, as business had to shut shop. The federation’s general-secretary Champalal Bothra says: “At least 5,000 textile traders wound up their business after GST. The new tax regime has impacted 60% of marginal traders, those with an annual turnover of less than Rs 5 crore. The 5,000-6,000 traders who earn Rs 10 crore or more have been insulated from the GST.”The question, however, is why should a 5% tax cause such an extreme distress to the textile industry? Traders cite various reasons — from not getting refund on duty inversion (inverted duty is one when tax on finished product is lower than that on the raw material), blockage of working capital because of purchase-sell mismatches and, the most dreaded, process of filling up a complicated form called ITC-4, mandatory for securing tax credit. Getting tax credit lowers the tax burden of a trader. 64809551 Union Finance Secretary Hasmukh Adhia has another view on why Surat traders are opposing GST. “Traders are not willing to come under the tax net mainly because of the fear that they will have to report their correct turnover, which may have consequence on the direct tax side,” says Adhia, who, as the head of the revenue department, is also the ex-officio secretary of the GST Council, the apex body that approves changes in the indirect tax regime.But a number of traders told ET Magazine they were paying income tax honestly, and added that the transition from cash to cheque transactions was taking a toll on business volume.Unlike most textile units, the diamond industry is better organised. The GST has just been an add-on procedure for this section.Imported raw diamonds land in Mumbai through the banking channels before being ferried by the angadias, the unofficial courier men, to Surat. The diamonds are processed in Surat, Saurashtra and other parts of Gujarat before being exported. Angadias charge fee in cash, giving scope for manipulation.In fact, the government’s 0.25% GST levy on rough diamonds is basically meant for tracking the transit of diamonds rather than mopping up any additional revenue for the government. 64809566 “Three percent GST on polished diamonds was a concern for us,” says Babubhai N Gujarati, president of Surat Diamond Association. “But I knew the government would understand. The GST Council reduced the rate to 0.25% in January this year.”Forget GST, this diamond industry seems unmoved by even the Nirav Modi-Mehul Choksi scam. Flamboyant diamantaire Nirav Modi and his uncle Mehul Choksi are alleged to have defrauded Punjab National Bank of over Rs 13,000 crore. Both are absconding. Will more such diamond frauds crop up in the days to come?“In 2003, we had the Chirag Diamonds case (the company declared itself bankrupt and the owner Mahendra Gandhi mysteriously disappeared from the country),” says Damjibhai G Mavan, secretary of the city’s diamond association. “Now we have Nirav Modi. But the diamond industry is resilient enough to overcome such turbulences. Surat’s diamond business is well above GST or Nirav Modis.” 64809584 “In diamond trade, a polisher can become a factory owner”Babubhai N Gujarati, who rose from being a diamond polisher to a factory owner, explains why GST has no impact on the diamond businesses in SuratI started as a polisher in late ’60s, working over 10 hours a day. It was quite a struggle till I set up a diamond factory in Surat in 1992. I named the company B Mahesh. B is Bharat, my elder son who now manages our office in the headquarters, Mumbai.And Mahesh is my younger son who looks after our factory in Surat. We have 400 employees and make an annual business of `80-90 crore. Today, GST has no impact on the diamond business here. I became the president of the Surat Diamond Association in August — a month after the implementation of the GST. I led a delegation to New Delhi and met Finance Minister Arun Jaitley.Three percent GST on polished diamond was a concern for us, as transactions in diamonds are of high value. But I knew the government would understand, and the GST Council reduced the rate to 0.25% in January. The diamond business is a job creator and it’s possibly the only business where a polisher can become a seth (merchant). 64809694

from The Economic Times https://ift.tt/2tIW3FB

In June this year, a relatively minor transaction emitted an important signal from the inscrutable world of Mumbai’s high finance. Investors, led by Hong Kong-based Ward Ferry and US-headquartered General Atlantic, paid $110 million to acquire a 5.1% equity stake in IIFL Wealth Management, valuing the unit of the Nirmal Jainpromoted IIFL Holdings at $2 billion.The news might have caused top executives at the world’s financial hubs in New York, London and Hong Kong to do a double take. At least four marquee banking brands — Morgan Stanley, UBS, RBS and HSBC — had sold or wound down their wealth management business in India between 2013 and 2015. How could a supposedly difficult business be suddenly looking up?The tricky business of managing the wealth of India’s rich, perhaps the most trust- and instinct-led segment in all of finance, is not just looking up, but leapfrogging in sophistication and scope, promising not just high returns, but highly personalised service, and an implicit promise to cater to every need, whim, fancy and emergency. “We might get a call at 5pm in the evening. A businessman has forgotten to pay his advance tax. He needs to pay Rs 30 crore by 6pm and he has no money in the bank,” said Jain, chairman of the IIFL Group, during a recent interview. 64809292 A quick check of the businessman’s credentials and records with the firm, a snap decision to approve a line of credit after banking hours — all this has to be done in minutes to meet the deadline. In the world of the uber wealthy, understandably, some demands will border on the ludicrous. Another wealth manager recounted to ET Magazine the tale of a client who experienced an urgent need to purchase a Rolls Royce car, on his credit card. Could a Rs 10 crore credit limit be arranged on the card, right away, please? Not all demands are impulsive or lastminute.Some mandates can bring the wealth managers close to the client’s innermost thoughts and vulnerabilities. The mandate to draw up a family constitution for a business family with 170 members, spread across the world, each owning small bits of a business that runs in India, can be “an emotionally intense experience”, one wealth manager said. The wealth managers recounted anecdotes on the condition of anonymity, due to client confidentiality. 64809339 This, then, has come to be the expectation: If I’m trusting you with my money, I’ll expect you to be no less than the best in the world in growing my money. I’ll also count on you to be my friend, investment banker, life coach, concierge, legal adviser, 3 am counsel, shrink, credit arranger, voice of sanity and immigration lawyer, all rolled into one.Indian wealth managers are addressing a market with Rs 100 lakh crore ($1.5 trillion) of investible wealth, expected to double in the next five years. It’s already almost equal to the total savings bank deposits in the country. The heft is a given. What’s emerging in this business are three distinct trends — the growing complexity of client demands, the new sectors and the cities that are birthing the wealthy, and the growing sophistication of financial instruments into which the money is being deployed. 64809420 64809423 Two homegrown players have taken a clear lead in wealth management in India — IIFL Wealth and Kotak Mahindra Bank. Indian banks such as HDFC Bank and ICICI Bank, and non-bank players such as Edelweiss and Centrum, are also extremely aggressive, as are foreign players such as Citibank, Standard Chartered, Julius Baer and Credit Suisse. But there seems to be space for all. “Demand is not the problem,” says Anshu Kapoor, the head of private wealth management at Edelweiss, while talking about how much money is out there to manage, “It is the supply that has to keep up.” Growth is a given. The industry is eyeing something in excess of $3 trillion of personal investible wealth by 2022, as the Indian economy is poised to clock high single-digit growth rates. 64809485 The real market for the wealth managers generally begins at personal net worth of Rs 20-25 crore. While boutique services are available for those with lower net worth as well, including web-based tools for those with sub-Rs 1 crore net worth, it is the needs of the ones above the Rs 20-25 crore threshold that are reshaping the industry. One key influence on the industry is the needs of the entrepreneur class — emerging as well as old money. The entrepreneurs, especially those in the small and medium scale bracket, seek help from wealth managers for capital infusion or to monetise physical assets. And they end up getting involved in the business. The relationship works the other way too, where corporate finance services lead to wealth management. It is now important for the wealth manager to be a virtual private bank with access to credit and investment banking. 64809490 Ashish Garg of Boston Consulting Group, which recently released a report on wealth management, says: “In India, for MSMEs, business wealth is fungible with personal wealth.” Then there are the professionals — occupants of the C-suites and those with ESOPs. There is also old money, and Jain of IIFL points out that many such old money clients hail from Kolkata, clients who had made their fortunes in once dominant industries such as jute, and would normally have their chartered accountant manage their wealth.“Everyone has a different relationship with their money,” says Raghav Singhal, who heads wealth management at ICICI Bank, adding that the industry is reaching out to all kinds of clients with surplus money. The needs will vary depending on a host of factors. At 65, a client will have a lower risk appetite, and will be more concerned about wealth preservation and transfer to the next generation, compared with a younger client. Kapoor of Edelweiss adds another layer of complexity here, saying clients might have different sets of assets or wealth and assign risk differently to each — take for example a portion of assets marked for business growth and another portion marked for inheritance and transfer to the next generation. 64809495 There are also cultural nuances, like aversion to debt, that wealth managers have to work with. A wealth manager recounts how a client once requested that they help him sell off some of his investments to fund the purchase of an aircraft. “I found it so funny. I said let us do it on credit, but the client was steadfast. He did not want to borrow.”Relationships are KeyWealth managers confide that often they need to do business at odd hours. A dinner meeting at one of the hotels near an airport while the client prepares for an early morning flight is commonplace. A meeting that goes on till the wee hours of the morning — especially if a deal is being discussed — are also common. If the client is a film star, the timings and the constant rescheduling can get rather demanding. And matters can also get emotional, when it comes to a life’s work or passing on a legacy.Arpita Vinay, executive director at Centrum Wealth Management, says that the process of writing a will for a client that takes six months is often akin to having known the client over 20 years. Often the wealth manager helps manage business succession and family succession, and in such cases, as Vinay puts it, there are delicate situations where, “Equal is not always fair.”Trust becomes key here, and Singhal of ICICI points out that it is important to show that the wealth manager is not trying to push products, but has the best interest of the client at heart. “Not just in our heart, but also in our processes,” Singhal adds. 64809557 This means the wealth manager sometimes have to be a coach of sorts to clients, training them on a new area of investment or new sector and prepare them for new opportunities. What hasn’t changed from the olden days is that trust remains paramount in the business. Some wealth managers even declare if they earn any commission from product vendors or mutual funds, and share the same with the client if it exceeds their fees. Iñigo Mendoza, a Spaniard who heads Credit Suisse’s wealth management business in India, has previously worked at the bank’s Swiss headquarters as well as in Singapore. He says wealth management in India is increasingly resembling its global counterparts and there is a distinct demand for greater sophistication.Jaideep Hansraj, CEO of wealth management and priority banking at Kotak Bank, adds that it is important to offer a complete platform to the client, along with the right people, processes and products. “It is not easy to get it all together. Wealth managers have to be able to offer a complete range of services. We offer services like succession planning through our trusteeship company as an add-on service, which is beneficial to clients. When clients require lending or M&A advisory, we refer them to our group companies,” Hansraj adds. There’s more: sometimes a client may want help to move a next-gen member to lead the business in a different country.All the layers of services and ancillaries rest on the foundation of the business — returns on investments in double digits — typically between 12% to 18% on the entire portfolio — depending on the risk profiles. So what is the move towards sophistication that Mendoza of Credit Suisse was referring to, and what are the instruments India’s rich are using to multiply their money? The exotic and esoteric are cast aside in favour of the smart and the sober. There is little clamour for alternative assets such as art, wine or private islands. In fact, the trend now is to eschew physical assets in favour of complex financial instruments, in a departure from the Indian norm.The average for Indian households, according to the 2017 report by the Tarun Ramadorai Committee on Household Finance, is 84% investments in physical assets like gold and real estate. For the Indian rich, too, there have been historically a lot of investments going into physical assets. That is changing.Arpita Vinay of Centrum confirms that clients across the country, including smaller cities such as Chandigarh or Coimbatore, are looking at moving their investments from the physical to the financial. With greater diversity emerging in the profile of their clients, by age, location and risk appetite, wealth managers are fashioning a special class of products.Among the most popular instruments for investing is the socalled long-short fund, which allows the investor to not only buy equities but also go short on it and hedge the risk. There are also various structured finance opportunities, where the client gets to invest in debt financing, through a complex set of instruments that cushion the risk. Also on the menu are the so-called mezzanine finance instruments, which invest in a mix of debt and equity. 64809562 Alternative investment funds, distressed assets fund, infrastructure yield funds, infrastructure investment funds and pre-IPO funds (where investment goes into a company before an IPO) are some of the other areas of interest. These also form part of the bouquet that the wealth manager puts together. Kapoor of Edelweiss says that in recent years, regulators have permitted many new financial instruments in India. Regular mutual fund houses, too, have launched funds targeting the money advised by wealth managers.Given the growing array of choices, investors welcome help in choosing and understanding. Atul Nishar, founder and chairman of Hexaware Technologies, is a client of IIFL Wealth, and had been convinced by Nirmal Jain himself to avail the services of the firm a few years back. He says: “We used to manage it at our family office. However, now we use the expertise of wealth managers as they know much more about the kinds of products available in the market and are able to match our risk profile to the instruments.” Nishar has also taken help from IIFL to invest in startups.Media entrepreneur Raghav Bahl has not only let a wealth manager manage his money but has also taken a firm’s help for tax planning, succession planning and to draw up a will. Bahl says: “As your portfolio grows you realise that your own ability to manage it is quite limited. Anything upwards of Rs 50 crore needs help.”There seems to be a consensus that the number of people in the bracket is increasing. Kapoor of Edelweiss estimates that if the bar is set at Rs 25 crore, there would be five lakh families with that kind of wealth by 2025, with only 25% of them getting help and the rest of the market open to be courted for business. In the meanwhile, with more than 20 mainstream players, the wealth management industry is also ripe for consolidation. The $110 million investment in IIFL Wealth Management could be a harbinger.

from The Economic Times https://ift.tt/2KCxfpr

Sujatha Rajeswaran made the kind of career shift those stuck in the corporate rat race tend to wistfully talk about, around the office water cooler. Eight years ago, she and her husband quit their IT jobs in Chennai and began farming on a three-acre plot near Puducherry, where they grow paddy, millets, pulses and sesame free of chemicals and pesticides. The switch meant losing a steady monthly income but Rajeswaran says they enjoy other luxuries, such as eating fruit plucked fresh from the garden. Some of the crops they grow, such as traditional varieties of rice, are sold directly to customers, while others are sold to a few retail outlets in Puducherry.By the time you read this, though, Rajeswaran would no longer be able to sell her produce to retail stores under the organic label. A new rule framed by the Food Safety and Standards Authority of India (FSSAI), which kicks in on July 1, bans the retail sale of food labelled as organic unless it has been certified according to one of two processes. “I don’t know what will happen,” says Rajeswaran, who chose to sell by building trust with the stores over getting her products certified. 64809718 So far, certification was compulsory only for export. Farmers who wanted to export organic produce had to opt for third-party certification by one of 28 agencies recognised under the National Programme for Organic Production (NPOP) guidelines. Those selling at home could either get NPOP certification or choose the cheaper Participatory Guarantee System-India (PGS), under which farmers form a collective and vouch for the others’ produce. But neither was compulsory for domestic sales. “It was a free-for-all situation where anyone could call anything organic and get away with it,” says FSSAI CEO Pawan Kumar Agarwal. “We are trying to create a clearer system.” The new rule will empower food safety officers to test samples from the market and prosecute transgressors. Sandeep Bhargava, CEO of certifying body OneCert, says the intervention was necessary. “It was very essential, with a lot of frauds taking place and many non-certified products in the market. This move will increase the trust of the consumer and eventually help expand the market.” 64809730 A 2016 Yes Bank White Paper on the organic market in India estimates the organised market to be Rs 250-300 crore and the “uncertified, unmonitored” one to be Rs 300-500 crore. On an average, organic produce sells at a 30% premium. At online retailer Big Basket, for example, a kilo of organic carrot costs Rs100 while local carrot is Rs80.Big Basket, which sees 5% of its sales from organic produce, says the company sells only certified goods, which includes private labels Fresh Organic and BB Royal Organic. “The FSSAI regulation will not affect our procurement. We are currently studying the draft notifications and will make necessary changes, if any, to comply with the notification,” says Seshu Kumar, national head for buying and merchandising, Big Basket. Online meat delivery startup Licious, which is gearing up to introduce organic meat, says it will sell only meat that is certified organic. “We will strictly follow such aspects of certification and rely on only accredited certification bodies,” says Rajesh Kumaramenon, vice-president, quality and food safety at Licious.But small farmers argue the two certification options are either expensive, cumbersome or both and doesn’t always guarantee quality. The samples in a 2014 study by the Indian Agricultural Research Institute had found pesticide residues above permissible levels, though the samples had been certified by third-party agencies. Erode-based Ramaswamy Selvam, who started organic farming in 1996, says certification under NPOP would cost him Rs 15,000-Rs 50,000, while the PGS system is cumbersome and time-consuming. For instance, the fee structure of Bureau Veritas, an NPOP-recognised agency, includes Rs 15,000 per man day for organic certification for one farmer, Rs 7,000 as certificate fees and Rs 2,000 for a transaction certificate, apart from expenses for lab analysis, travel and accommodation. Typically, a certification is valid for three years and renewals cost less. 64809743 64809745 Under PGS, which is supposed to be free, a farmer has to form a collective with at least four other organic farmers. “We would have to visit the others’ farms twice in one cropping season, which is not easy if the farms are not nearby. I see the new rules as a kind of punishment to me for having turned organic,” says Selvam, who has circulated an online petition demanding the rules be withdrawn. “If I apply for certification, I will also have to wait three years to get it. What happens in that period?” adds Selvam, referring to existing NPOP regulations which specify that “the whole farm…should be converted to the (organic) standards over a period of three years,” referred to as the conversion period. Vishalakshi Padmanabhan, founder of Bengaluru-based farmer collective Buffalo Back, says they are trying to help the 35% of their farmers who have not yet been certified with the procedure. “But it is not easy,” she says. Others, like NCR-based iOrganic, which sells 3,000 litres of milk a day, have been able to sidestep the rule by having organic only in the brand name. “We have not called our milk organic anywhere, we only say it is farm-fresh,” says founder Aditya Sinhal.Kavitha Kuruganti, a former member of the government task force on organic and non-chemical farming, warns that the new rules will keep a whole set of farmers out of the organic market. “It will become an elite market dominated by big brands serving wealthy customers.”FSSAI’s Agarwal argues that a clause exempts a “small original producer or producer organisation” directly selling to the consumer from certification. But Selvam asks why the exception for direct sales should be restricted to “small farmers”, a term that has not been defined. For now, the non-certified farmers and their supporters are hopeful of some leeway on deadline as well as further discussions to arrive at a solution acceptable to all. The FSSAI, on its part, says it is willing to listen. For starters, the ambiguity over the definition of who is a small farmer is likely to be removed by defining the category as those earning less than Rs12 lakh a year. “We might also give a few months beyond July 1 for farmers and others to comply. The regulations are final but in the course of implementation, if we face any difficulty, we are open to renewing them,” says Agarwal.

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Peter Betzel took charge as the CEO of Ikea India in March. In his previous role, he was the head of the Swedish multinational’s best performing market — Germany, for six years. Betzel’s appointment comes at a crucial juncture as Ikea will open its first India store in July, in Hyderabad. The company is making an initial investment of Rs 10,500 crore. Its Hyderabad store, spread over 400,000 sq ft, stocks 7,500 products and has more than 1,000 products priced under Rs 200. In his first interview after taking over the Ikea reins in India, Betzel speaks to Malini Goyal on a range of issues. Edited excerpts:On his first impression of IndiaBy nature, I am quite open to new ideas, challenges and experiences. But this assignment was not on my to-do list. What strikes you is the size, diversity and friendliness in the country, which is also the world’s youngest. We have been in Germany for over 40 years, and it is a very established operation. India is new and a very exciting and challenging market. In contrast to Germany, where people are a lot mature, in India, the openness of people to move and create a new life strikes you. The traffic, of course, is a disaster here.64809645 On Ikea’s plansWe have big plans for India. Telangana is one of our first identified priority markets, besides Delhi NCR, Maharashtra and Karnataka. We will open a store in Mumbai in 2019, with a multichannel multi-format approach, followed by Bengaluru and Gurgaon. In the next phase, we will expand to Ahmedabad, Surat, Pune, Chennai and Kolkata. We have about 1,500 co-workers (or employees) today. We will have 50 per cent women in the workforce at all levels. In the coming years, we will have close to 15,000 co-workers.On sourcing from IndiaIkea works with close to 60 suppliers and sources several products such as textiles, rugs and mattresses, lighting and metal products for our stores worldwide. Our suppliers have 45,000 direct employees. We would like to expand to new categories. We have already signed up sofa and mattress suppliers for export. We will maximise local sourcing to be more affordable and reduce carbon footprint by importing less. Our long-term goal would be to source more than 50 per cent of our products locally. FDI norms in India mandate 30 per cent value of all products to be locally sourced within five years of operations. We are on our way to around 19 per cent .64809650 On the product and supplier landscape in IndiaIndira bedspreads, made in Tamil Nadu, have been part of our range for more than 50 years. We have been making coir rugs in Kerala for many decades. Today, we have a recycled plastic supplier in west India. We now have a mattress supplier in Telangana and a sofa supplier in Karnataka. We work with 300,000 farmers producing better cotton in India. We work with two social entrepreneurs engaging 1,500 women artisans to make special collections for India. We have made a special Indian textile collection called Ursprungllig, a tribute to the Indian textiles industry.On Ikea India’s key challengesI see many opportunities. Retail deserves to have an industry status. Look at its potential — growing the economy, increasing manufacturing and sourcing from the country, creating jobs, developing skills, transferring knowledge and increasing participation of women in the workforce.On how India shaped IkeaIndia has been good for Ikea in multiple ways. Affordability (finding new solutions and new materials) and quality (meeting tough everyday environment in India) are two. Improving quality in India means improving quality for the world.64809664 On India debut and the Hyderabad storeWe did more than 1,000 home visits in Mumbai, Hyderabad, Bengaluru and Delhi to know more about their problems, needs, dreams and aspirations. All over the world, people do roughly the same things: eat, sleep, store, etc. But what differs is where and how they do it. For Indians, a home holds a special place in their heart. So, localisation will be visible in the solutions we showcase. For example, the 24-hour bedroom is an interesting challenge. People sleep, store, do make up, watch TV and eat in the bedroom. Every decision about the house is a collective one. Indians love colour. The most important part of every Indian home is its children. Our products will be affordable. There will be something for everyone.On smaller format stores in MumbaiWe have to get closer to customers. People have less time, they don’t want to spend a whole day going to a far-off Ikea store. When we open in Mumbai next year, we will open with an online option, a big Ikea store in Navi Mumbai, followed by other touch points in the city.On his expectations from the Hyderabad storeFor us, India is a new country. The only thing that I am sure of is that once the store opens, we will learn a lot. Learn and adapt, learn and adapt… less planning and more learning — that’s what I can foresee us doing.Sourcing, The Secret SauceWith its high-quality, sleek designs and hard-to-beat prices, Ikea is expected to consolidate and grow India’s unorganised home furnishing industry. Multiple factors help the world’s largest home furnishing retailer make compelling offer to its customers. One is its sheer size and scale — the $42 bn giant has 415 stores spread across 49 countries. Another is its sophisticated global suppler network combined with local sourcing. India is one of the last big bastions for Ikea to win. Its experience in tough markets like China should help. Expect Ikea, already working with 60 Indian suppliers & sourcing $370 mn worth of products, to put all its learnings and might to woo Indian buyers.

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Kylian MBAPPE (France) - Man of the Match - MATCH 50
Find out where to watch live: fifa.tv/watch2018 More match highlights: https://www.youtube.com/playlist?list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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LINEUPS – URUGUAY V PORTUGAL - MATCH 49 @ 2018 FIFA World Cup™
The lineups are in for Uruguay v Portugal. How do you think this one will go? Who are the players to watch? Tell us in the comments below. Find out where to watch live: fifa.tv/watch2018 More match highlights: https://www.youtube.com/playlist?list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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by Sadanand Dhume If India’s 2014 general election was a vote for hope, then 2019 appears to be more about fear. So far, neither Prime Minister Narendra Modi’s Bharatiya Janata Party nor Rahul Gandhi’s Congress Party has come up with a compelling reason for people to support them. But both the ruling party and the opposition can paint a vivid picture of why the prospect of their opponent winning should be viewed as a nightmare.Let’s take the case against BJP first. In this nightmare scenario, five more years for Modi would reward a government that’s both malignant and mediocre. As the argument goes, this could end up fatally undermining India’s still immature democratic norms and institutions.At the heart of the malignancy lies an inability, or unwillingness, to distinguish between a minority of Islamist extremists and the majority of peaceful Muslims. The unleashing of cow vigilantes on ordinary Muslims, thinly veiled hostility toward the meat and leather industries in several BJP-ruled states, and the appointment of the Muslim-baiting Yogi Adityanath to lead Uttar Pradesh all spring from this impulse.At the same time, public discourse has plummeted to a new low. In which other democracy would well-meaning movie stars face threats of a boycott merely for standing up for a brutally murdered child? The heartless response of some BJP supporters to the Kathua tragedy suggests not just political partisanship run amok, but a society in moral freefall. At least part of the blame lies with Modi’s failure to set a tone at the top that befits his high office.On the economic front, it once looked like Modi would use his finely honed communication skills to sell politically painful but necessary policies. Instead, he has used his megaphone to talk up relatively modest achievements, or to package harebrained ideas like demonetisation as bold reform. The recent botched move to sell Air India symbolises a deeper problem. In the end, for all its bluster, this government would rather sidestep tough decisions than take them.The “tax terrorism” that BJP once denounced has only increased after the government armed officials with draconian new powers last year. According to Morgan Stanley, a staggering 23,000 dollar millionaires have left India since 2014. These are precisely the kind of people needed to jumpstart the economy and create jobs for the 12 million Indians who enter the labour force each year. Dubai, Singapore and London, among others, benefit from India’s self-goal.Though most economists view the goods and services tax introduced last year positively, its numerous exemptions, fiendishly complicated structure and absurdly high rates make it the opposite of the “good and simple tax” that was advertised. Arguably fixing it will be much harder than getting it right, or at least closer to right to begin with, would have been.The Modi government has trouble retaining top flight economic talent. A drumbeat of insults and innuendo accompanied Raghuram Rajan’s ousting from the Reserve Bank of India. Former NITI Aayog vice chairman Arvind Panagariya has returned to Columbia University. Chief economic adviser Arvind Subramanian will soon be back in the US too. Investors have reason to worry that key economic positions will be filled by people whose chief qualifications are political loyalty and being deemed “mentally fully Indian” by nativists.Meanwhile, as the nightmare goes, foreign policy has been reduced to a series of gimmicky acronyms even as China muscles in on India’s neighbourhood. The government has stonewalled the appointment of judges it finds unsuitable. Ruling party leaders publicly warn that pesky journalists will meet the fate of the murdered editor Shujaat Bukhari. Fake news factories churn out pro-government propaganda. An army of vicious trolls polices Twitter. Even external affairs minister Sushma Swaraj is not spared their wrath.Luckily for BJP, it too has a nightmare to sell. For many voters, memories of Manmohan Singh’s disastrous second term remain fresh. How many people really want to go back to a pay-for-play model of governance where everything from coal to telecom spectrum to flats for war widows carried the taint of corruption?Nor does Congress appear to have grappled seriously with the reasons for its fall from favour. For a large chunk of educated Indians, Rahul Gandhi remains the foremost symbol of everything that’s wrong with dynastic politics. It seems plain as day that several other Congress leaders have more political talent in one finger than Gandhi has managed to muster in more than a decade in public life. Yet they must remain resigned to playing permanent second fiddle to the Nehru-Gandhi scion.Even if Congress recovers dramatically from its 2014 low of 44 seats it will require coalition partners to stitch together a government. For some people the prospect of a coalition united by greed, and driven by the narrow considerations imposed by caste or religious vote banks, would be worse than the current dispensation.Which nightmare is scarier? Obviously, this depends on who you ask. But suffice to say that if Modi had played his cards better – by ramming through economic reforms early in his term and keeping Hindutva hotheads on a tight leash – he could have run confidently on his own record. As things stand, the 2019 election may well end up hinging on who does a better job of scaring voters.DISCLAIMER : Views expressed above are the author's own.

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France v Argentina - 2018 FIFA World Cup Russia™ - Match 50
France and Argentina played out a World Cup Classic in the first of the Round of 16 matches at Russia 2018. Find out where to watch live: fifa.tv/watch2018 More match highlights: https://www.youtube.com/playlist?list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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By Keith BradsherChina has spent nearly five years steering an ever-growing stream of hundreds of billions of dollars to a bold plan to gain greater global influence by funding big projects across Asia, Eastern Europe and Africa.Now, Beijing is starting to tap the brakes.The value of the deals that Chinese companies are striking under the country’s big global plan — called the Belt and Road Initiative — is smaller than a year ago, according to new data. Chinese officials themselves are sounding a cautious note, voicing worries that Chinese institutions need to be careful how much they lend under the program — and make sure their international borrowers can pay it back.“Current international conditions are very uncertain, with lots of economic risks and large fluctuations for interest rates in newly emerged markets,” said Hu Xiaolian, the chairwoman of the Export-Import Bank of China, a state-controlled lender that plays a big role in financing the projects, at a forum this month in Shanghai. “Our enterprises and Belt and Road Initiative countries will face financing difficulties.”China has begun a broad, interagency review of how many deals have already been done, on what financial terms and with which countries, say people close to Chinese economic policymaking, who asked to speak on the condition of anonymity because the effort has not been made public.American and European officials have long worried that Belt and Road represents a diplomatic and economic power grab by Beijing, fueled by its vast government wealth and helped by the Communist Party’s laserlike focus on achieving long-term goals.Under the initiative, Chinese government-controlled lenders offer big chunks of money — usually through loans or financial guarantees — to other countries to build big infrastructure projects like highways, rail lines and power plants. That money often comes with the requirement that Chinese companies be heavily involved in the planning and construction, throwing them a lot of business.But even with its financial firepower, China has its limits. Its economy is showing signs of slowing, and it is in the middle of a trade war with the United States. Beijing is struggling to tame domestic debt problems — problems an international lending spree certainly hasn’t helped.Too much overseas activity risks creating wasteful white elephants that can drag down Chinese companies and local partners alike. All types of deals are now angling to be associated with the Belt and Road Initiative like a theme park in Indonesia and brewery in the Czech Republic.Further, profligate lending can worsen relations with other countries rather than help them. New governments in places like Malaysia and Sri Lanka have questioned why their predecessors borrowed so much from Beijing.This year, some Chinese officials have expressed some concerns about lending under the program.“Ensuring debt sustainability — that is very important,” Yi Gang, the new governor of China’s central bank, said at a conference in Beijing in late April.While Belt and Road activity remains huge, it has certainly become more restrained, according to official data. In the first five months of 2018, Chinese companies signed contracts worth $36.2 billion in business, down nearly 6 percent from the same period a year ago.Deal signings were down at this time last year from 2016, too, though by a lesser magnitude. Much of that downturn stemmed from big companies and governments’ saving their powder for a major Belt and Road forum held in May 2017 in Beijing that was attended by Xi Jinping, China’s top leader, President Vladimir Putin of Russia and other major political figures. After the forum, activity surged.“I sensed that the level of enthusiasm about BRI had certainly shifted down a few notches relative to last year,” said Eswar Prasad, a Cornell economist and former head of the International Monetary Fund’s China division who recently visited Beijing and had extensive conversations with Chinese financial policymakers.Project activity could pick up later this year, of course. But an uncertain global economic outlook has given Beijing even more reasons to be cautious.A protracted trade war between the United States and other countries, particularly China, could shake confidence and stunt growth. The United States has pushed up short-term interest rates, making it more costly to borrow money. In the past, interest rate increases in the United States have sometimes caused financial turbulence elsewhere, especially in emerging markets.Belt and Road lending seemed a sure thing when the effort began under Xi in 2013. Loans would be long-term, giving borrowers time to pay them back. China also tends to extend loans mainly to countries with significant natural resources. If a resource-rich developing country had trouble repaying its loans, it could offer goods like oil, iron ore or even food instead.But part of the problem now is that no one — not even the Chinese government — has a comprehensive picture of the lending so far. The Finance Ministry and the state-controlled banking system have poured money into projects from the Czech Republic to Laos, and from South Africa to Kazakhstan. The China Banking and Insurance Regulatory Commission estimated this spring that Chinese banks had lent $200 billion for 2,600 projects.Various government agencies have also issued extensive export guarantees, loan guarantees and other financial arrangements as part of the initiative, although some of these overlap with the bank loans.A Belt and Road slowdown may also be natural. Official data show Chinese companies are completing projects at nearly the same pace as they are signing deals for new ones, suggesting the initiative may simply be settling into a sustainable rhythm.“They are still very actively promoting Belt and Road,” said Andrew Mackenzie, the chief executive of BHP Billiton, an Australian mining giant that is among the biggest exporters of iron ore to Chinese steel mills, which are among the intended beneficiaries of Belt and Road.Still, some Chinese officials are looking more closely at where the money is ending up.For example, they have been reassessing the country’s financial exposure in Africa, a continent with immense natural resources that has lured a wide range of Chinese energy and construction companies, people close to Chinese policymaking said.Belt and Road has been viewed with increasing skepticism by multilateral institutions as well. They have warned that developing countries should not incur excessive debts.“The first priority,” Christine Lagarde, the managing director of the International Monetary Fund, said at the Beijing conference in April, “is that Belt and Road only travels to where it is really needed.”

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B Sriram today assumed charge as Managing Director and CEO of IDBI Bank. Sriram was appointed MD and CEO in place of Mahesh Kumar Jain who recently took charge as deputy governor of the Reserve Bank of India (RBI). "The Government of India on June 29, 2018 appointed him as Managing Director & Chief Executive Officer of IDBI Bank Ltd. for period of three months with effect from the date of assumption of office, or up to September,2018 , or until further orders, whichever is earlier," IDBI bank said in a statement. Sriram has been working as the MD (Corporate and Global Banking) in SBI since July 2014. Born on September 20, 1958, Sriram had joined State Bank of India as a Probationary Officer in 1981. He is a Post Graduate in Physics from St. Stephen's College, New Delhi and has a Diploma in Management from AIMA. The board of Insurance Regulatory and Development Authority of India (Irdai) yesterday permitted Life Insurance Corporation (LIC) to increase the current stake from 10.82 per cent to 51 per cent in IDBI Bank.

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Subsidised cooking gas price was hiked by Rs 2.71 per cylinder today as a result of tax impact of base price rising due to spurt in international rates and fall in rupee. Subsidised LPG with effect from midnight tonight will cost Rs 493.55 in Delhi, a statement issued by Indian Oil Corp (IOC) said. Oil firms revise LPG price on 1st of every month based on average benchmark rate and foreign exchange rate in the previous month. "The increase is mainly on account of GST on revised price of Domestic Non-Subsidised LPG," the statement said. As a result of higher global rates, the price of Non-Subsidized LPG at Delhi will increase by Rs 55.50 per cylinder. "The balance Rs.52.79 (Rs.55.50 minus Rs.2.71) is being compensated to the customer by increase in subsidy transfer to their bank account. Accordingly, the subsidy transfer in customer's bank account has been increased to Rs 257.74 per cylinder in July 2018 as against Rs 204.95 per cylinder in June 2018. Thus the domestic LPG customer is protected against the increase in international prices of LPG," the statement said. Consumers buy non-subsidised or market price LPG after exhausting their quota of 12 subsidised cylinders of 14.2-kg each.

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The Group Stage at the FIFA Fan Fest!
There were great scenes across Russia at the FIFA Fan Fests. Enjoy our wrap up clip! Find out where to watch live: fifa.tv/watch2018 More match highlights: https://www.youtube.com/playlist?list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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Why does conglomerate ITC Ltd wants to extend tenure of non-executive chairman YC Deveshwar by another two years from 2020 to 2022? ITC has sent a notice to shareholders for the 107th annual general meeting to be held here next month which says Deveshwar would continue to mentor the senior management “given the increasing size and complexity of the organisation". ITC is trying to emerge as a modern diversified fast-moving consumer goods (FMCG) player while trying to shed its cigarette and tobacco legacy. In 2016-17, cigarettes had accounted for 58 per cent of its revenue, and 85 per cent of its net profit. The stock tanks on the bourses if taxes on cigarettes go up. It has remained subdued for almost a year because of fear of impact due to the goods and services tax (GST).Over the past two decades, ITC has tried hard to shed its cigarette-maker tag. The question is, has ITC done enough to set itself on course to emerge as a company that does not depend on cigarettes, and will it complete the journey anytime soon? ITC already has 25 “mother brands” (Sunfeast, Ashirvaad, etc) in its FMCG portfolio targeted at market segments, and expansion plans will involve filling in the sub-segments covered by these brands with sub-brands and product variations. For example, ITC was the number two player in shower gel but was not present in body wash, something it is entering now. The Ashirvaad brand, for instance, has now been extended to spices. It is a Rs 4,200 crore brand and is expected to grow fast with other products, apart from atta, under its banner. At the same time, ITC continues to launch new brands. Dermafique, for example, is its first premium skin care offering, being launched in April ITC has also been growing the FMCG portfolio through acquisitions. In 2014, it acquired B Natural from south Indian juicemaker Balan Natural. In 2015, it acquired Shower to Shower and Savlon brands from Johnson & Johnson and in 2017, Charmis from Colgate-Palmolive. Nascent segments where ITC is likely to scale up fast are juices, dairy, spices and salt. Then there are the premium offerings. ITC has also entered the coffee and chocolates markets at the top-end luxury segments — via boutiques at ITC’s hotels and a few select malls. The company wants to achieve FMCG turnover of Rs 1 lakh crore by 2030. In 2016-17, ITC’s FMCG arm had clocked a turnover of Rs 10,000 crore, and in the nine months ended December 31, 2017, it crossed Rs 8,000 crore. To compare, FMCG major Hindustan Unilever reported a revenue of Rs 34,487 crore in 2016-17.Deveshwar was instrumental in transforming the Kolkata-based company from being mostly a cigarette maker to a conglomerate with interests in sectors such as fast-moving consumer goods, hotels, paper and packaging, and agri-business. He was among the first CEOs to tap India’s vast countryside, by way of his unique e-Choupal concept — linking directly with farmers via the Internet for procurement of products — and by entering the FMCG space in rural areas. Since the company had started to diversify and expand under Deveshwar's, it might find his presence helpful at this crucial transition. However, many think Deveshwar's continued presence will cast a long shadow on the executive leadership.

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LINEUPS – FRANCE v ARGENTINA - MATCH 50 @ 2018 FIFA World Cup™
The lineups are in for France v Argentina. How do you think this one will go? Who are the players to watch? Tell us in the comments below. Find out where to watch live: fifa.tv/watch2018 More match highlights: https://www.youtube.com/playlist?list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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By Swansy Afonso and Bhuma ShrivastavaIndian companies are bracing for a possible flood of steel imports should the U.S. and China follow through on their threats about a trade war.Duties imposed by the U.S. would trigger “trade diversion” from other steel makers, who would then dump their products in India, said Bhaskar Chatterjee, secretary general at Indian Steel Association, in an email. As much as 80 million tons of steel -- or 17 percent of global exports, based on World Steel Association data -- could be diverted to markets such as India, according to Seshagiri Rao, joint managing director of the country’s top mill, JSW Steel Ltd.The comments highlight the uncertainties surrounding global trade ahead of July 6, when President Donald Trump’s tariffs on $34 billion of Chinese goods are scheduled to kick in, a move that China has vowed to retaliate against. India stands out as an attractive destination because it’s the world’s fastest-growing major economy. The country has also much riding on the health of its steel industry because it’s expected to overtake Japan as the world’s second-largest steel-producing nation as soon as this year.64807424 Other steelmakers have voiced concerns about a looming trade war.Thyssenkrupp AG’s Italian unit said it will take a $220 million sales hit if the European Union doesn’t take measures. The Canadian government is preparing countermeasures to prevent a flood of steel imports through a combination of quotas and tariffs. Similar steps are being considered by the European Union too.

from The Economic Times https://ift.tt/2tS1IIV

By Swansy Afonso and Bhuma ShrivastavaIndian companies are bracing for a possible flood of steel imports should the U.S. and China follow through on their threats about a trade war.Duties imposed by the U.S. would trigger “trade diversion” from other steel makers, who would then dump their products in India, said Bhaskar Chatterjee, secretary general at Indian Steel Association, in an email. As much as 80 million tons of steel -- or 17 percent of global exports, based on World Steel Association data -- could be diverted to markets such as India, according to Seshagiri Rao, joint managing director of the country’s top mill, JSW Steel Ltd.The comments highlight the uncertainties surrounding global trade ahead of July 6, when President Donald Trump’s tariffs on $34 billion of Chinese goods are scheduled to kick in, a move that China has vowed to retaliate against. India stands out as an attractive destination because it’s the world’s fastest-growing major economy. The country has also much riding on the health of its steel industry because it’s expected to overtake Japan as the world’s second-largest steel-producing nation as soon as this year.64807424 Other steelmakers have voiced concerns about a looming trade war.Thyssenkrupp AG’s Italian unit said it will take a $220 million sales hit if the European Union doesn’t take measures. The Canadian government is preparing countermeasures to prevent a flood of steel imports through a combination of quotas and tariffs. Similar steps are being considered by the European Union too.

from The Economic Times https://ift.tt/2tS1IIV

The new feature was spotted in Instagram's Android app code and is reportedly under development.

from Latest News Tech on Firstpost https://ift.tt/2KwCnhU
By Harshal Dewangan

Mi A1 users have reported a bug in the update that wipes away their entire SMS history.

from Latest News Tech on Firstpost https://ift.tt/2MA86fu
By Harshal Dewangan

OnePlus mentions C61422 in the caption for the Tweet which is the hex colour code for red.

from Latest News Tech on Firstpost https://ift.tt/2tIJDO3
By Harshal Dewangan

Buttons stick? Joysticks jam? A few simple instructions can get them moving again.

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A Unique View of the FIFA World Cup!
Our 360 degree cameras captured some interesting perspectives during the Group Stage of the 2018 FIFA World Cup. Enjoy! Find out where to watch live: fifa.tv/watch2018 More match highlights: https://www.youtube.com/playlist?list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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World Cup Driver - SENEGAL!
Some fans from Senegal shared their love for their team with our World Cup Driver. Hear their favorite chants and how much they are enjoying the experience of being in Russia for the 2018 FIFA World Cup! Find out where to watch live: fifa.tv/watch2018 More match highlights: https://www.youtube.com/playlist?list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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NEW DELHI: Unique Identification Authority of India (UIDAI) has issued a notification directing local Authentication User Agencies (AUAs) to accept Aadhaar virtual ID and UID token in lieu of Aadhaar when so mandated. Paving the way for this, the UIDAI has also asked the AUAs to make necessary changes in their authentication systems to accept virtual ID, UID Token in lieu of Aadhaar number and limited e-KYC to comply with requirements of their respective Regulators. The notification is dated June 28, 2018.Local AUAs include Telecom Service Providers, National Housing Bank regulated Finance Companies, Nonbank PPI Issuers, CCA regulated eSign Providers, non-Life Insurance Companies and NBFCs etc.UIDAI , which had earlier said it will be mandatory for all agencies that undertake authentication to accept Aadhaar virtual identity from their users from June 1, 2018, had given a month's extension to these authentication agencies. The extension was given considering the "difficulty and amount of internal work" involved for these agencies.As of now, July 1 is the deadline for service providers and agencies like banks and telecom companies to fully deploy Virtual ID system and accept these IDs in lieu of Aadhaar number. In January this year, to address privacy concerns, the Unique Identification Authority of India (UIDAI) announced plans to introduce a virtual identity (VID) for Aadhaar which an Aadhaar-card holder could generate from its website and produce for various authentication purposes, instead of sharing the actual 12-digit biometric ID.In April, Aadhaar-issuing body UIDAI followed this up with the launch of beta version of VID feature allowing users to generate VID and use it to update address in Aadhaar online. It had then said that the service providers would soon start accepting VID in place of Aadhaar number.The VID is a temporary, revocable 16-digit random number mapped with the Aadhaar number. As per the UIDAI, the virtual ID can be used for the purpose of authentication in the same way the Aadhaar number is used. Currently, VID can be generated on UIDAI's resident portal. Since this is a digital ID, Aadhaar holders can regenerate it multiple times, which makes it safer than providing your actual Aadhaar number. At present, the VID is valid for a minimum of one day, which means an Aadhaar holder would be able to re-generate a new VID a day after he has generated the first one. Further, there is no expiry period defined yet for the VID and it will be valid till the time a new one is generated by you. This particular facility on the UIDAI website, can only be accessed if you have your mobile number registered in the UIDAI database. This is because all Aadhaar-related online services are one-time password (OTP) enabled and for this, registering your mobile number with UIDAI is a must. 63527063

from The Economic Times https://ift.tt/2Kvkm06

World Cup Daily - Matchday 16!
It's Matchday 15 at the 2018 FIFA World Cup Russia!! Throughout the tournament our World Cup Daily Team will keep you up to date with the events in Russia. We'll hear from the fans and explore the cities! Get in touch and tell us what you'd like to see. Thanks to https://m.youtube.com/user/oSporteTV Find out where to watch live: fifa.tv/watch2018 More match highlights: https://www.youtube.com/playlist?list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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Giovani LO CELSO (Argentina) - Match 50 Preview - 2018 FIFA World Cup™
Find out where to watch live: fifa.tv/watch2018 More match highlights: https://www.youtube.com/playlist?list=PLCGIzmTE4d0hww7NG9ytmooEUZov2k-23 More from Russia 2018: https://www.youtube.com/playlist?list=PLCGIzmTE4d0ia-PWE7WoysqLao-0y7jEz More World Cup stories: https://www.youtube.com/playlist?list=PLCGIzmTE4d0j5nOjvXOP55xyW3aJCyeGo Follow all the action from Russia across the FIFA Platforms: 👉 http://www.youtube.com/fifa 👉 https://ift.tt/1lBiWzz 👉 http://www.twitter.com/fifaworldcup 👉 https://ift.tt/1M0OH0G 👉 http://www.fifa.com


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Winter is coming, but until then, we're left with reports and juicy rumors about the battle for the Iron Throne. Here's how to watch and what to expect.

from CNET How To https://ift.tt/2JYMxo7

Amazon Prime Day deals are coming your way in July and we want to help you find the best deals in what is usually the sales event of the summer.

Thanks to a leak we exclusively uncovered last week, it looks like Amazon Prime Day is probably going to start at midday on July 16th and carry on until midnight the following day on the 17th. That's one hell of a long 'day' Amazon. The date has not been confirmed officially yet but we've got all our money firmly placed on those days.

We love a good deal here at TechRadar and we've been bringing you highlights of the best prices for years now around Prime Day, Black Friday, Cyber Monday, Boxing Day, Memorial Day, bank holiday sales and every day in between too. And yes, we've got you covered for this weekend's 4th of July sales too. So if you want to see the best deals rounded up by seasoned pros instead of seasonal enthusiasts, we'd very much like to see you right here on July 16th.

For now though, take a look at our top tips on how to get the most from the best Amazon Prime Day deals so you can get ready in advance to have a stress free shopping experience on the day. And you don't even have to leave the house. Remember those days, when you had to go out to buy things? What an awful time.

How to get the best Amazon Prime Day deals:

1. Come back to TechRadar.com for the best deals

We'll be pointing you towards the best Amazon Prime Day deals throughout the event here at TechRadar with our dedicated 20-strong team of deal hunters tracking down the best bargains. 

We're looking for deals all year round, not just Prime Day and Black Friday, so we're pretty handy at spotting the genuine bargains over the fake discounts that aren't worth your time. So feel free to bookmark us if you want to stay up to date with the finest deals.

2. Get Amazon Prime membership beforehand

To get the best Prime Day deals from Amazon you'll have to be a member of Amazon Prime. Signing up doesn't take long at all, but considering some of the deals can potentially sell out in minutes, it's a step you really don't want to be doing on the day.

Pro tip? If you've never signed up before, you can actually sign up for a free 30-day trial right now, which will last right through the sale in mid-July. You can enjoy all the membership benefits straight away too like fast delivery and the excellent Prime Video streaming service. We've actually written extensively about the benefits Amazon Prime offers. Here are some links to the free trial in the following countries:  US, UK, Canada, India and Australia.

3. Compare previous prices with CamelCamelCamel

An odd site name for sure, but CamelCamelCamel.com is a fantastic resource for checking just how good a deal is. Simply copy/paste in the Amazon URL on the site of an item you're thinking of buying and you'll see an extensive price history for it on Amazon stretching back over a year. This way you can see if that day's deal is really the best ever price, or how often it gets a similar discount and how likely it is you'll see a similar price in a few months' time.

4. Remember, you don't have to buy it

With so much hype around Prime Day deals it's easy to get swept away by the huge amount of deals and supposed big discounts. So yes, use CamelCamelCamel like we mentioned above, but even if it is the lowest price yet, that doesn't mean it's the right deal for you.

If you've set aside a budget and you know it's important to not overspend, try and stick to your guns. Prime Day is not the final sale of the year, hell it's not even the final sale of the summer, there will be plenty of other fantastic deals and it's our job to find you the best ones all year round in our Deals section. So while that exact TV might not be available at that price again for a while, you can be sure some nigh-on identical ones will be before the kids go back to school.

5. But don't wait too long to buy

The best Lightning Deals on Amazon Prime Day could be gone in matter of minutes, so be sure to check how many have been sold with the information provided on Amazon's site. Deals of the Day will have an expiry date, but some will sell out long before they reach that time. Game consoles and 4K TVs are especially popular on Prime Day, so if you see a price you like on your lunch break, you're risking it being gone by the time you get home from work.

6. Use the desktop version of Amazon if you can

While the Amazon app and mobile sites are pretty reliable most of the time, Prime Day last year saw quite a few buyers struggle to complete purchases with adding items to the basket being as issue.

We're confident Amazon will be better equipped to deal the huge numbers of traffic this year, but all the same, we'd recommend browsing the deals on a laptop or PC if you can as the desktop version of the site might be a bit more stable.

7. Make sure delivery date promises are kept

In the UK many items will be eligible for free next day delivery or two business days in the US and Australia. Now as a Prime member, you're paying for that delivery promise, well unless you're on the free trial, then it's free. 

But if your delivery doesn't turn up on the day it's supposed to, then you need to put in a complaint to Amazon. This has happened to us a small number of times over the years and Amazon is keen to make it right. We've had an extra month added to our Prime membership for free as an apology and even had the whole cost of some cheap items refunded in full without having to return it. Naturally, if you're not home when Amazon try to deliver on the original date that's on you. You'll find a nice orange slip informing you what to do next though.

8. Don't forget about the other retailers

While Amazon will be the main focus of course, last year we saw a wide range of rival retailers cash-in by having a sale of their own too. So it's certainly worth checking to see if they've price-matched Amazon or have maybe gone even lower.

And unlike Amazon Prime Day deals, you won't have to be a 'member' at other stores to get the deals. Or if you have a points-card elsewhere, it might be a good opportunity to bag a decent haul. We'll be keeping an eye on other retailers for you to give you as many options as possible on the day.

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By Harshal Dewangan

MUMBAI/KOLKATA: Beleaguered IDBI Bank getting ₹9,000 crore in equity investment from Life Insurance Corp of India may be a lifeline for the lender, but to regain its past glory it requires a new vision and strategy from B Sriram who has taken over as its new chief executive.For a bank that is stuck with more than a quarter of loans as bad loans and not much of a retail presence, a new strategy on how to ride the digital revolution and changed corporate loans landscape are the much needed solutions.“The speed with which it got done is remarkable,” said Ashvin Parekh an independent industry analyst and a former consultant at EY.“Between policyholders and shareholders of IDBI Bank, nobody should benefit at the cost of the other. There is no proposal as how LIC will bring the bank out of the rut. There will be constraints. When it will come to technicalities related to banking, we have to see whether they have the bandwidth.”Capital alone is not enough for IDBI Bank. In the past decade, IDBI Bank has received capital from the government to the tune of ₹22,884 crore, data from ICRA shows. Even last fiscal it received ₹12,471 crore in capital IDBI Bank transformed into a universal lender from having been a term lending institution specialising in project funding in the pre-liberalisation era when the country faced enormous capital deficiency. Even as it changed its stripes, it was unable to cope with the challenges and competition.IDBI Bank’s stressed assets from the state, far higher than any other bank. If the past capital investments did not help it much, it is doubtful whether LIC’s investment alone can bring the bank out of the slump.“If the bank recovery happens in the next 4-6 quarters, then policyholders will benefit, else the money is going down the drain. LIC will have to provide more capital in the next few quarters,” said Parekh.IDBI's stressed assets are at 27.95% of total, the highest among all banks. Its capital adequacy is at 10.70%. It hasn’t made a profit in the past three fiscal years.“LIC will now have higher representation in IDBI board. So, there will be fresh thinking which should help IDBI in the long run. This is the first step by the government in reviving state-owned banks,” said Sanjeev Jain, an analyst with Ashika Stock Broking. “Shareholders should see IDBI Bank as a longterm bet.”While its immediate rival ICICI managed to become a fullfledged retail bank under the stewardship of KV Kamath, the continued government ownership and diktat from New Delhi restricted the activities of IDBI Bank.But given its precarious financial position, it would be a tall order for it to cut cheques for thousands of crores for single project and sit pretty. With most banks switching out of project lending, the glory days of IDBI Bank may be behind.Also, big companies such as Reliance Industries and Hindalco Industries are shifting their funding profile with them accessing the bond markets more often which give them better pricing than a bank loan.So, IDBI Bank faces challenge in its traditional stronghold as well.

from The Economic Times https://ift.tt/2tSfStt

India will auction 40 GW of renewable energy projects comprising 30 GW solar and 10 GW wind every year for the next 10 years till 2028, indicating huge potential for domestic manufacturers and developers, a senior official said today."We have 30 GW solar energy bidding plan for 2018-19 and 2019-20. This 30 GW auction per annum would continue till 2028. Similarly, we have to auction 10 GW of wind energy for next 10 years till 2028 to meet the power demand of 862 GW by 2030," New and Renewable Energy Secretary Anand Kumar told reporters at the Global Wind Day celebration by the Indian Wind Turbine Manufacturers Association (IWTMA).Elaborating further, he said, "We have to do 350 GW in solar (to meet demand by 2030), of which 100 GW is planned till 2022. So we have to bid out at least 30 GW each year from 2020 onwards to achieve additional 250 GW."The government's power projection indicates that India will have to bid out 140 GW of wind energy to meet demand by 2030, he said, adding the country would complete bidding of 60 GW of wind energy by 2o2o.Kumar further said, "Therefore, we have to do 10 GW every year till 2028 to meet the overall power demand of 862 GW by 2030. India has already achieved 70 GW of renewable energy capacity including 22 GW of solar and 34 GW of wind."India would ultimately have around 500 GW of renewable energy capacity by 2030, including 350 GW of solar and 140 GW of wind energy.The secretary was of the view this capacity addition would give enough opportunity to domestic renewable energy equipment manufacturers and project developers.The Central Electricity Authority and other government agencies have worked out a demand projection of 862 GW by 2030 factoring in 6 per cent growth in electricity demand per annum.About the best bidding mechanism, he said, "We have engaged IIM Lucknow for preparing a detailed report on merits of close envelop auction and reverse bidding method. They are expected to give their report in July. The government will take call only after that."Kumar explained that some players had expressed concerns that the bidders with deep pockets can hurt small developers by outbidding them in auctions for renewable projects.However, he also admitted that tariff-based reverse auction helps in achieving the best pricing.Under the close envelop auctions, the bid price cannot be changed whereas in reverse auction, the bid price is known and bidders can outbid each others.The secretary also said the ministry would call a meeting of bankers and financial institutions in July to allay fears related to projects turning into NPAs or bad loans as there is no such case at present.He said the 500 MW capacity in Bhadla Phase-III Solar Park, Rajasthan -- which witnessed lowest solar tariff of Rs 2.44 per unit last year in May -- would be commissioned in August this year.Suzlon Group Chairman Tulsi Tanti and President IWTMA said India would double its wind energy manufacturing capacity to 25 GW per annum by 2020.He exuded confidence that India would overachieve wind energy capacity target of 60 GW by 2022 and would rather have 80 GW by that time.He said that keeping in view scenario beyond 2030, offshore wind and solar-wind offshore would be the future in respect of issues and cost related to land acquisition.

from The Economic Times https://ift.tt/2KAex4P