Tea Board leans on domestic market as export prospects dim over Coronavirus

wayne


Faced with a potential fall in exports owing to the outbreak, the is stepping up promotional activity to boost consumption within the country.


Industry officials and officials are hopeful that this way, carry-over stocks can be liquidated and domestic consumption can make up for export losses.



“A brand campaign to showcase Assam tea has been rolled out in Odisha and more such campaigns will come up in major tea consuming states as well shortly,” A K Ray, deputy chairman at the told Business Standard.


States which have been shortlisted include Gujarat, Rajasthan, Uttar Pradesh, Bihar, Haryana.


Ray said that the idea is to boost volume sales of superior quality tea which is priced higher.


“We will promote consumption of good quality tea among consumers in these states and are collaborating with industry bodies in this endeavour,” Ray said.


For instance, the Tea Board is collaborating with the Guwahati Tea Auction Committee (GTAC) for the outreach programme in Odisha, Uttar Pradesh and Bihar. Private tea packaging firms are also being roped in for this initiative.

Follow coronavirus prevention rules or face action, DGCA tells airlines

wayne


Directorate General of Civil Aviation has warned foreign airlines of strict action including possible suspension of schedule if they fail to adhere to government regulations on prevention.


Universal screening of all arriving passengers was introduced from last Thursday. Airlines have been asked to distribute self-declaration forms to passengers and make on board announcements in this regard.



“We have found that a couple of international airlines are not adhering to the rules. Failure to adhere to rules shall entail strict action,” said Director General of Civil Aviation Arun Kumar.


He did not disclose name of airlines.


Airports have been tasked to print the forms and provide them in sufficient quantity to the airlines, Kumar added.


“It has come to knowledge that some airlines are not ensuring availability of self-declaration forms leading to long queues at arrival points. This has been viewed very seriously by this office,” deputy director-general Sunil Kumar said in a circular to all airlines.


Earlier, temporarily suspended two Iranian carriers, Iran Air and Mahan Air, from operating to India in view of the outbreak. Around 200 Iranians stranded

Guide to understanding Research & Development Tax Credit for large companies

wayne

The HM Revenue & Customs or HMRC has made it easy for a large company to avail tax relief from their research and development expenditure.

By applying for a tax credit relief, you can improve your business cashflow, reduce your tax rate and lessen your income tax expenses. This might just be the perfect solution for your business.

Things that can help you qualify for an R&D tax relief

Not a lot of business owners know that they can apply for R&D tax relief. Despite the efforts of the UK government to encourage technical innovation in businesses, only 19% percent classify their business as innovation active and file for an R&D tax incentive.

If your business belongs to the technology and science industry, you should try applying for a R&D tax credit privilege. To start, you need to ensure that your business meets the following criteria:

Developing products improved by technology

If you manufacture products and you constantly innovate your production process by conducting research and product testings, you may qualify for an R&D tax relief. It doesn’t matter if you succeed or fail in your product improvement. You can still claim a tax credit by submitting the necessary paperwork.You

Subscribe Now