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KVIC gets Flipkart, Amazon, Snapdeal to remove 160 fake Khadi products online

wayne 2 days ago


The Khadi and Village Industries Commission (KVIC) on Saturday said that it has forced e-commerce portals Amazon, Flipkart, Snapdeal and others to remove over 160 web links selling products under the brand name of ‘Khadi’.


KVIC is a statutory corporation under the Ministry of Micro, Small and Medium Enterprises and is the original owner of the ‘Khadi India’ brand.



The popularity of Khadi products has resulted in mushrooming of several entities selling products under the Khadi India brand.


KVIC had served legal notices to over 1,000 firms using the brand name Khadi India to sell their products and thus causing damage to its reputation and loss of work to Khadi artisans.


After KVIC served legal notice, Khadi Global has also discontinued using its website www.khadiglobalstore.com and also removed its social media pages on Twitter, Facebook and Instagram and have sought 10-day time to remove all such contents and products using the brand name Khadi.


The KVIC action has also resulted in shutting down a number of stores across the country that were selling fake Khadi products.


“These e-commerce portals were selling products like

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Tens Of Thousands Of Protesters Join Thailand Pro-democracy Rally

wayne 2 days ago

Tens of thousands of pro-democracy protesters massed close to Thailand’s Grand Palace on Saturday, in a huge rally calling for PM Prayut Chan-O-Cha to step down and demanding reforms to the monarchy.

The kingdom has seen near-daily gatherings of youth-led groups since mid-July calling for the resignation of Prayut, the former army chief behind the 2014 coup, and a complete overhaul of his administration.

Some are also demanding reforms to Thailand’s ultra-wealthy and powerful monarchy — a once-taboo topic in the country due to its tough royal defamation laws.

The burgeoning movement, partly inspired by Hong Kong’s pro-democracy protests, remains largely leaderless.

But this weekend’s demonstration was organised by students of Bangkok’s Thammasat University — a group that has been among the most vocal about the royal family’s role in Thailand.

Human rights lawyer Anon Numpa, who has emerged as one of the key figures in the movement, took a stronger line on monarchical reform in a fiery speech late Saturday night.





The kingdom has seen near-daily gatherings of youth-led groups since mid-July calling for the resignation of Prayut, the former army chief behind the 2014 coup
 AFP / Lillian SUWANRUMPHA

“My knee will never kneel for dictatorship,” he shouted,

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Trai issues fresh tariff disclosure norms to bring in transparency

wayne 3 days ago


The Telecom Regulatory Authority of India (Trai) on Friday issued fresh norms for advertisement of tariff plans by mobile operators in order to bring in more transparency for users.


“It has been observed that measures adopted by telecom service providers are not transparent as they should be and some providers are not prominently highlighting additional terms and conditions. They are also collating the terms and conditions applicable to various tariffs on a single webpage and the relevant information either gets lost in the maze of detail or becomes ambiguous and incomprehensible to consumers,” the Trai directive said.



Trai has now directed telcos to publish, within 15 days, each tariff plan for postpaid and prepaid subscribers, service area wise. They must offer full information to subscribers at customer care centres, points of sales, retail outlets, websites, and apps with requisite disclosures. The operators have been asked to submit to Trai a compliance report within 15 days. They will also have to ensure continued compliance by way of self-certificate by the seventh of the month after each quarter ends.


On tariff advertisements, Trai has directed firms to prominently highlight additional terms and conditions.

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MRPL shareholders approve fund raising of up to Rs 5,000 cr via debentures

wayne 3 days ago


Mangalore Refinery and Petrochemicals Limited (MRPL) on Friday said it has received shareholders’ nod to raise up to Rs 5,000 crore through debentures.


“…we inform that the shareholders in the 324 Annual General Meeting held on September 18, 2020 approved to raise funds upto Rs 5,000 crore through issue of unsecured non-convertible debentures (NCDs)/ Bonds, through a special resolution,” MRPL said in a regulatory filing.



Shares of the company closed at Rs 28.85 a unit on BSE, down by 0.86 per cent.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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US Fed Official Warns Against Inflation ‘Ghost Stories’

wayne 3 days ago

The Federal Reserve has been too cautious in its recent policy shift allowing higher prices to boost employment, one US central banker said Friday, warning against heeding “ghost stories” about inflation.

As the United States faces the world’s worst Covid-19 outbreak and is approaching 200,000 deaths, tens of millions of workers still have not returned to their jobs and the unemployment rate, though down from its peak, is at 8.4 percent, more than double the pre-pandemic level.

The Fed on Friday released a survey showing only 30 percent of workers who were laid off early in the crisis have returned to work, while 22 percent do not expect to return to their jobs.

Neel Kashkari, president of the Fed’s Minneapolis branch, dissented from the Fed’s decision Wednesday, which pledged to allow inflation to rise above 2 percent “for some time” to achieve the central bank’s goal of maximum employment.

The statement reflects the policy shift first announced by Fed Chair Jerome Powell in August, but Kashkari said the Fed should have made a “stronger commitment to not raising rates until we were certain to have achieved” the full employment objective.

He stressed that economists and central bankers have long been

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