MEDIA

WATCH
GROUP 6
Atishaya Malik (04)
Ritupragna Goswami (26)
Shubhi Goel (34)
Vajpeyi Devanshi (44)
FinMin’s Third Press Conference

KEY TAKEAWAYS

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₹50,000 crore scheme to boost exports
 Remission of Duties or
Taxes on Export Product
(RoDTEP)
 Priority sector lending
tag for export credit
 ₹1,700 crore annual dole

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 ₹10,000 crore window to boost
housing
 HFIs to borrow fund
from abroad
 Stressed Asset Fund
 A special window

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 Dubai-like mega shopping festival
 Objective – Boost exports
 Themes of gems and
jewellery, handicraft,
yoga, tourism, textiles
and leather.

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 Inflation under control
 Kept "very much" below
the 4 per cent mark
 “Clear signs" of revival in
the economy
 RBI has cut the
benchmark interest rate

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No prosecution for minor tax offences
 Prosecution will be
launched only in
deserving cases
 Initiated only after an
approval from a
collegium

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PI INDUSTRIES

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 PI Industries to acquire Asia biz of Italian
agro-chemical firm Isagro
 Growing demand from
international
customers
 Strengthen its position
in Indian market
 Deal to be closed by the
end of December

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Valuations at PI Industries defy gravity
as growth bounces back

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CAIT Seeks Ban On Festive Season
Sales
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 “
"By offering deep discounts
ranging from 10% to 80% on
their e-commerce portals,
these companies are clearly
influencing the prices and
create an uneven level
playing field which is in
direct contravention of the
policy,"

- CAIT

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CAIT Asks Government To Ban The Flagship Festive
Season Sales Of Flipkart & Amazon.
• On 13th September 2019
• Grounds: Deep discounts
violate the country's
foreign investment rules
for online retail.
• Blanket Ban

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 FDI Norms For e-commerce
 E-commerce entities providing marketplace will not
directly or indirectly influence the sale price of goods or
services and shall maintain level playing field.

 e-commerce marketplace entity will not mandate any

seller to sell any product exclusively on its platform only.

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 “
“We empower our sellers
with business insights that
allow them to decide the best
value for their own products,
so they can deliver benefits
and savings to consumers
and scale their businesses at
the same time,”

- Rajneesh Kumar, Flipkart

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 “
“Sellers decide the pricing for
their products on our
marketplace. They offer their
choice of selection to their
customers across the country
at prices that they deem fit.”

- Amazon India

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 Future
• Not a new phenomenon. Allegations faced by e-commerce
websites for years.
• Dual Impact: Economic Slowdown & CAIT Allegations.
• Government action unlikely before this year’s sales.
• Discounts a driver of e-commerce, therefore blanket ban
unlikely.
• Possible framing of new policies on deep discounts.
• E-commerce under government strict scanners.

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19
 Mahindra partners with
Salesforce for digital
transformation in customer
experience

12th SEPTEMBER 2019

 Highlights of the partnership
 Tech Mahindra intelligent virtual assist (TIVA)

 Marketing sales cloud

 App Rationalisation

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 Mahindra and customers
 One of the core values- “customer first”
 Fast responses
 Quality service
 Customer target base

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 “
Disruptions necessitate
innovative 360-degree digital
platforms to address the rapidly
evolving needs of our customer at
various touchpoints. Hence, we
partnered with Salesforce to re-
imagine the entire customer
experience.

-Veejay Ram Nakra (Chief of sales and

marketing)

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Thank You