NCERT: No increase in price of books

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The National Council of Educational Research and Training (NCERT) on Tuesday clarifies that it is not planning to increase the price of the books. “Certain speculative reports about price hike of NCERT books are likely to be exploited by some elements for hoarding and profiteering by creating an artificial shortage of books. No such increase an s likely,” NCERT Director Hrushikesh Senapati said in statement.

The statement comes at a time when it was some media reports said that the council is planning to increase price of its books which raised concerns among various quarters. “All NCERT books are available at its portal for downloading free of cost,” he added.

As per the Economic Times, NCERT textbooks price was last revised in 2012 with the cost of some of them going up by up to 50 per cent. The hike was big as NCERT had revised the prices after 13 years and the printing charges had gone up manifold.

Recently, the secretary to the Union School Education and Literacy Ministry Anil Swarup said NCERT books will be made available to students of all public and private schools. However, choice should be available and option should be given to the school students.

He also said that CBSE has 20,000 schools and 13 crore books are consumed (used) by students. But while the maximum price of a NCERT book is Rs 50, that of a non-NCERT book goes upto Rs 300.

Samsung Galaxy On Max to Go on Sale in India Today: Price, Specifications

Samsung Galaxy On Max, the recently launched new camera-centric phablet from the South Korean consumer electronics giant, will go on sale for the first time in India on Monday. The smartphone will go on sale via exclusive retail partner Flipkart from 11:59pm IST.

The Galaxy On Max, which supports Samsung Pay Mini, is almost identical to the recently launched Samsung Galaxy J7 Max, which was made available via offline retail stores and the Samsung India site with a price of Rs. 17,900. The primary difference between the Samsung Galaxy J7 Max and the Samsung Galaxy On Max is in the processor. The former bears a MediaTek Helio P20 SoC, while the latter bears a MediaTek Helio P25 Lite SoC.

Samsung Galaxy On Max price in India

The Samsung Galaxy On Max price in India is Rs. 16,900, while the smartphone will be available in Black and Gold colour variants in the country. Launch offer includes a Rs. 2,000 discount for buyers using Standard Chartered credit and debit cards. At its price, the smartphone compares with the Oppo F3, Moto G5 Plus, Oppo F1s, Honor 8, Honor 8 Lite, and even the Samsung Galaxy J7 Prime.

Samsung Galaxy On Max specifications

The dual-SIM Samsung Galaxy On Max runs Android 7.0 Nougat, and sports a 5.7-inch full-HD (1080×1920 pixels) display. The smartphone is powered by an octa-core MediaTek MTK P25 SoC (with four cores clocked at 2.39GHz and four cores clocked at 1.69GHz) coupled with 4GB of RAM.

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Coming to the cameras on the Samsung Galaxy On – the smartphone bears 13-megapixel sensors and LED flash modules both on the front and back. The front sensor is coupled with a f/1.9 aperture lens, while the rear sensor is coupled with a f/1.7 aperture lens, which the company claims provide great low-light performance.

The smartphone bears 32GB of inbuilt storage that’s expandable via microSD card (up to 256GB). For connectivity options, the smartphone offers 4G VoLTE, alongside Wi-Fi, Bluetooth, a 3.5mm audio jack, and a Micro-USB port. It weighs 178 grams and measures 156.6×78.7×8.1mm. It is powered by a 3300mAh battery.

Samsung Galaxy On Max features

The Samsung Galaxy On Max sports a fingerprint sensor on the home button. It also supports Samsung Pay Mini, which was launched in India last month alongside the Samsung Galaxy J7 Pro and Galaxy J7 Max. It supports UPI-based payments and integrates a mobile wallet, but forgoes the NFC and MST-powered offline tap-to-pay features that essentially replace debit and credit cards.

Samsung is also touting the Social Camera Mode on the Samsung Galaxy On Max – the feature is supposed to provide instant sharing options to users, letting them pin their favourite social media contacts for quick sharing. The company says the Social Camera Mode also lets users utilise live stickers.

GST Effect: Tata Motors Announces Price Reduction For Its Commercial Vehicle Range

Having extended the GST benefits for its passenger vehicle customers, Tata Motors has now announced that it will be extending benefits under the new tax slab towards its commercial vehicle business as well. Following the roll out of GST, the company has decided to pass on the entire benefit to customers on the ex-showroom prices. Tata’s commercial vehicle range for cargo with a price reduction between 0.3 per cent and 4.21 per cent, while commercial vehicles for passenger transportation will see a reduction between 0.6 per cent and 8.2 per cent.

In a statement, Tata Motors – Head of Commercial Vehicle Business Unit, Girish Wagh said, “We wholeheartedly welcome the initiative by the Union Government for introducing GST thereby bringing in one uniform tax across the country. This will bring about significant gains to the country’s economy and advantages for the stakeholders while enhancing the ease of doing business. We are confident that the post-GST price reduction will enable the customers to bring down their cost of operations and in turn, boost demand.”

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The reduction in prices should help Tata Motors’ efforts towards improving commercial vehicle sales. The company recorded positive numbers in June 2017 on a month-on-month basis. While sales were still 2 per cent lower when compared to June 2016, it was a sign of growth for the automaker having seen dwindling numbers back-to-back in the first half of this year. The improved sales were cited due to ramp up in the production of BS-IV vehicles and the overall production increase across different segments.

With respect to passenger vehicle sales, Tata Motors witnessed a drop of 5 per cent in June 2017, after what has been a largely positive year for the carmaker. The company cited uncertainty over the new GST norms as the main reason for its drop in sales. However, with an overall price reduction across its passenger vehicles, expect volumes to pick up once again. The Indian carmaker is also gearing up to introduce its much awaited Nexon subcompact SUV around the festive season.

 

Government Asks Traders To Issue Advertisements About Price Hike Post GST

New Delhi: The government on Friday asked traders and businesses to immediately issue advertisements informing the public about increase in maximum retail price (MRP) on mass consumption products post implementation of GST.

To clear pre-GST stocks, the government had earlier this week allowed use of dual stickers reflecting the new rate along side the old printed price of a product for three months.

Revenue Secretary Hasmukh Adhia said the law provides for indicating the maximum retail price (MRP) of a product clearly on every product.

With rates of some products undergoing change because of alteration in incidence of taxation involving over a dozen central and state levies unifying into the Goods and Services Tax, there is a requirement as per law to indicate the new rate clearly.

Adhia said that to tide over the problem of changing printed MRP on unsold pre-GST stock, the government has allowed pastable stickers with new rates.

“I would appeal to traders that it is not a very difficult job to paste stickers. The sooner they do it, the better it is for them,” he said at the second GST Master Class here.

For items of mass consumption, the revised MRP has to be advertised in two local newspapers.

“Supposing it (the commodity) is an item of mass consumption, then immediately the revised MRP should be advertised in newspapers. Inform the people through advertisements. And sooner they paste the revised MRP on the product (the better it is),” he said.

Government Asks Traders To Issue Advertisements About Price Hike Post GSTHe, however, stopped short of stating the legal provisions that would apply in case of non-compliance.

Besides, to help businesses find the HSN code applicable for various commodities under the GST regime, the CBEC has launched on its website a search option by which they can find out the code by just typing the name of the product.

Harmonized System Nomenclature (HSN) code is used to classify goods for taxation purpose.

Adhia said that there are over 11,000 commodities and all of them have specific HSN codes which may run up to 8 digits in some cases.

“To make it easy for businesses, the CBEC has launched on its website a search option wherein businesses can just type the product they are searching for and get the HSN code,” Adhia said.

Businesses with turnover of up to Rs. 1.5 crore need not quote HSN code in the invoices GST, but those above the limit will have to do so.

Adhia said there is no prescribed format that businesses have to follow while raising an invoice in the GST regime.

However, details like GSTIN of the trader and the amount of the bill would have to be clearly specified.

In a relief to traders, there is no compulsion on issuing a digitised bill, as a manual invoice will also hold good.

Adhia said that issuing an invoice is not necessary if the transaction is below Rs. 200.

However, the trader needs to furnish an invoice in case the consumer insists on it or the transaction is B2B (Business to Business).

Further, if a business does not have GSTIN or provisional id, then it can transact business using the ‘bill of supply’.