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Business Economy

FRAI Telangana appeals to PM to order recall of proposed amendments in COTPA law

Hyderabad, Jan 23 (UNI) Federation of Retailer Association of India (FRAI), a representative body of about 4 crore micro, small and medium retailers from across the country on Saturday appealed to the Prime Minister Narendra Modi , to intervene and order a recall of the proposed 2020 amendments in the COTPA law which threaten to further attack the livelihoods of petty retailers selling tobacco and related products across India.

FRAI Telangana Chapter today staged a protest and has also appealed to Chief Minister K Chandrashekar Rao, to save the interests and livelihoods of around 6.5 lakh micro retailers and their 30 lakh dependants in the state who sell multiple products to earn a meagre sum to look after their families and save them from the potential harassment.

FRAI represents the interests of the poorest of the poor in the country and raise issues which impact their employment opportunities and also render help to such people who are unable to express their views.

FRAI members sustain their livelihood by selling goods of daily needs which are demanded by the general public like biscuits, soft drinks, mineral water, cigarettes, bidi, pan etc. in the neighbourhood. The profit of these micro retailers in selling these essential products works out to about Rs 15,000 per month which is barely adequate to feed two square meals a day to their family members.

The Coronavirus triggered lockdowns and economic destruction has further damaged the economic condition of small retailers and any further adverse policy which destabilizes their business activity will be devastating.

FRAI and its member organizations from all over the country are disturbed by the undemocratic amendment of CoTPA bill 2020 proposed by the Ministry of Health, which disallows retail sale of loose sticks of cigarettes, prohibits sale of tobacco products persons below 21 years, put controls on in-shop advertising and promotion amongst others, as they seemed to be aimed at destroying the business for the smaller retailers without impacting large retailers, a release here said.
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Embargo lifted on private banks to conduct govt business

24 Feb 2021 | 9:25 PM

New Delhi, Feb 24 (UNI) Private banks can now carry out government-related banking transactions such as taxes and other revenue payment facilities, pension payments, small savings schemes.

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Centre's decision to lift embargo on pvt sector banks to have access to Govt's business is unfair : AIBEA

24 Feb 2021 | 9:21 PM

Hyderabad, Feb 24 (UNI) The Union Government's decision on Wednesday to lift embargo on private sector banks for the conduct of government related banking transactions was 'unfair', All India Bank Employees' Association (AIBEA) said tonight.

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Habanero Foods expands in AP, Telangana markets

24 Feb 2021 | 7:27 PM

Hyderabad, Feb 24 (UNI) Habanero Foods, a leading Indian manufacturer of packaged food products, on Wednesday announced that it is expanding its presence in the Andhra Pradesh and Telangana region.

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MRPL bags first place among Indian Refineries

24 Feb 2021 | 6:08 PM

Mangaluru, Feb 24 (UNI) Coastal Karnataka based Mangalore Refinery and Petrochemicals Ltd (MRPL) has bagged first place for “Furnace Efficiency” among all the Hydrocarbon Refineries in nation.

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Sensex soars 1030 pts

Sensex soars 1030 pts

24 Feb 2021 | 6:01 PM

Mumbai, Feb 24 (UNI) The BSE Sensex on Wednesday spurted 1030.28 pts to 50,781.69 on the strength of Bankex, Finance, Telecom and Capital Goods stocks.

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