Friday, Apr 26 2024 | Time 04:25 Hrs(IST)
image
Business Economy


Allow simpler playing field, toymakers plead to government

Mumbai, Sept 17 (UNI) Indian toymakers have requested for simpler norms for a mandatory BIS certification for the industry. Even as they received a four-month hiatus for the compulsory certification, they've called the measure a temporary fix and not a long-term solution.
In a bid to bring the Indian toy industry up to safety standards the ministry of commerce and industries had mandated all toymakers to gain a BIS certification for their operations. However, on September 1, when the policy was due to roll out, only two toymakers had received the accreditation, while 81 others were underway. The ministry has deferred the ruling by about four months, giving toymakers time to conform to standards and get the necessary certification.
The All India Toys Federation (AITF), which represents all Indian toy manufacturers, sellers, wholesalers and retailers, has been raising a voice against the Scheme I standards mandated in these norms.
"We request the Commerce and Industries ministries to think beyond merely extending the BIS window. Most of our toy manufacturers are small-scale producers who cannot afford to set up laboratories. We implore them to allow a Scheme II, where we will still adhere to the IS9873 standards but have a more painless process", said Rehan Dhorajiwala, spokesperson for AITF.
UNI JM PS 1607
More News

Arun Alagappan appointed as Executive Chairman of Coromandel International

25 Apr 2024 | 7:41 PM

Hyderabad, April 25 (UNI) Arun Alagappan has been appointed as Executive Chairman of Coromandel International Limited (CIL).

see more..

Tech Mahindra net at Rs 661 crore in Q4; Company gives dividend of Rs 28 per share

25 Apr 2024 | 7:28 PM

New Delhi, April 25 (UNI) Mahindra Group company Tech Mahindra, a technology consulting and digital solutions provider, on Thursday reported about 41 per cent decline in net profit at Rs 661 crore year-on-year basis for the fourth quarter ended March 31, 2024.

see more..

Kottayam-Kochi Rubber Market Rates

25 Apr 2024 | 7:26 PM

Kottayam, April 25 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..
Indusind Bank net up 15 pc in Q4

Indusind Bank net up 15 pc in Q4

25 Apr 2024 | 7:10 PM

New Delhi, April 25 (UNI) Leading private bank Indusind on Thursday reported a 15 percent jump in net profit at Rs 2,349 crore in Q4 of FY 2023–24, compared to Rs 2,043 crore in the same quarter in 2022–23.

see more..

25 Apr 2024 | 6:53 PM

New Delhi, April 25 (UNI) Leading private bank Indusind on Thursday reported 15 percent jump in net profit at Rs 2,349 crore in Q4 of FY 2023-24 compared to Rs 2,043 crore in the same quarter in 2022-23.

see more..
image