News Analysis India

Tag: retail

  • Committed to empowering our traders: PM Modi on decision to include retail, wholesale trade as MSMEs

    By PTI
    NEW DELHI: Prime Minister Narendra Modi on Saturday described as “landmark” the decision to include retail and wholesale trade as MSMEs, which will allow traders the benefits of priority sector lending, and said his government is committed to empowering the community.

    Union Minister Nitin Gadkari had on Friday announced the inclusion of retail and wholesale trade under MSMEs (micro, small and medium enterprises) as per which the traders will now get the benefit of priority sector lending under RBI guidelines.

    In a tweet, the prime minister said, “Our government has taken a landmark step of including retail and wholesale trade as MSME. This will help crores of our traders get easier finance, various other benefits and also help boost their business. We are committed to empowering our traders.”

    Our government has taken a landmark step of including retail and wholesale trade as MSME. This will help crores of our traders get easier finance, various other benefits and also help boost their business.We are committed to empowering our traders. https://t.co/FTdmFpaOaU
    — Narendra Modi (@narendramodi) July 3, 2021

    Official sources said the move will have an immediate impact on smaller retailers and wholesalers with businesses up to Rs 250 crore of turnover in availing immediate-term finance as part of various schemes announced under “Atmanirbhar Bharat” programme.

    This landmark decision will have a structural impact for the sector, helping it get formalised by giving better finance options for businesses that want to get structured, they said, adding it will give retail MSMEs the support they need to “survive, revive and thrive”.

    Retail and trade associations have welcomed the move, saying it will enable traders to get access to much-needed capital having been impacted greatly due to the COVID-19 pandemic.

  • After Mocking Apple, Xiaomi Confirms That Mi 11’s Retail Box Won’t Include USB Charger

    Months after mocking Apple for removing charger from the iPhone 12 retail box, Xiaomi has announced that it would too ship the upcoming Mi 11 without a power adapter. The Mi 11 series that is expected to pack the vanilla Mi 11 and Mi 11 Pro will launch on December 28 in China. The latest development was shared by Xiaomi CEO Lei Jun via a post on Weibo. Xiaomi echoes Apple’s reasoning related to environmental protection for the removal of the charger from Mi 11’s box. Moreover, Samsung that too mocked Apple for its decision in October is rumoured to ship the next Galaxy S21 smartphones without a charger.

    The Xiaomi executive further revealed the design of the Mi 11’s retail box which is not only thinner compared to other phones’ boxes that come with a charger, but it also lists some of the Mi 11’s features. For instance, the retail box highlights 108-megapixel camera, Super AMOLED screen, HDR10+ certification, and audio tuning by Harman Kardon. Earlier this week, the Chinese tech company announced that the smartphone(s) would feature a new display tech with Corning Gorilla Glass Victus protection. Xiaomi has also showcased the vanilla Mi 11’s Geekbench scores that are significantly higher than the scores attained by Mi 10. The new series will pack the flagship Qualcomm Snapdragon 888 SoC.

  • APPLE AIRPODS PRO HUGE SALE: LOWEST PRICE YET BEFORE BLACK FRIDAY

    There are attractive sales for AirPods Pro at the moment that may actually beat the price you see when the Black Friday deals are officially launched later this month.

    its just $ 194 for AirPods Pro at Amazon, Downsizing the old $ 249 MSRP by $ 55. This is a big discount for the best Apple. Now, we saw a different drop in the price of the AirPods Pro over the weekend, but it wasn’t that low.

    Last time we checked, they were on sale for $ 219 24 hours ago, and $ 199 roughly 48 hours ago, along with the second generation AirPods, which are still retailing for $ 99 today.