RAI had submitted a representation to the Insecticide Board stating that the overburdening nature of the Insecticide Act poses certain impediments to the retail industry which can be addressed without increasing the risk exposure.
Please click here to view the representation submitted.We submitted that there needs to be a classification of insecticides on the basis of risk posed. In this regard, RAI representatives and a retail industry delegation met Dr. Gurbachan Singh in August, Chairman of the Insecticide Board to discuss about this matter.
The Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 states that total holding by each FII/SEBI approved sub-account of FII shall not exceed:
Ministry of Finance has constituted a Forum Chaired by Dr. Parthasarathi Shome, Adviser to the Finance Minister for Exchange of views between Industry Groups and Government on Tax Related Issues or Tax Related Disputes.
RAI is preparing a representation to be submitted to the forum addressing several tax related issues which the retailers are facing. We received positive response from interactions and believe that there is high possibility of retailers getting relief in the issues which will be presented. The forum has allocated September 25 for exchange of views on retail sector in which a high level retail industry delegation will present issues to Dr. Shome. Please find the press release by Ministry of Finance for the forum here.
RAI has submitted a representation to Delhi Government to throw light on the repercussions of using paper bags towards the environment and the threats it poses to the natural resources.
RAI believe that Paper Bags also relay an immense impact on the environment in terms of global warming, energy and water consumption, and waste generation. These factors lead to paper bags impacting the environment in a similar manner as plastic bags and hence need to be treated similarly. There is strong need to prevent the massive deforestation for manufacturing of paper bags.
Please find the representation attached here
The Central Government has issued an order dated September 28, 2015 by way of an amendment to the Removal of (Licensing Requirements, Stock Limits and Movement Restrictions) on Specified Foodstuffs Order, 2002, enabling States to impose stock limits on pulses, edible oils and oil seeds for a period of one year, from October 1, 2015 to September 30, 2016.
We are pleased to inform you that Retailers (Multiple Outlets) and Large Departmental Retailers are exempted from stock holding limits under the Essential Commodities Act, 1955 under this new order.
RAI appreciates the proactive attitude of the Government and is thankful for considering RAI’s submission in this regard. We believe that steps like these will go a long way in the Government’s goal of enhancing ease of doing business in the country.
To view the detailed order, click here
he government of Maharashtra had imposed limits on how much pulses, edible oils and oil seeds retailers could stock. This created several problems, especially for retailers with multiple outlets. Subsequently, Retailers Association of India (RAI) had approached to the government to remove the stock limit on edible oils for retailers having multiple outlets in line with the notification issued by the Central Government.
Furthermore the government of Maharashtra has issued a notification to that effect. To view the notification, Click here
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