BIZ SCAN

0
12

Downward revisions, stability in fuel prices                        

NEW DELHI: Substantial downward revision and stability in the prices of essential petroleum products –petrol, diesel, LPG cooking gas and kerosene – in the recent months, has brought much-needed relief for the common man as well as the poorer sections of society.  For instance, the Retail Selling Price (RSP) of diesel sold through Indian Oil Corporation’s(IndianOil) fuel stations has come down by Rs 2.93 per litre, and petrol by 97 paise per litre at Delhi, during September 2020, with corresponding price reduction in other markets across the country. In the current month, diesel prices have been reduced by a further 17 paise per litre in Delhiso far,while there has been no change in the price of petrol. This has come as a great relief to motorists and transporters alike.  Similarly, there has been virtually no change in the RSP of LPG for domestic use at Delhi and other markets across India since July 1, 2020. With an average monthly sale of about 13 crore domestic LPG cylinder refills on industry basis, as many households have benefited from stability in the price of LPG cooking gas. Even in the case of subsidised kerosene being supplied through the public distribution system (PDS), the cumulative reduction in RSP has been substantial; for instance, the downward revision at Mumbaiwas Rs 12.73 per litre since  Feb 16, 2020. In the latest instance, PDS Kerosene price in Mumbai came down by Rs2.19 per litre at the beginning of this month – from Rs 25.84 per litre in Sept 2020 to Rs 23.65 per litre in Oct 2020. The poorest sections of society are benefited by the substantial reduction in the price of kerosene distributed through the PDS. NT

SBI celebrating  ‘Sunahare Din’  Gold Loan Login Day today

PANAJI: State Bank of India, North Goa is celebrating “Sunahare Din” Gold Loan Login Day (SWARN UTSAV) on Oct 14, 2020 for the general public. On the occasion, all the branches will have dedicated counters for quick processing and disbursement of the Gold Loans. The branches are offering to sanction and disburse Gold Loans in just 15 minutes for the general public. Besides, offering a lower interest rate of 7.50% on Gold Loans, the bank is also offering full waiver of processing fees, if the customer applies for Gold Loan using the YONO platform of the bank. Giving the information of the event, Bank’s Regional Manager Sandeep Kumar has briefed that the bank is offering Gold Loans at one of the cheapest rate in the Industry. It is the easiest and fastest loan product for the customers looking for a loan to meet their liquidity requirements in the COVID times. He has appealed to the general public to take the maximum benefit of the “Sunahare Din” gold loan login day (SWARN UTSAV). NT

Vimal Agro products’plans

MUMBAI: Vimal Agro Products, ‘Make in India’ manufacturers and exporters of fine food and beverage products for global markets, unveiled  on the eve of the company’s anniversary (October 14) and festival season, their first-ever TVC campaign for flagship brand SWAD. Vimal Agro Products, which has developed 150 plus different products for 45 and more countries, has been sharing its love for Indian food with global customers for over three decades. The new soul-stirring TVC is available on YouTube – https://youtu.be/Kveee8NYRzQ SWAD, a 30-year old continually evolving brand, is now targeting the domestic markets aggressively and expanding its retail-distribution presence. SWAD offers a wide range of products ranging from mango pulp and slice, mango chutney, exotic chutneys, papad, pickles, sweet pickles, ready to eat foods, sauces, cooking pastes, curry pastes, fruit juices and many more. Vimal Agro is one of the biggest manufacturers of Mango Pulp in consumer packs. Vimal Agro recently launched a set of Indo-Chinese range to satisfy Indian taste buds along with exotic Chinese flavours. The range comprises of red chilli, green chilli, dark soya, chilli vinegar and along with this they have recently introduced Manchurian pan fry and Schezwan pan fry. Vimal Agro is also planning to launch some of the traditional Indian chutneys to the market such as a – garlic chutney, date and tamarind chutney and green chilli thecha. NT