The Def passes the House and the Senate
The Chamber approved the majority resolution on the Def with 197 votes in favour, 126 votes against and 3 abstentions. Subsequently, the green light arrived in the Senate Chamber for the resolution presented by the majority on the Economic and Financial Document with first signature by Lucio Malan, group leader of FdI: 96 yes, 66 no and 2 abstentions. The other resolutions presented did not receive the government’s positive opinion and were not put to the vote. The text commits the government to present the programmatic framework as soon as possible, within the medium-term fiscal and structural plan”. Immediately after the vote on the majority resolution at the Def, the President of the Senate Ignazio La Russa convened the Conference of Group Leaders .
Def, Giorgetti: “We have invested in work and in favor of low incomes”
“The stability pact approved yesterday in the EU is certainly a compromise. It is not the Italian proposal, brought forward repeatedly by the undersigned at the European level, which seemed coherent to us because it was going to reward investments. But when 27 of us discussing, we need to be able to obtain what is possible and reasonable. What has been obtained is certainly a step forward compared to the budget rules that would come into force starting next year”. The Minister of Economy Giancarlo Giorgetti said this during the debate in the Chamber on the Def.
EU: Giorgetti, growth not with laxity, subsidies and debt – “This stability pact does not exactly meet the criteria of those who think that growth depends on the LSD model, i.e. laxity, subsidies and debt. I continue to think that the growth model is what made this country great in the post-war period, which passes through sacrifice, investment and work”. The Minister of Economy Giancarlo Giorgetti said this during the debate in the Chamber on the Def.
Def: Giorgetti, government deserved the trust of the people, the Chamber and the markets – “I think that this government has deserved the trust. First of all that of the people, I think that seeing the electoral results this is there. The trust of Parliament, and this is there. In a parliamentary democracy with a debt as high as the Italian one The trust of the markets also counts, which we deserved.” The Minister of Economy Giancarlo Giorgetti said this during the debate in the Chamber on the Def.
Def: Giorgetti, invested in work and in favor of low incomes – “It was contested by someone who lacks programmaticism in this Def: whoever wants it can find it. The trend in the employment rate, in particular the female one, an absolute record, means that we have invested in work and not in subsidies. We will continue to invest in parenting support, because with the birth rates we have in the country there is no subsidy that matters”. The Minister of Economy Giancarlo Giorgetti said this during the debate in the Chamber on the Def. “I contest that the government has made a policy against low incomes – he added – it’s exactly the opposite: everything this government has done has been done in favor of the lowest incomes”.
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Stability pact, Giorgetti vs LSD: model on laxity, subsidies and debt
Mukesh Ambani is preparing to give tough competition to Tata, Samsung and LG, know what is Reliance’s plan – mukesh ambani reliance to take on multinational companies in consumer electronics market
– 2024-04-24 23:27:38
2024-04-24 23:27:38
New Delhi: Mukesh Ambani, the richest person in India and Asia, is preparing to create a stir in another sector after telecom and retail. His company Reliance Industries (RIL) wants to end the dominance of multinational companies in the domestic consumer electronics and home appliances market with a new made-in-India brand Wyzr. At present the market of TV, home appliances and small appliances in the country is worth Rs 1.1 lakh crore. It has 60% of LG, Samsung, Whirlpool, Haier and Daikin. Similarly, Tata Group company Voltas dominates the AC market. According to sources, Reliance is in talks with two domestic contract manufacturing companies Dixon Technologies and Mirk Electronics. Mirk Electronics is the parent company of electronic goods manufacturing company Onida. After increasing the market share of the brand, the company can set up its own plant in the medium term. Reliance Retail, the retail unit of Reliance, has recently launched air coolers from the Wyzr brand. According to sources, the company is planning to expand the range in categories like televisions, washing machines, refrigerators, air conditioners, small appliances and LED bulbs. The company wants to design and develop these products in-house as it wants to establish a homegrown brand in a market dominated by foreign labels. The company previously launched private label brand ReConnect, which featured products manufactured by third parties. Reliance Retail Chief Financial Officer Dinesh Taluja had told analysts about the new brand launch during RIL’s fourth quarter earnings call on April 22. But not much was revealed about this.
A Rs 22 crore company made sales of Rs 400 crore in the first year, how Mukesh Ambani did this feat!
what is the plan
Sources say that the company wants to sell Wyzr products through its Reliance Digital stores as well as independent dealers, regional retail chains and e-commerce platforms like Amazon and Flipkart. Geomart Digital (JMD), engaged in B2B distribution of electronic products, will take Wyzr products to other stores. JMD’s merchant base to grow by 20% in FY2024. Wyzr products will be cheaper than brands like LG, Samsung and Whirlpool. These companies are popular in categories like TV, refrigerator and washing machine. Similarly, Tata’s company Voltas is number one in the AC market but foreign companies like LG and Daikin are also not far behind it.
“Reliance had already disrupted the feature phone market dominated by multinationals with JioPhone,” a source said. The company wants to repeat the same success in electronics by riding the wave of Make-in-India. In the year 2022, Reliance had bought 50.1% stake in the Indian unit of US company Sanmina for Rs 1,670 crore to expand in the electronics manufacturing sector. Sanmina has a 100-acre campus in Chennai, where it can set up a plant for Wyzr products. He said that it has not been finalized yet. The company’s priority right now is to launch products.
Mukesh Ambani is preparing to make a big bang in the financial sector, got the support of the world’s most powerful man.
The company has tried before also
Reliance Retail did not answer questions in this regard. Mirk Electronics MD Vijay Mansukhani declined to comment, while an email sent to Dixon remained unanswered. Reliance Retail had earlier tried to sell televisions and some appliances under its brand Reconnect, but had limited success. These were designed and developed by the company’s partners. These were sold only through Reliance Digital stores without any marketing push and were intended to compete with Future Group’s private label Koryo and Tata Group’s Croma. Reliance Retail still uses the Reconnect brand for accessories. It acquired the license for the BPL and Kelvinator brands a few years ago and launched some TV, refrigerator and washing machine models.
But the company did not achieve much success. These products were locally designed and manufactured by companies like Dixon, Mirk and PG Electroplast. Some were imported from China and Indonesia, made by TCL, Midea and Toshiba. A source said that Reliance management felt that it needed its own brand so that it could firmly control product design and manufacturing to make its mark in this market. Taluja had said that the company’s FMCG business is progressing well. He said brands like Campa and Independence have gained a strong foothold. The company is building a supply chain for these products so that we have a domestic supply chain in different parts of the country.
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Inflation? No, we haven’t heard. The value of cargo deliveries from China to the US has tripled, and to Europe sixfold
– 2024-04-25 01:02:52
/ world today news/ Already last August-September, when the Americans were flooded with the first wave of aid that was not covered at all, the value of the supply of goods from China jumped sharply and was accompanied by headlines like “The price of the Pacific supply of goods went crazy” and the like.
But then they had not yet seen the current prices.
Thus, the Freightos Baltic Daily Index with delivery of a 40-foot container (FEU) from Asia to the US West Coast (SONAR: FBXD.CNAW) reached $5,650, which is 15% above the rate at the beginning of the month, 70% above ” “crazy” prices from August-September and at 3.2 times higher than last May.
The picture is similar with the other indices, albeit with different methodologies.
The US Asia-East Coast Index (via the Panama Canal) reached $7,435 per FEU, an annual increase of 171%.
The Shanghai-Los Angeles index reached $5,255 per FEU, up 201% year-on-year, Shanghai-New York at $7,085 per FEU, up 154%.
Shipments from Asia to Europe have seen even wilder growth, with quotes for deliveries at Northern European ports (SONAR: FBXD.CNER ) reaching $8,331 per FEU, up 493% year-on-year – 5.9 times May 2020.
In general, the global printing press has stumbled not only that the entire world production has hundreds of times less growth rate, but also that there is no transportation for all this pile of paper for secondary raw materials.
Translation: V. Sergeev
#Inflation #havent #heard #cargo #deliveries #China #tripled #Europe #sixfold
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