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The finals of the 2010 Football World Cup or Michael Schumacher’s amazing comeback, you can be on the ringside of all that sporting action and more. Ask Arun Raghu.

MP to push demand for GST postponement
The Madhya Pradesh government will tomorrow press for its demand to postpone proposed goods and service tax from April next year, as it has estimated that losses to all the states will be in tune with Rs 80000 crore before the committee on GST in New Delhi. “The Centre is putting important issues like health and education at stake if implementing GST, as revenues losses to the states would be much higher than calculated,” AP Shrivastava, principal secretary commercial tax department said, “The proposed GST is not different from VAT however the Centre has wrongly calculated tax-base and revenue losses at Rs 21.66 lakh crore (as per Tax Research Unit of Department of Revenue Government of India) and Rs 35,000 crore.” The state finance minister will demand that this is not an opportune time to implement GST and the Centre should give some time for VAT to settle down.

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Whirlpool to focus on AC segment, launch new range by Feb

Home appliances manufacturer, Whirlpool India is looking to strengthen its position in the air-conditioner segment and plans to launch smart and affordable range of cooling solutions by February next year, a senior company official said. - Voltas: A cool cause - Whirlpool to focus on AC segment, launch new range by Feb - Bajaj Auto launches Pulsar 135 LS - TN launches Power Transmission Corporation - Bacardi launches Bacardi O, to focus on smaller cities - Bajaj Auto launches Pulsar 135 cc bike "Even though we are focussing on all categories of home appliances, our major thrust is on the air-conditioner segment. We plan to launch a few smart, affordable and intelligent range of cooling solutions called "Mastermind series" early next year," Whirlpool"s Vice-President (Marketing and Exports) Shahzad Akhtar told PTI here. A unique feature of this range (split air-conditioners) would be its efficiency in saving power and energy, he said, without divulging the pricing. At present, Whirlpool"s market share in the air-conditioner segment is 5-6 per cent. Besides, air-conditioner, Whirlpool, is also planning to introduce several new and innovative products such as clothes-dryers, air-treatment and water-treatment systems, Akhtar said. "We also plan to focus strongly on washing machines, in which we are a world leader," he said. Whirlpool, which on an average invests Rs 100-crore annually on launches, upgrading and innovations, is targeting a 30 per cent growth in volumes this fiscal, he said. The company would be investing Rs 300-crore in the next three-years, Akhtar said, adding that one-third of the products to be launched next year would be new.


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