Mrp

NPPA directs firms to issue revised price lists instead of recalling stock; compliance to be ensured at retailer level

Around 60% of domestic travelers complain about high price of food, water on flights: Survey

Around 72% of air passengers surveyed by the community social media platform LocalCircles complained of bottled water being sold onboard flights at a higher published MRP than the one in regular markets in the last 12 months, while 59% had a similar complaint about packaged food

Sri Lanka to slap maximum retail price for fuel

The move of the Sri Lankan government comes ahead of a top Chinese energy company is set to enter the retail fuel market of the island nation of the first time in August.

RattanIndia announces low-cost plan for customers to own RV400 electric bikes

The electric two wheeler maker will reopen bookings on February 22 February, 2023 for its newly released RV400 bikes.

Govt-nominee on RBI board wants cos to list manufacturing cost with MRP

Satish Marathe, appointed by the government to the central board of the RBI in August, said, "it is high time that apart from printing MRP on products, companies should also start giving the (manufacturing) cost of products. Only then, will we really know the margins of profit."

Telangana Metrology department cracks down on traders levying GST on packed goods

The department found that small traders to big shopping malls and even multiplexes and prominent MNC food chains were allegedly indulging in this fraud, he said.

GoM suggests making GST inclusion in MRP mandatory

The group of ministers, headed by Assam Finance Minister Himanta Biswa Sarma, has in its recommendation to the GST Council on easing compliance burden on small and medium enterprises suggested that the government make it amply clear in the present law that MRP is the maximum price of a product to be sold in retail and charging anything above this is an offence.

Telangana govt to take action against levying of GST over MRP on packaged goods

Severe action will be initiated against levying of the Goods and Services Tax (GST) in addition to the maximum retail price (MRP) and cases will be registered against such an illegal practice, C V Anand, the state's civil supplies commissioner and legal metrology department's controller, said yesterday.

Medical devices to carry MRP on packs from January 1, 2018: Govt

Minister of State for Road Transport and Highways, Shipping and Chemicals and Fertilisers Mansukh L Mandaviya said in a written reply in the Lok Sabha that the move followed amendments to the Legal Metrology (Packaged Commodities) Rules, 2011.

Mineral water bottles cannot be charged more than MRP: Pande

He said that the state government, being the implementing arm here, would strictly ensure that and strict action would be taken against the offenders.

GST: HP hikes prices of MF printers, cartridges by up to 15%

HP said the maximum retail price (MRP) of MFPs has been increased by 8-10 per cent, while ink cartridges will be dearer by 12-15 per cent.

Fertiliser companies get to print MRP with new GST on unsold stock

The companies have been given three months till September to clear the unsold stocks by stamping or printing the new retail price. Last week, the Goods and Services Tax (GST) on fertilisers was reduced to 5 per cent from 12 per cent in the interest of farmers.

Exclusive: RIP MRP? Products may not have to bear price stamp soon

Global retailers find the practice restrictive and the government is looking at aligning itself with international practices to attract investment.

Stent price control will save patients Rs 4,450 cr: Government

The National Pharmaceutical Pricing Authority (NPPA) had notified the ceiling price of coronary stents at Rs 7,260 for bare metal stent and Rs 29,600 for drug-eluting ones.

Govt seeks reply from packaged water cos over different MRPs

The government has sought explanation from companies selling packaged mineral water over different MRPs of bottles for various places and directed that the sale price should be same at airports, hotels and malls.

Govt mulls easing sectoral restrictions to attract more FDI

The commerce and industry ministry is expected to discuss the sector specific issues with the departments and ministries concerned, sources said.

Govt warns of action against packaged water sale above MRP

"Charging above MRP is violation of the law. But we still see at airports, multiplex and hotels, that packaged water is sold at more than the MRP. This needs to be stopped," Paswan said here.

TRAI proposes Rs 130 per month rental for 100 SD channels

According to its new draft tariff order, on which TRAI has sought suggestions, the broadcasters should also declare the maximum retail price (MRP) of their "a la carte" channels for their subscribers.

Cap trade margins to reduce drug prices, says a committee

For drugs priced between Rs 20-50, the panel has proposal to cap the margin at 40 percent. It also recommended capping the margin at 50 percent for the drugs priced from Rs 2-20

Hello GST: Impact on paint sector

"Currently, the sector is taxed at the normal rate for both excise and VAT and hence the overall duty burden is between 24% and 27%. As against this, if the GST rate for the standard rate of products for paints is 17-19%, there will be clearly an advantage," says Jayraj Sheth, Indirect Tax Partner, EY

Govt to reform urea policy; price hike not on cards now

At present, the country imports about 8 million tonnes of urea to meet the annual domestic demand of 30 million tonnes. India produces about 22 million tonnes of urea annually.

No system to check price reasonability of fertilizer: Govt

The government has no mechanism to check whether maximum retail price (MRP) fixed by companies for phosphastic and potassium fertilisers in the country is reasonable or not, Parliament was informed.

Indian Fertilizer: Neutral outlook for urea sector by ICRA

ICRA Research Service has come out with its report on Indian fertilizer sector. The research firm, expects the participants in the urea sector to continue to report steady returns in the near term with policy expectations increasingly pointing towards modified NPS-III (New Pricing Scheme-III).