After Walmart and Google, Apple receives a federal designation to become a wholesale seller of electricity.Apple has contracted with First Solar to begin buying a little less than half of the power later this year from California Flats, a solar energy farm now under construction.Industry also demanded relaxation in the penal provisions under the GST. E-commerce companies demanded that they should be Wholesale Garden Gazebos Suppliers kept out of the proposed GST net as they only provide a ‘platform’ to vendors and customers and do not make money out of the sales.Various industry associations have already met with the revenue secretary and other finance ministry officials to express their apprehensions on GST.
Further, CCI also found cement companies to be acting in concert in fixing prices of cement."CCI directed cement companies and CMA to cease and desist from indulging in any activity relating to agreement, understanding or arrangement on prices, production and supply of cement in the market.48 crore (India Cements), Rs 128. CMA faces a fine of Rs 0.The fines on other companies are Rs 274.While imposing penalties, CCI noted "the action of the cement companies and CMA as being not only detrimental to the interests of consumers but also as detrimental to the whole economy, as cement is a critical input in construction and infrastructure industry - and thus vital for the economic development of the country.
Competition Commission of India (CCI) on Wednesday imposed over Rs 6,700 crore penalty on 11 cement companies, including ACC and Binani, for cartelisation.CCI held the cement companies and CMA in contravention of competition act.A fine of Rs 1,147.59 crore has been imposed on ACC, while penalties on Jaiprakash Associates Ltd and Ultratech are Rs 1,323.01 crore (Lafarge), Rs 258. In a separate order, CCI has also imposed a penalty of Rs 397 crore upon Shree Cement Limited.54 crore (J K Cements), Rs 490. National unions should pitch their proposals more realistically.Although the strike call lacked a punch, it is plain that the country cannot afford such actions for a longer period. In Kerala and Tripura, where the ruling Left Front supported the employees’ cause wholesale, the effect was total.