PHD Chamber of Commerce and Industry’s (PHDCCI’s) new president Sanjay Aggarwal on Sunday said the next Budget should lower the maximum (I-T) rate to around 25 per cent from the current 30 per cent plus surcharges.

“In the current scenario, there is a need to increase the disposable income of people by reforming the direct tax structure. The maximum personal rate should be around 25 per cent to increase the personal disposable income. This will boost demand in the economy,” Aggarwal, who is chairman and chief executive officer (CEO) of Paramount Cables, said.

His comment was in contrast to economist Joseph Stiglitz’s, who wanted the rich to be taxed more under the current circumstances.

Currently, an annual income of over Rs 10 lakh attracts 30 per cent tax, besides education and health cess of four per

Soybean at the benchmark Indore markets traded at Rs 4,145 per quintal; Chana price is expected to move up marginally from Rs 5,475 to Rs 5,525-5,550 per quintal in the Delhi market

Commodity picks | Soybean | Chana Prices


at the benchmark Indore traded at Rs 4,145 per quintal. For the week ahead, the price is expected to trade weak and head towards Rs 4,100-4,075 per quintal. There is weak demand from processors, besides attractive price could increase farm arrivals. Hence, the price is expected to trade with a downward bias for the week ahead.


Festive demand is expected to bring back buyers after the recent correction in the price. Delay in beginning of sowing in southern India will lend support. For the week ahead, the price is expected to move up marginally from

Due to the pandemic, the event of savings and purchase for months without interest will run from November 9 to 20.

Chairman Subhash Khuntia has urged providers to develop disease-specific products which could help policy holders in preventing different ailments.

I would urge insurers to develop more disease-specific products like for diabetics or for heart or kidney related issues, Khuntia said at a summit organised by CII.

Under such focussed products, companies can bring together medical experts to make aware policy holders on steps to be taken to prevent various diseases, he said.

The chairman said the insurance sector, for too long, has concentrated on tertiary care or hospitalisation and now there was a need to focus more on primary and secondary care, the outpatient care and more on to have preventive care.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the

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Opinions expressed by Entrepreneur contributors are their own.

Sometimes the holidays aren’t quite “the most wonderful time of the year.” According to one study, the holiday season stresses out 88 percent of Americans. For ecommerce companies, this is even more true. Every year, store owners spend months preparing for the fourth quarter, and few ever feel like they’re fully prepared for the wave of — and the headaches — that come with it.

This rings true this year more than ever, with COVID-19 pushing more and more retail volume online. Data shows ecommerce penetration skyrocketed from 16 percent in 2019 to 27 percent, year-to-date, in 2020. This is a direct result of the pandemic and the full extent of this impact remains to be seen in the holiday season. 

So how can ecommerce store owners prepare for what looks to be an

The rising demand for food and groceries on e-commerce platforms will fuel the growth in the cold storage business, property consultant has said, and estimated that the total storage capacity as well as the space in this segment will double by 2023.

In its report on the cold storage segment, the consultant said that the overall cold storage stock stood at 750800 million square feet in 2018 and is expected to rise to 1,4001,500 million sq ft by 2023.

The overall cold storage capacity in 2018 stood at 3739 million tonnes and is expected to double to 7075 million tonnes by 2023.

Anshuman Magazine, chairman, India and South East Asia, Middle East and Africa, CBRE, said, “Cold storage facilities play an integral role in improving the shelf life of products and are an important enabler for several