GST rate cut: Refrigerators, washing machines, kitchen appliances to be cheaper from today

GST rate cut: Refrigerators, washing machines, kitchen appliances to be cheaper from today

Consumer appliances like refrigerators, washing machines, small screen TVs, vacuum cleaners and sundry kitchen essentials will now cost 7-8 per cent less, as companies prepare to pass on the benefits of the recent GST revisions. Last week the Modi government had announced the biggest GST rate cut since last November and slashed the levy on several white goods and commonly used kitchen appliances like mixer-grinders and juicers by 10 per cent – from the highest tax bracket of 28 per cent to 18 per cent. The new rate comes into effect today.

According to The Economic Times, with this development, the total taxation amount on several consumer electronic products is now lower than what it was during the earlier VAT regime, when it stood at around 26.5 per cent. Better still, industry insiders claim that prices will come down to nearly a two-year low.

“With the revision of GST rate on refrigerators and washing machines, there will be a reduction of price to the tune of 7-8 per cent for the end consumer. Godrej will pass on the entire benefit of GST reduction to the consumers,” said Godrej Appliances Business Head and Executive Vice President Kamal Nandi, adding that the rate cut will provide relief to the appliances industry.

“The revision will make refrigerators and washing machines more affordable which will accelerate the penetration of these appliances across India. This, in turn, will lead to a spur in demand which will lead to increase in production and, hence, have a positive impact on the GDP,” he explained.

Korean consumer durable majors LG has likewise committed to pass on the full benefit of the GST rate cut to the consumers. Citing sources in the know the daily added that the company has dropped prices by 8-9 per cent, while Samsung and Godrej will be reducing prices by more than 7.81 per cent across all products that got a tax cut. Panasonic’s net price cut is between 7-8 per cent.

The price cuts vary because some companies have passed on the complete benefit of the tax cut while keeping dealer prices intact but some brands have also reduced the dealer price, thus increasing the net price cut. The tax component is calculated on dealer price to arrive at the product’s maximum retail prices.

So LG has revised the price of its 335-litre frost-free refrigerator price from Rs 46,490 to Rs 42,840 – a price drop of 8.5 per cent – and a 6.2 kg top load washing machine is now 8.7 per cent cheaper at Rs 18,390. On the other hand, a Godrej 190-litre direct cool refrigerator is now priced 7.8 per cent lower at Rs 15,257, against Rs 16,550 earlier.

Godrej Appliances business head Kamal Nandi told the daily that for the stock already in trade, the manufacturers will supply new pricing labels to the retailers mentioning the new MRP, which they will stick on the product packaging. So if you are going shopping for one of the products that recently enjoyed a tax cut, check for reduced prices before you pay up.

The industry is optimistic that the tax cut will fuel demand and provide a new impetus for growth, especially ahead of the upcoming festive season. The Indian consumer, after all, has largely been holding back on discretionary spending since demonetisation in November 2016.

“The goods to benefit the most will be washing machines and refrigerators, where we expect growth to pick up substantially. The reduced taxes in television sets of up to 26 inches will ensure increased penetration and affordability in smaller parts of the country. We plan to pass on the complete benefits translating to around 7-8 per cent,” said Manish Sharma, president and CEO, Panasonic India and South Asia and President, CEAMA.

However, if you are planning to buy a larger-sized LED TV – 32 inches or more – you’d best do so in a hurry. Because the buzz is that their prices will go up next month.
[“source=indiatoday]

Oppo A71 Price Cut in India

Oppo A71 Price Cut in India

HIGHLIGHTS

  • Oppo A71 price in India at launch was Rs. 12,990
  • The smartphone now has a new MOP of Rs. 9,990
  • The new price is available via offline retailers in India

Oppo A71 was launched in India back in September last year. The smartphone at launch was priced at Rs. 12,990, and has since seen a drop to Rs. 10,990 for its market operating price (MOP). Gadgets 360 has learnt that the smartphone is available at Rs. 9,990 (MOP) via offline retailers, with the new market operating price effective from Wednesday, January 24. Notably, the price drop is not yet visible on Amazon India or Flipkart, where the smartphone is still listed at Rs. 11,990, while Paytm Mall still lists it at Rs. 12,290. We’ve reached out for a statement from Oppo India, and will update this space when we hear back.

Prior to the India launch in September, the Oppo A71 was seen listed on the Oppo Pakistan and Oppo Malaysia sites. The Oppo A71 is a dual-SIM (Nano) smartphone that features a metal unibody and 4G VoLTE calling technology. The smartphone runs on Android 7.1 Nougat based ColorOS 3.1 custom skin. It is powered by a 64-bit octa-core 1.5GHz MediaTek MT6750 SoC coupled with 3GB of RAM and Mali T860 GPU. The Oppo A71 sports a 5.2-inch HD (720×1280 pixels) TFT display.

For photography, the Oppo A71 boasts of a 13-megapixel camera with 1/3.06-inch sensor size, LED flash, PDAF, and an f/2.2 aperture on the rear side. For selfies, the smartphone has a 5-megapixel front camera with an f/2.4 aperture. Oppo says that the rear camera on A71 is equipped with “Multi-Frame Denoising technology, making for clearer pictures under low light conditions, with greater details and more realistic colours.” Even though the smartphone doesn’t carry a dual camera setup, Oppo claims that the cameras offered in A71 are capable of producing Bokeh effect for portraits.

Oppo’s A71 bears 16GB of inbuilt storage that is expandable via microSD card (up to 256GB). The connectivity options include 4G LTE, Wi-Fi 802.11 b/g/n, Bluetooth v4.0, 3.5mm audio jack, and Micro-USB (with OTG). The sensors on board include accelerometer, ambient light sensor, digital compass, and a proximity sensor. The smartphone gets its juice from a 3000mAh battery that supports fast charging functionality. The Oppo A71 measures 148.1×73.8×7.6mm and weighs 137 grams.

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Oppo A71

Oppo A71

Rs.11,175
Buy
  • KEY SPECS
  • NEWS

Display

5.20-inch

Processor

1.5GHz octa-core

Front Camera

5-megapixel

Resolution

720×1280 pixels

RAM

3GB

OS

Android 7.1

Storage

16GB

Rear Camera

13-megapixel

Battery Capacity

3000mAh

BUY AT
  • Oppo A71 (Black, 16GB, 3GB RAM)
    Rs.11,175
  • Oppo A71 (Gold, 16GB, 3GB RAM)
    Rs.11,990
  • Oppo A71 (Gold, 16GB, 3GB RAM) with Offers –
    Rs.11,990

[“Source-gadgets.ndtv”]

Focus on new tech to cut emission, enhance mileage: Maruti

The company also claimed that “three of the most fuel efficient cars in India” are all from its stable.

The country’s largest carmaker Maruti Suzuki India(MSI) is focusing on new technologies to cut emission per vehicle while enhancing fuel efficiency for its future models.

The company said it has been able to bring down weighted average of CO2 emission for its entire fleet by nearly 19 per cent over a decade since 2007—08.

“Going forward, we will continue our focus on investing in new technologies and strengthen our capability to bring down emissions per vehicle by enhancing fuel efficiency of our cars,” Maruti Suzuki India Executive Director (Engineering)C V Raman has said in a statement.

Besides upgrading current engines and transmissions, and making models more aerodynamic to enhance the fuel efficiency, MSI has also focused on new generation light weight platforms, such as the Heartect on which Baleno and new Dzire models are based, for “safer and more fuel efficient vehicles“.

“We work on platform strategy and keep on rationalising them to offer better value to the customers by better fuel efficiency and better performance, which leads to reduction in emissions,” Raman added.

On its effort to cut emissions, the company said it has reduced the weighted average of CO2 emission by around 19 per cent for its entire fleet.

MSI has aslo said that it had started the exercise to reduce CO2 emission from 2005-06 by taking 100 as base for its entire fleet. It came down to 80 in 2016-17 as compared to 98.5 in 2007-08.

Introduction of mild hybrid system in mass market vehicles along with factory fitted CNG in vehicles have helped the company offer more eco-friendly vehicles, it added.

The company also claimed that “three of the most fuel efficient cars in India” are all from its stable.

These are the diesel variants of hatchback Celerio (27.62 kmpl), compact sedan Dzire (28.4 kmpl) and mid—sized sedan Ciaz (28.09 kmpl).

 [“Source-ndtv”]

Final Cut Pro 10.3 Brings Touch Bar Support, New Magnetic Timeline, and More

Final Cut Pro 10.3 Brings Touch Bar Support, New Magnetic Timeline, and More

HIGHLIGHTS

  • Final Cut Pro 10.3 is now available for free for existing users
  • New users can buy it for Rs. 18,500 from the Mac App Store
  • Motion 5.3 and Compressor 4.3 were also released

Alongside the TV app and MacBook Pro launches, Apple on Thursday also unveiled that it is calling a “significant update” to its video editing software, Final Cut Pro X. The latest version, Final Cut Pro 10.3, is now available as a free update for existing users. New users can buy it at Rs. 18,500 from the Mac App Store, while the updated add-ons Motion 5.3 and Compressor 4.3 software are priced at Rs. 3,100 each for new users.

Apart from bringing support for the newly unveiled Touch Bar on the MacBook Pro, something that was also shown as a demo at Thursday’s event, Final Cut Pro 10.3 gets new editing features for the Magnetic Timeline, and a redesigned interface with full support for wide colour workflows.

(Also see: Smaller, Lighter MacBook Pros With Touch Bar, Touch ID are Official)In a statement regarding the update, Apple said the new Touch Bar of the MacBook Pro would provide “intuitive, context-sensitive controls.” Users will be able to switch between editing tools, adjust audio levels, and access trimming and playback commands. Users will also get access to a colour-coded, interactive overview of the entire timeline that can be navigated by touch.

(Also see: What’s New and Improved in Apple’s Latest MacBook Pro Models)

The new Magnetic Timeline in Final Cut Pro 10.3 will give users customisable arrangements and colour coding of audio clips based on type or “role”. Users will be able to give each roles a unique colour. Apple says another addition is a “first for pro video software”, the ability to drag and rearrange the vertical layout of their timeline or highlight specific audio roles while editing.

The revamped interface provides a darker, flat look for regular users, while MacBook Pro users will get a new layout that optimises screen space due to the inclusion of the Touch Bar. The new customisable workspaces lets users adjust window arrangements across multiple monitors, while full support for wide colour workflows lets users to import, edit and deliver video in standard Rec. 601 and Rec. 709 colour spaces, or in wide gamut Rec. 2020 colour space.

(Also see: TV App for Apple TV Puts All Your Content in One Place)

Other new features in Final Cut Pro 10.3 include a flow transition for smooth jump cuts; the ability to remove attributes to easily delete or reuse select effects across multiple clips; timecode overlay effect and generator to edit with a large view of source timecode; support for ProRes MXF, Panasonic V-Log and export of AVC-Intra, and finally, direct video output via Thunderbolt 3.

Motion 5.3 gets a new interface with support for wide colour workflows and 3D text enhancements that improve the performance and realism of 3D titles, among other changes. Compressor 4.3 also gets a new dark look to match Final Cut Pro X and Motion, as well as enhancements to iTunes Store Package creation, among other changes.

(Also see: LG’s New UltraFine 5K Display Designed for New MacBook Pro, Says Apple)

“This is our biggest update to Final Cut Pro X since we completely redesigned it five years ago,” said Susan Prescott, Apple’s vice president of Apps Product Marketing. “The new version features a sleek interface and adds powerful new editing features that go far beyond what’s possible with traditional, track-based video editing apps; and integration with the revolutionary Touch Bar gives professional video editors a whole new way to interact with Final Cut Pro X.”

Tags: Apple, Final Cut Pro X, Final Cut Pro 10.3, MacBook Pro
[“Source-Gadgets”]