Sunday, October 11
NEW DELHI: Finance minister Nirmala Sitharaman Saturday said the Modi government promotes wealth creation and encou-rages entrepreneurs to earn profits through ethical practices without inhibitions. This is in stark contrast to the stance adopted by the votaries of socialism or com-munism, who looked down upon wealth creation in earlier deca-des, she said, indicating that resources can be distributed only when they are generated. Sitharaman was addressing the National Commemorative Seminar on 60 Years of Pandit Deendayal Upadhyaya's Integral Humanism Lectures."Profit was a bad word (for socialists and communists), whereas that's not what we believe in. We would like to have profit created by genuine ethical practices, and that is what is going to create wealth for the nation," she said.Wea
The demand for commercial refrigeration products such as deep freezer and bottle coolers or visi coolers in India has touched unprecedented levels, far outstripping supplies amid the quick commerce boom and cola war, said industry executives.Commercial refrigeration manufacturers such as Blue Star, Voltas and Haier said sales have been surging 25-50% year-on-year since January, after initial hiccups in the April-September 2024 period, when India adopted the quality control order (QCO) for products like water coolers which impacted the supply chain.The QCO issued by the Bureau of Indian Standards (BIS) mandates companies to source and manufacture products from BIS-certified companies, encouraging local production over exports from countries like China."The cola war by Reliance's Campa, Coca
