Latest news with #MRP
Fashion Value Chain
2 days ago
- Lifestyle
- Fashion Value Chain
Top 5 Modicare Self-Care Picks for Effortless Radiance
Bengaluru, July 21, 2025: Self-Care Day is a timely reminder that nurturing yourself should start with the products you trust. Modicare's Urban Color London range offers high-performance beauty that not only enhances your look but also supports skin health with thoughtful, clean formulations. These top 5 picks help you glow, hydrate, and express yourself effortlessly—where self-care meets smart, conscious beauty. 1. Beat the Sun Hybrid Sunscreen SPF 50:- Get broad-spectrum SPF 50 PA++++ protection with Urban Color London's Beat the Sun Hybrid Sunscreen. This lightweight, non-greasy sunscreen offers 48-hour hydration while shielding your skin from UVA/UVB rays, sunburn, and premature aging. Priced at MRP ₹600, it also works as a skincare primer with a powerful blend of Carrot Root (protects), Papaya Extract (brightens), and Calendula (soothes)—making it your daily antioxidant armor. 2. All-in-One Perfection CC Cream:- Perfect, correct, and protect with Urban Color London's All-in-One Perfection CC Cream. Packed with Niacinamide, Hyaluronic Acid, Centella Asiatica, and Gooseberry Extract, this multi-functional CC cream delivers a natural, blemish-free finish while soothing and hydrating your skin. With SPF 20, this vegan, paraben-free cream (MRP ₹799) is available in 3 shades—Rose, Honey, and Almond—to match your glow. 3. Stay & Slay Pro Makeup Setting Mist:- Elevate your beauty routine with Stay & Slay Pro Makeup Setting Mist, a 3-in-1 spray that primes, hydrates, and sets. Enriched with Niacinamide, Green Tea, Caffeine, Hyaluronic Acid, Rosemary, and Moringa, it protects against environmental stressors while keeping makeup fresh all day. 100% vegan and paraben-free, it's priced at MRP ₹799 and perfect for a dewy, long-lasting finish. 4. Matte Vogue Luxe Slim Lipstick:- Redefine bold beauty with Matte Vogue Luxe Slim Lipstick, available in 8 intense matte shades. Infused with Avocado Oil, Vitamin E, Vitamin D, and Beta Carotene, it nourishes lips while delivering rich, long-lasting color. At MRP ₹999, this paraben-free, vegan lipstick offers a royal finish fit for every mood. 5. Luxe Vegan Nail Lacquer:- Finish your self-care look with Luxe Vegan Nail Lacquer, a vibrant nail paint range in 25 trendy shades. Formulated in Luxembourg with a double-patented, non-yellowing system, it's paraben-free, cruelty-free, and free from 21 toxic ingredients. Long-lasting and chip-resistant, it's priced at MRP ₹360 and perfect for salon-like shine at home. All Modicare products are available nationwide through Modicare Consultants
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First Post
6 days ago
- Business
- First Post
Is India mulling a change to the MRP formula? Why?
India is mulling overhauling the existing Maximum Retail Price (MRP) regime. The Union consumer affairs department is reportedly looking to work out a formula that ensures both consumer affordability and manufacturer profitability read more Have you heard of that friend or family member who has fought with a storekeeper for charging more than the MRP (Maximum Retail Price) printed on it? Chances are you have; after all, most Indians have been taught to never pay a rupee more than what's printed on the pack. But have you ever given MRP a second thought — how is it decided? Who decides it? Now, as the government considers a major overhaul of the maximum retail price (MRP) pricing, we take a closer look at everything MRP-related. STORY CONTINUES BELOW THIS AD What is MRP? Maximum Retail Price (MRP) was introduced in 1990 by the Ministry of Civil Supplies, Department of Legal Metrology. According to the Indian Consumer Goods Act, 2006, a MRP refers to the price at which the packed product shall be sold in the retail market, and this price shall include all taxes levied on the product. The MRP for a product is decided by its manufacturer or seller of the product, taking into account various factors such as production costs, marketing expenses, and profit margin. As the name suggests, it is the maximum that a customer will have to pay for the product. It is important to note that MRP is different from the Suggested Retail Price (SRP), which is a price that is recommended by the manufacturer or seller as a fair price for the product. The SRP is not necessarily the price at which the product is actually sold, and retailers may choose to sell the product at a lower or higher price depending on various factors such as competition and market demand. MRP in India is only levied on packed commodities and not services. Moreover, many commodities in India aren't packed — take for instance, your fruits, vegetables, rice, pulses, which are sold 'loose'. Many experts note that the purpose of introducing MRP was to prevent tax evasion and protect consumers from profiteering by retailers. Before the amendment, manufacturers could print either the maximum retail price (inclusive of all taxes) or the retail price (local taxes extra). How is MRP calculated in India? In India, the MRP is decided by the manufacturer or retailer. To decide upon a figure, the retailer takes various factors into consideration: product's actual cost+ profit margin+ cost and freight margin+ distributor margin+ retailer margin + GST+ transportation+ advertisement expense+ other expenses. In some cases, MRP may be regulated by law and may be determined by the government or other regulatory bodies. STORY CONTINUES BELOW THIS AD Why is the government now looking to overhaul MRP? A report in the Mint states that the government is now looking to re-evaluate MRP. The report states that the Union consumer affairs department held a meeting with industry associations, consumer bodies and tax officials about the plan. But why, you ask? The move to overhaul MRP, as officials state, is to prevent manufacturers marking up retail prices steeply. The officials told Mint that the consumer affairs department is looking into whether there should be guidelines on linking MRP to the cost of making and marketing items including essential commodities, packaged goods, and daily use consumer products. An Indian woman fills her trolley with retail products as she shops at a department store in Mumbai. The law mandates that all packaged goods must have a MRP label. Representational image/Reuters Many note that the MRP formula in India is archaic and needs an overhaul. Critics point to the fact that often times products are irrationally priced. For instance, a packet of juice costs Rs 50. But, there's another juice right next to in the store that costs Rs 150, despite the fact that the two juices weigh the same and taste the same. Officials argue that there's no clear formula or benchmark to check if the MRP stated is reasonable. There's also the issue of inflated pricing. There are several instances when retailers price a product at Rs 1000 so they can offer huge discounts later. As one official was quoted telling the Mint, 'If a product has an MRP of Rs 5,000 but is sold at Rs 2,500 after a 50 per cent discount, the question arises — why was such a high price printed on the tag in the first place? If the retailer is earning a profit by selling it at Rs 2,500, the original MRP appears inflated. Does that mean the 50 per cent discount was merely a tactic to attract consumers? We are exploring all such cases in consultation with the industry, especially since the retailer is legally allowed to sell the product at its declared MRP.' STORY CONTINUES BELOW THIS AD One official told the Mint that the objective wasn't pricing control but to ensure that pricing is reasonable. Some argue that the maximum retail price is an archaic mechanism and should be replaced with Suggested Retail Price (SRP) or Recommended Retail Price. Representational image/Pixabay Will an MRP overhaul be possible? But while the government has shown keenness to change MRP, not everyone is on board. Many manufacturers and retailers saw no need to change the existing system. They argued that India is a highly price-sensitive market and MRP helps people know exactly how much they should pay. Some also argued that linking retail price to costs will prompt some businesses to discontinue certain products, which will affect their availability to the consumer. Many also noted that rather than overhauling MRP, certain interventions needed to be made to make it more transparent and customer-friendly. In a report, Finshots noted that could switch from MRP to a Suggested Retail Price (SRP) or Recommended Retail Price (RRP) system like in the US and Europe. This way, retailers have some flexibility to adjust prices based on their own costs. So if a shop in a remote village has higher transport costs, they can charge a bit more and be upfront about it. Meanwhile, shoppers still know the baseline price set by the government, so they're not in the dark. Overhauling MRP could also be problematic from a tax point of view. Whatever alternative is chosen would have to align with Goods and Services Tax (GST) structure. STORY CONTINUES BELOW THIS AD It's left to be seen what happens next — but for now, keep ensuring that you aren't paying more than the MRP. With inputs from agencies
Borneo Post
6 days ago
- Health
- Borneo Post
70 recipients benefit from Lanang MP's welfare aid, MRP funds
Lau (seated, third right) takes a group photo with the recipients after the distribution of aid. SIBU (July 17): A total of 70 beneficiaries received welfare aid from Lanang MP Alice Lau recently. In a statement, Lau said the assistance covered various forms of financial aid, including support for dialysis treatment, education, death benefits, newborn benefits and other medical assistance. She hoped such initiatives would inspire more people to come forward and help those in need, working together to build a caring and compassionate society. 'The newborn benefits are part of the 'Welcome, Lanang New Born' initiative which was launched in September last year. Parents can submit copies of their identity cards and the newborn's birth certificate to the Lanang MP's Service Centre within 90 days of the baby's birth. 'Under this programme, newborn babies born on or after Sept 16, 2024, with one biological parent registered as a Lanang voter, are eligible for the newborn benefits,' she said. Meanwhile, Lau also presented Minor Rural Project (MRP) funds to 54 organisations. Lau also reminded representatives of organisations that they were required to submit reports after receiving grants and hosting events for transparency and integrity. 'If organisations receive grants but do not submit reports, they will be blacklisted by the relevant authorities. This would result in their next application (of grants) being rejected,' she cautioned. For applications related to dialysis aid, educational aid, death benefits, medical aid, disaster relief, or other welfare assistance, Lau advised the public to visit the Lanang MP's Service Centre at No. 2, Lorong Lanang 82 during office hours. Alice Lau Lanang lead MRP welfare aid
Borneo Post
7 days ago
- Business
- Borneo Post
Dalat a model for rural education success, says Fatimah
Fatimah (centre) presents a financial study aid to a student in Dalat today. DALAT (July 16): Dalat is fast becoming a model of success in Sarawak's rural education efforts, where strategic, data-driven policies are being used to tackle poverty and widen access to higher learning. State Minister for Women, Childhood and Community Wellbeing Development, Dato Sri Fatimah Abdullah, said the Dalat constituency has shown that well-targeted financial aid and strong community involvement can transform lives and strengthen local development. She revealed that Since 2010, the Dalat Education Committee has disbursed RM952,050 in aid, benefitting over 1,800 students pursuing certificate, diploma, degree and other higher education programmes. 'This is not just financial assistance, this is an investment in our children's future and in Dalat's socio-economic development. 'Education is the key to breaking the cycle of poverty, and we must ensure that every child who earns a place at university has the means to go,' she said during the N.56 Dalat Education Committee Assistance Presentation Ceremony at the Dalat Service Centre here today. Fatimah said the aid, drawn from Minor Rural Project (MRP) allocations, aims to reduce the financial burden on families—particularly for upfront costs such as travel, deposits and essential supplies. 'Sometimes students don't even enrol because of financial constraints, even after receiving a university offer. That should never happen,' she said. Looking ahead, Fatimah announced that her ministry will meet this week with the State Development Office (SDO) and local community leaders to verify and update national poverty data under the eKasih system for Dalat. 'This is to ensure that our aid reaches the right people. We don't want outdated or inaccurate data. We'll work with village chiefs and community leaders to clean the list and identify those truly in need,' she said. She noted that this grassroots verification method had been effective in addressing hardcore poverty, and would now be applied to target relative poverty in the district. Fatimah also expressed concern about the rising number of unemployed graduates returning home, saying many had pursued fields that are no longer in demand. To address this mismatch, she said the Sarawak government will begin offering free higher education at state-owned institutions starting in 2026, but only for courses with strong job prospects such as science, technology, engineering, mathematics (STEM), law, and finance. 'Graduates must not only obtain degrees, they must be employable. This is why we are focused on guiding students toward fields with strong job prospects,' she said. She also revealed that her team is working with the Resident's Office to identify unemployed graduates in Dalat, with plans to organise a job fair or training initiatives in collaboration with agencies such as the Social Security organisation (Perkeso). Among the education assistance available is the Sarawak Special Financial Aid of RM1,200 per year disbursed in two instalments via Yayasan Sarawak. Graduates who return to Sarawak after completing their studies are also eligible for a one-off RM300 grant, claimable twice. Fatimah urged all eligible students to apply, while reminding them of the sacrifices made by their families. 'We eat simply so our children can dream big. We hope our students remember this and stay motivated to succeed, not only for themselves but for their families and community,' she said. She reaffirmed her ministry's commitment to ensuring fair access to education and creating meaningful opportunities for rural youth. 'This is a long-term investment in Dalat's future. We want our children to succeed, come back, contribute, and lift their families and our community to greater heights,' she said. Dalat fatimah abdullah rural education
The Hindu
14-07-2025
- Business
- The Hindu
Tasmac increases salaries of workers, penalises those fleecing customers
The Tamil Nadu State Marketing Corporation Limited (Tasmac) has increased the salaries of its shop personnel while also implementing penalties for those who overcharge customers. The board of Tasmac in its 218th meeting held in April had authorised the Managing Director to implement the enhancement of ₹2,000 in the consolidated pay of all shop personnel with effect from April 1, 2025, based on the announcement made by Minister for Electricity, Prohibition & Excise at the Legislative Assembly on April 22. It was decided that an increase of ₹1000 may be given to all supervisors, salesmen, and assistant salesmen on consolidated remuneration, and a further increase of ₹1000 may be given, linking it to performance. Based on this, the performance of shop personnel across all districts was analysed for the financial year 2024-25. A detailed report was prepared based on the inputs received from the senior regional managers, which revealed that 4,467 shop personnel were involved in Maximum Retail Price (MRP) violations. Of this, 4,016 shop personnel were found involved in MRP violations below ₹10, and 451 personnel were involved in MRP violations of above ₹10. The 451 shop personnel include 197 shop supervisors, 234 salesmen and 20 assistant salesmen The board of directors of Tasmac have said: 'The enhanced amount of ₹2000 may be given to all supervisors, salesmen, assistant salesmen, except for those involved in charging ₹10 and more over MRP (451 shop personnel). For those 451 shop personnel who were involved in charging ₹10 and more over MRP, only ₹1,000 may be released as an enhanced amount instead of ₹2000 with effect from 01.04.2025.' A circular sent by S. Visakan, Managing Director of Tasmac to all senior regional managers and district managers mentioned: 'The difference in pay for the month of April 2025, May 2025 and June 2025, may be claimed and be paid immediately within two days in the month of July 2025 itself on receipt of this letter. A Tasmac source said that currently a supervisor's net salary is around ₹12,758, while salesman earn ₹10,716 and assistant salesman makes ₹9,669. With this increase, a supervisor will now get ₹14,518, salesman will earn ₹12,476 and assistant salesman will make around ₹11,429.' As on March 31, 2025, Tamil Nadu had 4,787 retail vending shops of Tasmac. These shops have 6,567 supervisors, 14,636 salesmen and 2,426 assistant salesmen who are working on a contract/consolidated basis.
