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Things are finally shaping up for Bangalore, with the Centre unveiling its 24/7 plan retail therapy plan. This means that all public amusement establishments with a minimum of 10 employees, including restaurants, local markets, shopping malls and movie theatres will operate 24/7. The discretion of implementing this act however resides with the state government. These recent announcements, coupled with high private equity inflows into retail real estate, look very promising. The retail sector accounts for about 15 per cent of country’s GDP and this is expected to increases further with round-the-clock operations. The government announced reforms to loosen restrictions on inbound investments in retail a few days ago.
Vishal Mirchandani, CEO, Commercial and Retail of Brigade enterprises Ltd. which owns Orion mall at Brigade Gateway in Rajajinagar and Orion East in Banaswadi said, “It is heartening to see the government recognizing our sector as one the driving sectors for the economy. But here we need to see how many state governments will implement this. Bangalore is a vibrant leisure hub, but I’m not sure how many will like to shop here late at night. It some categories like restaurants, cinemas, etc. it may work.”
Experts believe that most commercial establishments in the city would welcome the move and easily be able to work out the logistics to make arrangements for a 24/7 module. Though the retailers may need some convincing, as a greater number of working hours would elevate their electricity bill, if they align, it won’t be a bad bargain. Experts also believe that the model would boost employment in the city and at the same time boost revenue, as the city is a major transit point for tourists and the model will attract them , adding to the revenue already generated by tourism.
Suresh Hari, Secretary, CREDAI, Bangalore said, “In the short term, the gain will be minimal. As the act becomes practical and implemented properly, more and more newer development will take place. Essentials will be best beneficiary apart from eateries.”
When asked if it would help employment, he said, “Certainly, and the earning with be much more than during regular hours.”
He added, “The model will kick start other activities. Many who cannot visit malls during day time due to work pressure will prefer accessing places during late hours. This will give more relief to traffic congestion. Office and work related activity will have much relief and will de-congest road. Better infrastructure usage and deployment of excess installed infrastructure will be the order. In fact it will open up a newer business models.”
Vyshak Simha, Marketing Manager, IDE Consulting Services said, “Once the 24/7 model is implemented, offline retailers operating in those states will stand to benefit hugely as the act puts them on a level playing field with online retailers who operate round the clock. This will also intensify competition between physical and virtual players, but benefit consumers and the labour workforce.”
He added, “The act will definitely increase employment in all sectors. More workers would be needed to manage the outlets and perform night shifts. It is a welcome move for the city because already a major chunk of its population works around the clock and this step will help them plan their leisure better. It might also reduce the traffic burden on weekdays. As per employment, if employers incentivize employees working evening shifts, it will be a great success.”
Regarding issues of security needed to be taken up by malls, he said, “This is absolutely important and a clear necessity. Cost addition is certain, but the benefit of such operation will override the cost issue.”
Currently, the first day first show is traditionally around 10.30 am in cinemas. However, at some single screen cinemas, big films get unofficial midnight releases. With the centre proposing 24/7 shows, the audience feels the new releases can be launched in a midnight show.
Seasoned restaurateur Shiv Karan Singh has given Delhi yet another reason to head out and have a “jolly” time at his new venture – “CIRCUS”. The all day diner and alfresco bar, with its unique location overlooking the heart of the city was honoured with the Best Newly Launched Concept & Best Skybar/ Rooftop for the Year 2016 Awards at the Elite Nightlife Awards hosted by Elite Delhi Magazine.
Speaking at the occasion Shivkaran Singh, “Team CIRCUS is honoured and humbled by the recognition and trust we have earned in the minds of our patrons. It is indeed a boost to all of us and drives us to reach greater heights.” He further added, “At CIRCUS, fun is the agenda, be it in décor or food styling. When here, diners can shed all inhibitions and dine at ease, evoking childhood memories and creating a memorable experience. The restaurant is unified in its promise of delivering the finest ingredients, the most inspired dishes and exemplary service while offering spectacular views over the city.”
Vibha in association with Inorbit Mall organizes a run for a cause
26th July, Bangalore – Vibha, a social venture capitalist and a volunteer driven organisation which strives to impact the lives of underprivileged children and ensure that they attain their right to health, education and opportunity, is organising a run called Dream Mile 2016 in association with Inorbit Mall, Whitefield, Marriott, Whitefield, Fairfield Marriott & Courtyard Marriott, Outer Ring Road and F45 Training. Vibha and Inorbit Mall jointly invite you to be a part of Inorbit Dream Mile to be held on Sunday, 7th August 2016. Let’s run together to change the lives of under privileged children and make their wishes come true!
The Dream Mile is the flagship event of Vibha and the funds raised would be utilised to better the lives of underprivileged children. It has come a long way since its inception in 1998. Flagging off as a run by a small group of Vibha volunteers in North America, it has steadily grown across countries and earned a place on runner’s calendars. Known as one of the well-organised runs, the steep increase in the number of participants over past four years in Bengaluru shows that the event is embraced and supported by the people.
Inorbit Dream Mile 2016 by Vibha will be held on Sunday, 7th August 2016 and has the following categories:
|Half Marathon (21K) RUN||5:30 AM||₹1000|
|10K RUN||6:30 AM||₹750|
|5K RUN||6:45 AM||₹500|
|2K RUN/ WALK||7:30 AM||Free of Cost|
|CORPORATE RELAY||6:45 AM||₹3000|
|FAMILY RUN||6:45 AM||₹800|
Register now on- http://thedreammile.org/bangalore or give a call on +91-7411942573/ 9538631657/ 9538631767
Online registration will close at 11:59 PM on Sunday, 30th July 2016 while spot registrations will start at 5:00am and will be closed 30 minutes before respective runs.
Wait no more! Pull on your running gears
Date: 7th August, 2016
Time: 5:30 am onwards
Venue: Inorbit Mall, EPIP Area, Whitefield
For any further details please contact: 080 67280000
Date: July 31st, 2016 (Sunday)
Time: 4:00pm- 6:00pm
Venue: Heart Cup Coffee
Plot no.1179, Road Number 45,
Masthan Nagar, Nandagiri Hills,
Jubilee Hills, Hyderabad,
Hyderabad, 22ndJuly, 2016:ITC Limited today reinforced its commitment towards the enrichment of environmental resources by planting saplings at its Integrated Consumer Goods Manufacturing and Logistics (ICML) facility in Telangana, as part of the State Government’s ‘Haritha Haram’ initiative.
Sri K. Taraka Rama Rao,Hon’ble Minister of Information Technology, Industries & Commerce, Municipal Administration & Urban Development, Mines & Geology, Public Enterprises & NRI Affairs, Governmentof Telanganawas the Chief Guest and planted saplings at the ITC – ICML site. Among the other dignitaries present at the event were Sri Arvind Kumar, IAS, Principal Secretary to Government, Industries & Commerce, Mines & Geology and Energy, Government of Telangana; SriK Manicka Raj, IAS, Commissioner of Industries, Government of Telangana; Sri E V Narasimha Reddy, Vice Chairman & Managing Director, TSIIC, Government of Telangana; Sri Chitranjan Dar, Group Head of Projects, R&D, Environment Health & Safety, ITC Limited.
On July 11th 2016, ITC’s Paperboards and Specialty Papers Division (ITC PSPD)partnered with Telangana Government in their mega plantation drive by planting 8.5 lakhs saplings. As part of the initiative, ITC will also share GPS coordinates of the aforesaid plantations, as well as ensure maintenance of these plants for the next three years.
Speaking on the occasion, Sri Chitranjan Dar, Group Head of Projects, Research & Development, Environment Health & Safety, ITC Limited,said, “ITC’s state-of-the-art consumer goods manufacturing facility in Telangana, which is under construction, is a landmark projectandwill make a meaningful contribution to the State’s economic landscape. We, at ITC, are very delighted that Sri K. Taraka Rama Raohas encouraged us by visiting our project siteand has planted saplings as part of Telangana’sHaritha Haram initiative. We would like to laud the Telangana Government on their Haritha Haram initiative and wish it achieves greater heights and success to make the State greener and healthier.ITC’s sustainability philosophy is also aligned to the same objective.”
For over a decade, ITC Limited has remained at the forefront of Sustainability performance by adopting innovative models that contribute significantly and meaningfully to the creation of environmental and social capital. It is the only Company in the world of comparable dimensions to have remained Carbon, Water and Solid Waste Recycling Positive. This performance is the result of a larger vision to contribute to the Triple Bottom Line objectives of building economic, environmental and social capital.
ITC’s large scale Social and Farm Forestry has also helped in the greening of more than 2,25,000 hectares and has created more than 100 million person days of employment.This initiative is a flagship example of an innovative model crafted by ITC to make a meaningful contribution to social and environmental wealth creation. On one hand, this initiative provides sustainable livelihood opportunities by enabling marginal farmers and tribal to convert their rural wastelands into pulpwood plantations. On the other hand, these plantations have played a major role in maintaining ITC’s carbon positive status for the past 11 years through large scale carbon sequestration. Over 5122 Kilotonnes of CO2 were sequestered in 2015-16 alone.
Bengaluru July, 2016: Trio World Academy’s ICSE wing recently inducted the first batch of Student Council Office Bearers for the year of 2016-2017. It was a red letter day for the school as it witnessed the induction of the students.
Trio World Academy is always keen on inculcating the qualities of responsibility and discipline in their young leaders. In order to bring in the spirit and the relevance of the event, the school had invited Senior Air Force officer Wg Cdr KNS Srinavas Rao from AFTC, Bangalore.
Presiding over the event, he distributed batches to the torch bearers of the current year. He also spoke about how life’s path starts from such events and how one needs to shoulder responsibilities. He also congratulated the other students who stood for the elections and how opportunities come again to become leaders. He ended his speech with a quote by Dr Kalam- Dream, Dream is everything!