ITV

Tag: Mayor

  • Muthoot Finance announces collaboration with FICCI

    Muthoot Finance announces collaboration with FICCI

    Mumbai: Muthoot Finance Ltd., India’s leading gold loan provider announced the inaugural Corporate Sports Championship Kochi 2023, in collaboration with the Federation of Indian Chambers of Commerce & Industry (FICCI). This exciting event aims to bring together over 20 leading corporate firms from Kochi and its surrounding areas.

    While sports have a blend of values that reflects on our day-to-day life, it also enables an individual to build strong relationships in a workplace among colleagues. Participating in sports cultivates discipline, enhances workplace bonds, and sharpens essential skills. On similar lines, the Corporate Sports Championship Kochi 2023 targets to foster sportsmanship and camaraderie among participants, promoting a vibrant corporate sporting culture. The opening, held on 13 October 2023, at Abad Plaza, MG Road, Cochin, featured the logo unveiling. The event was graced by chief guest Shri. Hibi Eden, MP Ernakulam, Key note address Adv M. AnilKumar, Mayor, Kochi Municipal Corporation and Shri. George M. Jacob, Deputy Managing Director, Muthoot Finance and Shri. Savio Mathew, Head FICCI Kerala State Council.

    Some of the key corporates like EY, FCI OEN Connectors Ltd., Geojit Financial Services Ltd., KIMSHEALTH Trivandrum, Lulu Group, Muthoot Finance, Muthoot Microfin Ltd, Olam Food Ingredients India Private Limited, Pothys Retail PVT LTD, SFO TECHNOLOGIES PRIVATE LIMITED (NEST GROUP), TCS, V-Guard Industries Ltd, Baker Hughes, Bhima Jewels Pvt Ltd, UST GLOBALS, and DP World will engage in spirited competitions like Cricket, Football and Badminton.

    During the inauguration ceremony, lot draws where conducted to determine the match fixtures for the sports events. Subsequent matches will be held on Saturdays and Sundays over the following weekends, promising thrilling action and intense competition. The prize money for winners under Football and Cricket is Rs. 50,000. The runner up will get Rs.20,000. The winners and runner ups for Badminton will receive Rs.5000 and Rs.2500 respectively. The total prize money offered for the championship will be Rs. 1,77,500.

    As part of this inauguration ceremony, Muthoot Finance deputy managing director George M. Jacob said, “We are thrilled to join hands with FICCI to bring the Corporate Sports Championship to Kochi. This event underlines the significance of physical fitness, teamwork, and the valuable lessons sports offer about training, goal-setting, overcoming setbacks, and achieving success. It also provides an excellent platform for networking and fostering corporate relationships in a sporting environment. We look forward to an exciting and successful championship. May the best sportsperson win”.

    Speaking at the event, Ernakulam MP chief guest Hibi Eden said, “It gives me immense pleasure to witness industry players like Muthoot Finance and FICCI uniting to bring the Corporate Sports Championship to Kochi. Sports have the power to unite, inspire, and build bonds. It’s a pleasure to be a part of an event that promotes sportsmanship and unity in the corporate world.”

    “As we come together for the Corporate Sports Championship 2023, I’m honored to be a part of Muthoot Finance and FICCI in our mission to build unity and sportsmanship within the corporate fabric of Kochi. Let us not only compete but also collaborate to foster a vibrant sporting culture in our city,” said Kochi Municipal Corporation adv M. AnilKumar.

    FICCI Kerala State Corporate head Savio Mathew stated, “The collaboration between Muthoot Finance and FICCI reflects our commitment to cultivate a flourishing and well-balanced corporate community, prioritizing the physical and emotional well-being of India Inc. We’re excited to be a part of this transformative journey, enriching the corporate landscape in Kochi and emphasizing the pivotal role of sports in our corporate culture.”

  • Kochi Cable TV Operators protest levy of Rs ten per connection as entertainment tax by local corporation

    Kochi Cable TV Operators protest levy of Rs ten per connection as entertainment tax by local corporation

    New Delhi: Over 500 cable operators including some multi system operators in Kochi today demanded the scrapping of the entertainment tax on cable connections, insisting that they were providing an essential service to the consumer. Led by the Kochi Cable TV Operators Association, the protesters who marched to the office of the Kochi Municipal Corporation presented a memorandum to both the Mayor and the Deputy Mayor. Describing it as a draconian move, the memorandum on behalf of two associations says that the local cable operators are already burdened with a lot of taxes, and that the consumer will refuse to reimburse the tax

    An LCO told indiantelevision.com that they had demanded a complete scrapping of the Rs ten per connection levied upon them. The levy had been imposed by the corporation in its budget last month. The budget proposed to generate Rs. 2 crore by collecting entertainment tax of Rs 10 for each connection from cable TV operators.

    A delegation of Cable TV Operators Association met Chief Minister Oommen Chandy and Minister for Urban Affairs Manjalamkuzhi earlier this week with a petition seeking their intervention to persuade the local body to drop the plan.The Kerala Cable TV Federation also submitted a memorandum to the Mayor, Deputy Mayor and Opposition leader with a similar demand.

    The Federation State president E. Jayadevan said since almost all households in the Kochi Corporation have a cable TV connection, the move to collect entertainment tax is just a ploy by the corporation to tax every household albeit indirectly through cable TV operators.

    “The high cable TV penetration in the state is owing to the reasonable prices charged by small and medium operators. The taxation move will force us to hike the rent, thus distancing subscribers from us leaving the field wide open for direct-to-home operators, who are out of this tax net,” he said.

    The Federation said the tax may even force many subscribers to turn to direct-to-home operators and affect the LCOs business. Furthermore, other local bodies would also be tempted to follow suit.

  • Kochi Cable TV Operators protest levy of Rs ten per connection as entertainment tax by local corporation

    Kochi Cable TV Operators protest levy of Rs ten per connection as entertainment tax by local corporation

    New Delhi: Over 500 cable operators including some multi system operators in Kochi today demanded the scrapping of the entertainment tax on cable connections, insisting that they were providing an essential service to the consumer. Led by the Kochi Cable TV Operators Association, the protesters who marched to the office of the Kochi Municipal Corporation presented a memorandum to both the Mayor and the Deputy Mayor. Describing it as a draconian move, the memorandum on behalf of two associations says that the local cable operators are already burdened with a lot of taxes, and that the consumer will refuse to reimburse the tax

    An LCO told indiantelevision.com that they had demanded a complete scrapping of the Rs ten per connection levied upon them. The levy had been imposed by the corporation in its budget last month. The budget proposed to generate Rs. 2 crore by collecting entertainment tax of Rs 10 for each connection from cable TV operators.

    A delegation of Cable TV Operators Association met Chief Minister Oommen Chandy and Minister for Urban Affairs Manjalamkuzhi earlier this week with a petition seeking their intervention to persuade the local body to drop the plan.The Kerala Cable TV Federation also submitted a memorandum to the Mayor, Deputy Mayor and Opposition leader with a similar demand.

    The Federation State president E. Jayadevan said since almost all households in the Kochi Corporation have a cable TV connection, the move to collect entertainment tax is just a ploy by the corporation to tax every household albeit indirectly through cable TV operators.

    “The high cable TV penetration in the state is owing to the reasonable prices charged by small and medium operators. The taxation move will force us to hike the rent, thus distancing subscribers from us leaving the field wide open for direct-to-home operators, who are out of this tax net,” he said.

    The Federation said the tax may even force many subscribers to turn to direct-to-home operators and affect the LCOs business. Furthermore, other local bodies would also be tempted to follow suit.