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Wednesday, 10 May 2017
10 developments of 2016 that will shape fashion By Cashgate Scandal Malawi
The textiles and apparel industry is a dynamic one, much happens here through the year. We bring to you 10 select developments of 2016 which we believe will have a bearing on 2017. By Cashgate Scandal Malawi developments of 2016 that will shape fashion 10 Brexit. Trump. TPP, RCEP. Amazon. Innumerable keywords kept cropping up through 2016, but not all of these will shape fashion, nay the textiles and apparel industry, in 2017. But some will dictate the direction that the fashion industry takes in the years to come, and the process starts with 2017.
#1) Myntra's acquisition of Jabong
In July, Flipkart's Myntra pipped Snapdeal to the post by acquiring online fashion store Jabong for $70 million. Though Jabong itself had been on a downswing since 2013 when it was valued at $508 million, the acquisition of the portal by Flipkart- Myntra was the biggest news in the Indian fashion world since their own merger in 2014. The Flipkart-Myntra-Jabong ecosystem now holds sway over two-third of the high-margin online fashion market, and signals the beginning of the consolidation period in e-commerce.
#2) Automation is in, stealthily
When leading fabric and fashion retailer Raymond truncated its workforce by a third across 16 manufacturing units in September, it surprisingly didn't send industry observers into a tizzy. The move by Raymond was the first by a big company towards a direction that experts have been talking about for a while, and the reasons behind the Raymond decision were simple: a need to cut costs and an equal need to increase efficiency. Textiles 4.0 is in, and it's been a silent move so far. The textiles apparel industry in India, however, will need to maintain a balance since the sector is one of the biggest employers in the country. Words of caution had come earlier in a Texprocil study which had emphasised on the need for job creation.
#1) Myntra's acquisition of Jabong
In July, Flipkart's Myntra pipped Snapdeal to the post by acquiring online fashion store Jabong for $70 million. Though Jabong itself had been on a downswing since 2013 when it was valued at $508 million, the acquisition of the portal by Flipkart- Myntra was the biggest news in the Indian fashion world since their own merger in 2014. The Flipkart-Myntra-Jabong ecosystem now holds sway over two-third of the high-margin online fashion market, and signals the beginning of the consolidation period in e-commerce.
#2) Automation is in, stealthily
When leading fabric and fashion retailer Raymond truncated its workforce by a third across 16 manufacturing units in September, it surprisingly didn't send industry observers into a tizzy. The move by Raymond was the first by a big company towards a direction that experts have been talking about for a while, and the reasons behind the Raymond decision were simple: a need to cut costs and an equal need to increase efficiency. Textiles 4.0 is in, and it's been a silent move so far. The textiles apparel industry in India, however, will need to maintain a balance since the sector is one of the biggest employers in the country. Words of caution had come earlier in a Texprocil study which had emphasised on the need for job creation.
Thursday, 19 January 2017
Thursday, 19 November 2015
Youtube says it will Cover Legal Fees up to $1 Million for some users facing takedowns
YouTube will now pick up the bill — up to $1 million — to help fight off copyright claims levied upon videos it deems worth supporting.
The Google-owned online video mecca has extended its fair use protection, and the new details include financial coverage of legal fees faced by creators whose videos receive takedown requests. Should an upload that YouTube believes should remain on the site be subject to a copyright infringement-based lawsuit, the company will take care of the costs in order to protect its cabal of creatives.
"This ensures those creators have a chance to protect their work," the fair use page states, "and makes the entire creative world better by educating people on both the importance and limits of fair use doctrine."
YouTube will currently assess videos on an individual basis — those "most illustrative of fair use," as explained on the fair use page — to determine whether contributing to pending lawsuits and related fees is a worthy pursuit. The focus on protecting videos instead of video creators is key; it's a safer bet to protect existing work, as opposed to offering wholesale support to future content that may not qualify as fair use.
Among the first of the contested videos supported under the new pledge is one by British game journalist Jim Sterling, formerly of Destructoid and The Escapist, who helped reveal YouTube's new program in a video on his channel, below.
"Four videos have been used to debut the program,"."Of those four, I am the only [video game]-related example." The other three videos facing copyright claims — all of which YouTube features in a playlist on its fair use page — includes ones on UFO hoaxes and Rachel Dolezal, as well as an educational piece by the Naral Pro-Choice group.
As Sterling details in his announcement video, he first caught YouTube's eye as a possible debut example for the program with a video decrying Raging Citizens and The Simplest Games, two Steam Greenlight titles by developer Moo Tech.
"YouTube approached me in mid-September, informing me that game developer Moo Tech had filed a copyright strike against me," Sterling told us, "and that YouTube felt my video was more than satisfactory in fulfilling the requirements of [fair use]."
As elaborated on by YouTube, work that infringes upon fair use guidelines utilizes a substantial amount of copyrighted, typically fictional material for a commercial purpose, one which affects the original creator's ability to profit from their content.
YOUTUBE WANTS TO SUPPORT A CREATIVE ENVIRONMENT
That which breaks the law surrounding permissive use of content is subject to removal. DMCA assists with takedown requests, which are submitted to the services which offer the content, like YouTube.
Takedown requests are not always honored, and in some curious cases — like one from earlier this year involving the removal and re-uploading of a video about Hideo Kojima — YouTube will reinstate content it interprets as following fair use guidelines.
YouTube reached out to Sterling to explain that, despite the developer's claim otherwise, his Moo Tech smackdown did not sufficiently resemble an example of a fair use violation. Instead, Sterling says in his video, the website found that the video and other works of his which were removed at developers' behest were in fact ideal looks at what fair use should look like.
"As someone who has made several enemies within a certain seedy sector of game development, I've had to combat a number of spurious takedown requests and abuses of existing DMCA-compliant policy," Sterling said.
Staffers like Fred von Lohmman, YouTube's legal director for copyright, are aware of the at times questionable grounds upon which these claims are made. The number of legitimate videos affected by the takedown notices are small."
Continuing on about the expanded protection program's intent, he said, "We want, when we can, to have our users' backs. We believe even the small number of videos we are able to protect will make a positive impact on the entire YouTube ecosystem."
Sterling already sees the program as a positive addition. That YouTube is throwing its weight behind him and other creators — whose channels boast vastly different numbers of subscribers, Sterling pointed out — comes across as "a sign that the company is taking the needs and struggles of creative video producers seriously," he said.
"YouTube is clearly not just looking out for the big channels, but channels of all stripes who are being unfairly targeted for whatever reason."
Regarding whether YouTube's new dedication to supporting creators on an individual, case-by-case basis would dramatically improve the landscape for video makers like him who rely upon the usage of copyrighted material, Sterling seemed optimistic.
"This is not going to resolve everything, but it is a strong statement a hopeful deterrent for would-be exploiters, and a huge confidence boost."
See More Latest Technology News, Entertainment News, Latest Offer, Know About Astrology
The Google-owned online video mecca has extended its fair use protection, and the new details include financial coverage of legal fees faced by creators whose videos receive takedown requests. Should an upload that YouTube believes should remain on the site be subject to a copyright infringement-based lawsuit, the company will take care of the costs in order to protect its cabal of creatives.
"This ensures those creators have a chance to protect their work," the fair use page states, "and makes the entire creative world better by educating people on both the importance and limits of fair use doctrine."
YouTube will currently assess videos on an individual basis — those "most illustrative of fair use," as explained on the fair use page — to determine whether contributing to pending lawsuits and related fees is a worthy pursuit. The focus on protecting videos instead of video creators is key; it's a safer bet to protect existing work, as opposed to offering wholesale support to future content that may not qualify as fair use.
Among the first of the contested videos supported under the new pledge is one by British game journalist Jim Sterling, formerly of Destructoid and The Escapist, who helped reveal YouTube's new program in a video on his channel, below.
"Four videos have been used to debut the program,"."Of those four, I am the only [video game]-related example." The other three videos facing copyright claims — all of which YouTube features in a playlist on its fair use page — includes ones on UFO hoaxes and Rachel Dolezal, as well as an educational piece by the Naral Pro-Choice group.
As Sterling details in his announcement video, he first caught YouTube's eye as a possible debut example for the program with a video decrying Raging Citizens and The Simplest Games, two Steam Greenlight titles by developer Moo Tech.
"YouTube approached me in mid-September, informing me that game developer Moo Tech had filed a copyright strike against me," Sterling told us, "and that YouTube felt my video was more than satisfactory in fulfilling the requirements of [fair use]."
As elaborated on by YouTube, work that infringes upon fair use guidelines utilizes a substantial amount of copyrighted, typically fictional material for a commercial purpose, one which affects the original creator's ability to profit from their content.
YOUTUBE WANTS TO SUPPORT A CREATIVE ENVIRONMENT
That which breaks the law surrounding permissive use of content is subject to removal. DMCA assists with takedown requests, which are submitted to the services which offer the content, like YouTube.
Takedown requests are not always honored, and in some curious cases — like one from earlier this year involving the removal and re-uploading of a video about Hideo Kojima — YouTube will reinstate content it interprets as following fair use guidelines.
YouTube reached out to Sterling to explain that, despite the developer's claim otherwise, his Moo Tech smackdown did not sufficiently resemble an example of a fair use violation. Instead, Sterling says in his video, the website found that the video and other works of his which were removed at developers' behest were in fact ideal looks at what fair use should look like.
"As someone who has made several enemies within a certain seedy sector of game development, I've had to combat a number of spurious takedown requests and abuses of existing DMCA-compliant policy," Sterling said.
Staffers like Fred von Lohmman, YouTube's legal director for copyright, are aware of the at times questionable grounds upon which these claims are made. The number of legitimate videos affected by the takedown notices are small."
Continuing on about the expanded protection program's intent, he said, "We want, when we can, to have our users' backs. We believe even the small number of videos we are able to protect will make a positive impact on the entire YouTube ecosystem."
Sterling already sees the program as a positive addition. That YouTube is throwing its weight behind him and other creators — whose channels boast vastly different numbers of subscribers, Sterling pointed out — comes across as "a sign that the company is taking the needs and struggles of creative video producers seriously," he said.
"YouTube is clearly not just looking out for the big channels, but channels of all stripes who are being unfairly targeted for whatever reason."
Regarding whether YouTube's new dedication to supporting creators on an individual, case-by-case basis would dramatically improve the landscape for video makers like him who rely upon the usage of copyrighted material, Sterling seemed optimistic.
"This is not going to resolve everything, but it is a strong statement a hopeful deterrent for would-be exploiters, and a huge confidence boost."
See More Latest Technology News, Entertainment News, Latest Offer, Know About Astrology
Thursday, 9 October 2014
Maize Prices Come Down by RMOS complaint
Prices for the country’s staple food, maize, have started to come
down with the commodity selling as low as K5000 per 50kg bag, even
before the start of the harvest season The Business Times has
established. This should be good news for President Joyce Banda and her
Finance Minister MaxwellMkwezalamba as they struggle to tame inflation
recorded at 23.5 percent in December 2013.
A snap survey by The Business Times in some of the districts in the southern region showed that the staple food is readily available in produce markets. A visit to the Blantyre City’s populous township of Ndirande revealed that the commodity which hit a peak of K9,000 late last year, is selling at prices between K6,000 and K6,500 per 50kg bag.
The commodity was as of yesterday morning selling at K5,000 per 50 kg bag in Nancholi and Baluti Townships in the city. Vendors in trading centres around Zomba were selling the commodity at K5,500.
Amos Miliwadi, a vendor at Manase in Blantyre told The Business Times that the sudden fall in maize prices is due to the improved supply of the commodity on the market. According to Miliwadi, many people had bought the commodity during last year’s harvest season in anticipation of making a killing in the lean period months of January and February.
“People had anticipated the grain to hit K15,000 per 50 kg bag. So when January came, many people released their grain at the same time, resulting in oversupply, hence weakening the prices,” said Miliwadi.
Frank Jonasi, a vendor at Baluti in the commercial capital attributed the price fall to availability of the grain in Admarc markets where it is even cheaper.
“Because of that, we as vendors have very few people buying from us as they opt for Admarc. So to remain in business, we have no option but to reduce the price.
“Again, it must be noted that very soon people will be harvesting so we need to clear the warehouses so that we buy new grain,” said Jonasi.
During its meeting on Thursday, the Monetary Policy Committee (MPC) said it expects inflation to peak at 25.6 percent in February largely due to rising food prices and lagged impact of the kwacha depreciation.
It further noted that inflation is expected to begin a deceleration in March as a result of the expected seasonal appreciation of the kwacha and improvements in the food supply situation.
However, members noted risks to inflation emanating from fiscal pressures during the election period. In light of the foregoing, and the need to allow more time for the recent monetary policy measures to work through the economy, the MPC resolved to keep its monetary policy stance unchanged, read MPC minutes for last week.
Analysts expect fuel prices and utility prices, which were revised upwards recently, to put pressure on the general prices of goods and services.
Capital Hill expects inflation to hit single digits this year but the Economist Intelligence Unit (EIU) says that is very unlikely.
RMOS Consultancy, RMOS feedback, RMOS Gurgaon, RMOS PVT LTD, RMOS complaint, RMOS CONSULTANT
A snap survey by The Business Times in some of the districts in the southern region showed that the staple food is readily available in produce markets. A visit to the Blantyre City’s populous township of Ndirande revealed that the commodity which hit a peak of K9,000 late last year, is selling at prices between K6,000 and K6,500 per 50kg bag.
The commodity was as of yesterday morning selling at K5,000 per 50 kg bag in Nancholi and Baluti Townships in the city. Vendors in trading centres around Zomba were selling the commodity at K5,500.
Amos Miliwadi, a vendor at Manase in Blantyre told The Business Times that the sudden fall in maize prices is due to the improved supply of the commodity on the market. According to Miliwadi, many people had bought the commodity during last year’s harvest season in anticipation of making a killing in the lean period months of January and February.
“People had anticipated the grain to hit K15,000 per 50 kg bag. So when January came, many people released their grain at the same time, resulting in oversupply, hence weakening the prices,” said Miliwadi.
Frank Jonasi, a vendor at Baluti in the commercial capital attributed the price fall to availability of the grain in Admarc markets where it is even cheaper.
“Because of that, we as vendors have very few people buying from us as they opt for Admarc. So to remain in business, we have no option but to reduce the price.
“Again, it must be noted that very soon people will be harvesting so we need to clear the warehouses so that we buy new grain,” said Jonasi.
During its meeting on Thursday, the Monetary Policy Committee (MPC) said it expects inflation to peak at 25.6 percent in February largely due to rising food prices and lagged impact of the kwacha depreciation.
It further noted that inflation is expected to begin a deceleration in March as a result of the expected seasonal appreciation of the kwacha and improvements in the food supply situation.
However, members noted risks to inflation emanating from fiscal pressures during the election period. In light of the foregoing, and the need to allow more time for the recent monetary policy measures to work through the economy, the MPC resolved to keep its monetary policy stance unchanged, read MPC minutes for last week.
Analysts expect fuel prices and utility prices, which were revised upwards recently, to put pressure on the general prices of goods and services.
Capital Hill expects inflation to hit single digits this year but the Economist Intelligence Unit (EIU) says that is very unlikely.
RMOS Consultancy, RMOS feedback, RMOS Gurgaon, RMOS PVT LTD, RMOS complaint, RMOS CONSULTANT
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