Welcoming the Union Finance Minister Arun Jaitley’s announcement about proposed amendment to the Prize Chits and Money Circulation Scheme (Banning) Act, 1978, direct selling company QNET lauded the forthcoming clarifications and called for setting up a regulator to monitor the business.
Jaitley said in his budget speech: “As part of the legislative initiatives under financial sector reforms, it is proposed to bridge the regulatory gap under the Prize Chits and Money Circulation Scheme (Banning) Act, 1978.”
“This step is expected to facilitate effective regulation of companies and entities which have duped a large number of poor and vulnerable people in this country,” Jaitey said.
Appreciating the initiative Zaheer Merchant of QNET’s Corporate Affairs, said that the direct selling business, unfortunately, was being clubbed under the Prize Chits Act due to certain misconceptions.
“The amended Act will hopefully take care of this, clarify the differences and encourage genuine direct selling as opposed to other forms of schemes,” Mr Merchant said.
Direct selling, he said, generates employment, encourages self employment, cuts down marketing and promotional expenses, apart from contributing to the exchequer. The need of the hour, therefore, is to formulate clear cut laws to govern the MLM and direct selling industry in India.
Merchant pointed out that other fast growing economies such as
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QNET Supports Globby E-Commerce Platform in Singapore
by Nicole Dunkley • • 0 Comments
Singapore recently hosted a presentation of a new E-Commerce Service. Globby E-Commerce Platform is designed to support small business development in Southeast Asia.
QNET International welcomes the development of electronic commerce in Asia, as the company’s management believes that the development of the e-commerce market is crucial for future growth.
QNET is constantly improving its own products as well as delivery methods to the end user.
The greater number of companies that create an opportunity to promote their products through eCommerce, the greater the number of people in the world get to choose for themselves exactly the way they’d like to purchase goods.
This type of trade is beneficial as the producer has an opportunity to reduce the budgetary output costs and and the consumer has the opportunity to reduce costs pertaining to the acquisition of goods.
QNET supports eCommerce development in many countries. In early February of this year, the Company became a member of The QNET E-Commerce Association in the Philippines. This non-profit partnership engages in increasing the competitiveness of Philippine business in the global market. It brings together the leading players in the electronic market of this country.
Joachim Steffen, regional director of QNET in the Commonwealth of Independent States (CIS) and Europe,
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QNET Introduces Total Home Care Solution
by Ted Nuyten • • 0 Comments
With the rise of airborne and water-borne diseases, it is imperative for parents to take extra care and protection in ensuring that their kids live in a safe and clean home.
Global climate change, including rising temperatures, worsening ozone levels in urban areas and expansion of the range of communicable diseases as the planet heats up increases the incidences of asthma, allergies, infectious and cardiovascular diseases worldwide. According to the World Health Organization, preventive health care is a must.
Prominent direct-selling company QNET has come up with a total home care solution to make sure the air that your family breathes is pure, clean and fresh and the water that you and your family drinks has been purified, alkalised and energized, and your home is spotless clean. QNET’s latest range of Home Care products provide a hygienic, healthy home environment for the whole family which includes:
Pure, Clean Air with AirPure2 – a brand new air purification system
The new and improved AirPure2 is a better, upgraded version of the original product. The 4-stage air purification system allows for you to inhale 99.97% pure and energised air.
A new innovation in air purification from Switzerland, the AirPure2 consists of a pre-filter coated with SilverSan® to effectively