Tarun Nangia

Cumulative value of India’s overall exports in April-March 2020-21 estimated at $493.19 billion

April 22, 2021

The Indian Economy has shown significant resilience amidst the global pandemic and trade shock that began to impact the global economy towards the end of 2019-20 and acquired catastrophic proportions in 2020-21. Secretary, Department of Commerce, Government of India Dr Anup Wadhawan today said during the virtual media interaction that...

Need to consider global pact on regulation of food tech: NITI Aayog official

April 21, 2021

Expressing serious concern over the lack of proper global regulation on technologies affecting the food system, India is considering suggesting to the Food and Agriculture Organization of the UN to facilitate discussions on an international protocol or an agreement or a global authority on such technologies. “There are a lot...

India opposes rich world’s efforts to hoard Covid vaccines; seeks support for its proposal at WTO on its efforts to get TRIPS waiver to vaccines

April 21, 2021

India on Friday vehemently opposed ‘vaccine nationalism’ – or the attempts by some developed countries to hoard vaccines and not sharing them or the related Intellectual Property Rights (IPR) with a view to maximise profits from not just COVID-related vaccines, but also from therapeutics and diagnostics. New Delhi also called...

INDIA OPPOSES RICH WORLD’S EFFORTS TO HOARD COVID VACCINES; SEEKS SUPPORT FOR ITS PROPOSAL AT THE WTO ON ITS EFFORTS TO GET TRIPS WAIVER TO COVID VACCINES

April 17, 2021

India on Friday vehemently opposed ‘vaccine nationalism’ — or the attempts by some developed countries to hoard vaccines and not sharing them or the related Intellectual Property Rights (IPR) with a view to maximise profits from not just Covid-related vaccines, but also from therapeutics and diagnostics. New Delhi also called...

Attempts at pushing for a ‘green recovery’ with conditionalities will amount to ‘green colonisation’: India

April 10, 2021

India, a leader of the developing world, on Friday strongly opposed attempts from developed countries to prioritise climate change-related issues at the G20 discussions without a consensus within the influential bloc comprising 20 major global economies. New Delhi described such attempts pushing for a ‘green recovery’ with stringent conditionalities as...

PLI SCHEMES: PRODUCTION IS EXPECTED TO BE OVER $500 BILLION IN 5 YEARS

April 8, 2021

In the Union Budget 2021-22, presented on 1 February 2020, the Finance Minister announced an outlay of Rs 1.97 lakh crore for the Production-Linked Incentive (PLI) Schemes for 13 key sectors, to create national manufacturing champions and generate employment opportunities for the country’s youth. This means that minimum production in...

CENTRE ISSUES ORDINANCE TO INTRODUCE PRE-PACKAGED INSOLVENCY FOR MSMES

April 7, 2021

The IBC Amendment Ordinance has made available pre packaged insolvency process for Micro Small and Medium Enterprises (MSME). There are a little over 6 lakh MSMEs in the country. The IBC Amendment Ordinance 2021 (“Ordinance”) makes available the pre-packaged route to genuine and viable cases, to ensure least business disruption....

Single dedicated cell for logistics in Madhya Pradesh

April 5, 2021

Sanjay Kumar Shukla, Principal Secretary, Industrial Policy, and Investment Promotion at Govt of Madhya Pradesh today said that the state is geographically located at the centre of India and has the potential to emerge as a logistics hub for the country. Shukla said businesses located in any part of India...

Indian exports crossed $34 billion in March 2021

April 2, 2021

India’s merchandise imports in March 2021were USD 48.12billion as compared to USD 31.47 billion in March 2020, anincrease of 52.89%. Merchandise imports during April-March2020-21 were USD 388.92 billion, as compared to USD 474.71billion during the same period of last year, exhibiting a negative growth of 18.07%. India is thus a...

MALVINDER & SHIVINDER SINGH ALLEGEDLY SIPHONED RS 1,500 CRORE FROM RELIGARE

March 31, 2021

Malvinder Singh and Shivinder Singh, erstwhile promoters of Religare, have been accused of siphoning Rs 1544.53 crore from Religare Enterprises Limited (REL). This financial crime was committed by making loans to as many as 18 companies, which were diverted ultimately for the benefit of the Singh brothers. The story of...

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