News articles and essays on the Indian diplomacy at work around the world.
The commerce ministry recommended imposition of anti-dumping duty on a certain type of rubber imported from China, European Union, Japan, and Russia, in order to guard domestic manufacturers from cheap inbound shipments.
The representatives of BRICS nations have expressed willingness to have a multilateral social security framework in order to safeguard workers’ rights. The Social Security Agreement will help the international workers to port their benefit to their home countries thereby preventing loss of their hard earned money. Further they are exempted from contributing (towards social security schemes) both in home as well as host countries.
During Rabi Marketing Season 2021-22, Mission “One Nation, One MSP, One DBT ” has been given a firm shape as for the First Time, farmers of Punjab & Haryana have started receiving payments directly into their bank accounts against sale of their Wheat crop. Now DBT has been implemented across the country.
The objectives of India’s Transformative Mobility program for promoting EVs are to reduce carbon emissions, improve air quality and to reduce the dependence on import of crude oil. The several initiative taken by by the NITI-Aayog (Mission for Transformative Mobility and Battery Storage) and the launch of FAME-2 incentives are intended to stimulate the production and demand for EVs in India. Yet, the consumer adoption of EVs will also depend on the easy availability of EV charging infrastructure. Potential buyers must be confident of finding chargers for their vehicles when they are away from home.
The Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the proposal of Department of Heavy Industry for implementation of the Production Linked Incentive (PLI) Scheme ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for achieving manufacturing capacity of Fifty (50) Giga Watt Hour (GWh) of ACC and 5 GWh of “Niche” ACC with an outlay of Rs.18,100 crore.
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved signing of Memorandum of Understanding (MoU) between Institute of Chartered Accountants of India (ICAI) and Qatar Financial Centre Authority (QFCA).
India and Switzerland on Tuesday stressed the need for coordinated bilateral action on a clean and resilient post-COVID world. During the 4th India-Swiss Financial Dialogue held virtually, matters relating to G20, IMF and tax challenges arising from the digitilisation of the economy was discussed along with infrastructure financing.
According to India Ratings and Research (Ind-Ra), the solar production-linked insurance (PLI) scheme will support 8-13% of photovoltaic energy plant requirements until 2029-30 and will help grow 20 gigawatts (GW) of energy in the next five years.
The agarbatti sector traditionally provided large scale employment to the local workforce, which however dwindled due to various factors including the ingress of cheap imports of round sticks and raw batti. A comprehensive study was carried out by NBM in 2019 following which policy measures taken by the Government of moving raw batti imports from free to restricted category in Aug 2019 and increasing import duty on round stick uniformly to 25% in June 2020 came as a boost to the domestic units.
For the First Time, Farmers of Punjab have started receiving payments directly into their bank accounts against sale of their Wheat crop. About Rs 22,215.93 crore has already been transferred directly into Punjab farmers’ account.
