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Nashik: Environmentalists have united to take a stand against the large-scale tree felling currently being carried out across the city by the Nashik Municipal Corporation (NMC) under the pretext of preparations for the Simhastha Kumbh Mela. Allegations are mounting that centuries-old trees, particularly environmentally significant Banyan trees and other heritage trees, are being cut down indiscriminately. Consequently, efforts are now underway to secure a permanent stay on these activities. Acc ...Read More >
Commerce Minister Piyush Goyal and his Chinese counterpart, Wang Wentao, have met on the sidelines of a WTO event India and China have held talks aimed at expanding bilateral trade, on the sidelines of the World Trade Organization's ministerial conference, Commerce Minister Piyush Goyal has said. The talks between Commerce Minister Piyush Goyal and his Chinese counterpart, Wang Wentao, come amid a thaw in trade tensions "Met Mr. Wang Wentao, Minister of Commerce of China, on the sidelines of ...Read More >
NEW DELHI: CII has released a 20-point plan to help shield Indian companies grappling with the impact of the West Asia crisis, including tax and duty rejig for energy inputs, customs waiver for LNG, and long-term capital gains tax exemption for primary market investment to boost foreign capital inflows.Drawing upon the Covid-era toolkit, the industry body has demanded a credit line scheme guaranteed by govt, a three month loan moratorium and a special refinance window for MSMEs and other sectors ...Read More >
The CII proposes a 20‑point policy roadmap to address the spillover effects of the US‑Iran war on the Indian economy. Supply-side pressures arising from the West Asia war continue to persist, and businesses need targeted liquidity support, industry lobby group Confederation of Indian Industry (CII) said on Sunday. The next phase of policy response needs to focus on targeted liquidity support, credit facilitation, trade cost management and foreign exchange stability, it said in a statement o ...Read More >
New Delhi: Leading industry body CII on Sunday outlined a 20-point agenda to mitigate the impact of the West Asia crisis, calling for measures including a temporary exemption from long-term capital gains tax for foreign investors in the primary market, the introduction of a time-bound conflict-linked emergency credit line guarantee scheme (CL-ECLGS) and a three-month moratorium and restructuring window for MSMEs. The CII has also proposed that priority sector lending (PSL) norms may be revisite ...Read More >
New Delhi, Apr 5 (PTI) Industry lobby CII on Sunday outlined a 20-point agenda to mitigate the impact of the West Asia crisis, calling for measures including a temporary exemption from long-term capital gains tax for foreign investors in the primary market, the introduction of a time-bound Conflict-Linked Emergency Credit Line Guarantee Scheme and a three-month moratorium and restructuring window for MSMEs. CII proposed that priority sector lending (PSL) norms may be revisited to enable banks t ...Read More >
NEW DELHI: The next six weeks could see at least three of the trade deals finalised by India -- with Oman, the UK and New Zealand -- being operationalised, even as it seeks to ensure a preferential duty advantage in the US, once Washington finalises its strategy after the Supreme Court setback on reciprocal tariffs.Commerce and industry minister Piyush Goyal told reporters that India and New Zealand are looking to sign the free trade agreement (FTA) in the fourth week of April, while talks are u ...Read More >
New Delhi: India is looking at preferential market access for its products in the US, commerce and industry minister Piyush Goyal said on Thursday, adding that the country's trade pact with the US is the 'best' as compared to its competitor countries. "Our relations are very robust. We have a deep strategic partnership on several aspects- technology, defence, trade and investments, and our approach is that India should get preferential market access," Goyal told reporters here as one year elaps ...Read More >
New Delhi, Apr 2 (PTI) Extending moratorium in the WTO on import duties for cross-border electronics transmission for longer period will bring more certainty and predictability to businesses, Commerce and Industry Minister Piyush Goyal said on Thursday. The 14th ministerial conference, which concluded in the early hours on March 30 in Yaounde, the capital city of Cameroon, failed to reach a consensus on the moratorium. "We discussed it amongst the ministers, and we were generally of the opinio ...Read More >
New Delhi, Apr 2 (PTI) India stood alone at the recently concluded WTO meeting in Cameroon in opposing a China-led proposal on the Investment Facilitation for Development agreement, Commerce and Industry Minister Piyush Goyal said, asserting that it is 'better to stand alone for the right than to be in a crowd just to look good'. The Investment Facilitation for Development (IFD) agreement was first mooted in 2017 by China and other countries that depend heavily on Chinese investments, and count ...Read More >
New Delhi, April 2 (UNI) India is working towards bringing into force a free trade agreement with Oman from May 1, Commerce and Industry Minister Piyush Goyal said on Thursday at a presser after a series of engagements at the 14th Ministerial Conference of the World Trade Organization in Cameroon. Highlighting the outcome of his bilateral meeting with Oman's leadership, Goyal said, "We are working towards bringing into effect the agreement with Oman... on 1st of May 2026," signalling a key step ...Read More >
New Delhi: Commerce Minister Piyush Goyal has said that consensus-based decision-making is the bedrock of the WTO's legitimacy, as the discussions related to reforms in the global trading system, electronic commerce, TRIPS non-violation and the package for least developed countries (LDCs) will now continue in Geneva. The minister's statement comes after the conclusion of the 14th Ministerial Conference of the WTO at Yaounde in Cameroon on Monday, where he led the Indian delegation. Goyal empha ...Read More >
New Delhi: Commerce Minister Piyush Goyal has said that consensus-based decision-making is the bedrock of the WTO's legitimacy, as the discussions related to reforms in the global trading system, electronic commerce, TRIPS non-violation and the package for least developed countries (LDCs) will now continue in Geneva. The minister's statement comes after the conclusion of the 14th Ministerial Conference of the WTO at Yaounde in Cameroon on Monday, where he led the Indian delegation. Goyal empha ...Read More >
New Delhi, Mar 31 (PTI) India on Tuesday said it has called for initiating discussion at the WTO on its proposal on the transfer of modern technologies to emerging and least developed economies to help enhance their share in global trade, while pushing for negotiations through "possible new approaches" to move agriculture talks forward. The commerce ministry said the country has also extended its support for robust work at the World Trade Organization (WTO) on digital divide, digital infrastruc ...Read More >
Chennai: The WTO's 14th Ministerial Conference (MC14) held in Cameroon ended without agreement on key issues, including e-commerce moratorium and expiry of safeguard against non-violation complaints against intellectual property policies. With no agreement, the e-commerce moratorium lapsed for the first time in 26 years, opening the door for countries to impose customs duties on digital transmissions. MC14 was one of the most inconclusive ministerial conferences in recent years. Despite WTO rem ...Read More >
NEW DELHI: WTO member nations failed to agree to any meaningful outcome at the second ministerial meeting in Africa, including their inability to extend the 28-year moratorium on e-commerce, opening the doors for possible tariffs on digital downloads and streaming services.It also resulted in a public health concern as the freeze on "non-violation complaints" (NVCs) under the TRIPS Agreement also expired for the first time since 1995. This opens the doors for countries to move WTO in case treaty ...Read More >
New Delhi, March 30: The WTO ministerial conference in Yaounde, which concluded on Monday, failed to reach any agreement on key issues, including the extension of the moratorium on e-commerce and reforms of the global trade body. The 14th ministerial conference (MC), which concluded in the early hours on March 30 in the capital city of Cameroon, could not reach a consensus on a moratorium on non-violation complaints under the Agreement on Trade-related Aspects of Intellectual Property Rights (T ...Read More >
WTO members at the 14th ministerial conference (MC14) did not reach consensus to extend the TRIPS moratorium on non-violation complaints. For the first time since 1995, the safeguard has expired, creating uncertainty over when governments can bring disputes despite no formal rule breach. Further talks are expected in Geneva. WTO members ended the 14th ministerial conference, MC14, without agreement on a key TRIPS safeguard. The failure meant the moratorium on non-violation complaints, or NVCs, ...Read More >
Chennai: The WTO's 14th Ministerial Conference (MC14) held in Cameroon ended without agreement on key issues, including e-commerce moratorium and expiry of safeguards against non-violation complaints against intellectual property policies. MC14 was one of the most inconclusive ministerial conferences in recent years. Despite WTO remaining ineffective in mitigating trade uncertainties, India to build coalitions to defend consensus-based decision-making at WTO, which is under threat due to growing ...Read More >
New Delhi, Mar 30 (PTI) The WTO ministerial conference in Yaounde, which concluded on Monday, failed to reach any agreement on key issues, including the extension of the moratorium on e-commerce and reforms of the global trade body. The 14th ministerial conference (MC), which concluded in the early hours on March 30 in the capital city of Cameroon, could not reach a consensus on a moratorium on non-violation complaints under the Agreement on Trade-related Aspects of Intellectual Property Rights ...Read More >
Vodafone Idea (Vi)'s financial health looks set for significant improvement, if local press is to be believed. According to an Economic Times report, the government is considering a four-to-five year, interest-free moratorium on the telco's adjusted gross revenue (AGR) liabilities, which today stands at a hefty 830 billion rupees (approximately $9.2 billion at current exchange rates), straining Vi's finances to their limit. Even more good news, the government is also reportedly mulling whether ...Read More >
Visakhapatnam, Nov 14 (PTI) World Trade Organization Chief Ngozi Okonjo-Iweala on Friday said India should take the leadership role in reform process at the WTO amid growing uncertainties at global trade front. She said that India's economy is growing at a healthy pace and it is a leader in areas such as technology. She said that there is a need to look at areas in the WTO which are not working and discuss ways to correct that. "'...and here India can be a leader, India should be a leader in ...Read More >
The National Company Law Tribunal has admitted an insolvency case against Blu-Smart Mobility Tech. This follows a plea from Lepton Software Export and Research over unpaid dues. The tribunal has appointed an interim resolution professional and suspended the company's board. Blu-Smart Mobility is now under moratorium protection. The company's operations and subsidiaries are intertwined. The National Company Law Tribunal (NCLT) has admitted an insolvency case against Blu-Smart Mobility Tech, the ...Read More >
NEW DELHI: Andhra Pradesh chief minister N Chandrababu Naidu has sought a moratorium on loan and interest repayments for aqua sector companies, financial support for exporters, a Rs 100-crore corpus fund, and cold storage facilities to help the sector cushion the blow from the steep rise in US tariffs on Indian imports. Highlighting the loss from increase in US tariffs, Naidu said India's shrimp exports have taken a hit of about Rs 25,000 crore with about 50% of export orders cancelled. Furthe ...Read More >
Andhra Pradesh Chief Minister N. Chandrababu Naidu has appealed to the Union Government to come to the rescue of aqua farmers in the State, who are under severe distress due to the imposition of 50 per cent tariffs by the United States. He asked the Government to consider announcing a 240-day moratorium on loan and interest repayments, interest subsidies, and a temporary waiver of the 5 per cent GST on frozen shrimp. Calling for a national policy to protect the interests of aqua farmers, Naidu ...Read More >
Vijayawada, Sep 15 (UNI) Andhra Pradesh Chief Minister N Chandrababu Naidu has appealed to the Centre to support aqua farmers in Andhra Pradesh who are facing severe distress due to US-imposed tariffs. The Chief Minister urged the union Government to take decisions at the national level to protect aqua farmers from losses and requested measures to increase domestic consumption of aqua products. To this end, he has written separate letters to union Finance Minister Nirmala Sitharaman, Commerce ...Read More >
New Delhi: The Bar Council of India (BCI) has approved the Rules of Legal Education, Moratorium (Three-Year Moratorium) 2025, which will remain in force for three years once published. About The Moratorium Under this moratorium, no new law colleges will be set up or granted approval anywhere in India. Existing institutions will also not be allowed to start new sections, courses, or batches without prior written permission from the BCI. Pending applications that have already reached the final s ...Read More >
New Delhi [India], August 14 (ANI): The Bar Council of India (BCI) has approved the Rules of Legal Education, Moratorium (Three-Year Moratorium) 2025, which will remain in force for three years once published. Under this moratorium, no new law colleges will be set up or granted approval anywhere in India. Existing institutions will also not be allowed to start new sections, courses, or batches without prior written permission from the BCI. Pending applications that have already reached the fina ...Read More >
Nirmala Sitharaman presented a bill in Lok Sabha to amend the Insolvency and Bankruptcy Code. The bill is now with a parliamentary committee for review. The changes aim to speed up bankruptcy resolutions and improve creditor recoveries. The creditor-led resolution framework will reduce the workload of the National Company Law Tribunal. Finance and corporate affairs minister Nirmala Sitharaman on Tuesday introduced a bill in the Lok Sabha for amendments to the Insolvency and Bankruptcy Code (IBC ...Read More >
Bulandshahr: A court in Bulandshahr delivered its verdict in the Syana violence case that dates back to December 2018. The court convicted all 38 accused individuals, including prominent local activists and community members. Mob Violence Erupted Over Cow Carcass Discovery The violence followed the discovery of cow carcasses near Mahav village, prompting protesters to storm Chingrawathi police outpost. They set vehicles ablaze, leading to escalating chaos. During the riot, Inspector Subodh Kum ...Read More >
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