Author: Shambhavi Sinha

29 non-official members were inducted on the Board of Trade. The board offers policy recommendations to the government on the country’s foreign trade. The Board of Trade, a leading advisory body on external trade, now includes 29 non-official members from large and small businesses and other sectors that have been selected by the government. Rajesh Gopinathan, the chief executive officer of Tata Consultancy Services, and Sanjay Nayyar, the chairman of KKR India, are among the new members. The Board, which is presided over by Minister of Commerce and Industry Piyush Goyal, offers policy recommendations to the government on how to…

Chhattisgarh government passed the Electric Vehicle policy 2022 with a 5 year goal of having 15 percent new individual or commercial vehicle registrations be electric vehicles. Chhattisgarh government approves Electric Vehicle policy to encourage their adoption The Chhattisgarh government passed its Electric Vehicle (EV) Policy 2022 on Thursday in an effort to establish the state as an EV-manufacturing hub, generate employment, and slow down environmental damage. At a cabinet meeting, Chief Minister Bhupesh Baghel approved the policy. The government has a five-year goal of having 15 percent of new individual or commercial vehicle registrations be electric vehicles. Electric Vehicle Policy…

The pesticide industry claims that CROP and PQIS industries are not functioning smoothly, which may lead to a delay in product certification. Subsequently, farmers may not have access to plant protection chemicals during Kharif. The roughly Rs 40,000 crore-worth pesticide and plant protection industry in India claims that the poor performance of two state-run portals is causing a delay in the issuance of registration certificates for products. The portals were established in April 2022 with the goals of providing a transparent system for the applicants that does not involve any physical touchpoints and ensuring the convenience of the users through…

Reliance Retail Ltd. signed a long term partnership with Gap Inc., thus becoming the official retailer in India across all channels. Gap’s newest fashion offerings will be made available to Indian consumers by Reliance Retail through a combination of exclusive brand shops, multi-brand store expressions, and online shopping portals. For the purpose of bringing the renowned American clothing company Gap to India, Reliance Retail Limited and Gap Inc. have signed a long-term partnership. Thanks to the long-term franchise agreement, Reliance Retail has been designated as Gap’s official retailer in India across all channels. Through a combination of exclusive brand shops,…

Just days before the G-20 meeting in Bali, China slams US and NATO after Blinken accused China of attempting to undermine the rules-based international order. Days before a meeting between US Secretary of State Antony Blinken and Chinese Foreign Minister Wang Yi, China launched a harsh attack on the US and NATO on Wednesday. The remarks made by Zhao Lijian, a spokesperson for the foreign ministry, highlight the deteriorating relationship as well as China’s more confrontational style of foreign relations, which vehemently rejects criticism. Relations between the US and China are characterised by disputes on a range of subjects, including…

Union IT minister Vaishnaw encouraged startups to look into ways to use ONDC in their businesses. He is confident that ONDC could be expanded to become the next UPI. On Tuesday, Union IT Minister Ashwini Vaishnaw expressed optimism that the Open Network for Digital Commerce (ONDC), one of India’s most popular digital products, can succeed as the next UPI. Vaishnaw asserts that ONDC can support business owners engaged in e-commerce, B2B transactions, or direct consumer contact. Vaishnaw gave his speech after officially opening the National Startup Conference as a part of Digital India Week 2022 at the Mahatma Mandir convention…

NATHEALTH requested the government to suspend GST on high rental hospital beds as it would increase the integrated burden, affecting affordability. The healthcare industry association NATHEALTH asked the government to suspend the recently announced 5 percent GST on hospital rooms with rental rates over Rs 5,000 per day on Tuesday, claiming it will place an additional strain on the sector. The GST Council determined last week that hospital room rents over Rs 5,000 per day per patient (except ICU) will be subject to a 5 percent tax without an input tax credit. While eliminating the exemptions is a commendable goal…

According to the guidelines released by the CCPA, hotels cannot automatically include service charge. It needs to be mentioned as voluntary and optional. Consumers can report violations for redressal. The Central Consumer Protection Authority (CCPA) on Monday forbade hotels and restaurants from adding service charges automatically or by default to meal bills in response to an increase in consumer complaints and allowed consumers to file complaints if they come across any violations. Regarding the imposition of service fees, the CCPA has published rules to prevent unfair trade practices and violations of consumer rights. According to the guideline, the chief commissioner…

As many people called in sick at the last minute, the IndiGo experienced a shortage of cabin crew, leading to delays. These individuals are reported to have been attending Air India’s recruitment drive. Because a significant number of IndiGo’s cabin crew members failed to report for work on Saturday, the airline was forced to significantly delay more than half of the flights it was responsible for operating. According to some sources, the individuals in question attended job interviews but then called in sick at the eleventh hour, putting the running of the airline in jeopardy. Tata owned Air India, Jet,…

FCRA modifications have extended the limit of Rs. 1 lakh. Indians can now receive up to Rs. 10 lakh from relatives abroad. In the event of exceeding this limit, they have 3 months instead of 1 month to inform the authorities. Certain laws pertaining to the Foreign Contribution (Regulation) Act (FCRA) have been modified by the Union Home Ministry to allow Indians to receive up to ten lakh rupees in a calendar year from relatives living outside of the country without having to report it to the proper authorities. Previously, the cap was set at Rs. 1 lakh. Additionally, the…