LMD slaps Rs 1 lakh fine on Delhi-based food manufacturer

SRINAGAR: The Legal Metrology Department (LMD) during its routine market inspection held in Srinagar District booked a Delhi based Frozen Food Manufacturer which was found distributing pre-packaged food items in Lal Bazar, Srinagar in contravention of the Legal Metrology norms. The inspection team of Legal Metrology Department, found the items without mandatory declarations like MRP, […]

Digital public infra, national cooperation policy: Measures for agriculture in Budget 2024-25

NEW DELHI: Union Budget 2024-25 has announced several measures for the agriculture sector including thrust on research, promotion of natural farming and national cooperation policy. As part of measures to enhance productivity and resilience in agriculture sector, Union Finance Minister Nirmala Sitharaman on Tuesday announced measures like Digital Public Infrastructure (DPI), ‘atmanirbharta’ for oil seeds, […]

FM announces exemption of 3 more cancer medicines from customs duties

NEW DELHI: Finance Minister Nirmala Sitharaman on Tuesday announced exemption of three more medicines from custom duties to provide relief to the patients suffering from the dreaded disease. Presenting the Union Budget 2024, Sitharaman said, “To provide relief to cancer patients, I propose to fully exempt three more medicines from customs duties.” The finance minister […]

Govt slashes import duty on mobile phones, chargers, some components

NEW DELHI: The government on Tuesday proposed slashing import duty on mobile phones, chargers and some components that are used for manufacturing of handsets in the Union Budget for fiscal year 2024-25. Finance minister Nirmala Sitharaman said with a three-fold increase in domestic production and almost 100-fold jump in exports of mobile phones over the […]

AIGJDC welcomes reduction in basic custom duty on gold, silver

JAIPUR: All India Gem and Jewellery Domestic Council (AIGJDC) on Tuesday hailed the Union Budget, saying the reduction in the basic customs duty on gold and silver to 6 per cent and on platinum to 6.4 per cent is a commendable move by the Central government. AIGJDC Chairman Saiyam Mehra said that this was a […]

Bajaj Pulsar NS 400 launched in Srinagar

Irfan leads as first owner SRINAGAR: Paris Automobiles, the authorized dealer of Bajaj Pulsar, has officially launched the much-anticipated Pulsar NS 400Z in Srinagar. Irfan, a resident of Srinagar, made history by becoming the first owner of the Bajaj Pulsar NS 400Z in Kashmir. He expressed his excitement and pride in being the first owner […]

Atal Innovation Mission, WIPO join hands to boost innovation in Global South

NEW DELHI: The Atal Innovation Mission (AIM) at NITI Aayog and the World Intellectual Property Organisation (WIPO) on Monday joined hands towards building joint innovation programmes in the Global South. Union Minister for Education and Skill Development Dharmendra Pradhan said that innovation is India’s strength. “This pathbreaking partnership between AIM and WIPO will take the […]

India needs Rs 56.68 lakh crore for climate action by 2030

NEW DELHI: India needs Rs 56.68 lakh crore for climate action by 2030 but much of the resources flow for climate action, mitigation and adaptation are primarily from domestic resources, the Economic Survey 2024 said on Monday. “The preliminary estimates of the overall resource requirement, as stated in the country’s NDC, are USD2.5 trillion for […]

Productivity & labour efficiency increased for MSMEs, deregulation crucial: Economic Survey

NEW DELHI: For the MSME sector, the Gross Value Added (GVA) per worker increased from Rs 1,38,207 to Rs 1,41,769 and Gross Value of Output (GVO) per establishment increased from Rs 3,98,304 to Rs 4,63,389 showing increased productivity and labour efficiency, the Economic Survey said. It highlighted the success of the Udyam Registration portal that […]

External sector shows resilience amid geopolitical headwinds: ES

NEW DELHI: The share of India’s services exports in world services exports has risen remarkably from 0.5 per cent in 1993 to 4.3 per cent in 2022, according to the Economic Survey tabled in Parliament on Monday by Finance Minister Nirmala Sitharaman. India’s external sector remained strong amidst ongoing geopolitical headwinds with services exports continuing […]

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