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China slams India’s new FDI norms, says change violates WTO rules

New Delhi: Just days after the Centre amended the Foreign Direct Investment (FDI) policy to check opportunistic takeovers of Indian companies amid the Covid-19 pandemic, China on Monday criticised the move and said that it violates the World Trade Organizations principle of non-discrimination. In a statement, Chinese Embassy spokesperson in India, Ji Rong, said that the Indian government’s decision to …

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11 industrial units begin operations in UP from Monday

Lucknow: Eleven industries will restart operations in Uttar Pradesh, subject to conditions. These include steel, refineries, cement, chemicals, fertilizers, garments (excluding apparel), foundries, paper, tyre, common effluent treatment plants and sugar mills. However, only the manufacturing and industrial units will be permitted to function and not their headquarters or administrative offices. Chief Secretary R K Tiwari has issued a detailed …

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AEPC urges Centre to pay April, May wages of apparel sector workers

New Delhi: The Apparel Export Promotion Council (AEPC) on Monday wrote to the Prime Minister Narendra Modi urging the government to pay the wages of workers engaged in the apparel exporting industry for April and May to bail out the sector amid the coronavirus crisis. AEPC Chairman A Sakthivel wrote in the letter: “We humbly wish to inform that we …

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Six IMFL units to manufacture sanitisers, disinfectants

· NT NETWORK PANAJI: The government has asked Indian Made Foreign Liquor (IMFL) manufacturers in the state to make sanitisers and disinfectectants in view of the corona virus disease. Both the products are needed in the state because of the virus. Excise Commissioner, Amit Satija speaking to the Navhind Times said that, so far, the excise department has received requests …

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Cosmoprof India 2020 rescheduled for 29 – 31 October 2020

Bengaluru: BolognaFiere Group SpA and Informa Markets, organisers of the Cosmoprof India Show, have decided to postpone its 2020 edition to the new dates of October 29 to 31, 2020 at the Bombay Convention and Exhibition Centre. The event was originally scheduled to be held from September 2 to 4, 2020. “The rescheduling of all the main trade shows globally …

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IT industry seeking relaxation in coronavirus lockdown

Panaji: Members of the local IT industry are seeking relaxation in the coronavirus lockdown orders imposed by the state government.  On Tuesday, the industry represented by the Goa Technology Association (GTA) said that, it needs critical staff to attend office every day and operate out of the company workplace. According to the industry some crucial software projects related to healthcare …

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RLDA invites bids lo lease out 2 plots in Jammu

New Delhi: The Railway Land Development Authority (RLDA) has invited bids for leasing out its two plots at Katra in Jammu and Kashmir with reserve price of over Rs 14 crore each.  RLDA has invited RFP ( Request for Proposal) to lease two plots at Katra for commercial development.  The combined plot is spread across 15,352 sq metre and is located near …

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Maritime industry writes to UN bodies on change of seafarers

New Delhi: International maritime chambers have written to the agencies of the United Nations on the importance of seafarers in global trade and smooth functioning of the supply chains. In their letter, the heads of US agencies, the International Chamber of Shipping (ICS) and International Transport Workers’ Federation (ITWF) have sent a joint letter to the heads of UN agencies …

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Staff safety important, we support work from home policy: SBI Life

New Delhi: SBI Life on Tuesday said safety of its staff is of utmost importance amid the coronavirus outbreak and the insurer fully supports work from home policy. “With coronavirus on the minds of many, I want to take a moment to personally communicate my thoughts on ensuring that we all stay safe,” Sanjeev Nautiyal, MD & CEO SBI Life Insurance …

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Railways to pay all contractual, outsourced staff

New Delhi: In view of the novel coronavirus crisis in India, the Indian Railways on Tuesday announced that it shall make the payment to the contractual and outsourced railway staff during the period of the suspension of the passenger train services. The Railway Board in a circular to the employees said, “Due to prevailing Covid-19 situation in India, vide Railway …

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