News for 'State for Commerce'

The Man Who Is Aamir Khan's Son-In-Law

The Man Who Is Aamir Khan's Son-In-Law

Rediff.com3 Jan 2024

A fitness trainer. A triathlete. And the love of Ira Khan's life. Meet Nupur Shikhare.

Karnataka bandh: 44 flights cancelled; train, bus services hit

Karnataka bandh: 44 flights cancelled; train, bus services hit

Rediff.com29 Sep 2023

As many as 44 flights to and from the Kempegowda International Airport in Bengaluru were cancelled owing to the Karnataka bandh over the Cauvery water sharing issue with Tamil Nadu, airport authorities said.

Why it won't be easy for Tesla to drive into India

Why it won't be easy for Tesla to drive into India

Rediff.com10 Mar 2024

India will not tailor its policies to suit US EV maker Tesla, and its laws and tariff rules will be formulated to attract all-electric vehicle manufacturers from across the world to set up a base in the world's fastest-growing economy, Commerce and Industry Minister Piyush Goyal said. Tesla has been seeking an initial tariff concession that would allow it to offset 70 per cent customs duty for cars priced less than $40,000, and 100 per cent for cars of higher value.

Imports from Russia up 64% to $36.27 bn in Apr-Oct

Imports from Russia up 64% to $36.27 bn in Apr-Oct

Rediff.com15 Nov 2023

India's imports from Russia rose 64 per cent to $36.27 billion during the April-October period this fiscal on higher shipments of crude oil and fertiliser, according to the commerce ministry data. With this, Russia has become India's second-largest import source during the first seven months of this fiscal. The imports were $22.13 billion during April-October 2022.

SKM to hold 15 more farmers' conclave ahead of Feb 26 Delhi march

SKM to hold 15 more farmers' conclave ahead of Feb 26 Delhi march

Rediff.com24 Dec 2023

According to the Morcha, the demands which Delhi Chalo has been called include: MSP should be guaranteed as per C2+50 percent formula and, as promised, a law should be made to guarantee it; all the farmers should be made debt free, and all agricultural loan must be waived.

Public sector banks yet to join the e-commerce boom

Public sector banks yet to join the e-commerce boom

Rediff.com7 Nov 2014

Customers using e-commerce websites are young and techno-savvy.

Future of digital payments in India

Future of digital payments in India

Rediff.com20 Mar 2024

'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'

Farmers to take call on govt offer to buy pulses, maize at MSP

Farmers to take call on govt offer to buy pulses, maize at MSP

Rediff.com19 Feb 2024

A panel of Union ministers held a fourth round of talks with farmer leaders in Chandigarh on Sunday over their demands, including a legal guarantee of MSP, as thousands of protesting farmers camped at the Punjab-Haryana border.

Belgian ex-PM backs India's permanent UNSC seat, urges UN reform

Belgian ex-PM backs India's permanent UNSC seat, urges UN reform

Rediff.com14 Jan 2024

Leterme contended that there is a need for the United Nations Security Council to adapt to the realities of the 21st century as it requires representation that goes beyond the structures established in the 20th century.

India's Foreign Trade Policy 2023 eyes $2 trillion exports by 2030

India's Foreign Trade Policy 2023 eyes $2 trillion exports by 2030

Rediff.com31 Mar 2023

The government on Friday came out with Foreign Trade Policy (FTP) 2023 which seeks to boost the country's exports to $2 trillion by 2030 by shifting from incentives to remission and entitlement based regime. Unlike the practice of announcing 5-year FTP, the latest policy has no end date and will be updated as and when needed, said Director General of Foreign Trade (DGFT) Santosh Sarangi while briefing media about FTP 2023. Earlier, Commerce and Industry Minister Piyush Goyal unveiled FTP 2023 which will come into effect from April 1, 2023.

Longest drone delivery of medicine conducted in Bengal

Longest drone delivery of medicine conducted in Bengal

Rediff.com6 Sep 2022

A drone from Skye Air Mobility on Tuesday covered an aerial distance of 104 km in West Bengal to deliver a medicine consignment of Flipkart Health, the longest commercial delivery using an unmanned vehicle in the state, a company statement said on Tuesday. The drone took off from Flipkart's Baruipur hub in South 24 Parganas and delivered medicines at the Healthbuddy Matangini in the state's Purba Medinipur district, it said. The distance between the two places is 185 km by road, and it takes about four-five hours to cover by the surface transport.

How Amazon Works With Indian Railways

How Amazon Works With Indian Railways

Rediff.com13 Oct 2023

'Building a whole product with the railways was challenging; we had to figure out how to load and unload a train when it stops for only about five minutes at a station.' 'We also helped them understand the revenues this would generate for them.'

Imports from Russia doubles to $25.69 billion in Apr-Aug

Imports from Russia doubles to $25.69 billion in Apr-Aug

Rediff.com15 Sep 2023

The country's imports from Russia almost doubled to $25.69 billion during the April-August period this fiscal due to increasing inbound shipments of crude oil and fertiliser, according to the commerce ministry data. With this, Russia has become India's second-largest import source during the first five months of this fiscal. The imports were $13.77 billion during April-August 2022.

Wayanad May Not Be A Breeze For Rahul

Wayanad May Not Be A Breeze For Rahul

Rediff.com16 Apr 2024

Wayanad will continue to support Rahul but not to the same extent as in 2019, when his margin of victory had been enormous. Articulate, to the point and speaking in fluent Malayalam, CPI's Annie Raja, had the people who gathered to see her, listening in rapt attention, notes Shyam G Menon.

'Rural demand is back, El Nino is a worry'

'Rural demand is back, El Nino is a worry'

Rediff.com15 May 2023

'A weak monsoon always spells disaster. But it's too early to have a pessimistic view.'

E-com start-up Dukaan lays off 90% staff for AI bot

E-com start-up Dukaan lays off 90% staff for AI bot

Rediff.com11 Jul 2023

E-commerce startup Dukaan has replaced 90 per cent of its customer support team with an artificial intelligence (AI) chatbot, founder and CEO Suumit Shah informed on Tuesday. Attributing the decision to prioritising profitability, he said customer support costs reduced by 85 per cent while resolution time went down from over two hours to three minutes. "We had to lay off 90 per cent of our support team because of this AI chatbot. Tough? Yes. Necessary? Absolutely," Shah tweeted.

Amazon, Flipkart among 20 e-tailers get notices for selling drugs sans licence

Amazon, Flipkart among 20 e-tailers get notices for selling drugs sans licence

Rediff.com13 Feb 2023

The show-cause notice dated February 8 by DCGI V G Somani cited a Delhi high court order dated December 12, 2018, which prohibits online sales of medicines without a licence.

Punjab FM says state govt will challenge farm Bills in SC

Punjab FM says state govt will challenge farm Bills in SC

Rediff.com25 Sep 2020

The Congress leader told reporters that the Punjab government is 'preparing to challenge the Bills in the apex court on two counts'. "First, it is a state subject and the Union government has no right to enact a legislation on it. "Besides, the federal government cannot destroy the economy of states. Due to the Bills, losses will be too much for a small state like Punjab," he said.

Foxconn unit in talks for $200 million components plant in Tamil Nadu

Foxconn unit in talks for $200 million components plant in Tamil Nadu

Rediff.com28 Jul 2023

Taiwan-based Hon Hai Technology Group, the subsidiary of Foxconn Industrial Internet (Fii), is in talks with the Tamil Nadu government to invest around $200 million to set up an electronic components unit in the state. According to a Reuters report, FII, which makes communication, mobile network and cloud computing equipment, has shared the plan with the Tamil Nadu state officials. Business Standard had reported last week that Fii's chief executive officer (CEO) Brand Cheng met Tamil Nadu Chief Minister M K Stalin and Minister for Industries, Investment Promotion and Commerce TRB Rajaa.

What does Piyush Goyal's Tesla visit mean?

What does Piyush Goyal's Tesla visit mean?

Rediff.com14 Nov 2023

Commerce and Industry Minister Piyush Goyal has visited the manufacturing facility of US-based electric vehicle major Tesla at Fremont, California and said that the company would be doubling its auto components imports from India. The minister is in the US on a four-day visit. The world's largest electric car producer Tesla Inc's chief Elon Musk met Prime Minister Narendra Modi in June in New York and after the meeting Musk had said that he planned to visit India in 2024.

Why India Is Buying 5 Argentine Lithium Mines

Why India Is Buying 5 Argentine Lithium Mines

Rediff.com2 Jan 2024

The Centre will invest around Rs 200 crore over five years for the exploration and development of these mines.

Imports from Russia up 67% to $30.42 bn in Apr-Sep

Imports from Russia up 67% to $30.42 bn in Apr-Sep

Rediff.com13 Oct 2023

India's imports from Russia rose by about 67 per cent to $30.42 billion during the April-September period this fiscal on higher shipments of crude oil and fertiliser, according to the commerce ministry data. With this, Russia has become India's second-largest import source during the first half of this fiscal. The imports were $18.24 billion during April-September 2022.

'They want to suffocate our voices'

'They want to suffocate our voices'

Rediff.com23 Feb 2024

'Farmers have been sent notices in which the government is threatening that if you will join the movement, then we will impound your ancestral properties.' 'We will seal your bank accounts.' 'We will revoke the passports of your kids.'

Bengal becomes 6th state to pass resolution against farm laws

Bengal becomes 6th state to pass resolution against farm laws

Rediff.com28 Jan 2021

The West Bengal on Thursday became the sixth state to pass a resolution against the three contentious farm laws enacted by the Centre, even as the opposition Bharatiya Janata Party staged a walkout from the assembly amid 'Jai Shri Ram' slogans.

Centre Assesses Threats As Sea Piracy Surges

Centre Assesses Threats As Sea Piracy Surges

Rediff.com29 Dec 2023

'Due to the Israel-Hamas conflict, a faction operating in the Red Sea -- which is a typically safe area - has been firing projectiles arbitrarily.' 'Additionally, there have been two incidents involving Somali pirates, and one vessel has been hijacked.'

Govt approves 100% FDI in aviation, defence, e-commerce

Govt approves 100% FDI in aviation, defence, e-commerce

Rediff.com20 Jun 2016

India already allows 100 per cent ownership of greenfield pharma businesses.

Tatas to be India's first homegrown iPhone maker

Tatas to be India's first homegrown iPhone maker

Rediff.com27 Oct 2023

Tata Group is set to become India's first homegrown iPhone maker after Taiwan's Wistron Group agreed to sell a plant in Bengaluru to India's largest conglomerate. Wistron's board approved the sale of Wistron InfoComm Manufacturing (India) Private Ltd to Tata Electronics for $125 million, the Taiwanese electronics manufacturer said in a statement on Friday. The unit operates an iPhone assembly plant near Bengaluru.

'My daughter wants to pursue astrophysics. Pls help'

'My daughter wants to pursue astrophysics. Pls help'

Rediff.com6 Feb 2024

rediffGURU Rohit Gupta, co-founder and COO of College Vidya, offers expert advice on career programmes in India.

E-tailers face tough times as states tighten tax noose

E-tailers face tough times as states tighten tax noose

Rediff.com25 Jan 2015

Kerala's tax authorities are also reviewing other e-commerce companies for similar discrepancies, and might fine more defaulters.

'We are not worried what Modiji says about Muslims'

'We are not worried what Modiji says about Muslims'

Rediff.com18 May 2024

While political experts claim that the Modi Magic is missing in the 2024 general election, the common people in the street -- at least those in the crowd on Thursday -- vow that they will vote for Modi and the candidate who contests the election doesn't matter much.

India, US settle final trade dispute at WTO

India, US settle final trade dispute at WTO

Rediff.com8 Sep 2023

India and the US have settled the last trade dispute at the World Trade Organization (WTO) over poultry products, according to a joint statement released on Friday. With this, the two countries have mutually resolved all the seven pending trade disputes at the WTO. "The leaders lauded the settlement of the seventh and last outstanding WTO dispute between India and the United States.

China wants to write the rules for commerce in Asia: Obama

China wants to write the rules for commerce in Asia: Obama

Rediff.com19 Feb 2015

China aims to set common standards on issues.

Talent Crunch Affects Bank's Cybersecurity Plans

Talent Crunch Affects Bank's Cybersecurity Plans

Rediff.com14 Dec 2023

'We are also conducting ongoing training and grooming at the branch level to pre-empt such cyberattacks.'

Quality Control Orders: What does this mean for domestic industry?

Quality Control Orders: What does this mean for domestic industry?

Rediff.com25 Apr 2024

From toys, footwear and furniture to insulated flasks, smart meters, and air coolers - the Central government over the last decade has mandated higher standards for production and imports of such items. Sample this: Till 2014, there were 14 Quality Control Orders (QCOs) covering 106 products. By the latest count, there are 156 QCOs on 672 products.

Nipah Is Keeping Kerala Tourists At Bay

Nipah Is Keeping Kerala Tourists At Bay

Rediff.com21 Sep 2023

The tourism industry expects a short-term impact, as it is counting on the state's proven expertise in managing such crises.

J-K NIT declares early winter vacation amid protests over social media post

J-K NIT declares early winter vacation amid protests over social media post

Rediff.com30 Nov 2023

Non-local students left the institute in the afternoon in a convoy of 15 vehicles under security escort to Jammu for onward journey to their respective home states, officials said.

'Historically, 2023 is the best year for India-US ties'

'Historically, 2023 is the best year for India-US ties'

Rediff.com8 Dec 2023

The relationship between the US and India has been very productive, in particular on the trade and technology front, and 2023 can be considered the best year historically for bilateral ties, according to a former top American trade official. Arun Kumar, an Indian-American, who served as the assistant secretary of Commerce for Global Markets and director general of the US and Foreign Commercial Service (USFCS) during the Obama administration, said this during an interview with PTI in Washington. "Looking back on 2023, it was a very productive year for the US-India relationship, by many accounts the best year historically," he said.

Only 2-3 eCommerce firms will survive market bloodbath: Study

Only 2-3 eCommerce firms will survive market bloodbath: Study

Rediff.com29 Oct 2014

At the same time, Tier II and III cities are expected to have a faster adoption rate with greater sales margins derived directly from online channels.

India may buy more oil from UAE in the coming months after COP talks

India may buy more oil from UAE in the coming months after COP talks

Rediff.com11 Dec 2023

India is expected to ramp up its purchase of crude oil from the United Arab Emirates (UAE) in the coming months following discussions between the two countries on the sidelines of the ongoing COP28 summit in Dubai, multiple sources in the know said. The UAE has historically been India's third-largest source of crude. It has suffered the largest drop in shipments since Indian refiners began to binge on Russian crude in 2022.

Haryana's local hire law may impact 150,000 IT jobs in the state

Haryana's local hire law may impact 150,000 IT jobs in the state

Rediff.com17 Mar 2021

A majority of the companies said the law, aimed at jobs with a monthly salary cap of Rs 50,000, will result in them leaving Haryana or growing their operations in other states and abroad.