A high-level delegation led by Minister of State for Consumer Affairs, Food and Public Distribution Raosaheb Patil Danve on December 14 left for Australia in pursuance of a collaborative project on consumer protection. The delegation will take part in phase two of the Australia-India Collaborative Consumer Protection Project under Sydney University, an official statement said.Under the funding from the Australia-India Council (AIC), established in 1992, and the support from the Department of Consumer Affairs, the Sydney University has undertaken the consumer protection project.The project will be implemented in four stages -- workshops and round-table in New Delhi (by Sydney University), followed by a high level delegation from India to Australia.Close The third stage is the secondment of one person from India to Australia to the Australian Competition and Consumer Commission, while the fourth stage is specialised workshops in New Delhi, it added. related news Chidambaram … [Read more...] about Indian delegation leaves for Australia for consumer protection project
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Senior officials of India and the US held detailed deliberations on ways to resolve trade-related issues and boost economic ties."India - US Commercial Dialogue Intersessional meeting held. Indian delegation led by Commerce Secretary Anup Wadhawan and US side by Gilbert Kaplan, Under Secretary, USDOC," the Department of Commerce said in a tweet.The meeting assumes significance as India has announced hike in customs duties on as many as 29 products, including pulses, iron and steel products, imported from the US as a retaliatory action against the tariff hikes by Washington.Close The meeting follows a visit by Indian officials to the US last week. It was the first meeting of the two sides after India deferred its retaliatory tariffs by 45 days to September 18. related news US-China trade deal cuts tariffs for Beijing promise of big farm purchases Snowfall in major tourist places of Himachal Three low-intensity tremors hit Maharashtra's Palghar US Trade Representative (USTR) … [Read more...] about India, US hold discussions on ways to promote trade, investments
In a bid to build a robust EV charging infrastructure, state-run Energy Efficiency Service Ltd (EESL) and South Delhi Municipal Corporation (SDMC) on December 14 inaugurated the first electric vehicle public charging station in south Delhi.The inauguration coincides with the National Energy Conservation Day being celebrated across the country, EESL said in a statement.The charging station has been installed in the SDMC parking area of Greater Kailash-1 N Block market.Close EESL has installed the charging station after the signing an agreement with SDMC. This is the first of the 75 charging stations to be installed across SDMC areas as per the agreement.LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE. … [Read more...] about EESL commissions first EV charging station in south Delhi under pact with SDMC
Trade ministers of Regional Comprehensive Economic Partnership (RCEP) member countries, including India and China, will hold a crucial meeting in Singapore on August 30-31, an official said.The meeting is important as the 16-member bloc now needs specific political guidance to move the negotiations further, the official added.RCEP mega trade pact aims to cover goods, services, investments, economic and technical cooperation, competition and intellectual property rights.Close RCEP bloc comprises 10 Asean members (Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam) and their six FTA partners - India, China, Japan, South Korea, Australia and New Zealand. related news US-China trade deal cuts tariffs for Beijing promise of big farm purchases US agency probes 12th Tesla crash tied to possible Autopilot use Uber submits appeal to regain London taxi licence The meeting also assumes significance as the member countries are not … [Read more...] about RCEP trade ministers to meet on Aug 30-31 in Singapore
Bharat Bond ETF, the initiative of the Department of Investment and Public Asset Management (DIPAM) of the government, was launched on December 12.The government had announced plans for debt ETFs in Budget 2019. The ETF has a duration of 3 years maturing in 2023 with a yield return of 6.69 percent and another duration of 7 years maturing in 2030 with a yield return of 7.58 percent. Both will be listed on NSE and BSE.Stressing on the appeal factor of 3-year and 7-year duration, Deepak Jasani Head Retail Research, HDFC Securities said, "Returns of this 3-year variant could be compared to Banking and PSU debt funds that have an average maturity of 2-4 years and a similar portfolio holding. Longer duration variant (10-years) would naturally bear high duration risk and can be considered by informed investors who want to take high duration bets."Close This ETF is managed by Edelweiss Mutual Fund. So the fund is called Edelweiss BHARAT Bond ETF, and the fund will invest in the bonds … [Read more...] about Mutual funds wrap: Bharat Bond ETF NFO open until December 20; Will retail investors bite?