Daily Archives: November 11, 2022

INTERNATIONAL TRADE SETTLEMENTS IN INDIAN RUPEES

The Government of India has made suitable amendments in the Foreign Trade Policy and Handbook of Procedures to allow for International Trade Settlement in Indian Rupees (INR) i.e., invoicing, payment, and settlement of exports / imports in Indian Rupees. Accordingly, the Directorate General of Foreign Trade (DGFT) had earlier introduced …

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DELHI’S AIR POLLUTION PROBLEM

The National Ambient Air Quality Standards were revised in 2009 to include 12 categories of pollutants including PM2.5 (particulate matter with a diameter under 2.5 microns) — a noxious pollutant which can penetrate deep into the lungs and even enter the bloodstream, resulting in cardiovascular and respiratory impacts. Multiple studies …

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EXPANDING THE NORMS FOR INCENTIVES AND EXPORT

The Centre has expanded the norms for incentives and export obligations under the Foreign Trade policy to cover foreign trade transactions settled in rupees, the Commerce Ministry said on Wednesday. In July, the RBI and the Directorate General of Foreign Trade had carried out amendments in the Foreign Trade policy …

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GROUNDWATER EXTRACTION IN INDIA

Groundwater extraction in India saw an 18-year decline, according to an assessment by the Central Ground Water Board (CGWB) made public on Wednesday. The total annual groundwater recharge for the entire country is 437.6 billion cubic metres (bcm) and annual groundwater extraction for the entire country is 239.16 bcm, according …

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PASHMINA WOOL

Traders of universally prized Pashmina shawls are complaining that “obsolete testing methods” have resulted in many of their export consignments being flagged by Customs authorities for presence of Shahtoosh guard hair, which is obtained from endangered Tibetan antelopes. The traders claim the use of obsolete techniques such as “light microscopy” …

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50TH CHIEF JUSTICE OF INDIA

Justice Dhananjaya Yashwant Chandrachud was sworn in as the 50th Chief Justice of India (CJI) by President DroupadiMurmu at a brief ceremony at the Rashtrapati Bhavan in New Delhi on Wednesday. He took the oath in English and in the name of God, in the presence of Vice-President and Rajya …

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DELHI POLICE CONFERENCE

The Ministry of Home Affairs (MHA) convened a conference in late October in the capital, which saw the participation of the Union Home Minister, a few State Home Ministers and police chiefs. West Bengal did not send its highest officials citing its preoccupation with pooja-related issues. The Delhi conference was …

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