China economy

Chinese customs authorities banned seafood from Japan in response to the tsunami-wrecked Fukushima Daiichi nuclear power plant starting its wastewater release Thursday, customs authorities said in an announcement.
The ban starts immediately and will affect all imports of aquatic products including seafood, according to the notice. Authorities said they will dynamically adjust relevant regulatory measures as appropriate to prevent the risks of nuclear-contaminated water discharge to the health and food safety of our country.

Seafoods

S Korea's current ban on imports of seafood from Japan's Fukushima area will remain in place regardless of Tokyo's planned release of contaminated water from its crippled Fukushima nuclear power plant

China lifts suspension from 99 Indian seafood processing, exporting units

China has lifted the suspension of shipments from 99 Indian seafood processing and exporting units following India's assurances over source control, a move which would boost marine products exports to the neighbouring country, an MPEDA official said on Thursday.
China had suspended a total of 110 units since December 2020 over Covid concerns, but the sustained efforts by the seafood export development body -- Marine Products Export Development Authority (MPEDA), were crucial to India's eventual success in getting lifted China's suspension order, according to top officials.
Centre had projected to nearly double the seafood exports to USD 14 billion by 2025.
"The lift on the suspension of the 99 seafood processing units was done on February 14 and is expected to raise India's export of marine products by 5 per cent to 10 per cent in the next financial year. The suspension of 11 units was revoked earlier, MPEDA chairman D V Swamy said.
Non-conformity with the trade norm requirements o

MPEDA opens quality control lab in Porbandar for seafood exporters

MPEDA has opened a quality control laboratory here to facilitate tests for seafood processors and exporters to confirm to product safety as per international regulatory requirements

chart

CRISIL Research expects the industry to grow 5-7 per cent year-on-year, compared with 6-7 per cent in the last fiscal year

India largest seafood exporter in 2016: FAO

The aim is to create a shared understanding of the current situation and to develop a strategy to limit the use of antibiotics in the Indian shrimp sector

The stock price of GVK Power & Infrastructure was locked in the 5% upper circuit for the eight day, trading at its highest level since September 2018 on the BSE

Sensex, Nifty, stock brokers

The restructuring exercise will be undertaken by Arjun Mohan, who was recently elevated as chief executive officer (CEO) of its India business, replacing Mrinal Mohit, according to the sources

Byju's

Meanwhile, companies like HP and Acer, which do not sell mobile phones in India, are likely to miss out

Apple iPhone

His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm

Reliance Industries chairman Mukseh Ambani and Nita Ambani's children, left to right, Akash, Isha and Anant Ambani. PTI: Photo

Isha, Akash and Anant Ambani

Analysts at Jefferies, believe that the time is ripe to buy Eicher Motors given alleviating competitive concerns, along with tailwinds of 2W demand recovery, industry premiumization and exports.

Eicher Motors, motorcycle ,Royal Enfield, Royal Enfield bikes,

The combined market valuation of eight of the 10 most valued firms plunged by Rs 2,28,690.56 crore in a holiday-shortened last week, with HDFC Bank and Reliance Industries taking the biggest hit, amid an overall weak trend in equities.
Last week, the BSE benchmark fell 1,829.48 points or 2.69 per cent, and the Nifty declined 518.1 points or 2.56 per cent.
Equity markets were closed on Tuesday on account of Ganesh Chaturthi.
From the top-10 pack, Reliance Industries, HDFC Bank, ICICI Bank, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance were the laggards while Tata Consultancy Services (TCS) and Hindustan Unilever were the gainers.
The market valuation of HDFC Bank plummeted by Rs 99,835.27 crore to Rs 11,59,154.60 crore. Shares of the company fell by nearly 8 per cent last week.
The valuation of Reliance Industries plunged Rs 71,715.6 crore to Rs 15,92,661.42 crore. The company's shares declined over 4 per cent past week.
ICICI Bank's valuation dropped Rs 29,41

HDFC Bank

In a move to fuel growth through self-employment, Assam Chief Minister Himanta Biswa Sarma has launched a scheme to help youths set up their own ventures.
At a function here, Sarma rolled out the Chief Minister's Atmanirbhar Asom Abhijan 2023. He also launched a registration portal for the scheme.
Under the programme, financial aid will be given to two lakh youths for creating a robust entrepreneurial ecosystem, he added.
Speaking on the occasion on Saturday, Sarma said, "The scheme has been designed to create self-employment avenues to enable the youths to fuel development of the state. It has the potential to strengthen rural economy."
He said that the unemployed degree holders in the fields of engineering, medicine, agriculture, animal husbandry and fishery will be kept in the first category and will be given Rs 5 lakh.
"On the other hand, unemployed postgraduates, general graduates, ITI, polytechnic passouts will be kept in the second category for government assistance of Rs 2

Guwahati: Assam Chief Minister Himanta Biswa Sarma speaks during a press conference organised to commemorate the completion of 8 years of Prime Minister Narendra Modi's BJP-led government at the centre, at BJP state office in Guwahati, Wednesday, Jun

Himanta Biswa Sarma

The US provided Canada with intelligence after the killing of Sikh separatist Hardeep Singh Nijjar, but communications intercepted by Ottawa were more definitive and led it to accuse India of orchestrating the plot, The New York Times has reported citing sources.
The report came on Saturday as the top US diplomat in Canada confirmed that there was shared intelligence among Five Eyes partners that had prompted Canadian Prime Minister Justin Trudeau's offensive allegation against India in the killing of a Khalistani extremist on Canadian soil.
The allegations have infuriated India, which rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case. India also accused Canada of being a safe haven for terrorists.
Nijjar, the chief of the banned Khalistan Tiger Force (KTF), was killed in Surrey in British Columbia on June 18. India had designated Nijjar as a terrorist in ...

Hardeep Singh Nijjar, Hardeep Nijjar

"The fact that over fifty visitors were able to raise slogans is a matter of grave concern. In response to this serious breach, Members from the opposition panics walked out in protest"

Priyanka Chaturvedi

IAS-turned-politician Sasikanth Senthil has been appointed as the Chairman of the Central War Room

Congress

International credit agency Moody's Investors Service has made sweeping assertions against Aadhaar without citing any evidence, the Unique Identification Authority of India (UIDAI) said on Monday.
The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable.
"A certain investor service has, without citing any evidence or basis, made sweeping assertions against Aadhaar, the most trusted digital ID in the world. Over the last decade, over a billion Indians have expressed their trust in Aadhaar by using it to authenticate themselves over 100 billion times," the UIDAI said in a statement.
The unique id Aadhaar's custodian said that the report in question does not cite either primary or secondary data or research in support of the opinions presented in it.
"The investor service did not make any

Adhaar, UIDAI

The Nijjar murder is fast unfolding into treacherous scenarios that could have tragic consequences for both nations. No one stands to gain from the ongoing face-off

India Canada

The leaders of both countries should encourage bilateral trade and people-to-people exchanges that can help build bridges

Canada has updated travel advisory for its citizens in India asking them to "stay vigilant and exercise caution" in the context of recent developments as there are calls for protests and some "negative sentiment" towards Canada on social media.
Tensions flared between India and Canada following Canadian Prime Minister Justin Trudeau's explosive allegations of a "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, 45, on his country's soil on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
India angrily rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case.
"In the context of recent developments in Canada and in India, there are calls for protests and some negative sentiment towards Canada on social media. Please remain vigilant and exercise caution," the Canadian government said in an

India's rage is misplaced and hardly serves to endear the country to those appalled by the idea that it may have had a Canadian citizen killed

The National Investigation Agency on Wednesday is conducting major raids across 6 states in 3 cases at 51 locations belonging to associates of Lawrence, Bambiha and Arsh Dalla Gangs

Khalistan

In the wake of Canada's allegations about India's potential involvement in the killing of a Khalistani separatist on its soil, External Affairs Minister S Jaishankar has said that New Delhi conveyed to Ottawa that it is not the government of India's policy and it is open to looking at specific and relevant information in the case.
Yes, I do have a comment. I'll share with you very frankly what we told the Canadians, Jaishankar said during a conversation at the Council on Foreign Relations (CFR) here Tuesday when asked if he had any comment on the allegations by Canadian Prime Minister Justin Trudeau that agents of the government of India are linked to the killing of a Canadian Sikh.
"One, we told the Canadians that this is not the government of India's policy. Two, we told the Canadians saying that look, if you have something specific, if you have something relevant, let us know. We are open to looking at it, he said during a conversation with former US Ambassador to India and CFR ..

Sources privy to the development have informed ANI that 'One Nation One Election' would be beneficial not only in the national interest but would also save a lot of the financial reserves of the govt

Voting, elections, Polls, Votes

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S Jaishankar, EAM S Jaishankar

The company's revenue from operations in FY23, Agarwal added, stood at approximately Rs 5,463 crore in FY23 up from Rs 4,781 crore in FY22, marking a 14 per cent increase

Seafood importers

China bans seafood from Japan after Fukushima plant releases wastewater

S Korea dismisses chances of lifting Japan Fukushima seafood import ban

China lifts suspension from 99 Indian seafood processing, exporting units

MPEDA opens quality control lab in Porbandar for seafood exporters

Revival in production and exports buoys seafood firms: CRISIL SME Tracker

Seafood importers, exporters meet to address shrimp antibiotic issue