Ram Vilas Paswan
Retail, wholesale trade to get MSME status
Noting that retail and wholesale trade were left out of the ambit of MSMEs, Union MSME Minister Nitin Gadkari, in a string of tweets, said: "Under the revised guidelines, MSME has issued order to include retail and wholesale trade as MSME and extending to them the benefit of priority sector lending under RBI guidelines." With the revised guidelines, the retail and wholesale trades will be now be allowed to register on Udyam portal.
Import of US blueberries to India increases: USHBC
In a statement, the USHBC said that imports of US blueberries in all forms have increased since 2009, and the council intends to continue to develop new opportunities for Indian consumers to enjoy the flavour and unique health benefits of blueberries and blueberry ingredients. It noted that US blueberries not only have a reputation for consistent quality, but also offer many nutritional and health benefits.
'US retains tariff retaliation option if DST still in place'
"We share your goal of making discriminatory digital service taxes a thing of the past. And we've made substantial progress here," Yellen told lawmakers at a hearing held by the Senate Finance Committee on Wednesday. "We are pursuing absolutely every avenue toward a swift and comprehensive standstill and rollback of our DSTs."
New Covid wave in Asia to worsen global chip shortage: Report
The global semiconductor shortage will persist through 2021 and is expected to recover to normal levels by the second quarter of 2022, a Gartner report said last month. Across most categories, device shortages are expected to be pushed out untill the second quarter of 2022, while substrate capacity constraints could potentially extend to fourth quarter of 2022.
India asks Cambodia to withdraw meat import ban
India has asked Cambodia to withdraw the temporary ban on import of buffalo meat and other meat products from India immediately, making it clear that the move is harmful for business sentiments, especially when both countries are trying to negotiate a Bilateral Free Trade Agreement.
Asian exports, pandemic demand fuel record global trade rebound
Countries in the region thrived after "early success in pandemic mitigation," which "allowed them to rebound faster and to capitalize on booming global demand for Covid-19 related products," the United Nations Conference on Trade and Development (UNCTAD) said in a report published on Wednesday.
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