The definition of “employee” under Section 2(e) of the Payment of Gratuity Act, 1972, covers all persons including Fixed Term Contract employees – Orissa HC
The definition of “employee” under Section 2(e) of the Payment of Gratuity Act, 1972, covers all persons including Fixed Term Contract employees – Orissa HC
To promote shipment of nutri-cereals, the Ministry of Commerce and Industry through its apex agricultural export promotion body, Agricultural and Processed Food Products Export Development Authority (APEDA) has prepared a comprehensive strategy to promote Indian millet exports across the globe commencing December 2022.
The millets export promotion programme also comes on a proposal by India, supported by 72 countries which led to the United Nations’ General Assembly (UNGA) declaring 2023 as International Year of Millets (IYoM). The government is currently organising IYoM-2023 at domestic and international level to popularise Indian millets as well as its value-added products across the world and make it a peoples’ movement.
As per the government’s strategy to promote millets, Indian missions abroad would be roped in branding and publicity of Indian millets, identification of international chefs as well as potential buyers such as departmental stores, supermarkets and hypermarkets for organising B2B meetings and direct tie-ups. The centre plans to facilitate participation of exporters, farmers and traders in 16 international trade expos and Buyer Seller Meets (BSMs).
In addition, Ambassadors of Foreign missions in India of the targeted countries and potential importers would also be invited to showcase various millet-based products, including Ready to Eat millet products and facilitate B2B meetings.
APEDA will organise millet promotional activities in South Africa, Dubai, Japan, South Korea, Indonesia, Saudi Arabia, Sydney, Belgium, Germany, United Kingdom and United States of America by facilitating participation of different stakeholders from India in some of the significant food shows, Buyer Seller Meets and Road Shows.
The pre-launch of IYoM-2023 is scheduled for December 5, 2022 involving stakeholders of the supply chain such as FPOs, Start-ups, exporters, producers of millet-based value-added products. Besides, buyer seller meets would also be organized in the countries of Indonesia, Japan, United Kingdom, etc to promote Indian millets.
The Centre has developed 30 e-Catalogues on each of the targeted countries comprising information on various Indian millets and range of their value-added products available for export, list of active exporters, start-ups, FPOs and importer/retail chain/hypermarkets, etc that to be circulated to the Indian Embassy abroad, importers, exporters, start ups and stakeholders.
Government is also mobilising start-ups for export promotion of value-added products in the Ready to Eat (RTE) and Ready to Serve (RTS) category such as noodles, pasta, breakfast cereals mix, biscuits, cookies, snacks, sweets, etc.
India is one of the leading producers of millets in the world with an estimated share of around 41 percent in the global production. As per FAO, world production of millets in the year 2020 was 30.464 million metric tons (MMT) and India’s share was 12.49 MMT, which accounts to 41 percent of the total millet production. India recorded 27 percent growth in millet production in 2021-22 as compared to millet production in the previous year was 15.92 MMT.
It is estimated that the millets market is set to grow from its current market value of more than USD 9 billion to over USD 12 billion by 2025.
A tenant, who has suffered an eviction decree is liable to pay compensation for use and occupation of the premisesuring the pendency and the final disposal of the revision application by the High Court
The Government of India has made amendments in the Foreign Trade Policy and Handbook of Procedures to allow for International Trade Settlement in Indian Rupees – invoicing, payment, and settlement of exports/imports in Indian Rupees.
Accordingly, the Directorate General of Foreign Trade (DGFT) had earlier introduced Para 2.52(d) vide Notification No. 33/2015-20 dated 16.09.2022 to permit invoicing, payment and settlements exports and imports in INR in sync with RBI’s A.P. (DIR Series) Circular No.10 dated 11th July 2022.
In continuation to the above notification, changes have been introduced under Para 2.53 of the Foreign Trade Policy, for grant of exports benefits/fulfilment of Export Obligation under the Foreign Trade Policy, for export realisations in Indian Rupees as per the RBI guidelines dated 11th July 2022.
The updated provisions for Export Realisation in Indian Rupees been notified for, imports for exports (Para 2.46 of FTP), export performance for recognition as Status Holders (Para 3.20 of FTP), Realisation of export proceeds under Advance Authorisation (AA) and Duty Free Import Authorisation (DFIA) schemes (Para 4.21 of FTP) and Realisation of Export Proceeds under Export Promotion Capital Goods (EPCG) Scheme (Para 5.11 of HBP).
Accordingly, benefits/fulfilment of Export Obligation under the Foreign Trade Policy has been extended for realisations in Indian Rupees as per the RBI guidelines dated 11th July 2022. Given the rise in interest in internationalisation of Indian Rupee, the given Policy amendments are aimed at facilitating and easing international trade transactions in INR.
In a bid to further strengthen India’s commitment towards its Nationally Determined Contribution (NDCs) targets, adopted under the Paris Agreement, and attract global and domestic investments in eligible green projects, Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman has approved the final Sovereign Green Bonds framework of India. The proceeds generated from issuance of such bonds will be deployed in Public Sector projects which help in reducing carbon intensity of the economy. Through these, the Government plans to mobilise Rs 16,000 crore during the second half of the current financial year.
The Framework comes close on the footsteps of India’s commitments under ‘Panchamrit’ as elucidated by the Prime Minister, Shri Narendra Modi, at COP26 at Glasgow in November, 2021. The approval is fulfillment of the announcement in the Union Budget FY 2022-23 by the Union Finance Minister that Sovereign Green Bonds will be issued for mobilising resources for green projects.
India’s first Sovereign Green Bonds framework was formulated, and as per the provisions of the framework, Green Finance Working Committee (GFWC) was constituted to validate key decisions on issuance of Sovereign Green Bonds.
Further, CICERO, an independent and globally renowned Norway-based Second Party Opinion (SPO) provider, was appointed to evaluate India’s green bonds framework and certify alignment of the framework with ICMA’s Green Bond Principles and international best practices. CICERO has rated India’s Green Bonds Framework as ‘Medium Green’ with a ‘Good’ governance score.
The Union Cabinet has approved ‘Guidelines for Uplinking and Downlinking of Television Channels in India, 2022,’ after a period of 11 years. The consolidated Guidelines aim to ease permissions to the companies/LLPs registered in India for Uplinking and Downlinking of TV Channels, setting up of Teleports/Teleport Hubs, use of Digital Satellite News Gathering (DSNG)/Satellite News Gathering (SNG)/Electronic News Gathering (ENG) systems, uplinking by Indian News agencies and temporary uplinking of a live event.
As per the Government, the main advantages of the revised guidelines are as follows: –
As a measure to balance the price stability of sugar in the country and the financial positions of sugar mills in the country, based on initial estimates of sugarcane production, the Government of India has allowed export of sugar up to 60 LMT during the sugar season 2022-23. DGFT has already notified to extend the inclusion of sugar exports under ‘Restricted’ category up to 31st October, 2023.
The Central Government has prioritised availability of about 275 Lakh Metric Tonnes (LMT) sugar for domestic consumption, about 50 LMT sugar for diversion to ethanol production and to have a closing balance of about 60 LMT as on 30.09.2023. The balance sugar produced by sugar mills in the country would be allowed for exports. As per the Government, sugarcane production in the country will be reviewed periodically and based on the latest available estimates, the quantity of sugar exports to be allowed could be reconsidered.
During SS 2021-22, India exported 110 LMT sugar and became the world’s second largest exporter of sugar, earning about Rs. 40,000 crore worth of foreign exchange for the country. Timely payment and low carrying cost of stocks for sugar mills also resulted in early clearance of cane arrears of farmers. As on 31.10.2022, more than 96% of cane dues of farmers for SS 2021-22 were cleared despite record procurement of sugarcane of more than 1.18 lakh crore rupees.
In the sugar export policy for SS 2022-23, the Government has announced sugar mill wise export quota for all sugar mills in the country, with an objective system based on average production of sugar mills in the last three years and average sugar production of the country in the last three years. Further, to expedite sugar exports and to ensure flexibility to sugar mills in execution of the export quota, mills may decide to surrender the quota partially or fully within 60 days of the date of issue of order OR they can swap the export quota with domestic quota within 60 days.
As per the Government, at the end of Sugar Season 2022-23, it is expected that most sugar mills will be able to sell their production either in domestic market or in international market through exports and will clear the cane dues of farmers in time.
Union Minister of Environment, Forest and Climate Change, Shri Bhupender Yadav inaugurated the India Pavilion at the 27th Session of the Conference of Parties of the UNFCCC (COP 27) in Sharm El-Sheikh, Egypt, November 6.
At COP27, India is looking at substantial progress in discussions related to climate finance. “We also look forward to the introduction of new technologies, and new collaborations to facilitate technology transfers,” the Union Minister said. In its official release, the government said that India welcomes the Egyptian Presidency of COP27, which has named it as the COP of ‘Implementation’, as over the last twelve months the world has seen a widening gap between statements made by developed countries at COP 26 in Glasgow and the reality of their actions.
“India will support the Egyptian Presidency, for a plan of action that answers the needs of developing countries. Adaptation and loss and damage are two issues at the centre of attention, and progress on these two issues will complement each other. The existing financial mechanisms, like GEF, GCF and Adaptation Fund, under the Convention have not been able to mobilise or deliver funds for loss and damage due to climate change. These mechanisms are underfunded; accessing funding is cumbersome and time consuming, and most of the funding is for mitigation. Adaptation funding is highly inadequate and loss and damage funding is perhaps none at all,” the release stated.
Themed Mission LiFE, the India pavilion is based on the Mission life concept championed by PM Narendra Modi, a global plan of action aimed at saving the planet from the disastrous consequences of climate change. According to Yadav, India believes that climate action starts from the grassroots, individual level and hence the theme of LiFE- Lifestyle for Environment. “I am confident that, throughout COP, India Pavilion will continue to remind the delegates that simple lifestyle and individual practices that are sustainable in nature can help protect Mother Earth,” said the Union Minister.
COP 27, which will see attendance from more than 120 Heads of State, is scheduled from 6-18 November 2022 with the World Leaders Summit to be held on 7th and 8th November.
Provisions of the Employees Pension (Amendment) Scheme 2014 are legal and valid
Interim relief granted to workers amounts to basic wages as defined in Section 2(b) of the EPF Act, 1952
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