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NSSHO Ranchi organises “E Tendering Program and Facilitation on Credit Support” for SC-ST

NSSHO Ranchi recently organised “E Tendering Program and Facilitation on Credit Support” for SC-ST units of Tupudana Industrial Area, in association with Tupudana Industrial Association, GEM and HDFC Bank, at Common Facility Centre, Tupudana Industrial Area, Ranchi, Jharkhand.

Addressing the participants Smt. Kiran Maria Tiru, SBM NSSHO Ranchi, briefed the schemes of NSSH. Sh. S.K. Choudhary, Banking Professional, NSSHO Ranchi briefed the paper requirements and process of getting credit facilitations from the bank. Sh. Vivekanand, E Tendering Professional, NSSHO Ranchi, explained the benefits of registration under GEM and the procedure for registration. He also invited participants to get vendor registration for Meccon, NTPC etc.

Other Deligates who addressed the participants were Sh. Subodhkant, GEM Trainer, Jharkhand, Sh Manitesh, Branch Head HDFC Bank Lalpur, Ranchi, Sh. Mayank, SME Head, HDFC Bank, Ranchi.

The question Answer session was addressed by all delegates. Approx 39 number of participants, attended the program.

The Karnataka HC has held that an employee cannot seek a change in the recorded date of birth after a considerable lapse of time.

Copy of judgement attached.

Indian Institute of Foreign Trade improves 12 ranks in NIRF ranking

From 27th rank in 2023 to 15th this year, the Indian Institute of Foreign Trade (IIFT) under Ministry of Commerce and Industry, Government of India has made a steep jump of 12 spots in its NIRF (National Institutional Ranking Framework) ranking released by Ministry of Education. This has been a record improvement in the institute’s ranking since beginning of NIRF ranking in 2016.

Congratulating IIFT on this remarkable feat Union Minister of Commerce and Industry, Shri Piyush Goyal expressed his confidence that the institute would soon transform into a world class institute that would greatly contribute to India’s impressive growth in trade and investments. From 27th rank in 2023 to 15th rank this year, the Indian Institute of Foreign Trade (IIFT) Delhi has made a remarkable progress. With India’s growing influence in global trade this achievement highlights IIFT’s crucial role in nurturing future leaders in international business, he said.

Shri Sunil Barthwal, Secretary, Department of Commerce and Chancellor, IIFT, also congratulated on this remarkable achievement and expressed full support from Department of Commerce to conduct cutting-edge research on contemporary issues in international trade including bilateral and multilateral trade engagements, exports promotion and institutional development.

In the recent months, various measures of the institute have been recognised. The institute has taken a host of holistic initiatives to improve its teaching, learning and resources, research and professional practices, graduation outcomes, outreach and inclusivity and perception.

IIFT is on the path of rapid transformation into a world class B-School of global repute with special focus on international trade and business making it a unique institute that conducts highly sought after educational programmes such as Ph.D., MBA (International Business), MBA (Business Analytics) and MA Economics specialising in International Trade and Finance.

As a part of new initiatives, the institute is in the process of establishing a state of art Centre for International Negotiations (CIN) to provide training to corporates and policy makers on international negotiations. Besides, IIFT is also establishing Foreign Trade Case Study Centre (FTCSC) to work closely with exporters, governments and businesses and develop world class case studies on the lines of Harvard and share Indian experiences on International Trade with the rest of the world.

The institute plans to work closely with the governments, central and states and carry out insightful research on issues of contemporary importance besides high-end capacity building programmes. Various export promotion organisations such as APEDA have evinced keen interest to sponsor PhD students on the area of contemporary research interest.

IIFT is also contemplating to commence an offshore campus in Dubai with an active support from Department of Commerce, Ministry of Commerce and Industry.

Mah publishes Draft notification inviting suggestions for revision of minimum wages in Employment in shop or commercial establishment not being an employment in any bank or an employment which is included under any other entries in the Schedule.

Copy of notification attached.

EPFO has announced the launch of its New Online Module to simplify surrender of Exemption.

Text of Press Release attached.

MoU between Ministry of MSME and Small Business Administration (SBA), Government of United States of America

Shri S. C. L Das, Secretary, Ministry of Micro, Small and Medium Enterprises, Government of India and Ms. Isabel Casillas Guzman, Administrator, Small Business Administration (SBA), Government of the United States of America, in keeping with the direction given by the Leaders of the two countries in the India-US Joint Statement of June 2023, signed a Memorandum of Understanding for promoting Cooperation on Small and Medium-size Enterprises on 13th August 2024 in New Delhi.

The MoU provides a framework for both sides to discuss issues concerning micro, small and medium enterprises (MSMEs) and explore possibilities of cooperation. It envisages the exchange of expertise between the two sides on issues related to improving MSME participation in the global marketplace through mutual visits as well as webinars and workshops on topics including access to trade and export finance; technology and digital trade; green economy; and trade facilitation. It also provides for the joint conduct of programmes for women entrepreneurs to empower them and facilitate trade partnership between women-owned small businesses of the two countries.

Recognizing the crucial role that MSMEs play in advancing inclusive growth, expanding exports, and boosting employment, the two sides also agreed to explore the development of a “Business Matching Digital Platform” to boost business opportunities.

Under Article 226, it is impermissible for the High Court to reappraise the facts in a departmental enquiry. The Supreme Court held that where there is some evidence which the authority entrusted with the duty to hold the enquiry has accepted and which evidence may reasonably support the conclusion that the delinquent officer is guilty of the charge, it is not the function of the High Court to review the evidence and to arrive at an independent finding on the evidence

Copy of judgement attached

The Delhi HC has held that consent requires consensus ad idem and there must be positive consent present from the petitioner side with respect to the appointment of an arbitrator. If such consent is absent, the appointment becomes unilateral and ex facie illegal.

Copy of judgement attached