Chinese soldier breaches LAC, held by Indian Army

Chinese Soldier

Amid rising tensions between India and China, a Chinese soldier breached the Line of Actual Control (LAC) and entered the Indian territory after which he was nabbed by the Indian soldiers. The Indian Army has captured this Chinese soldier around the Demchok area of Ladakh on Monday. The Indian Army has identified the Chinese soldier as Corporal Wang Ya Long. The Indian Army provided the People’s Liberation Army (PLA) Soldier with necessary medical attention, warm clothes, food, and oxygen to protect the soldier from rough climatic conditions and its effects…

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India bans import of air conditioners with refrigerants

Air-conditioner

On Thursday, The Central Government banned the import of air-conditioners with refrigerants. In order to encourage and promote domestic manufacturing, eliminating imports of non-essential products, this move has been executed. Earlier on October 15th, The Director-General of Foreign Trade (DGFT) issued a notice which mentioned that the policy of importing air conditioners with refrigerants is amended and now stands prohibited. The imposed ban on air-conditioners with refrigerants applies for both window and split versions. Minister of Commerce & Industry, Mr. Piyush Goyal has approved the decision to prohibit these products…

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Automotive companies pondering contract manufacturing to raise utilization ratio

Contract Manufacturing

Due to declining sales for over two consecutive years and predictions of recovery of the Auto-sector taking more than three years, the vehicle makers are now exploring options of contract manufacturing to utilize the idle capacities of the manufacturing units. In order to earn a profit, the Auto-makers need to utilize at least 70 percent of their total manufacturing capacity. Last financial year, before the outbreak of the pandemic, the auto-companies utilized less than 60 percent of their total available manufacturing capacity. To boost the utilization ratio, Auto-sector companies such…

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Infosys takes over US-based digital service provider Blue Acorn iCi

Infosys

On Thursday, Infosys Ltd publicized an agreement to take over US-based Blue Acorn iCi for around $125 million. Blue Acorn iCi is a digital customer experience, commerce, and analytics solutions provider. In 2019, Blue Acorn iCi generated $43.6 million revenue and the Infosys acquisition is expected to close during the third quarter of 2021, as per reports. A statement issued by Infosys stated that this move will strengthen the company’s end-to-end customer experience and depicts the company’s efforts towards sustained commitment to transform and navigate clients’ digital journeys. Through merging…

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India, Japan ink security pact

India and Japan

On Wednesday, India and Japan finalized a cybersecurity deal to strengthen the digital and cyber system security. The deal aims to make the cyber operations robust and resilient against attacks. This move comes weeks after both the countries completed a logistics support pact for closer operations between their militaries. After thirteen rounds of Indo-Japan strategic dialogue conducted in Tokyo, a joint statement by Indian Foreign Minister S Jaishankar and Motegi Toshimitsu of Japan stated that both the countries are keen to make the Indo-Pacific region free, open, inclusive, and premised…

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Government extends the deadline further to file ITR of FY 2018-19

ITR

For FY 2018-19, the Income Tax Department has extended the deadline to file belated/revised income tax returns (ITR) from 30 September 2020 to 30th of November, 2020. This announcement was made public by the official twitter handle of the Income Tax Department of India. Income Tax Department has stated that the decision was taken due to the current pandemic situation and the genuine difficulties faced by the taxpayers. Further, the CBDT will extend the deadline for drafting of belated & revised ITRs for the assessment year 2019-20 to 30th November, 2020 from 30th…

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Gold, Silver prices continue to decline in the Indian market

Gold

The prices of Gold and Silver have continued to decline sharply in Indian Markets. Today on MCX, Gold futures lowered 0.4% to ₹49,460/10 gram, continuing its a downfall from last week. Whereas, Silver too declined about 1% to ₹58,473/Kg. The Indian market of Gold and Silver took a heavy blow last week when the prices of these metals were lowered sharply. Gold prices in the country declined about ₹2000/10 gram while Silver prices were lowered by ₹9000/kg last week. Comparing the price of Gold to that of August 7th, it’s…

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Bihar government will give 25 thousand to 12th pass and Rs 50,000 on graduation: CM Nitish

With the announcement of Bihar assembly election dates, Chief Minister Nitish Kumar announced seven definitive part-two for his next term. During the press conference at the JDU headquarters in Karpoori auditorium on Friday evening, he said that seven decisions were announced in the last election. He did what he promised. If I get a chance, I will bring seven sure-two parts. Under this, maintenance will be done for whatever work will be done. Nitish Kumar said that for ‘Saksham Bihar, Swalambi Bihar’, he will bring another seven decisions. Its first…

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Rajya Sabha passes the three remaining reforms of the Labour Bill

Rajya Sabha - Labour Bill

In a crucial session of Rajya Sabha on Wednesday, the upper house passed three important and significant labor reform bills that will remove the obstacles for winding up of companies and will also allow firing employees without the permission of the government in offices and firms up to 300 workers. The Upper House of the Parliament passed the three remaining labor codes on social security, occupational safety, and industrial relations via voice note judgment amid the objection and boycott of these reforms by the opposing parties including eight MPs and…

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Apple to launch its first exclusive online store in India on September 23, know the advantages you can avail

Apple Store Online India

Ahead of the the Indian festive season, Apple is ready to launch it’s very first online store in India on September 23. This move will enhance the premium experience of the Apple customers in the country which will offer a wide range of products, services and support. Apple has also roped in Blue Dart to provide it’s logistics support and courier services to the customers. The exclusive store will be Apple’s 38th online store worldwide which will offer technical experts’ advice and top-notch support facilities to the Indian customers. In…

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