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DPIIT Eases Compliance Norms for Cookware, Utensils Industries

New Delhi: In a significant move to enhance the ease of doing business, the Department for Promotion of Industry and Internal Trade (DPIIT) has announced relaxations in the Quality Control Order (QCO) 2024 for cookware, utensils, and cans used in food and beverages. This initiative aims to improve the quality ecosystem in India, attract investments, and support entrepreneurial talent.

One of the key relaxations includes exempting very small micro-enterprises—those registered under the Udyam portal with investments in plant and machinery below ₹25 lakhs and annual turnover not exceeding ₹2 crores—from compliance with the QCO. Additionally, a six-month grace period has been introduced to allow businesses to clear legacy stock. Another noteworthy change is the exemption for importing up to 200 units of cookware and cans intended for research and development purpose.

The QCO, originally notified on August 10, 2023, established five Indian Standards for the products, but its implementation has been extended to address industry concerns. The updated timelines specify that large and medium-sized manufacturers will need to comply by April 1, 2025, while small enterprises will have until July 1, 2025, and micro-enterprises until October 1, 2025.

The revised QCO also reflects India’s commitment to achieving self-reliance in manufacturing and enhancing product quality. Compliance with these standards is expected to bolster consumer trust and establish India as a manufacturing hub for premium quality goods, benefiting both domestic and international markets.

(As per press release by PIB)

Air India Flight from Delhi to Chicago Diverted Due to Bomb Threat

An Air India flight traveling from Delhi to Chicago was diverted to Iqaluit Airport in Canada on October 15, 2024, following a bomb threat. The incident occurred when a note indicating a bomb threat was discovered in the aircraft’s lavatory during the flight.

Upon discovering the note, the flight crew promptly declared an emergency and contacted air traffic control, leading to the diversion to Iqaluit, where the aircraft landed safely. All 185 passengers and crew members were unharmed and evacuated without incident.

Upon landing, the aircraft was isolated and security protocols were initiated. The Royal Canadian Mounted Police (RCMP) launched an investigation to determine the source of the threat. Air India confirmed that passenger safety was prioritized throughout the incident and stated that all necessary procedures were followed diligently.

Neeraj Shridhar Collaborates with Diljit Dosanjh and Pitbull for ‘Bhool Bhulaiyaa 3’ Title Track

Pop sensation Neeraj Shridhar is joining forces with Punjabi star Diljit Dosanjh and American rapper Pitbull for the title track of the much-anticipated horror comedy “Bhool Bhulaiyaa 3.”The track, which features an exhilarating blend of Bollywood energy and international beats, is a fresh rendition of Shridhar’s original song from the 2007 film.

Actor Kartik Aaryan unveiled a teaser for the track, teasing fans with a promise of a “coolest collab” and inviting them to get ready for the “#SpookySlide.” The music is composed by Tanishk Bagchi in collaboration with Pritam, who crafted the melody for the original film, while lyrics are penned by Sameer.

Directed by Anees Bazmee, “Bhool Bhulaiyaa 3” stars a star-studded cast, including Madhuri Dixit, Vidya Balan, and Triptii Dimri. The film is set for a Diwali release on November 1, 2024, ensuring a festive treat for audiences.

Arrest Made in Baba Siddique Murder Case: Third Suspect Detained by Mumbai Police

MUMBAI: The Mumbai Police have made a significant development in the murder case of NCP leader Baba Siddique, who was shot dead on October 12, 2024. Officials announced the arrest of Harishkumar Balakram, a 23-year-old scrap dealer from Bahraich, Uttar Pradesh. Balakram allegedly provided financial and logistical support to the shooters involved in the assassination.

Siddique was targeted near his son’s office in Bandra East, where he was shot multiple times around 9:30 PM. The police have confirmed that the notorious Lawrence Bishnoi gang orchestrated the attack, with Praveen Lonkar arrested for facilitating the operation. His brother, Shubham Lonkar, is believed to be the mastermind behind the murder.

The investigation continues as law enforcement aims to apprehend additional suspects involved in this high-profile case.(inputs from agencies)

Aishath Azeema Appointed as Maldives’ New Envoy to India

In a significant diplomatic development, Aishath Azeema has been appointed as the new ambassador of the Maldives to India, succeeding Ibrahim Shaheeb. This appointment is part of a broader strategy to strengthen ties between the two nations, which have historically maintained close bilateral relations. The announcement comes shortly after President Mohamed Muizzu’s state visit to India earlier this month, signaling a renewed commitment to enhance diplomatic engagement.

Azeema brings extensive experience to her new role, having previously served as the Maldives’ ambassador to China, where she played a crucial part in fostering relations with a key global player. Her expertise in international diplomacy will be pivotal as the Maldives seeks to reinforce its partnerships in the region, particularly with India, which is regarded as one of the Maldives’ closest allies.

The Maldivian government has emphasized the importance of its relationship with India, with Azeema’s appointment reflecting a commitment to maintaining strong ties amid regional geopolitical shifts. The Maldives has been keen to balance its foreign relations, especially following previous administrations that leaned towards different alliances.

This transition in diplomatic leadership not only highlights Azeema’s qualifications but also aligns with President Muizzu’s vision for a more interconnected and cooperative South Asia. As she assumes her role in New Delhi, expectations are high for Azeema to facilitate dialogue and collaboration on various fronts, including trade, tourism, and security.

EAM S. Jaishankar Arrives in Islamabad for SCO Meeting

Indian External Affairs Minister S. Jaishankar arrived in Islamabad on October 15, 2024, to attend the Shanghai Cooperation Organisation (SCO) Council of Heads of Government meeting. This visit marks a significant moment, as it is the first by a senior Indian minister to Pakistan in nearly a decade.

Jaishankar was welcomed at Nur Khan Airbase by senior Pakistani officials. His participation in the SCO summit underscores the importance of regional cooperation, particularly in light of Pakistan’s rotating chairmanship of the organization, which includes major players such as China, Russia, and several Central Asian nations.

The last time India was represented at a high level in Pakistan was in 2015 when then-External Affairs Minister Sushma Swaraj attended the Heart of Asia conference. Relations between India and Pakistan have remained tense, primarily due to issues related to Kashmir and cross-border terrorism. Despite these challenges, Jaishankar’s visit is seen as an opportunity to engage in dialogue on mutual concerns, although it remains unclear if he will hold bilateral talks with Pakistani officials during his stay.

The SCO summit, scheduled for October 15-16, 2024, will focus on various issues, including economic collaboration and regional security. Pakistan has emphasized that this meeting is crucial for fostering ties among member states despite the underlying geopolitical tensions.

Maharashtra Assembly Elections 2024, says CEC Rajiv Kumar

New Delhi: The Election Commission of India (ECI) has announced  that the Maharashtra Assembly elections will take place on November 20, 2024, in a single phase. Chief Election Commissioner Rajiv Kumar announced that the vote counting is scheduled for November 23. The elections are crucial as the term of the current assembly ends on November 26.

The major political alliances in the fray include the ruling BJP-Shiv Sena-NCP coalition and the opposition Maha Vikas Aghadi (MVA), featuring Shiv Sena (UBT), NCP (SP), and Congress. (Inputs from Agencies)

SBI Cuts Loan Interest Rate by 25 bps for Short-Term Tenure

The State Bank of India (SBI) has revised its marginal cost of funds-based lending rates (MCLR), reducing the one-month tenure interest rate by 25 basis points (bps), effective from October 15, 2024. This rate cut brings the one-month MCLR down from 8.45% to 8.20%. Other tenures, however, remain unchanged.

For home loans, the interest rates remain between 8.50% and 9.65%, depending on the borrower’s credit score. Additionally, the base rate for SBI stands at 10.40%, and the Benchmark Prime Lending Rate (BPLR) is 15.15%.

SBI’s move comes amidst expectations of easing inflationary pressures and aims to enhance liquidity for short-term borrowers. However, some analysts argue that this may not result in significant relief for long-term borrowers, as the majority of MCLR rates remain unchanged.

Senior SBI official C.S. Shetty explained the rationale behind the decision, saying, “This adjustment primarily targets short-term liquidity needs, ensuring borrowers have access to more affordable credit in the current economic environment.”

Market experts believe that while this cut offers temporary relief, the overall lending market remains competitive, with other banks likely to follow suit in adjusting their rates to maintain customer retention.

The reduction is part of SBI’s broader strategy to align its loan offerings with evolving market conditions while maintaining a cautious approach towards long-term deposit and lending rates.

Mahayuti announces last-minute MLC appointments ahead of Poll Code

Mumbai: In a significant political maneuver, the ruling Mahayuti alliance in Maharashtra swiftly moved to have seven new members of the Legislative Council (MLCs) sworn in just hours before the Election Commission’s Model Code of Conduct came into force on October 15, 2024. The appointees represent the alliance’s key factions: the Bharatiya Janata Party (BJP), Eknath Shinde-led Shiv Sena, and Ajit Pawar’s Nationalist Congress Party (NCP) faction.

The seven nominees were sworn in during a ceremony at Vidhan Bhavan in Mumbai, strategically timed ahead of the anticipated announcement of the Assembly election schedule by the Election Commission of India. Governor Ramesh Bais cleared the nominations submitted by Chief Minister Eknath Shinde’s government late on Monday, marking the first appointments to these Governor’s quota seats since 2020. The upper house can have up to 12 such nominees, with the remaining seats unfilled due to prior political infighting.

Among the new MLCs are notable figures like Chitra Wagh, BJP’s women’s wing chief, and Pankaj Bhujbal, son of NCP leader Chhagan Bhujbal. The appointments drew swift backlash from opposition parties, with the Uddhav Thackeray-led Shiv Sena faction filing a legal challenge in the Bombay High Court, accusing the government of bypassing proper procedures in filling the seats.

These appointments come amid increasing political tensions as Maharashtra gears up for Assembly elections, likely to be one of the most closely watched contests in the country. With the election code now in place, parties are gearing up for a high-stakes battle, with Chief Minister Shinde aiming to solidify his position, and Ajit Pawar’s NCP faction trying to expand its influence.