India has slapped anti-dumping duty on imports of certain steel products from three South Asian countries viz China, Malaysia and South Korea. The anti-dumping duty was imposed by Union Finance Ministry on the recommendation of Directorate General of Anti-Dumping Duty (DGAD) to protect domestic producers from below-cost inbound shipments. The duties have been imposed for five years on imports of certain varieties of steel especially on hot-rolled flat products of stainless steel used in automobile sectors.
Earlier, DGAD, under the Union Ministry of Commerce had conducted investigation on dumping of certain Hot Rolled Flat Products of Stainless Steel of ASTM Grade 304 with all its variants exported from China, Korea and Malaysia based upon complaint filed by Jindal Stainless Limited. DGAD in its investigation probe had concluded that these steel products have been exported to India from these countries are below its associated normal value resulting in dumping of the product.
It is duty imposed by government on imported products which have prices less than their normal values or domestic price. Usually countries initiate anti-dumping probes to check if domestic industry has been hurt because of a surge in below-cost imports. Anti-Dumping Duty is imposed under the multilateral WTO regime and varies from product to product and from country to country. In India, anti-dumping duty is recommended by the Union Ministry of Commerce, while the Union Finance Ministry imposes it.
Former bureaucrat Dr. Mahesh N. Buch who was widely regarded as the architect of modern Bhopal, passed away following a brain stroke in Bhopal, Madhya Pradesh. He was 80. He was known for his clear views in context of urban planning and environment protection for betterment of Bhopal and Madhya Pradesh.
Dr. Buch was born on October 5, 1934, in Bhopal, Madhya Pradesh. He graduated in Economics from the St. Stephen’s College of Delhi in 1954. He had joined government service in 1957, and later in 1964, he had passed civil services examination. He was Indian Administrative Service (IAS) officer from the Gujarat cadre. He has held several import portfolios as bureaucrat in Gujarat including Education Secretary, Chairman of the Kandla Port Trust, Executive Director of the Gujarat State Fertilizer Company and the Managing Director of the Gujarat Small Industries Corporation.
Dr. Buch had voluntary retired from the government service after serving as Gujarat’s Chief Secretary in 1984. Later he had founded the NGO named National Centre for Human Settlements and Environment in Bhopal. In 1967-68, he had served as the Parvin Fellow at the Woodrow Wilson School of the Princeton University. In 2002, he was conferred the title Doctor of Science (DSc) from the Rajiv Gandhi Technical University. He also had served as chairman of the Board of Governors ABV – Indian Institute of Information Technology and Management, Gwalior.
India and Bangladesh have signed pact to operationalise the historic Land Boundary Agreement (LBA) between both nations. It was signed by Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina during his maiden visit to Bangladesh. In this regard, two sides swapped instruments of ratification regarding the LBA. The operationalisation of LBA paves the way for exchange of 162 enclaves under the control of either countries as per the 1974 pact. The LBA was passed unanimously by the Parliament last month.
Under the Agreement, 111 border enclaves will be transferred to Bangladesh in exchange for 51 that will become part of India. The agreement settles land boundary dispute which dates back to colonial times as India transfers 111 border enclaves to Bangladesh in exchange for 51 enclaves. It also settles the question of citizenship for over 50,000 people in these enclaves.
Apart from this, Prime Minister Narendra Modi announced a fresh line of credit of 2 billion dollars to Bangladesh. Both nations also signed 22 agreements, including on cooperation in maritime safety and agreements to curb human trafficking and fake Indian currency. Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina also flagged off the Kolkata-Dhaka-Agartala bus service marking a historic moment in the bilateral relations between the two countries.
Adani Power Limited (APL) and Reliance Power Limited of India have signed separate memorandums of understanding (MoUs) with Bangladesh Power Development Board (BPDB). These MoUs were signed on the first day of Indian Prime Minister Narendra Modi’s visit to Bangladesh. The deals were signed to set up 4,600 MW power plants in Bangladesh worth $5.5 billion. Under the deal, APL will invest 2.5 billion dollars to set up a coal-based power plant with a capacity of 1,600 MW. While Reliance Power will set up an imported liquefied natural gas-based power plant with a capacity of 3,000 MW with an investment of 3 billion dollars. The two Indian companies will complete construction of the plants in 13 months after final agreements are reached. These plants will help Bangladesh to tackle power shortages that are crimping its economic growth and deterring investment as country produces 7,000 MW of electricity but demand far exceeds supply, with a daily shortage up to 1,500 MW.
Barcelona FC has won 2015 Union of European Football Associations (UEFA) Champions League trophy for the fifth time. In the summit clash played at the Olympiastadion in Berlin, Germany they defeated Juventus FC by 3-1 goals. Ivan Rakitic had first scored goal for Barcelona in the fourth minute and later Luis Suárez restores at 68 minute and Neymar scored the goal in extra time. Earlier, Barcelona FC had won UEFA Champions League trophy in 1992, 2006, 2009 and 2011,
UEFA Champions League (simply known as the Champions League) is an annual continental club football competition organised by the UEFA. It is contested by top-division European club and is considered as one of the most prestigious tournaments in the world. It is also most prestigious club competition in European football, played by the national league champion and for some nations of each UEFA national association.
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