Myntra targets diaspora in overseas push
Myntra targets diaspora in overseas push
19 May 2025 | 4:56 PM
Bengaluru, May 19 (UNI) In a significant step towards global expansion, Indian fashion e-commerce platform Myntra on Monday announced the launch of its international shipping operations, beginning with Singapore. The company aims to reach 12–15 per cent of the Indian diaspora in the city-state by offering over 100 Indian fashion brands through its platform. see more..
Raj Kumar steps down from IDBI Bank board
19 May 2025 | 4:55 PM
Mumbai, May 19 (UNI) IDBI Bank Ltd on Monday announced that Raj Kumar has ceased to be the LIC Nominee Director on its Board with effect from May 18 upon completion of his term. see more..
Kottayam-Kochi Rubber Market Rates
19 May 2025 | 4:50 PM
Kottayam, May 19 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal. see more..
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Time of India
an hour ago
- Time of India
Local Court Lawyers Up In Arms Over Shifting Of 34 Digital Courts
New Delhi: Lawyers from the district courts decided on Saturday to roll back their decision to abstain from work in protest against the shifting of the judges of the 34 digital Negotiable Instruments Act courts to the Rouse Avenue courts. Tired of too many ads? go ad free now A statement released by the All District Courts Bar Association of Delhi on Saturday said that the lawyers' coordination committee met the chief justice of and was assured that all digital courts would function strictly as digital platforms only. The remaining proceedings and judicial work only would be conducted in the regular local courts, the statement said. "Necessary directions are being issued to all presiding officers instructing them not to insist on the physical appearance of any stakeholders, including parties, counsel, police officers, etc, in c+ourt," the statement added. On May 30, high court chief justice Devendra Kumar Upadhyaya inaugurated the 34 digital courts at the Rouse Avenue Courts complex to hear cases under the NI Act. Only judges of these courts will operate from Rouse Avenue, while the staff —readers, ahlmads and stenographers — will operate from their respective districts. The association on Friday, June 6 decided to abstain from work opposing the decision of shiftingthecourts. The digital courts deal with cases related to cheque bounces across six court complexes. The Lok Sabha was informed by the Union law minister in Dec 2024 that Delhi ranked fourth among top five Indian states with regard to NI Act cases and has 4.5 lakh pending cases. A judge in a NI Act court, on average, holds 80 hearings every day. According to the National Judicial Data Grid, until June 7, there were 15.1 lakh cases, of which 31% were cheque bounce cases. Tired of too many ads? go ad free now Last year, advocate Jagriti Jain filed a public interest litigation, highlighting administrative lapses in the digital NI Act court in North district. The petition pointed out the huge pendency of cases as well as connectivity problems of the portal used for digital hearings. In April 2024, a division bench comprising then acting chief justice Manmohan and justice Manmeet Pritam Singh Arora directed steps to be taken to address the issue of digital connectivity and network problems. On May 22 this year, the bench disposed of the Jain's PIL, noting that connectivity issues had been resolved after the registrar general of the high court submitted a report on May 9 outlining the remedial measures taken. A second digital NI Act court was established in the North district and all pending matters were evenly distributed between the two courts. Advocate Parthesh Bhardwaj, who appeared for Jain, told TOI, "As of June, with multiple functioning courts, better cause list management and strengthened technical infrastructure, the average time between hearings at digital NI Act courts in all districts has significantly reduced."
New Indian Express
3 hours ago
- New Indian Express
Embed Indian carbon market in global trade context
The PAT experience Though there are several areas where PAT, launched in 2012, could be implemented better, it has created industry familiarity with a measurement, reporting and verification (MRV) mechanism and a good number of accredited energy auditors. The carbon credit trading scheme (CCTS) will reduce the PAT reporting frequency from three years to an annual basisthereby increasing the spend on the MRV as well as speed of emissions reduction. Absent renewable energy, a majority of industrial emissions emerge out of energy consumption. PAT compliance has entailed over ten years of industry efforts to reduce energy consumption. The low hanging fruit of energy intensity has already been picked. Industry majors have invested in best available technology. Without further investment in technology, can the obligated entities reduce emissions further or will they simply bear the cost of purchasing carbon credits from other better performers? Indian carbon market embedded in global decarbonisation PAT was an autonomous measure to discipline industrial energy consumption. It did not function under any multilateral pressure or even context. CCTS on the other hand will have to respond to linkages and contestation with several carbon markets. CCTS will be a tool to defend Indian industry against cheap imports as well as to gain access to carbon conscious export markets. Building the trade dimension into the Indian Carbon market is imperative to create policy and business opportunities. The PAT experience Though there are several areas where PAT, launched in 2012, could be implemented better, it has created industry familiarity with a measurement, reporting and verification (MRV) mechanism and a good number of accredited energy auditors. The carbon credit trading scheme (CCTS) will reduce the PAT reporting frequency from three years to an annual basis thereby increasing the spend on the MRV as well as speed of emissions reduction. Absent renewable energy, a majority of industrial emissions emerge out of energy consumption. PAT compliance has entailed over ten years of industry efforts to reduce energy consumption. The low hanging fruit of energy intensity has already been picked. Industry majors have invested in best available technology. Without further investment in technology, can the obligated entities reduce emissions further or will they simply bear the cost of purchasing carbon credits from other better performers? Indian carbon market embedded in global decarbonisation PAT was an autonomous measure to discipline industrial energy consumption. It did not function under any multilateral pressure or even context. CCTS on the other hand will have to respond to linkages and contestation with several carbon markets. CCTS will be a tool to defend Indian industry against cheap imports as well as to gain access to carbon conscious export markets. Building the trade dimension into the Indian Carbon market is imperative to create policy and business opportunities.
United News of India
3 hours ago
- United News of India
ADVISORY : Story withdrawn
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