Latest news with #DPPs
Hans India
4 days ago
- Business
- Hans India
Exports likely to touch $1 trn mark in FY26
New Delhi The Federation of Indian Export Organisations (FIEO) on Tuesday said the country is projected to reach the export figure of $1 trillion by the end of this fiscal (FY26). This will constitute merchandise exports at $525-535 billion -- a growth of about 12 per cent from last fiscal -- and services exports at $465-475 billion, a growth of nearly 20 per cent. India's export sector achieved a significant milestone in the fiscal year 2024–25, with total exports reaching a record $824.9 billion, marking a 6.01 per cent increase from the previous year's $778.1 exports surged 13.6 per cent to $387.5 billion in FY25, driven by strong performances in IT, business, financial and travel-related exports reached $437.4 billion, with non-petroleum goods exports hitting a record $374.1 billion, up 6 per cent from the previous year. SC Ralhan, President, FIEO, said that to build upon this momentum and achieve sustained growth in both goods and services exports, certain strategies are recommended. 'Expanding into emerging markets and strengthening trade relations with existing partners can mitigate risks associated with over-reliance on specific regions. Also, shifting focus from raw materials to value-added products can increase export earnings and reduce vulnerability to price fluctuations in global commodity markets,' the FIEO recommended. Negotiating and implementing Free Trade Agreements (FTAs) with key partners can facilitate easier market access and reduce trade barriers, while investing in quality infrastructure, reducing logistics costs, and ensuring compliance with international standards will improve the competitiveness of Indian exports. According to FIEO, providing SMEs with access to finance, and market information will enable them to participate more effectively in international global trade landscape in 2025 is increasingly characterised by a resurgence of protectionist policies, marking a significant shift from the liberalisation trends of previous decades. This protectionism manifests through heightened tariffs, non-tariff barriers (NTBs), and strategic trade measures, impacting global commerce and economic exporters will have to ensure full supply chain traceability—something currently lacking in many traditional sectors like textiles, leather and electronics. 'We request the government to create sector-specific task forces to study DPP requirements and build compliance roadmaps and develop a national framework or digital infrastructure that can help exporters generate DPPs efficiently. The government may also provide assistance or grants to MSMEs to adopt traceability and product lifecycle management systems,' said FIEO.
Associated Press
14-05-2025
- Business
- Associated Press
Cascale Talks ESPR at Innovation Forum Sustainable Apparel Event in Amsterdam
Elisabeth von Reitzenstein, senior director of policy and public affairs at Cascale, recently took to the stage at Innovation Forum's Sustainable Apparel and Textiles Conference in Amsterdam to discuss Eco-Design for Sustainable Products Regulation (ESPR) and how brands can get ahead of implementation. Carsten Wentink, policy officer at the European Commission, joined her for a conversation moderated by Ian Welsh, publishing director at Innovation Forum. Von Reitzenstein noted the significant adaptations that ESPR will require, which will encourage manufacturers and brands to prioritize circularity, transparency, and innovation. She shared key requirements companies must fulfill to comply with ESPR, including proactively integrating eco-design principles, assessing their supply chains, and preparing for Digital Product Passports (DPPs). Von Reitzenstein highlighted the crucial challenges DPPs will present for businesses, particularly those not currently measuring their carbon impact across supply chains. Emphasizing the importance of gathering reliable information from the full scope of suppliers, von Reitzenstein acknowledged the difficulty in collecting comprehensive and accurate data throughout complex global supply chains. She highlighted Cascale's Higg Index tools, exclusively available on Worldly, and how they can support the collection, tracking, and analysis of supply chain data for regulatory compliance. She noted Cascale's continued efforts to support its members along their compliance journeys by providing resources, guidance, and collaborative platforms to navigate the new regulations. Presenting a global perspective, von Reitzenstein emphasized that companies must move beyond compliance to build genuine resilience. She underscored the critical role of education in understanding legislation, highlighting Cascale's 'Navigating Legislation & the Higg Index' webinar series, which explores how Cascale continues to evolve the Higg Index tools to support companies navigating the legislation landscape. She also shared Cascale's ongoing efforts to develop and share resources with its members and Higg Index users to ensure they are well informed and supported in their compliance journeys. Von Reitzenstein reiterated the vital role of industry input, emphasizing the EU's call for businesses to contribute ideas to shape effective eco-design rules and realistic implementation timelines. She reassured members that they are not alone in this journey, as Cascale continues to offer valuable resources and engagement channels for alignment. She also called on the need for collaboration, highlighting the crucial role of industry organizations like Policy Hub — a Cascale ecosystem partner — in uniting the industry's voice to shape the sector's future. Visit 3BL Media to see more multimedia and stories from Cascale
Tatler Asia
12-05-2025
- Business
- Tatler Asia
Is your designer bag verified? The Digital Product Passport is the smart tech redefining authentic luxury
The Digital Product Passport provides rock-solid provenance for luxury goods by tracing their origins, ownership and history with just a scan In a world where luxury is defined not just by craftsmanship but by certainty, a new technology is quietly revolutionising how people engage with their most prized possessions. Enter the Digital Product Passport (DPP), a secure, high-tech ID that proves a product's authenticity, preserves its value and offers smart services long after you've left the boutique. Already implemented in the European Union, the DPP is akin to a digital birth certificate for luxury goods, from limited-edition watches to heritage handbags. The new technology is uniquely linked to each product, via a discreet QR code or NFC chip, which then gives you access to a verified record of its origin, materials, ownership and care history with one scan. Also read: Warren Buffett is stepping down as Berkshire Hathaway CEO. Here are the highlights of his extraordinary career The Digital Product Passport also addresses the pervasive and costly problem of counterfeits. According to a report by the Organisation for Economic Co-operation and Development, global trade in fake goods reached an estimated US$467 billion in 2021. But DPPs can change the game. By embedding secure digital identities into each piece, luxury brands offer proof of authenticity, tracing an item's journey from workshop to boutique to your hands. Already, top maisons are leading the way. Luxury giants LVMH, Prada Group, Richmont and OTB have joined forces to establish the Aura Blockchain Consortium, which invests in technologies that offer immutable proof of origin and transfer of ownership. Italian menswear brand Zegna uses NFC-tagged passports to provide an ownership certificate for garments in its Vellus Aureum products. Meanwhile, watchmaker Breitling issues DPPs as NFTs, showing complete service and repair history. As well, French furniture maker Ligne Roset embeds unique identifiers in its furniture to ensure every piece is original. The message becomes clear: real luxury now comes with real verification.
Straits Times
09-05-2025
- Straits Times
Married man touched foster son's genitals before allowing him to use computer
He had touched the child's private parts during all four incidents, court documents stated. Married man touched foster son's genitals before allowing him to use computer Shaffiq Alkhatib The Straits Times May 8, 2025 A married man committed indecent acts on his foster son, then aged between nine and 10 years old, on four separate occasions in their Choa Chu Kang home in 2016. He had touched the child's private parts during all four incidents, court documents stated. The offender, who turned 63 on May 7, 2025, was sentenced to 13 months' jail on May 8 after he pleaded guilty to one count of committing an indecent act on the victim - an offence under the Children and Young Persons Act (CYPA). Three other similar charges were considered during his sentencing. He cannot be named owing to a gag order to protect the victim's identity. Deputy public prosecutors Colin Ng and Yeo Kee Hwan stated in documents that the victim was four years old around 2010 to 2011 when he was placed in foster care for an undisclosed reason. The boy later moved to the Housing Board flat that the offender shared with his wife. He addressed the man as "dad". While they were alone at home in 2016, the boy asked his foster father for permission to use a desktop computer. The DPPs said: "To the victim's confusion, the accused replied that he would allow the victim to use the computer after (the accused) conducted a 'check'." The man then touched the boy's genitals before allowing him to use the computer. The victim did not tell anyone about the incident as he was unaware that the man had committed an unlawful act. Three years passed before the boy attended sexual education classes in school in 2019 and realised his foster father's earlier conduct was wrong. Despite this, it took the boy three more years before he told a school counsellor on May 10, 2022, about his ordeal. Court documents did not disclose what finally spurred him to break his silence. The counsellor related the incident to her reporting officer, and the matter was escalated to the authorities. Later that day, the victim was removed from the flat for his safety and placed in a home. He made a police report on May 11, 2022. The DPPs urged the court to sentence the offender to between 11 and 13 months' jail, stressing that the victim was between nine and 10 years old at the time of the offences. "The more vulnerable the minor is, the more protection he or she will require, and the more reprehensible will be the conduct of an offender in exploiting him or her for the offender's own gratification," they said. "An unequivocal and uncompromising message must be sent to all would-be sex offenders that abusing a relationship or a position of authority to gratify sexual impulse will inevitably be met with the harshest penal consequences." The offender had "utterly failed to act in a manner befitting of a father figure", the prosecutors added. For each charge under the CYPA, an offender can be jailed for up to five years and fined up to $10,000. A repeat offender can be jailed for up to seven years and fined up to $20,000. Click here to contribute a story or submit it to our WhatsApp Get more of Stomp's latest updates by following us on: Share this article Show Comments
New Paper
09-05-2025
- New Paper
Man jailed for committing indecent acts on foster son in 2016
A married man committed indecent acts on his foster son, then aged between nine and 10 years old, on four separate occasions in their Choa Chu Kang home in 2016. He had touched the child's private parts during all four incidents, court documents stated. The offender, who turned 63 on May 7, 2025, was sentenced to 13 months' jail on May 8 after he pleaded guilty to one count of committing an indecent act on the victim - an offence under the Children and Young Persons Act (CYPA). Three other similar charges were considered during his sentencing. He cannot be named owing to a gag order to protect the victim's identity. Deputy public prosecutors Colin Ng and Yeo Kee Hwan stated in documents that the victim was four years old around 2010 to 2011 when he was placed in foster care for an undisclosed reason. The boy later moved to the Housing Board flat that the offender shared with his wife. He addressed the man as "dad". While they were alone at home in 2016, the boy asked his foster father for permission to use a desktop computer. The DPPs said: "To the victim's confusion, the accused replied that he would allow the victim to use the computer after (the accused) conducted a 'check'." The man then touched the boy's genitals before allowing him to use the computer. The victim did not tell anyone about the incident as he was unaware that the man had committed an unlawful act. Three years passed before the boy attended sexual education classes in school in 2019 and realised his foster father's earlier conduct was wrong. Despite this, it took the boy three more years before he told a school counsellor on May 10, 2022, about his ordeal. Court documents did not disclose what finally spurred him to break his silence. The counsellor related the incident to her reporting officer, and the matter was escalated to the authorities. Later that day, the victim was removed from the flat for his safety and placed in a home. He made a police report on May 11, 2022. The DPPs urged the court to sentence the offender to between 11 and 13 months' jail, stressing that the victim was between nine and 10 years old at the time of the offences. "The more vulnerable the minor is, the more protection he or she will require, and the more reprehensible will be the conduct of an offender in exploiting him or her for the offender's own gratification," they said. "An unequivocal and uncompromising message must be sent to all would-be sex offenders that abusing a relationship or a position of authority to gratify sexual impulse will inevitably be met with the harshest penal consequences." The offender had "utterly failed to act in a manner befitting of a father figure", the prosecutors added. For each charge under the CYPA, an offender can be jailed for up to five years and fined up to $10,000. A repeat offender can be jailed for up to seven years and fined up to $20,000.
