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Business Standard
26 minutes ago
- Business
- Business Standard
India, US complete 5th round of talks for trade pact: MoS Jitin Prasada
Similarly, twelve rounds of negotiations have been held so far between India and the European Union (EU) for the proposed free trade agreement Press Trust of India New Delhi Negotiations for the proposed bilateral trade agreement between India and the US were launched in March 2025, and so far, five rounds of talks have been held, Parliament was informed on Tuesday. Similarly, twelve rounds of negotiations have been held so far between India and the European Union (EU) for the proposed free trade agreement. The last round was held from 7-11 July in Brussels. "India-US bilateral trade agreement negotiations were launched in March 2025. Five rounds of negotiations have been held, the last being from July 14-18, 2025, at Washington," Minister of State for Commerce and Industry Jitin Prasada said in a written reply to the Lok Sabha. Replying to a separate question, the minister informed that intellectual property (IP) filings in the last five years have increased by 44 per cent to 6,89,991 in 2024-25 from 4,77,533 in 2020-21. The highest growth was observed in Geographical Indications (GI) with a 380 per cent increase, followed by Designs (266 per cent), Patents (180 per cent), Copyright (83 per cent), Trademarks (28 per cent), and Semiconductor Integrated Circuits Layout-Designs (SICLD) with a 20 per cent rise. As many as 697 GI registrations have been issued as of this date in sectors like handicraft, agri, and food. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
4 hours ago
- Business
- Business Standard
Delhi govt's new industrial policy to push improved land use, infra upgrade
A draft of Delhi Industrial Policy for the next 10 years has been put in public domain by the government for getting stakeholders' feedback on it till July 30 Press Trust of India New Delhi Improved land use, land parcel consolidation to increase floor space availability, infra upgrade and drone survey to identify land for relocation of industries are some of the measures proposed for redevelopment of industrial areas, by the new industrial policy being firmed up by the Delhi government. A draft of Delhi Industrial Policy for the next 10 years has been put in public domain by the government for getting stakeholders' feedback on it till July 30. Delhi's Industries minister Manjinder Singh Sirsa said the new industrial policy, which is likely to be finalised in next 2-3 months, will give a new lease of life to industrial development in the city. "Under this policy, various incentives and reimbursements to greenfield projects in frontier tech services, R&D and hospitality sectors. It also paves way for redeveloping non-conforming industrial areas into conforming ones through different initiatives," he said. There is a need to redevelop industrial areas for improved urban planning and better synergies in land use mix, the draft policy document said. In consultation with the Delhi Development Authority (DDA) and industry associations, a scheme needs to be developed to encourage consolidation of land parcels to enhance floor space availability in industrial areas, it said. "This consolidation will also enable possibilities of basement parking and other avenues to optimise land use," it said. Under this scheme, option will be exercised where Delhi State Industrial Infrastructure Development Corporation (DSIIDC) will buy back lease rights from the allottees. Alternatively, it may be redeveloped by a consortium of the lease holders or even by third party in public private partnership mode, stated the draft policy. It also recommends transforming sick and under-performing industries into modern flatted factory setups, enabling struggling industries to relocate into shared industrial facilities with better infrastructure. Further, it proposes reimbursement of property tax for five years after issuance of occupancy certificate to encourage reasonably priced floor supply for industries willing to move to conforming areas. Also, it recommends conducting drone-based land surveys to identify suitable pockets for industrial relocation. The industrialised areas in Delhi were developed in the seventies and, over the years, have "deteriorated considerably" in terms of physical infrastructure, the draft policy stated. Upgrading infrastructure, utilities, and logistics facilities in current industrial markets to improve efficiency of operations, developing waste management and recycling hubs, enhancing transportation systems could spur the existing industrial areas, it said. Under the ease of doing business initiative, the draft policy recommends streamlining and fast-tracking the permits and approvals required to facilitate quicker relocation of industries. The policy envisages focusing on developing industrial infrastructure, and operations and maintenance of industrial areas through the PPP model for long-term sustainability and operational efficiency. It recommends setting up a PPP cell to support the government's operationalisation of industrial areas through the PPP model. Delhi has 32 planned industrial areas and 27 notified yet unplanned industrial areas. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
7 hours ago
- Business Standard
Citizens lost over ₹22,845 crore to cyber criminals in 2024: Govt tells LS
According to the data shared by the minister, 10,29,026 cyber crimes were reported on NCRP in 2022 with a 127.44 per cent increase over the previous year Press Trust of India New Delhi Citizens lost more than ₹22,845.73 crore to cyber criminals in 2024, a staggering increase of nearly 206 per cent from the previous year, Lok Sabha was informed Tuesday. Responding to a written question, Minister of State for Home Affairs, Bandi Sanjay Kumar, said that according to the National Cyber Crime Reporting Portal (NCRP) and Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS) operated by the ministry's I4C, "total amount of losses incurred by citizens due to cyber frauds in the entire country" in 2024 was ₹22,845.73 crore as compared to ₹7,465.18 crore the previous year. Kumar said 3,637,288 incidents of financial frauds committed by cyber criminals were reported on NCRP and CFCFRMS in 2024 as compared to 2,442,978 such incidents the previous year. According to the data shared by the minister, 1,029,026 cyber crimes were reported on NCRP in 2022 with a 127.44 per cent increase over the previous year, 1,596,493 incidents were reported in 2023 showing 55.15 per cent increment, and 2,268,346 cases were reported in 2024, reflecting a 42.08 per cent increase. "The Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS), under I4C, was launched in 2021 for immediate reporting of financial frauds and to stop siphoning off funds by the fraudsters," he said. The minister said as per CFCFRMS, financial amount of more than ₹5,489 crore has been saved in more than 1.7 million complaints reported on it so far. "Cyber crime incidents reported on the National Cyber Crime Reporting Portal, their conversion into FI₹and subsequent action, i.e., filing of chargesheets, arrests and resolution of complaints, thereon are handled by the state/UT law enforcement agencies concerned as per the provisions of the law," Kumar said. Giving details of the action taken by the government against cyber criminals, the minister said so far, more than 942,000 SIM cards and 263,348 IMEIs as reported by police authorities have been blocked by the Centre. A Suspect Registry of identifie₹of cyber criminals was launched by I4C on September 10, 2024, in collaboration with banks/financial institutions. So far, more than 1.1 million suspect identifier data received from banks and 2.4 million Layer 1 mule accounts have been shared with the participating entities of Suspect Registry and saved more than ₹4631 crore, he said. The minister said it has launched the 'Pratibimb' module, which maps locations of criminals and crime infrastructure on a map to give visibility to jurisdictional officers. "The module also facilitates seeking and receiving techno-legal assistance by law enforcement agencies from I4C and other SMEs. It has lead to the arrest of 10,599 accused, 26,096 linkages and 63,019 cyber investigation assistance requests," Kumar said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
11 hours ago
- Politics
- Business Standard
Home Ministry notifies resignation of VP Dhankhar; Rajya Sabha informed
Soon after the House met for the Question Hour at 12 noon, Ghanshyam Tiwari, who was in the Chair, informed members about the notification Press Trust of India New Delhi The Rajya Sabha on Tuesday was informed about the Ministry of Home Affairs' notification regarding the resignation of Vice President Jagdeep Dhankhar, with immediate effect. Soon after the House met for the Question Hour at 12 noon, Ghanshyam Tiwari, who was in the Chair, informed members about the notification. "The Ministry of Home Affairs, vide notification dated July 22, 2025, has conveyed the resignation of Vice President of India Jagdeep Dhankhar under Article 67 (A) of the Constitution with immediate effect," Tiwari announced. Vice President of India is ex-officio Chairman of the Rajya Sabha. Dhankhar had sent his resignation to President Droupadi Murmu on Monday evening. "To prioritise health care and abide by medical advice, I hereby resign as Vice President of India, effective immediately, in accordance with Article 67(a) of the Constitution," he said in his letter to the President. Dhankhar, 74, assumed office in August 2022. Soon after the House met in the morning, Deputy Chairman Harivansh said that further Constitutional process concerning vacancy in the Office of Vice President of India will be communicated as and when received. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
12 hours ago
- Business Standard
Traffic restrictions to be imposed in Delhi as Kanwar Yatra enters last leg
Congestion is likely along Ring Road, particularly on Mahatma Gandhi Marg, Yudhister Setu and Boulevard Road, a traffic advisory stated Press Trust of India New Delhi To deal with the rush of Kanwariyas on the eve of Shiv Ratri, Delhi Traffic Police on Tuesday said restrictions will be imposed on the movement of buses and commercial vehicles in the national capital from 9 am to 12 midnight. It also issued a traffic advisory informing people about road closures and alternative routes. A large number of devotees are expected to visit the Hanuman Mandir in the Yamuna Bazar area and this could affect traffic. Congestion is likely along Ring Road, particularly on Mahatma Gandhi Marg, Yudhister Setu and Boulevard Road, the advisory stated. To ensure smooth traffic management and public safety, restrictions will be imposed on the movement of buses and commercial vehicles from 9 am to 12 midnight, it read. Vehicular movement on Yudhister Setu from Tis Hazari to Shahdara will be restricted for all buses and commercial vehicles. On Boulevard Road, the movement of commercial vehicles will not be allowed from ISBT Kashmiri Gate towards Tis Hazari. Their movement will also be prohibited on Lothian Road from GPO Chowk to ISBT Kashmiri Gate during the specified hours, the advisory said. To regulate the flow of traffic, diversions will be put in place at key locations, including Kashmiri Gate metro station's gate no. 5 on Boulevard Road near the ascending foot of Yudhister Setu, near the out gate of ISBT Kashmiri Gate on Ring Road, and at GPO Chowk, it said. These diversions are intended to redirect commercial vehicles away from the heavily congested areas and towards alternative routes, it added. Traffic police said commercial vehicles coming from the Hanuman Mandir side via Ring Road and headed towards Tis Hazari will be diverted from the out gate of ISBT Kashmiri Gate. These vehicles will take a longer route via Ring Road, Yamuna Marg, Raj Niwas Marg, Rajpur Road, Dr. Karnwal Road and reach Baraf Khana Chowk, from where they can continue towards their destinations, they said. Buses and commercial vehicles coming from the Tis Hazari side and moving towards Yudhister Setu will also be rerouted, the advisory said. They will be diverted from Kashmiri Gate metro station's gate no. 5 and redirected to Ring Road, from where they will take a left turn, make a U-turn near monastery and continue on Ring Road past Hanuman Mandir. From there, they will proceed towards Outer Ring Road, Akshardham Mandir and then NH-24, it said.
