India News - July 1-15, 2021

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July 1-15, 2021 - Vol 1, Issue 25

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Dedicated to democratic process PSBs to receive Rs 9k cr in J&K: PM Modi at all-party meet from assets of Mallya, Nirav Modi and Choksi New Delhi, June 24: In the first all-party meeting involving leaders from Jammu and Kashmir after the abrogation of Article 370 on August 5, 2019, Prime Minister Narendra Modi said on June 24 that the Centre is fully committed to the democratic process in J&K, and holding Assembly elections in the region just like the successful conduct of the District Development Council (DDC) polls is a priority.

Photo Courtesy: IANS

New Delhi, June 23: State-run banks will get a total of Rs 9,041.5 crore through the sale of assets belonging to economic offenders such as Vijay Mallya, Nirav Modi and Mehul Choksi, attached or seized by the Enforcement Directorate under the provisions of PMLA.

Taking to Twitter, Indian Finance Minister Nirmala Sitharaman on June 23 said that fugitives and economic offenders will be

Delimitation, roadmap for Assembly polls, Continued on Page 3

actively pursued and dues would be recovered by attaching their properties. "Fugitives & economic offenders will be actively pursued; their properties attached & dues recovered. #PSBs have already recovered Rs 1357 Cr by selling such shares. A total of Rs 9041.5 Cr shall be realised by banks through sale of such attached assets," she said. Continued on Page 3

Amid business concerns knowledge sharing No rush to re-open Australia's to boost investment interest: Aussie official borders: Trade Minister

New Delhi, June 15: Knowledge among investors of both Australia and India regarding the commercial interests and regulatory framework in both the countries would help improve the trade and investment relations between the two countries, said Catherine Gallagher, Minister Commercial, Australian High Commission New Delhi and Head of Austrade South Asia.

that the perception seems to be changing now with the reform agenda picking pace in India.

Observing that there has been a lingering perception over an adverse business environment in India, the Official told IANS

India Business Exchange (AIBX) would play a major role in making business communities in both the countries aware of the

She also said that Australian Trade and Investment Commission has been passing on communication to the Australian businesses on the changing scenario in India in a bid to drive them to invest in India.

opportunities available to them and the regulatory environment.

“I think there is a perception that doing business with India can be difficult and they can have issues. But now we have also seen what we are pushing in our communication to our Australian businesses, the length at which India has moved forward and moved up in the ease of doing business and also the regular reform and the pace at which India has been changing,” the official told IANS.

Canberra, June 20: Australia's Trade Minister Dan Tehan has declared that the government is in "no rush" to re-open the country's international borders.

Photo Courtesy: Twitter

Tehan on June 19 confirmed that Student Visas I Skilled Visas I Tourist Visas Australia is negotiating a potential travel bubble with Singapore but Temporary Graduate Visas I Business Migration that a final decision would be made by medical experts based Family stream Visas I Partner Visa Specialist I Sponsored Visas on the spread of Covid-19 variants of concern, reports Xinhua news Gallagher was of the view that Job Ready I Skill Assessments I AAT representation agency. the recently launched Australia "That will largely depend on how these various variants play out and the monitoring of those circumstances," Tehan said.

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