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Business Economy

Quantitative restrictions on import of pulses

New Delhi, Jan 8 (UNI) Import policy of Peas was revised from ‘free to ‘restricted’ to protect the small and marginal farmers from adverse impact of drop in prices.
"Import policy of Peas (including Yellow peas, Green peas, Dun peas and Kaspa peas) was revised from ‘free to ‘restricted’ initially for a period of three months with effect from April 1 till June 30, 2018 with a quota of one lakh MT," official sources said.
Restriction was extended for a further period of three months till September 30, 2018. Again it was extended till March 31, 2019. These are all available in public domain in DGFT’s website:

Several WTO Members questioned India at the WTO Committee on Agriculture as well as in the bilateral meetings on the basis on which India imposed quantitative restrictions (QRs) and its consistency with WTO rules.
India has stated that the imposition of QR was a temporary measure undertaken to protect the small and marginal farmers from adverse impact of drop in prices. Thereafter, such measures are reviewed on a regular basis, initiatives are taken to support domestic producers.

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Govt decides to allocate vacated 443 slots of Jet Airways to other airlines

18 Apr 2019 | 11:02 PM

New Delhi, Apr 18 (UNI) The Government on Thursday said it would allot 443 slots in Delhi and Mumbai, vacated after the cash-strapped airline Jet Airways suspended its flight operations temporarily.

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Happi Mobiles to open 150-200 stores this fiscal in AP, Telangana; eyes at Rs 500 cr turnover

18 Apr 2019 | 10:53 PM

Hyderabad, Apr 18 (UNI) Happi Mobiles, a multi brand mobile retail chain, plans to open 150-200 new stores in the both Telugu states of Telangana and Andhra Pradesh during the current financial year and is also planning to expand its footprint to western parts of the country after Pongal to grab between 8-10 per cent market share.

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Mantra raj Paliwal plans to cross Rs 300 cr in revenue from retail biz

18 Apr 2019 | 9:35 PM

New Delhi, Apr 18 (UNI) After achieving success in the Cinema-Exhibition business across the country, Miraj Group, one of the country's leading business conglomerate, now aims to set its strong foothold in the retail industry in India by crossing Rs 300 crore revenue in the next five years, from existing Rs 10 crore, by setting up 300 supermarkets and 50 apparel stores and hypermart stores across the nation.

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HYSEA organises Annual Infrastructure Summit 2019

18 Apr 2019 | 8:08 PM

Hyderabad, Apr 18 (UNI) HYSEA ( Hyderabad Software Enterprises Association) organised its first ever Infrastructure Summit at HICC here on Thursday.

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Mastercard commits to empower 10 mn merchants by 2020

18 Apr 2019 | 8:02 PM

New Delhi, Apr 18 (UNI) Mastercard expressed commitment to empower 10 million merchants with digital payments acceptance capabilities by 2020.

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