Connect with us
Saturday,22-August-2026
Breaking News

Business

Modi participates in event to launch Indo-Pacific Economic Framework for Prosperity

Published

on

Visiting Prime Minister Narendra Modi on Monday participated in an event in Tokyo to launch the Indo-Pacific Economic Framework for Prosperity (IPEF).

The event was also attended by US President Joe Biden, Japanese Prime Minister Fumio Kishida, as well as the virtually by leaders of Australia, Brunei, Indonesia, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam.

The IPEF seeks to strengthen economic partnership amongst participating countries with the objective of enhancing resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness in the Indo-Pacific region.

At the occasion, a joint statement was issued which highlights the key elements envisaged within the IPEF.

In his comments during the launch ceremony, Modi said thatthe IPEF is a declaration of a collective desire to make the Indo-Pacific region an engine of global economic growth.

“India has historically been at the centre of trade flows in the Indo-Pacific region, having the world’s oldest commercial port at Lohtal in Gujarat,” the Prime Minister said.

He further called for finding common and creative solutions to tackle economic challenges of the Indo-Pacific region.

Expressing India’s commitment towards working with all Indo-Pacific countries for an IPEF which is both inclusive and flexible, he further said that the foundation of resilient supply chains must be 3T’s: Trust, Transparency and Timeliness.

Noting that India is committed to a free, open, and inclusive Indo-Pacific region and believes that deepening economic engagement among partners is crucial for continued growth, peace, and prosperity, Modi also said that India is keen to collaborate with partner countries under the IPEF and work towards advancing regional economic connectivity, integration and boosting trade and investment within the region.

With Monday’s launch, partner countries will begin discussions focusing on strengthening economic cooperation and achieving shared goals, the Ministry of External Affairs said in a statement.

Modi arrived in Tokyo on Monday morning on a two-day visit at the invitation of his Japanese counterpart.

He will participate in the third Quad Leaders’ Summit in Tokyo on Tuesday along with President Biden, Kishida and Australian Prime Minister Anthony Albanese.

Modi and Kishida will also hold a bilateral meeting on Tuesday.

Business

Maha CSR Authority proposed for fund utilisation: CM Fadnavis

Published

on

Mumbai, Aug 21: Chief Minister Devendra Fadnavis on Friday directed officials to submit a proposal to establish the ‘Maha CSR Authority’ to ensure a more effective, transparent, and coordinated utilisation of Corporate Social Responsibility (CSR) funds in Maharashtra.

He noted that because various CSR initiatives are currently being executed independently at different levels, a central authority is needed to provide a unified platform for these efforts.

The CM will head the Authority, while senior state officials and industry representatives will serve on the Governing Council. The Chief Executive Officer (CEO) will work as Member-Secretary of the Governing Council and Head of the Executive Council.

CM Fadnavis stated that the proposed ‘Maha CSR Authority’ should focus on coordinating, monitoring, and ensuring the proper deployment of CSR funds.

He directed authorities to prepare a high-quality “project bank” aligned with government priorities and make it accessible to corporations and non-governmental organisations (NGOs).

He also said the authority should help eligible Small and Medium Enterprises (SMEs) select suitable projects and NGOs, while promoting exemplary CSR practices across the state.

The core objective of this initiative is to extend financial backing to priority government projects through CSR funding when necessary.

The initiative will also place special emphasis on maintaining and repairing projects funded through CSR.

CM Fadnavis pointed out that many projects become non-functional after a few years because they lack maintenance funds.

To avoid this, he instructed that the proposed CSR authority prioritise the upkeep and repair of older projects.

The Chief Minister also suggested exploring the concept of ‘Diaspora Connect’ to mobilise CSR and social development funds through the participation of Maharashtrians residing abroad and outside the state.

Continue Reading

Business

Ban on sale of open cooking oil, strict action on refilling used containers and reusing frying oil

Published

on

Mumbai A complete ban has been imposed on the sale and purchase of open cooking oil. It is harmful to health and poses a risk of fatal diseases. Therefore, FDA Commissioner Takaram Munde has issued an order to ban it. This order has been issued earlier. In this effective manner, FDA will comply with it. A state-wide comprehensive compliance order has been issued by the Food Safety Commissioner, in which the entire supply from producer to retailer and online seller has been banned and it is prohibited. No concession will be made in the matter of safety of cooking oil, which is directly related to the daily diet of citizens. Under the Food Safety and Standards Act, 2006, Commissioner of Food Safety and Commissioner, Food and Drug Administration, Maharashtra, Takaram Munde has issued a comprehensive state-wide compliance and enforcement order for the edible oils and fats sector. The fourteen-point order is effective with immediate effect and is not limited to retailers but is mandatory for the entire supply chain, from oil expeller unit to online sellers.
The Food and Drug Administration’s inspection has found widespread and consistent lack of compliance in the edible oil supply chain. Operating a business without a valid license or in the wrong business category, mixing cheap and undeclared oil with declared oil, sale of substandard oil with acid value and industrial trans fat exceeding the limit, illegal adulteration of mustard oil, re-labeling to hide the source and date of origin of oil, re-packing of expired oil, use of packaging unfit for food, in view of these issues, this order has been issued to provide a uniform and clear compliance framework across the state. This order will be applicable to oil expeller units, solvent extraction units and oil refiners
Producers of banaspati, interesterified banaspati fat, bakery shortening, margarine and table spreads
Blenders of multi-source edible vegetable oil
Repacking and re-labeling importers, wholesalers, distributors, superstockists and transporters
Granny shops, supermarkets, departmental stores and e-commerce and online sellers
Groundnuts, This order is applicable to all edible oils and fats like mustard, soybean, sunflower, cardi, banola, rice bran, palm and palmolein, coconut, sesame, corn, multi-source edible vegetable oil and banaspati, irrespective of the size and business of the establishment. There are 497 edible oil producers in Maharashtra: Centrally licensed: 212, State licensed: 285, Total: 1247. A total of 1142 edible oil samples were taken in the year 2025-2026, out of which 1142 were found to be substandard, 77* substandard, 13 unsafe and 15 mislabelled.
Important instructions of the order
A valid FSSAI license or registration is mandatory under “License and Laboratory”. The license should be prominently displayed in the establishment.

  • As per other provisions of Schedule 4, Part-2, it is a condition of eligibility for a license for the edible oil producer to have its own laboratory for sample testing. The agreement with an external laboratory is only additional and not a substitute.
    Mode of sale
    Edible oil shall be sold only in sealed, tamper-proof and fully labelled packs. Sale of open and unpackaged oil is prohibited. The producer or distributor supplying open oil shall be the principal violator. He shall be liable under sections 26 and 27. The retailer shall reject unsealed or tampered goods and give the information of the supplier to the Food Safety Officer.
Continue Reading

International

Dead penguins found on Australian island to be tested for H5N1 bird flu

Published

on

A flock of 28 penguins that were found dead on an island off the coast of the Australian state of Tasmania will be tested for the H5N1 strain of avian influenza, authorities said on Thursday.Tasmania’s Department of Natural Resources and Environment said that 28 penguins and three greater crested terns were found dead by surveillance teams on King Island, about 100 km off Tasmania’s northwest coast, on Wednesday.

Incident controller Wes Ford said that samples from the birds have been sent to be tested for the H5N1 strain and that the birds would be collected on Thursday to reduce the risk of transmission, reports Xinhua news agency.”Tasmanians care deeply about our wildlife, and particularly our penguins, so we understand that reports like these may be distressing for the community,” he said.

The island state reported its first case of the highly pathogenic strain on Aug. 13, almost two months after it was first detected on the Australian mainland in June.Ford said there had been 11 confirmed H5N1 cases in Tasmania as of Thursday, all in the state’s northwest or on King Island.

“We expect to continue receiving reports of sick and dead birds on King Island, along the northwest coast and in other parts of Tasmania,” he said.He urged Tasmanians to keep cats indoors and to walk dogs on leads to minimise their infection risks and to avoid contact with sick or dead animals.According to the federal Department of Agriculture, Fisheries and Forestry, there have been 262 confirmed positive H5N1 bird flu events in Australian wildlife as of Aug. 18, but there have been no detections in poultry or the agriculture industry.

Continue Reading

Trending