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Tuesday,03-June-2025
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S.Korea, Costa Rica vow to boost trade, investment

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The top trade officials of South Korea and Costa Rica met in Seoul on Wednesday and discussed ways to further boost bilateral trade and investment, Seoul’s industry ministry said.

During the meeting, Seoul’s Trade Minister Yeo Han-koo and Costa Rica’s foreign trade minister, Andres Valenciano Yamuni, checked the implementation of the South Korea-Central America Free Trade Agreement and agreed to work more closely to further facilitate bilateral trade and investment, Yonhap news agency reported, citing the Ministry of Trade, Industry and Energy.

South Korea and five Central American nations — Costa Rica, El Salvador, Panama, Honduras and Nicaragua — fully implemented their FTA in March 2021.

“The trade agreement has helped boost exchanges and investment between the two nations. It is expected to further help strengthen the bilateral economic ties and support a sustainable economic recovery,” Yeo said.

In 2020, South Korea’s volume of exports to Costa Rica stood at $111.12 million, with imports coming to $156 million, according to government data.

Yeo voiced hope for strengthening ties in the fields of digital, environment, technology and innovation, as the two nations share the goal of achieving inclusive economic development and net-zero emission by 2050.

He also sought Korean companies’ active participation in Costa Rica’s various infrastructure projects, including an electric passenger train construction project, according to the ministry.

On Tuesday, South Korean President Moon Jae-in and his visiting Costa Rican counterpart, Carlos Alvarado Quesada, vowed to work to boost cooperation in the digital and green sectors to spur their post-pandemic economic recovery.

Business

ICEA launches industry-wide initiative to foster tech and AI innovation

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New Delhi, June 3: The India Cellular and Electronics Association (ICEA) on Tuesday announced a unique industry-wide initiative to collaboratively foster tech and AI innovation for the benefit of India’s manufacturing sector.

The programme will connect companies with transformative innovations across domains such as advanced manufacturing, AI, IoT, energy efficiency, materials science, and more.

The ICEA launched Venture Access Labs — a technology innovation access programme in collaboration with venture capital fund Caret Capital.

This initiative aims to empower India’s electronics and appliances manufacturing companies by enabling them to discover, curate, and adopt cutting-edge technologies and innovations from across the world.

“Through Venture Access Labs, ICEA is proud to champion and unlock global innovation to strengthen India’s position as a global hub for manufacturing and electronics with a vision to build Indian Champions,” said Pankaj Mohindroo, Chairman, ICEA.

“By opening the door to international technological advancements and building an innovation pipeline, we aim to accelerate India’s electronics manufacturing capabilities and global competitiveness so as to capture a larger global market share,” he added.

The comprehensive programme will cover several functions including procurement, planning, manufacturing, supply chain, finance, HR, legal and ESG.

Through this programme, companies will benefit from innovation trend spotting, curated access to high-impact startups and Ips, strategic matchmaking and pilot opportunities, tailored adoption pathways for new technologies, and facilitated investments in strategically relevant, vetted high-potential startups.

“It is time for the Indian electronics and appliances manufacturing to transit to tech first-led global leadership,” said Salil Kapoor, Co-founder and Chief mentor of Venture Access Labs.

It will be the innovation catalyst and partner, scanning and curating the latest tech and game-changing startups from across the world for Indian manufacturing companies to engage with, at a fraction of the cost if they were to do it on their own,” he mentioned.

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Calcutta HC refuses ad-interim bail to law student held for hurting religious sentiments, seeks case diary

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Kolkata, June 3: The Calcutta High Court on Tuesday denied ad-interim bail to Sharmistha Panoli, the 22-year-old law student arrested recently by Kolkata Police on charges of hurting religious sentiments and promoting disharmony and hatred.

As her counsel approached the High Court, challenging the trial court’s order last week sending her to judicial custody till June 13, the matter came up for hearing before the vacation bench of Justice Partha Sarathi Chatterjee.

However, Justice Chatterjee denied any relief to Panoli, observing that the freedom of speech in the country does not allow anyone to hurt anyone’s religious sentiment.

An FIR was registered against Panoli at Garden Reach Police Station on May 15 for posting an Instagram video, where she made some comments on ‘Operation Sindoor’ that had reportedly hurt the religious sentiments of a particular community.

In the face of strong criticism, she deleted that video and also tendered a public apology for the matter. However, based on the FIR registered, the police first sent her a notice, which failed since she had gone into hiding in Gurugram by then.

Thereafter, an arrest warrant was issued against her, and finally, she was arrested from Gurugram by Kolkata Police on Saturday morning and was brought back to Kolkata on transit remand on the same day.

Rejecting the ad-interim bail, Justice Chatterjee observed that the video posted on social media had reportedly hurt the religious sentiments of a section of people. “We have freedom of speech, but that doesn’t mean you will go on to hurt others. Our country is diverse, with all people. We must be cautious,” he said.

He directed the police to submit the case diary in the matter by the next date of hearing on June 5.

The vacation bench also directed the state government to ensure that police do not pursue any other complaint filed against Panoli in any other police station. It also directed the police not to register any fresh complaints in the same matter.

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Bodies of three workers recovered from flooded illegal coal mine in Jharkhand’s Hazaribagh

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Hazaribagh, June 3: Thirteen days after they were trapped, the bodies of three workers have been recovered from an illegal coal mine in Keredari block of Jharkhand’s Hazaribagh district, officials said on Tuesday.

The deceased, whose bodies were recovered late on Monday night, have been identified as Pramod Shah, 45, Umesh Kumar, 25, and Naushad Ansari, 24 — all residents of Kandaber village under the Keredari police station area.

The three men were reportedly swept into the mine on May 21, when heavy rainfall caused the Khawa River to swell.

Villagers said the strong current pushed the workers into one of the numerous illegal tunnels that dot the region, many of which are controlled by coal mafias and continue to operate despite the risks involved.

The mine shaft where they were trapped was more than 100 feet deep and quickly flooded, making rescue efforts extremely challenging.

The National Disaster Response Force (NDRF) conducted a three-day operation to locate and retrieve the bodies but had to suspend efforts due to waterlogging.

Subsequently, the task of dewatering the mine was taken up by NTPC and a private company. After days of continuous pumping, the water level finally receded, which enabled local villagers to recover the bodies late on Monday night.

On Tuesday morning, police sent the bodies for autopsy to Sheikh Bhikhari Medical College and Hospital in Hazaribagh. After the post-mortem, the bodies were brought back to Kandaber and cremated on Tuesday afternoon.

The incident plunged the village into mourning, with relatives and neighbours breaking down as the news spread.

There were scenes of chaos and wailing as the bodies were brought into the village.

Following the recovery, villagers renewed calls for compensation and the provision of government jobs for one dependent of each deceased worker.

Despite repeated incidents, illegal mining continues unabated in the Khawa river belt of Keredari, drawing hundreds of locals desperate for work and vulnerable to exploitation.

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