Govt eases public procurement norms for Covid supplies
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“The administrative department undertaking the procurement…may exempt the procurement of supplies required for containment of Covid-19 global pandemic from the applicability of this order/any provision,” DPIIT said in the order.
In an order, the Department for Promotion of Industry and Internal Trade said the exemption is applicable till September 30.
India on Thursday exempted the procurement of supplies to contain Covid-19 from mandatory local content requirements and allowed all ministries to float global tenders for less than Rs 200 crore for such supplies. In an order, the Department for Promotion of Industry and Internal Trade (DPIIT) said the exemption is applicable till September 30.
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WASHINGTON (Reuters) -U.S. Trade Representative Katherine Tai said on Thursday that she believes solutions to trade disputes with the European Union on aircraft subsidies and steel and aluminum “are within reach.”
FILE PHOTO: U.S. Trade Representative Katherine Tai testifies before the Senate Finance Committee on Capitol Hill in Washington, U.S., May 12, 2021. Susan Walsh/Pool via REUTERS
Tai told the U.S. House of Representatives Ways and Means Committee that she is “very serious” about resolving the 17-year Boeing-Airbus World Trade Organization dispute over subsidies within a four-month tariff truce due to expire this summer.
On the transatlantic trade dispute over U.S. steel and aluminum tariffs and EU retaliation against U.S. motorcycles, whiskey and other products, Tai has tied any resolution to addressing longstanding global excess production capacity for those metals largely centered in China.
From shopping to working to learning, digital became the way people not only stayed connected, but also shopped. Online global commerce is skyrocketing as a result. Here are the numbers and what retailers need to focus on to innovate in the new normal.
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MovoCash launches on-demand mobile banking app 2 hours ago
Source: MovoCash MovoCash, Inc., a California-based Fintech company, announced today the launch of a first-of-its-kind ON-DEMAND Mobile Banking (“ODMB”) app with End-to-End CONTACTLESS Payments in partnership with Mastercard® and Coastal Community Bank.
MOVO’s patented ecosystem technology, called HyperBIN®, is built to use digital tokens to manage the convergence of traditional banking solutions with mobile payments, blockchain, distributed ledger, cryptographic and AI technologies.
“Our patented ‘Digital Cash’ Brand Network is what every consumer will expect from this day forward,” said Eric Solis, CEO; Founder of MovoCash, Inc. “ODMB will fundamentally shift the way people act and think about digital transact
Strengthened BRI cooperation vital amid pandemic, FM says By MO JINGXI | CHINA DAILY | Updated: 2021-05-12 07:11
State Councilor and Foreign Minister Wang Yi addresses the opening ceremony of the Fifth Silk Road International Exposition and the Investment and Trade Forum for Cooperation between East and West China via video link in Xi an, capital city of Northwest China s Shaanxi province on May 11, 2021. [Photo/Xinhua]
State Councilor and Foreign Minister Wang Yi highlighted on Tuesday the importance of Belt and Road cooperation against the backdrop of the ongoing COVID-19 pandemic and said China s new development paradigm will provide greater momentum and more development opportunities for the world.