Exports to China was USD 9 billion, # while imports were USD 61.7 billion, leaving a trade deficit of USD 52.7 billion.In 2015-16, India's exports to China was USD 9 billion, while imports were USD 61.7 billion, leaving a trade deficit of USD 52.7 billion.   New Delhi: China on October 13 assured India that it will act on the concerns expressed by India on giving greater market access to domestic products to bridge the widening trade deficit. The issue, among others, was discussed during the meeting held here between Commerce and Industry Minister Nirmala Sitharaman and Wang Shouwen, Vice Minister for Ministry of Finance and Commerce, China.  
The Chinese minister is here to attend the 6th BRICS Trade Ministers' meeting. "The Chinese Vice Minister assured that China would act on the concerns expressed by India regarding market access for Indian goods in the Chinese markets," the commerce ministry said in a statement. During the meeting, Sitharaman raised concerns over the widening trade deficit between the two countries. Both the leaders exchanged notes on trade and commerce and agreed that the "mounting bilateral trade deficit has been a cause for concern for India" which seeks greater market access for its goods for a long-term sustainable trade relationship, it said.  
Sitharaman requested expeditious clearances for import of Indian rice besides a Green Channel for import of Indian pharmaceutical products to China especially those which already have USFDA and EUFDA accreditation, it added. She also requested the Chinese Vice Minister to consider demonstration of IT/ITeS projects for Indian companies - which have acquired global acclaim. "She expressed concerns at the long drawn procedures for clearances which tend to frustrate the Indian companies seeking business opportunities in China," it added. Further Sitharaman asked for 'buying missions to India to source auto rubber amongst other things, Indian tobacco and oil meals. On the other hand, the Chinese Minister informed that recently China has quickened the pace of granting clearances to Indian pharma companies for import of the pharma products, it said. The Chinese Vice Minister also sought cooperation of India on various multilateral fora where China and India are engaged and assured that India’s concerns on a Single undertaking will be duly taken on board with services being an integral part of the cooperation agreement. In 2015-16, India's exports to China was USD 9 billion, while imports were USD 61.7 billion, leaving a trade deficit of USD 52.7 billion.

Prague-based Euro Security Products, or ESP, has been flooded by new orders from Germany for stun guns and can't keep up with demand. (Photo: AP)Prague-based Euro Security Products, or ESP, has been flooded by new orders from Germany for stun guns and can't keep up with demand. Prague: After the attacks in Paris and New Year's security scares, Germans have been snapping up self-defense equipment like stun guns - to the delight of a Czech manufacturer who corners the market.
Prague-based Euro Security Products, or ESP, has been flooded by new orders from Germany for stun guns and can't keep up with demand.Company owner Bretislav Kostal said demand began skyrocketing in September and the company delivered a total of 25,000 for the German market in 2015. Some 15,000 of those were in the last four months of the year."Our production capacity was 3,000 pieces a month. Now, we've been working to increase it to 4,000 a month," Kostal said.Ingo Meinhard, the head of the German association for weapons dealers, said the group had seen increasing interest in defensive products such as stun guns, CS gas and pepper spray following the attacks in Paris in November.Though official sales figures Rubber gasket were not yet available, he said there had been a further increase in demand following the New Year, which saw a terrorism scare in Munich in which two city stations were evacuated, as well as assaults on women by foreigners in Cologne.
Meinhard said it was less likely that the security concerns were about the influx of migrants and refugees into Germany. "It is in fact the terror threat, from our point of view," he said.He noted there was demand across generations and professions and from both sexes. He said that, previously, the typical customers tended to be people who worried about their safety after dark when night started falling earlier in the autumn."We think that most of these articles will never be used," he said, but rather serve the "psychological effect" of making people feel safer.Stun guns that disable people or animals with an electric shock are cleared for sale only in a few other European countries, including the Czech Republic, Poland, Slovakia, France and soon Italy.
ESP was the first producer to meet strict requirements of the new German regulations in 2012 and claims to have about 90 percent share of the national market.Germany's kh-security GmbH & Co. KG, which distributes the Czech stun guns, confirmed the big rise in sales last year and another peak following the New Year's Eve security incidents."We're not in a position to react so quickly," Kostal said. "With the orders we have, we are sold out for the next three months."Besides the stun guns, ESP exports expandable batons, pepper sprays, shields, textile handcuffs and other products to more than 50 countries for individual customers as well as police and armed forces.

Exports to US goes up after withdrawal of benefits. Commerce minister Piyush Goyal Chennai: Though the government is reportedly pushing the US administration for resumption of export benefits to domestic products under the US Generalised System of Preferences (GSP), the export sector is not too keen on having the benefits, withdrawn by the US last June.Exporters rather look forward for positive steps towards a free trade agreement and tariff reduction on steel and aluminium exports. Though a full-fledged trade deal between India and the US looks unlikely now, with Trump himself saying on Tuesday that “I m O-Ring Kit Suppliers really saving the big deal for later on”, exporters are pinning their hopes on a likely ‘trade package’ during Trump’s India visit on February 24 and 25.
Commerce minister Piyush Goyal reportedly had several rounds of talks with US trade representative Robert Lighthizer over phone, demanding exemption from high duties imposed by the US on certain steel and aluminium products, resumption of export benefits to certain domestic products under the GSP, and greater market access for products in sectors like agriculture, automobile, auto components and engineering.It is not known what all are left on the table for inclusion in the trade package.As a developing country, India has been enjoying the benefits under US GSP programme since 1975.  
As part of the trade war that Trump has opened on multiple fronts, the US withdrew 260 million benefits to Indian products under GSP. While the export community was worried about the impact of the withdrawal in June, they are not pushing for its restoration during the upcoming Trump visit.“Though the GSP benefits were withdrawn in June, the Indian exports to the US have grown in the second half of 2019 against the same period in 2018.Though there are a few export segments that have been hit by the GSP, overall there has not been any major impact of GSP on Indian exports to the US,”said Ajay Sahai, director general and CEO of the Federation of Indian Export Organisations.According to him, India should pursue a free trade agreement or a preferential trade agreement with the US that will be beneficial for traditional export sectors like textiles and leather, especially at a time when there is a standoff between the US and China.“Even if we do not sign a deal during the visit, we should have a meaningful interaction to bridge the gap,’ added Sahai.Indian exporters hope to see some reduction in tariffs on steel and aluminum, which were hiked in March 2018. The Trump administration had imposed tariffs of 25 per cent on 761 million of steel and of 10 per cent on 382 million of aluminum imported from India.“The 10 per cent tariff on aluminum imports did not affect us much, but our steel exports suffered by the 25 per cent tariffs. We look forward for some reduction in these tariffs,” said Sahai.

The lobby group filed a similar petition against Flipkart in May, alleging violation of competition rules through preferential treatment for select sellers.The All India Online Vendors Association (AIOVA) in October filed a petition with the anti-trust body Competition Commission of India (CCI) alleging that Amazon favours merchants that it partly owns, such as Cloudtail and Appario.New rules will appease small traders and farmers who fear that U.S.The new regulations follow complaints from Indian retailers and traders, who say the giant e-commerce companies are using their control over inventory from their affiliates, and through exclusive sales agreements, to create an unfair marketplace that allows them to sell some products at very low prices.The Confederation of All India Traders in a statement said that if the order is implemented in full then malpractices, predatory pricing policies and deep discounting by e-commerce players will no longer occur.
Amazon India said it is currently evaluating the new rules, while Flipkart did not immediately respond to a request for comment. The new rules will be applicable from February 1. companies are making a back door entry into India’s retail market and could squeeze out small corner shops that dominate Indian retailing.New Delhi: India will ban e-commerce companies such as Amazon.
The new regulations build on existing rules under which foreign investors can acquire 100 per cent of e-commerce companies, with the exception of a model based on inventory from which they are barred.“An entity having equity participation by e-commerce marketplace entity or its group companies, or having control on its inventory by e-commerce marketplace entity or its group companies, will not be permitted to sell its products on the platform run by such marketplace entity,” the commerce ministry said in a statement.In May, CAIT had raised objections to Walmart’s 16 billion acquisition of Flipkart saying the deal would create unfair competition and result in predatory pricing.The new rules said that services provided to vendors on an e-commerce platform and by that entity’s affiliates should be done so at arm’s length and in a fair and non-discriminatory manner..
33rd Day Of Lockdown Total Cases 26,283  Rubber gasket Factory  The new regulations build on existing rules under which foreign investors can acquire 100 per cent of e-commerce companies.CAIT secretary general Praveen Khandelwal said the new rules will put an embargo on the tactics adopted by the global players to control and dominate retail trade in India through e-commerce.E-commerce companies can make bulk purchases through their wholesale units or other group companies that in turn sell the products to select sellers, such as their affiliates or other companies with which they have agreements.
Those sellers can then sell the products to other companies or direct to consumers, often at attractively low prices.com and Walmart-owned Flipkart Group from selling products from companies in which they have an equity interest. The new rules will be applicable from February 1.In a statement, the government also said that the companies will be prevented from entering into exclusive agreements with sellers.On Wednesday’s notification also said that the cash back that customers get as an incentive while online shopping should not be based on whether the product was purchased from an affiliate of the platform or not

.Biometric Privacy Platform adds a privacy and consumer-choice layer on top of Aadhaar online and offline authentication modes.  Our pre-certified and easy-to-integrate products directly address the needs of a wide range of device makers to quickly innovate and differentiate their products with biometric experiences and ecosystem integration.”Identity Devices recently partnered with world-leading biometrics company Fingerprint Cards (Fingerprints) partnership to accelerate biometric adoption in the global Digital Identity, Financial Technology (FinTech), Internet of Things (IoT) and other innovative, fast-growing vertical markets. The online authentication capability and biometric capture capabilities will also be fully compliant with the UIDAI certification requirements for multi-modal biometric authentication (Face, Finger and IRIS). Devices that have integrated BPP and its authentication modalities enable user interaction to make dynamic choices at the time of each authentication event. The online authentication capability and biometric capture capabilities will also be fully compliant with the UIDAI certification requirements for multi-modal biometric authentication (Face, Finger and IRIS).According to Mr.

Biometric Privacy Platform adds a privacy and consumer-choice layer on top of Aadhaar online and offline authentication modes. David Burnett, CEO and Founder, Identity Devices, “Identity Devices is committed to the principle that individuals should have power over their personal data, what and when to share it, and how it is used.”Adding to this, Mukesh Singh, VP, Sales and Marketing, Identity Devices, India, said.

“There is enormous demand for fingerprint and iris authentication in India now that systems like Aadhaar have demonstrated the ease-of-use, viability and economic benefits of multi-modal biometric authentication at very large scale. We are delighted to be able to offer to the Indian market an instrument which addresses the very valid concerns of people regarding their sensitive personal data. BPP’s QR Code offline authentication capability is fully compliant with the Aadhaar act, current Supreme Court rulings, UIDAI requirements and other government policies. The solutions offered by Identity Devices will make it easier than ever before for Digital Identity, IoT and FinTech device makers to add biometric features that allow them to connect more securely to popular authentication and identity ecosystems.  

Biometric Privacy Platform increases ease of convenience, personal privacy and data security by putting residents in charge of how their Aadhaar data is used. Under the partnership agreement, Identity Devices Silicone Rubber O-Rings Manufacturers will include fingerprint and iris biometric technology from Fingerprints in new products and pre-certified integration kits that make it easy for device makers to add frictionless multi-modal biometric experiences and enable local authentication and access to global and national authentication ecosystems. Biometric Privacy Platform (BPP) consists of authentication hardware and software for the Aadhaar ecosystem, preserving convenience while increasing personal privacy and data security and putting the resident in charge of the use of their Aadhaar data including picture, name, address, mobile number and more.Aadhaar is the world’s largest biometric Digital Identity program with more than 90 percent of Indians linking Aadhaar to most government and non-governmental services such as those related to taxation, cooking gas subsidy, banking, passports, and so on. This principle can have no better validation than when it is applied to the Aadhaar user.