australia trade pact: Oz 2020 investment in India similar to 2018: Australian govt

New Delhi: Australia said on Tuesday that Covid-19 impacted its investments in India to a degree in line with trends elsewhere in Asia, but that overall Australian investment stocks in 2020 were at 2018 levels, and five years to 2019 The trend was up to 15.1% growth.

According to the 2035 update from the Australian Government’s India Economic Strategy (IES), one in five students studying in Australian universities is from India. As of December 2021, Indian international students made up the largest group of foreign students in Australia at 19%, followed by China at 17%.

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The update details the action plan on bilateral trade, energy, education and infrastructure, among other sectors.

It said that under the India-Australia Comprehensive Economic Cooperation Agreement (CECA), Canberra will seek better access to service suppliers and modern investor protections to enhance investor confidence and boost investment, as well as government regulation. With appropriate safeguards for the rights of.

“An agreement can facilitate digital trade by incorporating modern and forward-looking regulations that support the use of digital tools to enable trading,” it said. IES was first released in 2018.

The two have formally started negotiations for a Comprehensive Economic Cooperation Agreement (CECA) with the aim of concluding a full CECA by the end of 2022.

CECA should provide resources and better goods market access in energy, agriculture, processed food and beverage, and industrial products.

“IES highlights India’s positive investment fundamentals. These have further improved since the launch of IES and the opportunities for Australian investment in India are significant,” it said.

According to the report, the update is “based on the principles of gender equality, inclusion, diversity and equality, which will be integrated into the implementation of this five-year action plan”.

Australia said it still has a target of achieving 1.2 million Indian arrivals by 2035, with the potential for the Australian economy to exceed $9 billion per year.

“In order to position Australia as a preferred technology partner, the government will take steps to help break into Australian technology businesses”

in India and ensuring that Australia is a ‘must-consider’ source of leading technologies and game-changing products,” it said.

According to the report, Australia to establish the Australia-India Future Skills Initiative to provide Australian education, skills and edtech providers access to the India market, showcase Australian capabilities and position Australia as the education partner of choice Will work with industry.

Originally published at Pen 18

Heropanti 2: Tiger Shroff-Esha Gupta Burn The Dance Floor as They Groove to Whistle Baja 2.0 – Pen 18

Tiger Shroff-Esha Gupta Groove to Whistle Baaja 2.0Actor Tiger Shroff is leaving no stone unturned to promote his upcoming release Heropanti 2, The actor was recently linked with sexy Esha Gupta as the two danced Heropanti 2song of Whistle Baja 2.0, Esha took to Instagram and shared a video of herself and Tiger dancing to the song Peppy. Check out Isha’s post:Also Read – KGF 2 Crosses Rs 900 Cr at Worldwide Box Office, Yash Starrer’s Biggest Win in 12 Days – Check Detailed Collection Report

Also Read – Tara Sutaria flaunts hot body in a gorgeous deep neck skirt set, steamy pics go viral

Isha is looking very hot in dance video!

Isha looked smoking hot in the dance video and wore a brown Thai-length dress. The actor opted for subtle makeup with a bold eyeliner with hair tied up in a high ponytail. Pairing her outfit with golden heels, Isha looked classy in trendy hooded earrings. She captioned her post, “For here #heropanti2 I @tigerjackieshroff @tarasutaria @khan_ahmedasas @shairaahmedkhan @wardkhannadiadwala @rahuldid @saregama_official, Also Read – Esha Gupta dazzles in hot pink rose halter-neck dress and poses for pictures

Fans praise Tiger-Isha’s killer moves!

Netizens reacted to Isha’s Instagram post with emojis of hearts and heart-shaped eyes. The internet was flooded with praises for Tiger and Isha’s hot chemistry on the dance floor. One fan commented, “.” Another fan wrote, “She dances so well.” Check out the responses:

Heropanti 2 The sequel to Tiger’s 2014 debut heropanti, actor heropanti Co-star Kriti Sanon joins her in the new Whistle Baja 2.0 from the sequel. Directed by Ahmed Khan, the film also stars Tara Sutaria, Nawazuddin Siddiqui and Amrita Singh in pivotal roles. AR Rahman has composed the music. The film is going to clash with Ajay Devgan, Rakul Preet Singh and Amitabh Bachchan starrer film. runway 34,

Watch this space on India.com for more updates on Tiger Shroff and Esha Gupta.

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Originally published at Pen 18

loan emi: Auto-debit bounce rates for loan EMIs inch up in March

In a sign of rising tensions in retail loans, auto-debits tracked by the National Automated Clearing House (NACH) platform of the National Payments Corporation of India (NPCI) rose 40 basis points month-on-month in March. One basis point is 0.01 percentage point.

In March, the bounce rate in value terms stood at 22.8%, which was better than the pre-Covid range of 24.5%-25.0%, which was reflected in all during FY22. Similarly, the bounce rate in terms of volume also increased sequentially to 29.6%, which is better than the pre-Covid average of 30.5-31.5%.

Some banks reporting March-quarter earnings have shown mounting pressure on the retail book.

Kunal Shah, Senior Vice President, ICICI Securities said, “As per the market feedback, the asset quality crisis has eased and the focus is now on growth.” “Moreover, given that geopolitical uncertainties are not disruptive, slippage and credit costs are likely to escalate further. However, given the marginal growth in March 2022 and a gradual increase in retail NPAs at one of the major banks, which have As of now having reported earnings, we will keep an eye on deterioration in asset quality.”

For ICICI Bank, fresh slippages or new bad loans were slightly higher than expected with retail and commercial banking loans contributing 89% of the total ₹4,200 crore gross slippage. Most of the banks have reported improvement in collection efficiency ratio, higher upgradation and recovery and eased any stress that could possibly arise from the COVID Emergency Guarantee Scheme. Banks’ restructured assets have also seen a decline.

As per rating agency ICRA, in terms of asset quality, Gross Non-Performing Assets is expected to decline to 5.6-5.7% by March 2023, as against an estimated 6.2-6.3% by March 2022 while Net NPAs will decline to 1.7-7% by March 2022. 1.8% as against an estimate of 2.0% by March 2022. Despite the asset quality outlook looking better, pressure from some sectors remains. “For the sector, challenges arise from the performance of the restructured loan book, which creates uncertainty for asset quality as these loans exit the moratorium,” said Anil Gupta, vice-president, ICRA.

Originally published at Pen 18

Beautiful Promise Sets In-person Fundraiser for May 3 – WWD – Pen 18

The Beautiful Promise, the spring fundraiser benefiting the Promise project, will be held in person this year after being held virtually in 2021. The event, which takes place on May 3 from 6:30 p.m. to 8:30 p.m., will take place at the Metropolitan Pavilion at 123 West 18th Street in New York.

The evening will honor the Promise clinical team at Columbia University, which is committed to helping marginalized families get the support they need for children with learning disabilities.

Long-time ABC-TV’s Bill Ritter will oversee the evening’s festivities, which include opportunities to bid on auction items that benefit the Promise project. The signature silent auction will feature contemporary handbags and accessories from collections such as Dior, Bulgari, Chanel, Monica Rich Kosan and Jennifer Fisher. Charitybuzz will offer Rao’s table for eight, tickets to “Jimmy Kimmel Live” and a private tour of the Metropolitan Museum of Art, among other things.

“The pandemic has further increased the challenges of marginalized children with learning disabilities, leaving them further behind to receive the education they need. Thankfully, the Columbia team at Promise has stepped up its game to provide vital support to many children and their parents. Their work is truly priceless,” said Promise Project founder Dana Butch.

For more information, ticket options and to register for the event, visit promise-project.org.

For more stories:

The Promise Project to Host the Beautiful Promise Spring Fundraiser

The Promise Project will hold a spring fund-raiser on May 1

Originally published at Pen 18

After Kolhapur loss, Centre won’t impose President’s Rule: Sharad Pawar

Violence against BJP leaders in Maharashtra has prompted some BJP to talk of imposing President’s rule in the state, however, Nationalist Congress Party chief Sharad Pawar was confident that the Center would not take such a step.

“Those who are restless are expected to look for other options, but there is no need to take them seriously. I don’t think they (BJP leaders) will take such a serious step. The Kolhapur bypoll results showed them That (with them) will happen if they have elections,” Pawar said while talking to reporters in Pune.

Without naming BJP leader Devendra Fadnavis, the NCP chief hit out at the former CM, saying people without power have become ‘restless’. “Power comes and goes, but there is no need to be restless. These days some people have become very restless. I can’t blame them because before the assembly elections (in 2019), they had announced that they would be in power. Coming back in. That didn’t happen,” Pawar said.

The NCP chief also blamed Amaravati MP-MLA couple Navneet and Ravi Rana for planning to recite Hanuman Chalisa outside Chief Minister Uddhav Thackeray’s house. Pawar said, “If you want to perform any religious ritual you can do it at your home, but if you announce to do it outside my house, you cannot blame me for the anger of my followers.” ” Working to create peace between different communities. Pawar also spoke out against the “derogatory” remarks made against the chief minister. Pawar said, “One can criticize the Chief Minister on the issue of government’s policy but you cannot insult him, the institution should be respected.”

Shiv Sena’s Rajya Sabha MP and party spokesperson Sanjay Raut said: “Ever since the Yogi government came to power, a lot of crimes and rapes have happened. If you want to impose President’s rule, put it together in UP and Maharashtra, “Dare. Raut.

Originally published at Pen 18

IPL: Punjab Kings beat Chennai Super Kings by 11 runs

Punjab Kings defeated Chennai Super Kings by 11 runs in an IPL match here on Monday.

Invited to bat, Shikhar Dhawan scored an unbeaten 88 with the help of nine fours and two sixes to bundle out Punjab Kings for 187 for four.

Bhanuka Rajapakse (42), Liam Livingstone (19) and Mayank Agarwal (18) also made useful contributions.

Defending the total, PBKS restricted CSK to 176 for six.

Ambati Rayudu was the top scorer for Chennai as he hit seven fours and six sixes in 78 off 39 balls, while Ruturaj Gaikwad top-scored with 27 runs for 30.

Kagiso Rabada (2/23) and Rishi Dhawan (2/39) were Punjab’s most successful bowlers, while Arshdeep Singh (1/23) and Sandeep Sharma (1/40) took a wicket each.

For CSK, Dwayne Bravo (2/42) and Mahesh Thekshana (1/32) were among the wicket-takers.

Brief Scores:

Punjab Kings: 187 for 4 in 20 overs (Shikhar Dhawan 88; Dwayne Bravo 2/42).

Chennai Super Kings: 176 for 6 in 20 overs (Ambati Rayudu 78; Kagiso Rabada 2/23).

Originally published at Pen 18

Indian companies filed 9,500 patents in the US in last six years: NASSCOM report

Bangalore: According to Nasscom’s India Patent Report, Indian companies have filed over 9,500 patents in the US during the period 2015-21 and 138,000 patents related to technology in India during the same period.

The report is an analysis of patents filed in the US by companies based in India as the country remains a major export market for the Indian technology industry. The report states that the US accounts for 62% of technology exports in FY 2022, and will continue to retain its share of technology patents as it reflects a start-up promotional and IP-right friendly environment.

More than 9,500 patents were filed by India’s parent companies in the US between 2015-2021–an increase of about 47% over 2015-2019. Also, the share of tech patents in the total patents filed in the US increased to 54% in 2015- 21 as compared to 52% in 2015-2019.

Of the 9,500 patents, the top domain areas in the tech sector were computer technology, communications technology and artificial intelligence in the non-technical space, which were pharmaceuticals, chemistry and chemical structures, and mechanical and structural inventions. In terms of patent assignment type, technical patents filed by individual inventors/academic research saw the highest growth of 60%, with Indian companies registering an increase of over 50% in 2015-21 over 2015-19. The report said that around 400 technology patents were filed by Indian start-ups during 2015-2021, an increase of 45% from 280 patents in the 2015-2019 period.

Sangeeta Gupta, Senior Vice President, NASSCOM, said, “It is extremely encouraging to note that intellectual property creation remains a key imperative – a growth of over 45% from 6,500 patents granted by Indian domicile organizations in 2015-2021 from 6,500 patents during 2015-2019 is registered.” , The report was released to mark World Intellectual Property Day on Tuesday.

Software apps, healthcare and medical devices have maintained their lead as the top application areas in patent filings and have a combined share of over 21% in the current study compared to a similar share in the 2015-19 period.

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Originally published at Pen 18