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    At China’s big import fair, sellers try to crack a tough market

    At the China International Import Expo in Shanghai, a plethora of international firms exhibited their products tailored for the growing Chinese consumer market. Emphasizing the importance of cutting-edge technology and skilled craftsmanship, businesses recognize the fierce local competition, with Chinese manufacturers enhancing their capabilities.

    Rs 12.6 lakh salary, Rs 9.2 crore transactions: Telecom company employee lands on Income Tax radar over businesses he claims he never owned

    A telecom company employee earning Rs 12.6 lakh annually allegedly faces questions over undisclosed income of Rs 9.2 crore after fraudsters misused his PAN and KYC documents to create fake businesses and obtain GST registrations. The entities reportedly recorded transactions worth Rs 6.5 crore in two months. Delhi Police's Economic Offences Wing has registered an FIR and is investigating the alleged identity theft.

    Government extends ₹2,700-crore PLI scheme for medical devices till 2035-36, eases eligibility norms

    The government has extended the ₹2,700-crore production-linked incentive (PLI) scheme for domestic medical device manufacturing until 2035-36 and invited fresh applications with relaxed eligibility and investment conditions. The revised rules remove the minimum sales threshold for claiming incentives and lower the minimum investment requirement to attract more manufacturers.

    Government invites fresh applications under Rs 2,700 crore medical device PLI scheme

    The government is inviting new applications under the Production Linked Incentive Scheme for Medical Devices. This scheme has been extended until 2035-36 with an outlay of Rs 2,700 crore. Eligibility conditions have been simplified, and new applicants can submit multiple applications across different target segments. The revised scheme aims to enhance domestic manufacturing of high-end medical devices and improve global competitiveness.

    Sweet trouble this Diwali: Rs 82 crore worth of food, 1,185 licences come under FSSAI scanner

    FSSAI conducted a nationwide inspection drive from September 1 to November 5 to check food adulteration. During this period, more than 3,000 tonnes of non-compliant food products were seized across India. The regulator canceled 52 licenses and suspended over 1,000 licenses in response to violations. Additionally, 10,047 improvement notices were issued to food business operators across various establishments.

    US Navy Blue Angels fires pilot, team flies five instead of six jets during homecoming show: Who is Scott Laux and why was he removed?

    Marine Corps Major Scott Laux has been taken off the Navy's Blue Angels squadron. He had been serving as the number 6 opposing solo since September 2024. His removal means he will miss the rest of the season's performances, although the Blue Angels plan to proceed with their shows, wrapping up on November 7.

    The Economic Times
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