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Piyush Goyal's statement on India ASEAN Trade is unwarranted, says former Union Minister Anand Sharma
Piyush Goyal's statement on India ASEAN Trade is unwarranted, says former Union Minister Anand Sharma

Malaysia Sun

time5 hours ago

  • Business
  • Malaysia Sun

Piyush Goyal's statement on India ASEAN Trade is unwarranted, says former Union Minister Anand Sharma

ANI 20 Jun 2025, 15:09 GMT+10 New Delhi [India], June 20 (ANI): Former Union Commerce & Industry Minister of India, Anand Sharma, on Friday said in a statement that the statement by Commerce Minister Piyush Goyal on 'belittling India ASEAN Trade Agreements is unwarranted, ill-advised and unfortunate.' Anand Sharma believes that both India and ASEAN has been together for three decades engaged in a multifaceted relationship which is mutually rewarding and the Association of Southeast Asian Nations, is a regional bloc of ten Southeast Asian countries. Formed in 1967, its primary goals are to foster economic growth, social progress, and cultural development, while also promoting regional peace and further believes that this relationship is important for 'Look East policy to deepen and diversify India's relations with a region that is economically vibrant and of enormous geo-strategic importance for engagement with the Asia-Pacific region.''Piyush Goyal's statement terming the Trade agreement with ASEAN as silly and labelling these counties as B team of China is irresponsible and insulting. He has forgotten, that President of Indonesia Prabowo Subianto was the chief guest for 2025 Republic Day Parade,' Anand Sharma said. The former Union Minster in his statement also emphasized that, 'trade in goods with ASEAN counties also includes essential imports: Iron ore and Coal from Indonesia, Palm oil from Malaysia and Indonesia, Oil - Petroleum products from Brunei Dares Salam and Malaysia and pulses from Mayanmar.''It needs mention that ASEAN is India's 4th largest trading partner accounting for over 11% of India's total global trade with bilateral trade at 120billion USD and accounts for over 11% of India's Exports. FDI inflows from ASEAN to India account for over 18% of total FDI inflows since 2000,' he further about the Commerce Minister, he also said that, 'Commerce Minister should be prioritising strengthening trade relations with partner countries and not insulting them while bending backwards to negotiate a suboptimal trade agreement with USA on its terms.' (ANI)

Piyush Goyal's statement on India ASEAN Trade is unwarranted, says former Union Minister Anand Sharma
Piyush Goyal's statement on India ASEAN Trade is unwarranted, says former Union Minister Anand Sharma

India Gazette

time11 hours ago

  • Business
  • India Gazette

Piyush Goyal's statement on India ASEAN Trade is unwarranted, says former Union Minister Anand Sharma

ANI 20 Jun 2025, 15:09 GMT+10 New Delhi [India], June 20 (ANI): Former Union Commerce & Industry Minister of India, Anand Sharma, on Friday said in a statement that the statement by Commerce Minister Piyush Goyal on 'belittling India ASEAN Trade Agreements is unwarranted, ill-advised and unfortunate.' Anand Sharma believes that both India and ASEAN has been together for three decades engaged in a multifaceted relationship which is mutually rewarding and the Association of Southeast Asian Nations, is a regional bloc of ten Southeast Asian countries. Formed in 1967, its primary goals are to foster economic growth, social progress, and cultural development, while also promoting regional peace and further believes that this relationship is important for 'Look East policy to deepen and diversify India's relations with a region that is economically vibrant and of enormous geo-strategic importance for engagement with the Asia-Pacific region.''Piyush Goyal's statement terming the Trade agreement with ASEAN as silly and labelling these counties as B team of China is irresponsible and insulting. He has forgotten, that President of Indonesia Prabowo Subianto was the chief guest for 2025 Republic Day Parade,' Anand Sharma said. The former Union Minster in his statement also emphasized that, 'trade in goods with ASEAN counties also includes essential imports: Iron ore and Coal from Indonesia, Palm oil from Malaysia and Indonesia, Oil - Petroleum products from Brunei Dares Salam and Malaysia and pulses from Mayanmar.''It needs mention that ASEAN is India's 4th largest trading partner accounting for over 11% of India's total global trade with bilateral trade at 120billion USD and accounts for over 11% of India's Exports. FDI inflows from ASEAN to India account for over 18% of total FDI inflows since 2000,' he further about the Commerce Minister, he also said that, 'Commerce Minister should be prioritising strengthening trade relations with partner countries and not insulting them while bending backwards to negotiate a suboptimal trade agreement with USA on its terms.' (ANI)

Kolkata victims lose over Rs 78 lakh in jewellery and cyber fraud cases
Kolkata victims lose over Rs 78 lakh in jewellery and cyber fraud cases

Time of India

time31-05-2025

  • Business
  • Time of India

Kolkata victims lose over Rs 78 lakh in jewellery and cyber fraud cases

Kolkata: Two separate frauds in the city have led victims to lose more than Rs 78 lakh. In the first case reported from central Kolkata, a woman who arrived in Kolkata after the pandemic filed a police complaint against three individuals, including a man allegedly impersonating an army officer, for fraudulently obtaining her jewellery worth over Rs 11 lakh to be used to acquire a gold loan. In another incident, a resident of Action Area-2D, New Town, fell victim to a sophisticated cyber fraud scheme, losing Rs 67.5 lakh in a fake online share trading scam. The first victim, a resident of Purna Das Road, accused one person named P Mahajan, who posed as a major, a retired "colonel" by the name R Robertson, and one woman of deceiving her under the pretense of requiring financial assistance for their business. According to the complaint, Mahajan and the 'colonel' gained the victim's trust by taking her to military installations in the city. The accused also arranged for her attendance at the Republic Day Parade to establish credibility. "They approached me claiming their business was facing losses and needed financial support," claimed the victim. "I handed over my ancestral jewellery as collateral for a gold loan of Rs 11,26,000. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo Despite promises to return the jewellery within 11 months, the accused allegedly failed to do so for over two and a half years." The complainant alleged that when confronted, the accused threatened her with "dire consequences" and attempted to blackmail her. The accused reportedly issued blank cheques to pacify her but have since refused to return her jewellery. In the New Town case, the victim was lured into investing Rs 67.5 lakh through what appeared to be a legitimate private banking application. The fraudsters promised returns of Rs 3 crore on his investment, compelling him to transfer funds through multiple RTGS transactions. The scam came to light when the perpetrators demanded additional payments on May 20, threatening to cancel his investment plan if he failed to comply. Realising he was defrauded, the victim promptly reported the incident to the National Cyber Crime Portal. Kolkata: Two separate frauds in the city have led victims to lose more than Rs 78 lakh. In the first case reported from central Kolkata, a woman who arrived in Kolkata after the pandemic filed a police complaint against three individuals, including a man allegedly impersonating an army officer, for fraudulently obtaining her jewellery worth over Rs 11 lakh to be used to acquire a gold loan. In another incident, a resident of Action Area-2D, New Town, fell victim to a sophisticated cyber fraud scheme, losing Rs 67.5 lakh in a fake online share trading scam. The first victim, a resident of Purna Das Road, accused one person named P Mahajan, who posed as a major, a retired "colonel" by the name R Robertson, and one woman of deceiving her under the pretense of requiring financial assistance for their business. According to the complaint, Mahajan and the 'colonel' gained the victim's trust by taking her to military installations in the city. The accused also arranged for her attendance at the Republic Day Parade to establish credibility. "They approached me claiming their business was facing losses and needed financial support," claimed the victim. "I handed over my ancestral jewellery as collateral for a gold loan of Rs 11,26,000. Despite promises to return the jewellery within 11 months, the accused allegedly failed to do so for over two and a half years." The complainant alleged that when confronted, the accused threatened her with "dire consequences" and attempted to blackmail her. The accused reportedly issued blank cheques to pacify her but have since refused to return her jewellery. In the New Town case, the victim was lured into investing Rs 67.5 lakh through what appeared to be a legitimate private banking application. The fraudsters promised returns of Rs 3 crore on his investment, compelling him to transfer funds through multiple RTGS transactions. The scam came to light when the perpetrators demanded additional payments on May 20, threatening to cancel his investment plan if he failed to comply. Realising he was defrauded, the victim promptly reported the incident to the National Cyber Crime Portal.

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