21
Monday
September 2020
6:27 AM IST
News Headlines
Burkina Faso striker Traore leaves Lyon for Aston Villa        AIFF to conduct three-day International Virtual Conference for coaches        Looking to play good brand of cricket to make this season a memorable one: KL Rahul        US stocks fall as market decline extends for third week        No decision to discontinue printing of Rs 2000 note: FinMin        Iran vows 'hit' on all involved in US killing of top general        Russia's Navalny says he's now more than 'technically alive'        Pak uses drone to weapons in J-K's Rajouri; 3 LeT terrorists arrested        Centre rejects study which claims India is world's largest emitter of anthropogenic sulphur dioxide        Garib Kalyan Rojgar Abhiyaan not implemented in Bengal as state did not provide any info: FM        Parliament's monsoon session likely to be curtailed, may end by mid-next week        Kerala reports 4,000 plus fresh COVID-19 cases for second day in row; Toll crosses 500        China flies 18 warplanes near Taiwan during US envoy''s visit        US bans WeChat, TikTok citing national security        IPL 2020: Dhoni''s CSK lock horns with Rohit led MI in opener        US Open champion Osaka out of French Open due to injury        NIA questions Ker Minister Jaleel for over 8 hours; No need for him to resign, says CM        Delhi riots: Police files charge sheet under UAPA against 15 for larger conspiracy        Serum Institute gets DGCA''s nod to resume testing of Covid vaccine again        Russia''s RDIF collaborates with Dr Reddy''s Laboratories for Sputnik V vaccine trials, distribution: CEO        
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Business News
More Indians in Singapore returning home due to job losses: Envoy
 
Singapore: More and more Indian workers are returning home as Singapore businesses cut down on workforce following the severe impact of the novel coronavirus pandemic, an official said.

"On an average, about 100 Indian nationals in Singapore continue to register daily with the High Commission here for flights back home, with over 11,000 having registered so far," Indian High Commissioner P Kumaran said on Wednesday.

Special flights have been arranged as part of the ongoing Vande Bharat Mission and, wherever necessary, more flights are added to help meet the high demand for some destinations to help Indian nationals return home as they have lost their jobs, or going back for medical treatment or family-distress situation, he said.

Kumaran said the high commission would continue to work to ensure enough repatriation flights, even though formal flights between Singapore and India have not resumed.

The high commission has repatriated over 17,000 Indian nationals by arranging 120 special flights since May, said Kumaran.

Speaking to PTI, the envoy also listed out his priorities in working on the India-Singapore relationship during his tenure here, especially further intensifying the political engagement, focus on increasing trade and investment flows, and technology collaborations in the space of fintech and startups.

"We have planned an India-ASEAN hackathon later this year, as part of similar hackathons done between Indian and Singapore in the past," he said. "We are also working further on other collaboration opportunities such enabling digital payments in Singapore through Indian domestic RuPay cards, working together to develop a Global Stack, on the lines of India Stack, and for making our MSME platforms interoperable."

Discussions are ongoing with the Singapore Manufacturing Federation (SMF) to explore opportunities for a manufacturing partnership.

"India offers industrial sites in planned economic zones to promote manufacturing," he said, stressing that country had "a very cost competitive" manufacturing ecosystem, especially its low labour cost.

Singapore, through regionally-linked institutions and trade bodies such as the SMF, as well as a good understanding of the ASEAN market, offers good scope for such a win-win partnership.

"This perfectly fits into the India's strategy to be a global manufacturing hub with Singapore's investment in specialised manufacturing sectors and cooperation in the area of developing the required skills for Indian workers," Kumaran said.

"Singapore has been a longstanding FDI source for the Indian market and, by expanding collaborations with SMF, we aim to bring in more industries into the manufacturing sector in the country," said Kumaran.

Investors see India as a long-term market with a growing domestic demand and the ongoing economic reforms creating a business-friendly environment as well as government's support for export-oriented industries, according to Kumaran.

Separately, the high commissioner is also set to start work on India's new High Commission building at Stevens Road on the outskirts of the hotel-belt of Orchard Road and the central business district.

It is designed to be a multi-storey complex on the free-hold land parcel owned by the Indian government, along with the current chancery and the High Commissioner's residence.

"We are looking at completing the Indian High Commission's new complex in about three years," said the envoy.


US stocks fall as market decline extends for third week
No decision to discontinue printing of Rs 2000 note: FinMin
Rupee drops 13 paise to 73.73 against US dollar in early trade
Trai grants Voda Idea time till Sep 8 to respond to priority plan show-cause notice
PVR defers capex plans to control costs amid COVID-19 disruptions
India's commitment to reform being taken seriously by foreign investors: FM
Air India to resume Mumbai-Aurangabad flights from Sep 15
Paytm FY'20 revenue rises to Rs 3,629 cr, loss narrows by 40 pc
Sensex tanks over 600 pts on global selloff; Nifty below 11,400
Tata Motors shares gain 1 pc after August sales data
India ready to work with FAO to help other nations in tackling locust problem: Agri ministry
GST collection drops for second month in Aug to Rs 86,449 cr
TCS shares decline over 1 pc
Gujarat tops Niti Aayog's Export Preparedness Index 2020
RBI sees demand recovery taking more time, dependent on govt consumption
Singapore govt, monetary authority trim stake in Zee Entertainment
Average salary increment falls to 3.6 pc this fiscal, says survey
Gmail services being restored, expect resolution for all users in near future: Google
Sebi proposes to relax minimum public shareholding norms for firms under insolvency
Sensex jumps over 200 pts in early trade; Nifty tests 11,450
KERALA NEWS
Take steps to attach properties of pvt financial institution; HC to govt
 Kochi: The Kerala High Court on Wednesday directed the state government to take steps to attach the  
Kerala logs single-day highest spike of 3,830 COVID-19 cases
Jaleel has committed no wrong, says Kerala CM
"My hands are clean, not accepted any gift or money" Minister
INTERNATIONAL NEWS
Iran vows 'hit' on all involved in US killing of top general
 Tehran, Sep 19 (AP) The chief of Iran's paramilitary Revolutionary Guard threatened on Saturday to g
Russia's Navalny says he's now more than 'technically alive'
China flies 18 warplanes near Taiwan during US envoy''s visit
US bans WeChat, TikTok citing national security
NATIONAL NEWS
Pak uses drone to weapons in J-K's Rajouri; 3 LeT terrorists arrested
 Jammu, Sep 19 (PTI) Pakistan dropped weapons and some cash in Indian currency using a drone in Jammu
Centre rejects study which claims India is world's largest emitter of anthropogenic sulphur dioxide
Garib Kalyan Rojgar Abhiyaan not implemented in Bengal as state did not provide any info: FM
Delhi riots: Police files charge sheet under UAPA against 15 for larger conspiracy
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