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CAPFs canteens to sell only indigenous products from June 1: Amit Shah

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Union Home Minister Amit Shah on Wednesday announced that all canteens of the Central Armed Police Forces (CAPFs) like the CRPF and the BSF will sell only indigenous products from June 1 to 50 lakh family members of about 10 lakh personnel.

In a series of tweets in Hindi, Shah said the decision has been taken by the Ministry of Home Affairs after Prime Minister Narendra Modi”s appeal for opting local products and being self-reliant.

Shah also appealed to the people of the country to make maximum use of the products made in the country and encourage others to do the same.

“The Ministry of Home Affairs has decided that all Central Armed Police Forces (CAPF) canteens will now sell only indigenous products. This will be applicable to all CAPF canteens across the country from 1 June 2020. With this, 50 lakh family members of about 10 lakh CAPF personnel will use indigenous products,” he said.

The CAPFs — CRPF, BSF, CISF, ITBP, SSB, NSG and Assam Rifles — canteens together sell products worth about Rs 2,800 crore annually.

Referring to Modi”s appeal on Tuesday, during his address to the nation, to make the country self-reliant and use products made in India, Shah said this will surely pave the way for India to lead the world in future.

“If every Indian pledges to use products made in India (Swadeshi), the country can become self-sufficient in five years,” he said. PTI ACB SMN SMN

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ICICI Bank sets up presence in Nepal

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ICICI bank, apex consumer commission, Rs two lakh, ATM fraud, Business news

Lending major ICICI Bank on Thursday launched its operations in Nepal, via a representative office, to become the first Indian private sector bank to set up its presence in the country.

The bank opened a representative office in Kathmandu which will closely work with the domestic banks in Nepal to facilitate investment, trade, payments and treasury business between the two countries.

According to the bank, the current foray has expanded its global footprint to 15 countries including India.

“India and Nepal have significant trade and investment links between them. We believe that ICICI Bank’s on-ground presence through the new representative office coupled with its strong business partnerships with banks in Nepal, will help us further our participation in the economic flows between the two countries,” said Sriram H. Iyer, Head – International Banking Group, ICICI Bank.

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