Good Morning FEI – August 08th, 2018

08 Aug 2018

Wednesday, August 08th, 2018

 

NATIONAL

➢ M. Karunanidhi, a 5 time Chief Minister of Tamil Nadu and head of DMK for over 5 decades, passed away yesterday. He was 94.

➢ The Modi government has warned large internet companies to “behave in a responsible manner” to enable users report “disturbing” content promptly so that swift action can be initiated.

 

INTERNATIONAL

➢ Firms doing business with Iran will be barred from the United States, President Donald Trump said on Tuesday, as new US sanctions took effect in spite of pleas from Washington’s allies.

➢ Pakistan’s election commission withheld the victory notification of Imran Khan from two of it’s five constituencies from where he contested.

 

BUSINESS

➢ Apple seems to have decided to relent in India and fall in line with telecom regulator TRAI’s demand to allow an anti-spam app that tackles the menace of unwanted calls and messages.

➢ The government on Tuesday raised import duty on several textile products, including garments, scarves and carpets, as part of its plan to protect domestic manufacturers and support the ‘Make in India’ initiative.

 

LOGISTICS

➢ The Port of Colombo has reduced its transhipment rates by 9.5 per cent following India lifting cabotage restrictions in May, allowing foreign ships to operate on local routes, thereby reducing depending on neighboring countries for transhipment.

 

DID YOU KNOW

➢ The largest ships can cost over USD 200 Million to build.

 

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