SME Times is powered by   
Search News
Just in:   • India’s exports to Australia more than double after bilateral trade pact  • India IPO market hits highest Q1 since 2018, raises $2.5 billion  • Govt lauds CSIR’s governance model, calls it benchmark for transparency  • India’s defence exports surge 62.6 pc to Rs 38,424 crore in FY26, reach over 80 countries  • S. Korea secures 50 million barrels of alternative oil supplies for April 
Last updated: 03 Jul, 2020  

Covid.9.thmb.jpg 'COVID-19 raises dangers posed by illicit trade'

Counterfeit.9.jpg
   Top Stories
» India’s exports to Australia more than double after bilateral trade pact
» India IPO market hits highest Q1 since 2018, raises $2.5 billion
» India’s defence exports surge 62.6 pc to Rs 38,424 crore in FY26, reach over 80 countries
» Stocks fall, oil prices jumps after Trump's Iran speech
» Stock markets surge over 2 pc in early trade amid Iran war de-escalation hopes
SME Times News Bureau | 03 Jul, 2020

COVID-19 pandemic has heightened the dangers posed by illicit trade, said top official from Jammu & Kashmir.

Mehraj-ud-din Rather, Additional Secretary, Department of Food, Civil Supplies and Consumer Affairs, Govt. of J&K added that these times call for greater focus on the growing hazards of arms smuggling and counterfeiting by taking immediate steps to curb the illegal activities.

Addressing the webinar,Rather said, "Many consumers are unaware of the dangerous nature of deceptive counterfeit products." Speaking on the role of consumers, he mentioned, "The attitude of consumers towards buying counterfeit goods needs to change. Constant vigilance and consumer awareness will play a key role in combating the growing trade of illicit goods."

Anil Rajput, Chairman, FICCI CASCADE said, "The UT of J&K is particularly vulnerable to the ill effects of illicit trade, and this is due to the environment of instability created by the hostility amongst the neighbouring nations."

Complimenting the role played by the enforcement agencies of J&K to check the growth of illicit trade, he further said, "The Prime Minister's call on 'Vocal for local' will create a conducive environment for the economy of the state government and play a major role in strengthening India."

Manish K Sinha, Inspector General, Crime, Jammu and Kashmir Police said, "Counterfeiting has an adverse impact in Jammu & Kashmir as illegal trade not only leads to revenue loss to the government but also leads to unemployment amongst the youth in Jammu and Kashmir. To address the issue, there is a need for policy level coordination between police and the industry bodies."

D P Dash, Former Pr. Director-General, DRI and Former Chairman, Enforcement Committee, World Customs Organisation (WCO)  said, "As new medicines and vaccines will be beyond the reach of millions, this will lead to an upsurge in smuggling and counterfeiting, hence enforcement agencies have to gear up to face this challenge."

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹94.25
₹92.55
UK Pound
₹125.95
₹121.95
Euro
₹108.95
₹105.3
Japanese Yen ₹59.4 ₹57.6
As on 02 Apr, 2026
  Daily Poll
What is the biggest war impact on MSMEs?
 Export Disruption
 Raw Material Spike
 Freight Cost Surge
 Payment Delays
 Currency Volatility
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter