Policy
Centre working to save lives, livelihoods, FM Sitharaman tells India Inc
New Delhi: Union finance minister Nirmala Sitharaman on Monday said the Centre is working with state governments to save lives and livelihoods. She said this during an interaction with industry chambers on concerns of India Inc with respect to the second wave of the pandemic....
China launches first class-action lawsuit in war against corporate fraud
SHANGHAI: China launched the country’s first class-action lawsuit against a listed company on Friday, targeting Kangmei Pharmaceutical Co, as regulators vowed “zero tolerance” against accounting fraud and other capital markets “tumors”. The China Securities Investor Service Centre (CSISC), a government-affiliated body, is suing Kangmei on...
Govt notifies draft rules for hiking FDI to 74 % in insurance sector
New Delhi: After the passage of the enabling amendments in the Insurance Act 1938, by the parliament, to hike the foreign direct investment (FDI) in the Indian insurance sector to 74 per cent from 49 per cent, the ministry of finance, on Tuesday has notified...
Govt may hike pension sector FDI limit to 74%; Bill likely in next session
New Delhi: The government may hike foreign direct investment (FDI) limit in the pension sector to 74 per cent and a Bill in this regard is expected to come in the next Parliament session, according to sources. Last month, Parliament approved a Bill to increase...
Desist from exploiting COVID-19 situation: HC to IMA members
Jabalpur: The Madhya Pradesh High Court has asked the members of the Indian Medical Association (IMA) and MP Nursing Home Association to desist from ''exploiting'' the coronavirus situation by overcharging the affected persons in the wake of the second wave of the pandemic. A division...
Health Minister Vardhan approves National Policy for Rare Diseases, 2021
New Delhi: Union Health Minister Harsh Vardhan approved the 'National Policy for Rare Diseases 2021' which aims to lower the high cost of treatment for rare diseases, with increased focus on indigenous research and local production of medicines, an official statement said on Saturday. A...
World economy risks 'dangerously diverging' even as growth booms
The world economy is on course for its fastest growth in more than a half century this year, yet differences and deficiencies could hold it back from attaining its pre-pandemic heights any time soon. The US is leading the charge into this week’s semi-annual virtual...
How can we vaccinate the world? Five challenges facing the UN-backed COVAX programme
The aim of the UN-backed COVAX scheme is to get two billion vaccine doses into the arms of around a quarter of the population of poorer countries by the end of 2021. What are the main challenges that need to be overcome, if this historic...
Govt proposes to establish alternate funding, increase assistance in new Rare Disease Policy Draft
New Delhi: The new Rare Disease Policy Draft Report of the government has proposed establishment of alternate funding through voluntary crowd funding and corporate funding, and increase in assistance for patients needing one time treatment from Rs 15 lakh to Rs 20 lakh. The new...
Cairn to seize overseas Indian assets to enforce $1.2-bn arbitration award
New Delhi: UK's Cairn Energy Plc plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its owned companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets...
