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RBI allows Centrum to take over PMC, re-launch it as SFB in JV with BharatPe

by AIP Online Bureau | Jun 18, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

  MUMBAI, Diversified financial services player Centrum Group on Friday said it has received an in-principle approval from the Reserve Bank of India (RBI) to take over the troubled cooperative lender PMC Bank and re-launch it as a small finance bank. Centrum...

17 children died of Covid-19 in Meghalaya, state taking steps to combat third wave: Minister

by AIP Online Bureau | Jun 18, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life

Shillong: Over 5,000 children in the age group of 0-14 years have tested positive for Covid-19 in Meghalaya, 17 of which succumbed to the infection, Health Minister A L Hek said on Friday. He also stated that none of the newborns delivered by Covid-positive mothers...

Australia limits use of AstraZeneca COVID-19 vaccine to people over 60

by AIP Online Bureau | Jun 17, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

Australia will recommend only people over 60 receive AstraZeneca's COVID-19 vaccine, the country's Minister for Health Greg Hunt said on Thursday, following a spate of blood clots in those who have received the inoculation. Australia has administered 3.3...

DPIIT notifies 74% FDI cap in insurance sector under automatic route

by AIP Online Bureau | Jun 17, 2021 | Eco/Invest/Demography, Indian News, Life, Non-Life

New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) has notified the government's decision to increase the foreign direct investment (FDI) limit in the insurance sector under the automatic route to 75 per cent from 49 per cent earlier....

India logs 67,208 new COVID-19 cases, 2,330 deaths in last 24 hours

by AIP Online Bureau | Jun 17, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic

  New Delhi: India recorded 67,208 fresh COVID-19 cases and 2,330 COVID-related deaths in the last 24 hours, the Union Health Ministry said on Thursday. According to the Ministry of Health and Family Welfare, the daily positivity rate in India now stands at 3.48...
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