Category:

Disaster & Management

CPSE strategic sale: Govt makes security clearance mandatory for bidders

According to the performa, any interest of more than 10 per cent in the bidding entity would require disclosures of parentage and beneficial ownership to get a security clearance.

In case the acquirer is a sole bidder, then it has to share with the government details, like nationality, address, parentage, unique ID number of the country of residence and passport number, of its directors and partners.

Also a self-declaration regarding the nature and extent of presence/operation of the bidder in China and Pakistan, if any would have to be provided by them.

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FPIs invest Rs 22,038 cr in Feb so far amid post-Budget cheer

According to depositories data, overseas investors poured in Rs 20,593 crore into equities and Rs 1,445 crore in the debt segment, taking the total net investment to Rs 22,038 crore during February 1-12.
There are other indicators that support FPI flows into the equity markets like continuous decline in the COVID-19 case count, rollout of vaccines, growth in earnings and measures taken by the government to boost the economy, Srivastava said. V K Vijayakumar, chief investment strategist at Geojit Financial Services, noted that there is sectoral rotation happening in the market now.

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Himalayan rescuers recover more bodies as flash flood death toll rises to 50

Uttarakhand is prone to flash floods and landslides. The disaster has prompted calls by environmental groups for a review of power projects in the ecologically sensitive mountains.

A team of scientists are investigating if a piece of a Himalayan glacier did fall into water and trigger the flood.

There are about 10,000 glaciers in the Indian Himalayas. Uttarakhand itself has up to 1,495 glaciers and many are receding due to the warming climate.

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Florida consumers ‘flabbergasted’ as property insurers push for double-digit rate hikes

Florida’s domestic property insurers reported a more than $1 billion underwriting loss for the first three quarters of 2020 and almost $500 million in negative net income, according to the Florida Office of Insurance Regulation.

Florida’s domestic property insurers reported a more than $1 billion underwriting loss for the first three quarters of 2020 and almost $500 million in negative net income, according to the Florida Office of Insurance Regulation.

Florida insurers requested 105 rate increases during the first ten months of 2020, Altmaier said. More than half of the increases that regulators approved were greater than 10%.

Florida insurers requested 105 rate increases during the first ten months of 2020, Altmaier said. More than half of the increases that regulators approved were greater than 10%.

Florida insurers requested 105 rate increases during the first ten months of 2020, Altmaier said. More than half of the increases that regulators approved were greater than 10%.
The rate increases in Florida, the third-largest property insurance market among U.S. states, are the highest in memory, according to some insurance agents and residents. One danger, they say, is that the new rates could make owning a home in Florida unaffordable.

Florida’s property insurance market, which collected $56.6 billion in premiums during 2019, is unique and covers complex risks including devastating hurricanes and the impact of climate change.

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Study: Smaller cars may be why crashes injure women more

Men and women crashed in minivans and SUVs in about equal proportions, the researchers found. But around 70% of women crashed in cars, compared with about 60% of men. And more than 20% of men crashed in pickups, compared with less than 5% of women.
Women were also much more likely to suffer leg injuries compared to men, which may require car safety researchers to start building crash test dummies that account more for the physical differences between women and men, the researchers noted.

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