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Treat transgenders as special category for employment, education: Madras HC
The ruling, issued by Justice V Bhavani Subbaroyan on June 12,...
Inflation worries continue for US Fed; No policy rate cut for seventh time
Jerome Powell, US Fed Chair "We are maintaining our restrictive...
PayTM sees surge in the use of its payment platforms, could turn profitable in 2021
Speaking at a panel on how technology can help tackle financial exclusion, Vijay Shekhar Sharma said the crisis had forced more merchants to use PayTM’s platforms as businesses were forced to accept digital payments.
PayTM, which began as a service for people to top up their mobile phones, offers a digital payment platform for merchants, money transfers and bill payments across India. Its lending businesses include credit cards, personal loans and merchant cash loans in partnership with other lenders.
RBI forms panel to look into digital lending practices
The regulator said on Wednesday, it was setting up a six-member working group to evaluate digital lending activities and identify risks posed by unregulated digital lending to financial stability, regulated entities and consumers.
In December, the RBI had issued a notice about lending apps, warning that some engaged in “unscrupulous activities”, such as charging excessive interest rates and fees.
In the future, scientists feel Covid will resemble the common cold-causing virus
A safe and effective vaccine against Covid-19 could save hundreds of thousands of lives in the first year or two of vaccine roll-out, but continued mass vaccination may be less critical once SARS-CoV-2 becomes endemic, the researchers said.
Google launches $3 mn fund to fight misinformation around Covid vaccine
“While the Covid-19 infodemic has been global in nature, misinformation has also been used to target specific populations,” said Alphabet’s Google
“Some of the available research also suggests that the audiences coming across misinformation and those seeking fact checks don’t necessarily overlap.”
COVID-19 spurs calls to boost protections for millions of homeworkers
“Homeworkers have been invisible for too long. But the explosion in homeworking during the pandemic has highlighted the poor working conditions experienced by millions worldwide,” ILO economist Janine Berg told the Thomson Reuters Foundation.
Homeworkers earn on average 13% less than non-homeworkers in Britain, 22% less in the United States, 25% less in South Africa and about 50% less in Argentina, India and Mexico, the ILO said in a report.
5% more income tax returns filed this year
The tax department in a tweet said 5.95 crore ITRs for Assessment Year 2020-21 were filed till January 10, 2021, as compared to 5.67 crore ITRs filed for the previous Assessment Year by September 10, 2019.
Domestic hospitality industry to contract by 65 pc in FY21: Report
A sharp demand recovery is possible in the later part of the financial year 2021-22, as vaccine rollouts gain traction.
Much though will be contingent upon the spread of the pandemic and success of vaccination efforts, the report by Icra said
Tesla takes another step on road to launch in India
The move comes as Indian Prime Minister Narendra Modi is promoting the production and use of electric vehicles to reduce the country’s oil dependence and cut down on pollution.But efforts have been stymied by a lack of investment in manufacturing and infrastructure such as charging stations.
Uber expands “green trip” option to over 1,400 cities in North America
The company also said drivers can now rent a zero-emission vehicle through rental car service provider Avis. This option is currently only available at Los Angeles, although Uber plans on expanding it nationwide in 2021, it said.
Indonesian divers retrieve flight recorder from Jet crash
The black boxes will provide more information on what caused the plane to plunge more than 10,000 feet in a matter of seconds. Both pilots in command of Sriwijaya Air Flight 182 were experienced and the airline has a solid safety record, with no fatal accidents since it was founded in 2003. The 737-500 model itself also has a good safety record.