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Truckers’ strike: AIMTC says govt assures discussion on new accident law; urges drivers to end protest
Under the Bharatiya Nyaya Sanhita (BNS), set to replace the Indian...
Gold expected to move much higher in 2024
"We expect an eventual rise to USD 2,400 in 2024, and if the rupee...
‘No move to reduce retirement age of govt employees’: MoS Jitendra Singh
Earlier, the Union Finance Ministry decided to not roll out any increment in the dearness allowance (DA) for its 1.13 crore government employees and pensioners’ at current levels in view of the coronavirus crisis which has put the economy under stress. The hold on DA hike will remain till July 2021.
Health secy Sudan gets 3-month extension, Tarun Bajaj appointed DEA Secretary
Tarun Bajaj, Additional Secretary in the Prime Minister’s Office, will be the new Department of Economic Affairs Secretary.A few years back,Bajaj was joint secretary, Insurance, Ministry of Finance.
Union Bank plans to lower stake in IndiaFirst Life to less than 10%
“We will continue the process started by erstwhile Andhra Bank to divest the stake to bring it below 10 per cent,” Union Bank of India Managing Director and Chief Executive Officer Rajkiran Rai G told PTI.
More coronaviruses looming large: Words of caution from China’s ‘bat woman’
What is worrying is that China is not the only “hot spot” from where such a future outbreak could originate, said the report, adding that other major emerging economies, such as India, Nigeria and Brazil, are also at high risk.
Indian govt brushes off Indian tax officers’ proposal for coronavirus tax on super rich
Finance Ministry sources said that neither IRS Association nor any group of officers mentioned in report were ever asked by the government to give any report on the subject. It was not part of their duty to prepare such a report and taking personal views to the media constituted an act of indiscipline, the sources said.
The report, dated April 23, said that “In times like these, the so called ‘super rich’ have a higher obligation towards ensuring the larger public good”. It also suggested a surcharge for foreign companies with a permanent establishment in India.
Indian airlines may suffer $11.2 bn revenue loss, 2.9 mn jobs at risk: IATA
“Overall, we estimate that the present 90 per cent collapse in air traffic puts around 6.7 million jobs at risk and could lead to a negative GDP impact of 452 billion dollars across Europe. This equates to an additional 1.1 million jobs and 74 billion dollars in GDP over the March estimates of 5.6 million jobs and 378 billion dollars,” said the latest IATA analysis.
Airlines to suffer USD11.2 billion revenue loss, 2.9 million jobs at risk: IATA
Conrad Clifford, IATA’s Regional Vice President for Asia-Pacific.identified India, Indonesia, Japan, Malaysia, the Philippines, South Korea, Sri Lanka and Thailand as priority countries that need to take action. In India, passenger demand in 2020 is estimated to fall by 47 per cent to 89.7 million.
Covid-19 Pandemic:U.S. death toll tops 51,000, Britain nears grim milestone of 20,000
The death toll from COVID-19 in hospitals across the United Kingdom increased on Friday by 684 in 24 hours to 19,506.Passing the 20,000 mark will be an uncomfortable moment for the government, whose Chief Scientific Adviser Patrick Vallance said on March 17 that keeping the toll under that number would be “a good outcome in terms of where we would hope to get.”
Covid-19 Pandemic:Insurers feel the heat as chefs, Trump join calls for payouts,insured losses to touch $30-60 bn
Insurers’ protests may be futile. Eight U.S. states have introduced legislation which would require insurers to pay claims, mainly to small businesses, despite exclusions. Many of the bills would let insurers seek reimbursement from the states.
COVID-19 death toll rises to 775, cases climb to 24,506, Govt allows all local shops to open
Meanwhile,in a reprieve to public at large, the government on Friday night allowed opening of neighbourhood and standalone shops, including those located in residential complexes within municipal areas, but at a 50 per cent strength and after taking necessary precautions.