Category:

Eco/Invest/Demography

Govt warns Twitter exemption from liability will be withdrawn on non-compliance

The new IT rules require significant social media intermediaries – those with other 50 lakh users – to appoint a grievance officer, nodal officer, and chief compliance officer. This personnel is required to be residents in India.

Under the new rules, social media companies will have to take down flagged content within 36 hours, and remove within 24 hours content that is flagged for nudity, pornography, etc. The Centre had said the new rules are designed to prevent abuse and misuse of platforms, and offer users a robust forum for grievance redressal.

read more

States begin easing COVID lockdowns as case numbers decline

The national capital territory of Delhi, the seat of India’s federal government, was among those relaxing restrictions and will allow shops to open on alternate days. Shops with even numbers will open on one day while those with odd numbers will open the next day. Private offices will also now be allowed to operate at 50% of normal staffing levels.

In the industrialised western state of Maharashtra, the local government will from June 7 allow malls, movie theatres, restaurants and offices to open regularly in districts where the positivity rate has fallen below 5%.

read more

FM meets insurers, New India pays Rs 209 crore for settling 419 health workers’ COVID-19 claims

A total of 4.65 lakh claims have been paid amounting to Rs 9,307 crore under PMJJBY. Since the beginning of the pandemic that is April 2020 onwards till date, 1.2 lakh claims have been paid amounting to Rs 2,403 crore, at a disposal rate of 99 per cent.

 She also called for accelerating disbursement of pending claims under PMJJBY during the pandemic. 

Sitharaman also took stock of Pradhan Mantri Suraksha Bima Yojana (PMSBY), under which a total of 82,660 claims of Rs 1,629 crore have been paid as on May 31, 2021.

read more

Yamuna International Airport secures financing from SBI for development of Noida Airport

Christoph Schnellmann, the Chief Executive Officer of Yamuna International Airport Private Limited said, “We are extremely delighted to partner with the State Bank of India, the country’s largest bank, for financing the development of the Noida International Airport. The entire loan of Rs 3725 crore has been underwritten by SBI on a door-to-door loan tenor of 20 years. We look forward to working closely with SBI to develop NIA as a world-class airport in India. The project will not only boost the Indian economy but will also help in employment generation in Uttar Pradesh and Delhi NCR region”.

read more

Centre caps prices of oxygen concentrators

“NPPA has capped the trade Margin up to 70 per cent on price to distributor (PTD) level on oxygen concentrators,” the ministry said.

The order will be applicable up to November 30 this year, subject to review.The ministry further said that the manufacturers/importers not complying with the revised MRP after trade margin capping, will be liable to deposit the overcharged amount along with 15 per cent interest and penalty up to 100 per cent under the provisions of the Drugs (Prices Control) Order, 2013 read with Essential Commodities Act, 1955.

read more

Children can’t be vaccinated currently, trials on below 18 underway: Centre to Delhi HC

The Centre submitted affidavits saying, “The Companies manufacturing COVID-19 vaccination in India have given only “Emergency Use Authorization for vaccinating people of 18 years age and above, therefore, COVID vaccines are not recommended for persons/children less than 18 years of age. This is also because of the fact that the clinical trial group during phase 1, phase 2 and phase 3 did not cover the children below 18 years of age.”

read more

“Epidemiologists have made very clear the third wave of COVID-19 is inevitable in India”

Third wave of COVID-19 is inevitable and is likely to start from September-October, so the country should vaccinate as many people as possible.
”But in the second wave, the virus had a different characteristic which resulted in an indirect attack on lungs in a big way, which resulted in a large number of people demanding oxygen at a very early stage of infection.

read more