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Tribunal cancels property gift deed as son fails to look after ailing mother

The senior citizen had earlier lodged a complaint with the Deputy Collector stating that her son was not offering her basic amenities after she gifted her property to him.

M Adharsh, Deputy Collector-cum-head, Karaikal District Social Welfare Tribunal, passed orders declaring the transfer of property to the son void and restoredit to the mother under sections 4(2) and 23(1) of the Maintenance and Welfare of the Parents and Senior Citizens Act, 2007.

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France to rein in reduced-time work scheme as covid crisis eases

From Oct.1,workers will get 60% of their normal gross wages under the scheme, down from 70% currently, President Emmanuel Macron told employers and unions. Meanwhile, the state will reimburse employers up to 60% of the cost, instead of 85% currently.

However, a company can only tap the existing furlough arrangements for up to six months, and on Wednesday the government also outlined a new longer-term programme that is more generous for the employee and company, but demands commitments to safeguarding jobs.

The programme will allow workers to receive up to 70% of gross wages, with the state reimbursing firms up to 85% if the programme is tapped before July and 80% afterwards.

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 Frustration, fear and family: lockdowns test investment bankers

Global M&A volumes are down 41% so far this year, a far cry from the champagne-popping records of recent years when bankers at Goldman Sachs, JPMorgan, Morgan Stanley, Citi and Bank of America – the top five dealmakers – were the toast of Wall Street.

Massive government support for companies, particularly in Europe, is keeping many firms afloat and delaying the kind of lucrative takeover deals that have put M&A advisors at the top of the investment banking world, bankers and lawyers said.

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Maharashtra bans guru’s ‘spurious’ coronavirus treatment

Earlier yesterday, Ramdev had launched Coronil and Swasari as Ayurvedic cure for Covid-19, stressing that the medicines had been tested in “a clinical case study and clinical controlled trial”, which found that “69 percent patients recovered in three days and 100 % patients recovered within seven days” of the treatment.

Hours after its launch, India’s federal government asked Patanjali to provide details about Coronil, trials and sample size and asked the company to stop advertising the product until it had been approved.

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