Finance Minister Nirmala Sitharaman The pre-Budget consultation...
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Under the revised framework, Sebi said, the stock brokers can...
PB Fintech floats a healthcare subsidiary for aligning interests between insurers and hospitals
PB Fintech had clarified that it's planned foray into healthcare...
Rainfall seven percent below normal in July: IMD
July recorded extremely heavy rainfall over coastal and central Maharashtra, Goa, Karnataka. Several towns and cities in Maharashtra were deluged to very heavy rainfall which resulted in catastrophic events like landslides claiming scores of lives and damaging property.
Maha: Thane Lok Adalat settles 218 cases amounting to Rs 12.40 cr
The Lok Adalat was held on Sunday and in one case, there was a settlement worth Rs 95 lakh between a private insurance company and the family of a man who died in a road accident in 2013, Principal District and Sessions Judge Anil Pansare told reporters. In 174 cases, the settlement was done online in the wake of the COVID-19 pandemic, he said.
Forecasters who predicted India’s coronavirus peak see new wave coming
The country may see a worsening of its outbreak as soon as this month, with the next wave peaking in the best-case scenario with less than 100,000 infections a day, or nearly 150,000 in the worst scenario, according to estimates by researchers led by Mathukumalli Vidyasagar and Manindra Agrawal at Indian Institute of Technology in Hyderabad and Kanpur respectively.
States with high Covid rates, such as Kerala and Maharashtra, could “skew the picture,” Vidyasagar told Bloomberg in an email.
479 infrastructure projects show cost overruns worth Rs 4.4 trillion
Out of 541 delayed projects, 109 projects have overall delay in the range of 1-12 months, 119 (13-24 months), 192 (25-26 months) and 121 projects (61 months and above).
The average time overrun in these 541 delayed projects is 45.76 months.
Reasons for time overruns as reported by various project implementing agencies include delay in land acquisition, delay in obtaining forest and environment clearances, and lack of infrastructure support and linkages.
Tata Motors looking at measures to offset impact of semiconductor shortage
“Yes, we are definitely impacted because of uncertainty of supplies but so far we have been able to manage somehow,” Tata Motors President Passenger Vehicles Business Unit (PVBU) Shailesh Chandra told PTI when asked if the company was facing issues in its production activities due to semiconductor shortage.
“We are looking for alternate semiconductors and at times procuring directly from stockists. We are also trying to see if a more standard chip can be used in certain components where we are facing stress. Besides, we are looking at trim mix so that we don’t lose on the sales,” he added.
GST collection of over Rs 1 lakh cr for July indicates economy recovering at fast pace, says Sitharaman
“With the easing out of Covid restrictions, GST collection for July 2021 has again crossed Rs 1 lakh crore, which clearly indicates that the economy is recovering at a fast pace. The robust GST revenues are likely to continue in the coming months too,” the Finance Ministry said.
RBI’s new rules on interchange fee, 24/7 bulk clearing facility functional
National Automated Clearing House (NACH) has been made available on all days of the week, effective August 1, 2021.
NACH, a bulk payment system operated by the National Payments Corporation of India (NPCI) facilitates one-to-many credit transfers such as payment of dividend, interest, salary and pension.
It also facilitates collection of payments pertaining to electricity, gas, telephone, water, periodic instalments towards loans, investments in mutual funds and insurance premium.
Simplified patent, copyright registration helping India become an innovation hub: Piyush Goyal
The number of patents granted has gone up from 6,326 in 2015-16 to 28,391 in 2020-21, while Trade Marks registration has shot up from 65,045 in 2015-16 to 2,55,993 in 2020-21. Similarly, while 4,505 Copyrights were granted in 2015-16, a total of 16,402 were granted last fiscal, said the ministry.
Industry Minister Piyush Goyal reiterated the Government’s commitment to bolster the ecosystem of patents, design, trademarks, GI (Geographical Indication) systems; to encourage innovation, research and development in the country and bring newer inventions and knowledge from India’s heritage systems to a global platform.
Equity investors richer by Rs 31 trn this fiscal as bull run continues
V K Vijayakumar, chief investment strategist at Geojit Financial Services said, “First, it is important to appreciate the fact that this is a global bull market. Except a few markets like Egypt and Iran, all other markets are experiencing a bull run.
“The major factors powering this rally are: huge liquidity that has been created by the leading central banks of the world, particularly the US Fed, the historically low interest rates and unprecedented retail investor participation. Of this, the huge global liquidity factor is very important.”
Centre advises strict curbs as 46 districts see over 10% Covid positivity
Noting that more than 80 per cent of active cases in these states are reported to be in home isolation, it said there is a need to effectively and strictly monitor these cases so that they do not meet other people and spread the infection.