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India ‘challenging place’ to do business, must ease hurdles: US State Dept

New protectionist measures, including increased tariffs, procurement rules that limit competitive choices, sanitary and phytosanitary measures not based on science, and Indian-specific standards not aligned with international standards, effectively closed off producers from global supply chains and restricted the expansion in bilateral trade, the report said.

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Nine new Insurance Ombudsmen selected 

Vipin Anand,managing director, Life Insurance Corporation, who will retiring this month end , has been chosen for  Bengaluru, Girish Radhakrishnan, who retired as CMD of United India Insurance, has been selected for Kochi.
The other selected candidates are S.Sampathkumar for Chennai, N Sankaran for Hyderabad,B S Pandya for  Mumbai, Atul Jerath for Chandigarh, RM Singh for Bhopal, Rajiv D Sharma for Jaipur, Somnath Ghosh for Guwahati.

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3523 Air India employees affected by Covid of which 56 died: Centre to LS

“On the death of a permanent/fixed-term contractual employee due to COVID-19, their families are paid compensation of Rs 10,00,000 and Rs. 5,00,000 respectively. Families of casual/contract workers are paid compensation of Rs 90,000 per two months’ salary,” the minister said. It further informed that COVID centres have been opened by the company in various locations to take care of the affected employees/ families.

“Reimbursement of vaccination charges are being provided to employees and their families if paid by them,” it added

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No likely impact of Cairn and Devas lawsuits on its Air India’s disinvestment process: Govt

Cairn Energy and Devas Multimedia, respectively, are seeking USD 1.725 billion and USD 1.2 billion — which they won in international arbitrations — from India.

”Cairn Energy and Devas Multimedia have filed lawsuits in the United States District Court for Southern District of New York seeking declaratory and money judgement against Air India Limited as an alter ego of the Republic of India,” Singh said in a written reply to a question in Lok Sabha.

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645 children lost their parents to Covid from Apr-May 28 during second wave: WCD

”The scheme, the prime minister has announced, provides support for education and health and will create a corpus of Rs 10 lakh for each child when he or she reaches 18 years of age. This corpus will be used to give a monthly financial support/ stipend form 18 years of age, for the next five years to take care of his or her personal requirements during the period of higher education and on reaching the age of 23 years, he or she will get the corpus amount as one lump-sum for personal and professional use,” Irani said.

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