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MCA notifies new accounting standard, Ind AS 117, for insurance industry
The insurance regulator IRDAI can now announce the date of adoption...
Centre cracks down on spam calls, directs access service providers to take action
“All promotional voice calls from the unregistered...
Cannot pay Rs 4 lakh compensation to Covid victims, Centre informs SC
” If ex-gratia of Rs 4 lakh is given for every person, who lost life due to COVID-19, the entire amount of SDRF may possibly be spent on this alone, and indeed the total expenditure may go up further”, said the affidavit.
The MHA contended that unlike floods, earthquake, cyclone, etc, during the ongoing COVID-19 pandemic, thousands of crores of rupees have been spent by Centre and states on prevention, testing, treatment, quarantine, hospitalization, medicines and vaccination, etc and it is still continuing.
Air India has time till mid-July to challenge Cairn Energy’s lawsuit
Air India is controlled by the Indian government so much that they are “alter egos”, Cairn had said in the lawsuit filed with the US District Court for the Southern District of New York. The court should hold the airline company liable for the arbitration award, the company had said.
Assam to gradually implement two-child norm for availing benefits under some schemes: CM
“In case of some schemes, say if a housing scheme is launched by the state government, the two-child norm can be introduced. Slowly in later stages, the population norm will come in every state government scheme,” said Chief Minister Himanta Biswa Sarma ”
Assam currently has a two-child norm along with requirements of minimum educational qualifications and functional sanitary toilets for contesting in panchayat polls as per an amendment in 2018 to the Assam Panchayat Act,1994.
Labour ministry mulls extending ABRY deadline till March 2022 to boost fresh hiring
Under the scheme, the central government pays both 12 per cent employees’ contribution and 12 per cent employers’ contribution i.e. 24 per cent of wages towards social security schemes run by the retirement fund body Employees’ Provident Fund Organisation (EPFO).
An employee drawing a monthly wage of less than Rs 15,000 who was not working in any establishment registered with the Employees’ Provident Fund Organisation (EPFO) before 1st October, 2020 and did not have a Universal Account Number or EPF Member account number prior to 1st October 2020 is eligible for the benefit.
Automakers initiate production ramp-up with easing of Covid restrictions
“With the easing of the lockdown in various states, production is gradually ramping up and likely to stabilise to normal levels by the end of the month,” Tata Motors Passenger Vehicle Business Unit President Shailesh Chandra told PTI.
Cabinet note issued for 100% FDI in oil PSUs marked for disinvestment
According to the proposal, foreign investment up to 100 per cent under the automatic route would be allowed in cases where an ‘in-principle’ approval for disinvestment of a PSU has been granted by the government.
Assam rocked by 4.2-magnitude quake, fifth tremor to hit region in 24 hours
The northeastern region sits over a high seismic zone, making it prone to earthquakes.
No loss of life or property has been reported in any of the temblors.
Go for “carefully calibrated” reopening, Centre tells states & UTs
“With a decline in the number of active cases, many states and UTs have started relaxing restrictions. I would like to highlight that the decision to impose or ease restrictions has to be taken, based on the assessment of the situation at the ground level,” he said.
Third wave in 6-8 weeks if Covid-appropriate behaviour not followed: AIIMS chief
There needs to be aggressive surveillance strategy in Covid hotspots and lockdowns in case of any significant surge. The moment a significant surge in cases in noted in a particular area and the positivity rate goes beyond 5 per cent, area-specific lockdown and containment measures should be implemented,AIIMS Director Randeep Guleria said.
People in flood prone villages in K’taka will be moved to other places:CM
According to the release, 1,710 villages have been identified as flood prone and gram panchayat level disaster management action plan has been developed and training imparted regarding its implementation.
“We have given instructions to district authorities to take precautionary measures in view of possible floods.We have to ensure that no further damage happens in coming days and people in villages prone to floods are shifted to nearby high altitude places,” Yediyurappa told reporters after a meeting with officials of 20 districts, Karnataka Disaster Management Authority and Water Resource Department.