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DICGC made interim payments of Rs 5,359 crore to 3.77 lakh depositors as of March 31: RBI Dy Governor
Michael Debabrata Patra,Deputy Governor,RBI Currently, the deposit...
Axis Bank-Max Life deal: Delhi HC rejects Subramanian Swamy’s PIL
On Monday, the high court bench led by Acting Chief Justice...
No intention to delay fixing minimum wages: Labour Min
Earlier this month, the ministry announced that the Centre has constituted an expert group under the chairmanship of renowned economist Ajit Mishra to provide technical inputs and recommendations on fixing these wages. The tenure of the expert group is three years.
Govt working on real-time translation tool to bridge language barrier among people
This ambitious language translation project, with a timeline of 5-7 years, is being developed using artificial intelligence and modern technologies to end the language barrier in the country.
”We have started working on a very ambitious national language translation mission. See the magic of new technology. For centuries we have lived with the reality that a person who knows only Bengali cannot communicate with a person who knows only Malayalam. This will change,” MeitY Secretary Ajay Prakash Sawhney said while speaking at a NIXI event.
CCI clears proposed deal to acquire stake in Magma HDI General Insurance by 2 entities
Acting through SPV, the combination-India Advantage Fund S4 I & Dynamic India Fund S4 US I, and NHPEA Trisul Holding B.V.- contemplates an acquisition of an effective combined interest of less than 25 per cent, on a fully diluted basis, of the share capital of Magma HDI .
Besides, NTH would buy an effective combined interest of less than 10 per cent, on a fully diluted basis, of the company’s share capital, as per a notice filed with CCI.
India records 60,753 new COVID-19 cases,1,647 deaths in last 24 hrs
With the new cases, the country’s tally has climbed to 2,98,23,546 including 7,60,019 active cases. As many as 3,85,137 people have succumbed to the COVID infection so far, while the cumulative recoveries reached 2,86,78,390.
Working towards preparing 1 lakh frontline Corona Warriors to support healthcare system: PM Modi
Under the special training program of frontline workers, candidates will get free training, a Skill India certificate, food and accommodation facility, stipend along with on-the-job training and accident insurance of Rs 2 lakh for certified candidates.
The programme has been designed as a special programme under the Central Component of Pradhan Mantri Kaushal Vikas Yojana 3.0, with total financial outlay of Rs. 276 crore, the PMO said. The programme will create skilled non-medical healthcare workers to fill the present and future needs of manpower in the health sector.
Govt explores crowd funding for treatment of rare diseases
Union Health Minister Harsh Vardhan appealed to the corporate associations and PSUs to contribute generously to the cause of treatment of patients with rare diseases under CSR initiatives.
Rare disease committees have been constituted, nodal officers appointed and Rare Disease Fund Accounts have also been created at notified eight Centres of Excellence (COEs). Nidan Kendras in UMMID programme have been opened for genetic screening, he said.
Globally, eight percent of the population suffers from rare diseases. Seventy five percent of the survivors are children which makes parents run from pillar to post for their treatment, exhausting their resources and emotionally draining themselves in the process,” the minister was quoted as saying in the statement.
COVID deals new blow to foreign carmakers’ Indian dream
With their Indian factories running well below capacity and sales far behind original hopes, firms like Ford, Honda, Nissan, Skoda and Volkswagen face difficult decisions about future investments.
“It is a survival issue,” said one senior executive with a Western automaker who declined to be named.
Covid-19 Pandemic:Gloom gathers over India’s rural economy
Satara: Having watched his father’s funeral pyre burn by a river bank close to their farm last month, Indian sugarcane grower Dattatray Bagal and his brothers had to set aside grief to count the financial cost of the coronavirus’s impact on their...
Experts urge India’s richest state to gear up for third wave of COVID-19
“We should have a clear plan, and keep our preparations ready for the next few weeks, whenever the next wave comes,” Rahul Pandit, a member of the state’s COVID task force and a director of Fortis Hospitals Mumbai, told Reuters.
“Our efforts should be directed in delaying the wave as much as we can, and even try to prevent it.”
RBI allows Centrum to take over PMC, re-launch it as SFB in JV with BharatPe
Centrum hopes to complete the licence terms and conditions within the next 120 days, and seek the RBI’s final approval to launch the small finance bank and take over PMC, Centrum Group Executive Chairman Jaspal Bindra said.The group said it will launch the proposed small finance bank (SFB) as an equal joint venture with digital payments start-up BharatPe.
When launched, it will be the first SFB to come up in nearly six years, after the central bank gave licences to 10-odd players in August 2015 and put such bank licensing under the on-tap mode.