Union IT and Railways Minister Ashwini Vaishnaw “In a global-first...
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Farmers’ agitation to cause Rs 500 cr economic loss daily to northern states: PHDCCI
''A lingering agitation will cause Rs 500 crores economic loss...
India’s small exporters reel as Red Sea crisis helps rivals nab business
Many suppliers sign export deals on a cost, insurance and freight...
Investors line for new banking licenses
Applicants under guidelines for ‘on tap’ Licensing of Universal Banks are:UAE Exchange and Financial Services Limited,The Repatriates Cooperative Finance and Development Bank Limited (REPCO Bank),Chaitanya India Fin Credit Private Limited,Pankaj Vaish and others
PM Modi reviews status of oxygen availability to ensure adequate supply
The Prime Minister was conveyed that states and transporters have been asked to ensure tankers move round the clock with drivers working in shifts to ensure faster turnaround and adequate capacity to meet the surge in demand. Cylinder filling plants will also be permitted 24 hour working with necessary safeguards. The government is allowing industrial cylinders to be used for medical oxygen after due purging. Similarly, nitrogen and argon tankers will be automatically allowed to be converted to oxygen tankers to overcome the potential shortage of tankers, as per the statement.
US, India to launch hydrogen task force under Strategic Energy Partnership
US Deputy Secretary of Energy, David M Turk.said that only through joint efforts and concrete, measurable actions, on hydrogen and other emerging technologies, “we will be able to achieve deep decarbonization and meet critical climate and clean energy goals”.
Govt notifies draft rules for hiking FDI to 74 % in insurance sector
According to the draft rules, in an Indian insurance company having foreign investment exceeding 49 per cent not less than fifty per cent. of the net profit for the financial year have to be retained in general reserve, if the insurer’s solvency margin is less than 1.2 times the control level of solvency for a financial year for which dividend is paid on equity shares.
Not less than fifty per cent. of directors of such insurers will be independent directors, unless the chairperson of its board is an independent director, in which case at least one-third of its board shall comprise of independent directors.
Health ministry issues regulatory pathways for foreign-produced Covid-19 vaccines
The first 100 beneficiaries of such vaccines shall be assessed for seven days for safety outcomes before it is rolled out for further Vaccination programme.
“Applicant shall initiate conduct of post-approval bridging clinical trials within 30 days of such approval,” it said.
217,353 new Covid-19 cases reported,Deaths rise by 1,185
India is battling a massive second wave of the coronavirus pandemic, with new restrictions imposed in Mumbai, New Delhi and other cities. There are also growing calls for officials to speed up the country’s vaccination programme as hospitals are swamped with patients.
Monsoon to be normal this year, says IMD
“The monsoon will be 98 per cent of the Long Period Average (LPA) which is normal rainfall. It is really good news for the country and will help India have a good agriculture output,” M Rajeevan, secretary of the Ministry of Earth Sciences.at a virtual press conference.
PFRDA plans to raise max entry age for NPS to 70 yrs, logs 23 pc growth in subscriber base in FY 2020-21
For those, will be are joining the NPS beyond 60 years of age, will now be allowed to be there until the age of 75 years,
PFRDA is planning to increase the withdrawal limit for which an investor doesn’t have to by any annuities from Rs 2 lakh to 5 lakh
PFRDA has decided to go for on-tap licensing where new players fulfilling the eligibility criteria can apply for licenses any time of the year.
2 more players including Axis bank with partnership of Axis Mutual Fund will start their operations soon,
Indian hospitals battle ‘chaotic’ surge as daily virus infections cross 200,000
“The situation is horrible,” said Avinash Gawande, an official of a government hospital in the industrial city of Nagpur that was battling a flood of patients, as were hospitals in neighbouring Gujarat state and Delhi in the north.
“We are a 900-bed hospital, but there are about 60 patients waiting and we don’t have space for them.”
Coronavirus curbs disrupt supply chains, stoke economy worries
Small businesses are also worried that as workers may return to their villages as cases rise and job prospects worsen.In Meerut, an industrial hub about 100 km from New Delhi, Anurag Agarwal, regional head of the Indian Industries Association, said the prices of raw materials for sports goods and other products had risen as supplies have been delayed.
“Night shifts have been cancelled and unforeseen rise in prices of key raw materials have contributed to our woes,” said Agarwal, who represents about 10,000 business units.