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Medi Assist IPO subscribed 54 pc on Day 1 of offer
The category for Retail Individual Investors (RIIs) got subscribed...
Indian exporters face rising costs after Houthi Red Sea attacks
Exporters said 95% of vessels had rerouted around the Cape of Good...
PFRDA set to revise fee structure for pension fund managers from Apr
Bandyopadhyay said as as now the fund managers are charging only one basis point for every Rs 100 that they manage.
According to these slabs, for AUMs up to Rs 10,000 crore, the maximum investment management fee will be 0.09 per cent. From Rs 10,001-Rs 50,000 crore, the fee has been capped at 0.06 per cent; Rs 50,001-1,50,000 crore at 0.05 per cent and for AUMs crossing Rs 1,50,000 crore, the management fee will be 0.04 per cent.
Authentication platform Prove acquires MEDICI Global
MEDICI Founder and CEO, Aditya Khurjekar said “We built our platform to enable at-scale innovation in fintech with domain depth and ecosystem-wide engagement. The MEDICI team is looking forward to bringing our passion for this space to Prove in the next phase of the company’s growth journey.”
India reports 47,262 new COVID-19 cases, 275 deaths in last 24 hours
With 2,31,942 active coronavirus cases, Maharashtra continues to remain the most affected state. 22,47,495 recovered from the disease while 53,589 people died in the state
A new ‘double mutant ‘Coronavirus Variants “Of Concern” found In 18 states: Centre
These have been categorized as variants of concern(VOCs) but require the same epidemiological and public health response of “increased testing, comprehensive tracking of close contacts, prompt isolation of positive cases & contacts as well as treatment as per National Treatment Protocol” by the States/UTs,” the ministry said.
Rs 7 lakh cr being spent on green highways; Rs 60K cr projects in Delhi to curb pollution: Gadkari
The Prime Minister has set a target of Rs 111 lakh crore under the National Infrastructure Pipeline and it would be the government’s effort to adopt a green approach and ”development without destruction,” the minister said.
88 pc of all COVID-19 deaths in India in age group of 45 years and above: Govt
”About 88 per cent of all COVID-19 deaths in the country are taking place in the age group of 45 years and above, making them the most vulnerable group that needs to be protected,” he said, adding that this is the reason behind allowing their vaccination from April 1.
One year of lockdown: Domestic aviation sector on recovery path, hiccups due to pandemic remain
Indian airlines are currently operating around 70-75 per cent of their pre-COVID domestic flights. India allows domestic carriers to operate maximum 80 per cent of their pre-COVID domestic flights currently. This cap is unlikely to go soon as a new wave of the virus is spreading in certain states.
”Last few days have seen a decline in the number of air passengers largely due to restrictions & imposition of compulsory RT-PCR test by various states. Due to this, we have decided to retain the permissible limit to 80 per cent of schedule,” Civil Aviation Minister Puri said a few days back on Twitter.
One year since lockdown: India still recovering from unemployment blow
The data showed that the unemployment rate had peaked to 23.5 per cent in April and remained at 21.7 per cent in May. It started tapering off from June onward when it was recorded at 10.2 per cent in the month and further improved to 7.4 per cent in July.
However, the unemployment rate again rose slightly to 8.3 in August and improved to 6.7 per cent in September last year, as per CMIE data.
India antitrust watchdog orders probe into WhatsApp’s new privacy policy
The Competition Commission of India (CCI) said WhatsApp had violated competition laws “through its exploitative and exclusionary conduct … in the garb of policy update.”
Parliament approves Budget 2021, paves the way for LIC listing
Parliament cleared changes to the finance Bill 2021, doubling the minimum limit of employee contribution to provident fund to over Rs 5 lakh for the purpose of taxation with some riders, paving the way for the listing of Life Insurance Corporation (LIC), exempting Indian-owned assets sold on digital platforms from equalization levy, and giving tax holidays for the proposed development finance institutions (DFIs).