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India’s toxic smog cuts off visibility in several areas
The minimum temperature in Delhi fell to 16.1 degrees Celsius...
Galaxy Health launches its first products with sum insured options from Rs 3 lakhs to Rs 1 crore
(Lto R) S Guruprakash, chief marketing officer, G Srinivasan, MD...
Over 7 lakh deaths in India per year linked to abnormal temperatures: Lancet study
The study published on Wednesday found that deaths related to hot temperatures increased in all regions from 2000 to 2019, indicating that global warming due to climate change will make this mortality figure worse in the future.In India, the number of deaths per year linked with abnormal cold temperatures is 655,400, while as the number of deaths associated with high temperatures is 83,700, according to the researchers.
Don’t want Tom, Dick and Harry to collect money: HC on crowdfunding for treatment of rare diseases
The high court said it was concerned that every ”Tom, Dick, and Harry” was collecting funds via crowdfunding for treatment of the children suffering from rare diseases and asked the state government whether it has any control over such transactions.
Justice P B Suresh Kumar said the court does not want to interdict the crowdfunding process, but it wants the funds to go to the government instead into the account of some private individuals who may or may not give it to those who require the money.
Vijayan requests PM to waive tax on imported life-saving drug for child
Noting that the medicine for SMA is ‘prohibitively expensive’ and ‘unaffordable’ for the child’s family, Vijayan said it costs a whopping Rs 18 crore and is proposed to be imported from the US.
The CM, in the letter, also pointed out that the central government had recently waived tax in a similar case of a five month old child, who is suffering from SMA in Mumbai.
Indian economy lacks fresh investment as banks find lending risky
While banks are dithering on loans on the one hand, companies are pushing back investment plans amid lack of demand on the other.
Corporate willingness for new investments is low, according to the Centre for Monitoring Indian Economy Pvt., with capital expenditure declining. While companies have posted bumper profits mostly on the back of widespread cost cutting, most have used the extra funds generated to pay down bank loans.
Discussions still going on over indemnity to Moderna, says report
Moderna’s ready-to-use injectible COVID-19 vaccine is authorised pursuant to a registration certificate and permission to import the vaccine for restricted use in an emergency situation in India, to be administered to adults aged 18 years and older.
LIC to have Chief Executive Officer, Managing Director; govt does away with Chairman post
The changes have been made by the Department of Financial Services under the finance ministry by amending Life Insurance Corporation of India (Employees) Pension (Amendment) Rules. Besides, some other rules under LIC Act, 1956, have been amended.
Covid-19: Cabinet approves Rs 23,123 crore Emergency Response and Health Systems Preparedness Package
“India COVID-19 Emergency Response and Health Systems Preparedness Project: Phase-II” would be implemented at a total cost of Rs 23,123 Crore, from 01″ July 2021 to 31″ March 2022 with central and state share Rs.15,000 crore and Rs.8,123 crore respectively.
With the focus on immediate needs for the next nine months of FY 21-22, to provide support to Central government hospitals / agencies and to State/UT Governments to augment their existing response to the second wave and the evolving pandemic, including at district and sub district levels in peripheral facilities.
Cairn wins freeze on India state assets in Paris in bid to recover tax damages
“There have been news reports that Cairn Energy has seized/ frozen State owned property of Government of India in Paris. However, Govt. of India has not received any notice , order or communication , in this regard, from any French Court.Government has already filed an application on March 22, 2021 to set aside the December 2020 international arbitral award in The Hague Court of Appeal. Government of India will vigorously defend its case in set aside proceedings at The Hague,” said a statement by the Government of India..
A French tribunal ordered the freeze on some 20 centrally located properties belonging to the Indian government as part of a guarantee of the amount owed to Cairn, the London-listed firm said.
Cairn said it has also registered similar claims against India in courts in the United States, Britain, the Netherlands, Singapore and Quebec.
India invites UK companies to invest in insurance sector
The Dialogue saw government-to-government discussions to strengthen cooperation on four key themes: Gujarat International Finance Tec (GIFT) City; banking and payments; insurance, and; capital markets. It was led by senior officials from the UK Treasury and the Indian Ministry of Finance, with participation from independent British and Indian regulatory agencies, BHC said.
Yamuna pollution: Rs 12 cr fine imposed on 12 CETPs for not meeting wastewater standards
Untreated wastewater and poor quality of effluent discharged from CETPs and sewage treatment plants is the major reason behind pollution in the river in Delhi, according to experts. These 12 CETPs are in industrial areas in Jhilmil, Badli, Mayapuri, Mangolpuri, Nangloi, Okhla, Narela, Bawana, Naraina, GTK Road, Keshav Puram. These CETPs do not comply with the requisite standards with respect to biological oxygen (30 mg/litre), total dissolved solid (2,100 mg/l), sulphate (1,000 mg/l), Sulphide (2 mg/l) etc.