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Indian News

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,

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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.

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Govt approves 15 % wage hike for 1 lakh LIC employees, effective from Aug 1,2017

The new wage hike that has 100 per cent neutralisation of dearness allowances will be notified by the government on Thursday.
After the hike, an entry level officer of LIC- Assistant Administartive officer-   will draw a basic salary of Rs  53,600 while a development officer will get Rs 35,650.

The senior most officer in LIC- zonal manager- will receive a salary of Rs 1,63.755. 

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India’s new coronavirus cases hit record; Mumbai prepares for lockdown

In the western state of Gujurat, a Reuters witness saw a long queue of ambulances waiting outside Ahmedabad Civil Hospital on Wednesday, with some patients being treated there while they waited.A hospital source, who declined to be named as he is not authorised to speak publicly, said a lot of private hospitals were short of oxygen and were sending their patients to the public hospital.

Chhattisgarh state – one of several hinterland regions struggling with a surge in cases – set up a temporary 370-bed hospital in an indoor stadium.

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Global warming making Indian monsoon seasons stronger, more chaotic: Study

”We have found robust evidence for an exponential dependence: For every degree Celsius of warming, monsoon rainfalls will likely increase by about 5 percent,” said study lead author Anja Katzenberger from the Potsdam Institute for Climate Impact Research (PIK) in Germany.

”Hereby we were also able to confirm previous studies but find that global warming is increasing monsoon rainfall in India even more than previously thought. It is dominating monsoon dynamics in the 21st century,” Katzenberger said.

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Malware attacks on mobile devices in India jumped in Oct 2020-Mar 2021 period: Report

”Cyber criminals are continuing to evolve and adapt their techniques to exploit our growing reliance on mobiles. Enterprises need to adopt mobile security solutions which seamlessly protect devices from today’s advanced cyber threats, and users should be careful to use only apps from official app stores to minimise their risk,” Neatsun Ziv, VP Threat Prevention at Check Point Software, said.

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