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A court has already frozen Adani’s unsolicited bid to expand Jomo...
Karnataka court orders FIR against FM Sitharaman in electoral bonds case
Nirmala Sitharaman,Union Finance Minister According to police, an...
Miscalculations may have ended ONGC vessels in cyclone whirlwind: Report
A drillship of Oil and Natural Gas Corporation (ONGC) and three barges of private contractor Afcons working on the state-owned firm’s oilfield went adrift after their anchors gave away in the storm on Monday night.
A massive day-night operation by the Indian Navy, Coast Guards and ONGC vessels helped save those on the drillship and two barges, but only 186 out of 261 onboard accommodation barge Pappa 305 could be rescued. 37 persons are confirmed dead so far, while the remaining 38 are still missing.
COVID-19: HC directs hospitals to update beds data on portal or face action for willful defiance
“However, we make it clear that if we find any willful or deliberate defiance of our orders, we will not shy away from taking precipitate actions to ensure compliance of orders,” the bench, which heard the matter for over five hours, said.
ITR filing deadline: Government extends FY21 filing for individuals till September 30
In a circular, the CBDT said an extension of time limits is being given for certain tax compliances “to provide relief to taxpayers in view of the severe pandemic”.Also, the deadline for issuing Form 16 by employers to employees has been extended by a month till July 15, 2021, the CBDT said.
Govt notifies new regulations for increasing FDI in insurance sector to 74 %
Nnot 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.
In an Indian insurance company having foreign investment a majority of its directors, a majority of its Key Management Persons, and at least one among the chairperson of its board, its managing director and its chief executive officer, has to be resident Indian citizens, said the draft rules.
At Rs 5.18 tln in FY21, pvt sector investments lowest since FY05: Report
What is more worrying is that the gross fixed capital formation rate has been plunging continuously from 34.3 per cent in FY12 to 28.8 per cent in FY20 and is expected to go down further to 26.7 per cent in FY21, he warns. Again, among all the new investment projects announced until FY17, government-run companies dominated with a share of 58 per cent but even this has been coming down since then it plunged to 32 per cent in FY21 from 49 per cent in FY20, shows the report
Cyclone Tauktae causes economic losses of over $ 2 billion, agriculture hit most: RMSI
Pushpendra Johari, senior vice president, sustainability, RMSI said“Cyclone Tauktaeis an unique event that has impacted all coastal western states and union territories of India . Though the cyclone effect on Kerala, Karnataka and Maharashtra and Goa was not severe, Gujarat and Diu are badly impacted.”
“Though the cyclone has made a landfall , this is not the end of our distress. Recent climate change studies have highlighted rising sea surface temperature in the Arbian sea. This will increase the cyclone frequency in these region. We should improve our preparedness even further to deal with more such events in future.”
Low-pressure area on Bay of Bengal likely to develop into cyclone: Met dept
Meanwhile, Chief Minister Mamata Banerjee on Thursday held a high-level meeting with officials of the disaster management authority, district magistrates and police superintendents to review the preparations in place in the event of a cyclone.
India reports 259,551 new coronavirus infections,deaths rise by 4,209
Health Ministry Joint Secretary Lav Agarwal on Thursday, said a continuous decline in the Covid-19 active cases has been noted in the last 15 days.
“From being 17.13 per cent reported on May 3, the active cases now comprise 12.1 per cent of the country’s total infections. A positive trend in recovery has also been noted. The recovery rate which was 81.7 per cent on May 3 has increased to 86.7 now,” said Health Ministry Joint Secretary Lav Agarwal..
Agarwa
West Bengal, Odisha prepare for possible cyclone storm hitting east coast
”There is no confirmed information that the cyclone will make landfall on the Odisha coast. We have received some preliminary reports from IMD which predicted a possible cyclonic storm in Odisha-West Bengal coast on May 26,” Jena told reporters after the meeting.
Govt appoints inquiry committee to probe drifting of vessels due to cyclone
“The committee will inquire into the sequence of events leading to the stranding and drifting of these vessels, and subsequent events thereof and will also make recommendations to prevent recurrence of such incidents in future. The HLC will submit its report in one month,” it further said.