Analysts asserted that a strong US dollar, uncertainty in Lok Sabha...
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Go Digit to open its IPO on May 15,price band in range of Rs 258-272, to raise Rs 2,615 crore
The insurer will raise Rs 2,615 crore via its IPO which includes a...
Rajasthan to digitalize healthcare with new online health management system
Under the health management system, electronic health records, DIGI...
PF taxation: Rs 62,500 cr accumulated in EPF accounts of 1.23 lakh HNIs for FY19
The Budget 2021-22 has removed the tax exemption status to interest accrued on investments in employees provident fund (EPF) exceeding Rs 2.50 lakh per annum.
The sources in the revenue department said there are a total 4.5 crore contributors in the Employees’ Provident Fund Organisation (EPFO) account. Out of these, more than 1.23 lakh accounts are of the HNIs who contribute monthly huge sums to their EPF accounts.
21.5% of population showed evidence of past exposure to COVID in latest national serosurvey: Govt
Urban slums (31.7 per cent) and urban non-slums (26.2 per cent) had a higher SARS-CoV-2 prevalence than that in rural areas (19.1 per cent), Bhargava said, adding that 23.4 per cent of individuals above 60 years of age had suffered from COVID-19.
Airfare bands not permanent; will be done away with once normal flight operations resume: Civil Aviation Sec
While flights are operating at 80 per cent capacity of the pre-COVID-19 period, he said the utilisation has only been 60-65 per cent.
With 12,899 new COVID-19 cases, India’s tally reaches 1,07,90,183
According to the Union Ministry, the total number of active COVID-19 cases stands at 1,55,025. As many as 44,49,552 people have been administered the COVID-19 vaccine so far, as per the Health Ministry.
Indian carries’ fleet strength rise from 669 in March 2020 to 713 in November 2020:Puri
”Brazil has around 1,250, Australia has around 2,000, the US has more than 14,000. There is a growing requirement of helicopters for civil use in tourism, mining, corporate travel, air ambulance, homeland security, air charter, etc,” he added.
He said that while big established airlines across the world are in red, the fleet strength of Indian carries has increased from 669 in March 2020 to 713 in November 2020.”This fignure will go beyond 2,000 in the next few years,” he mentioned.
Maharashtra: Uddhav Thackeray launches scheme for startups to help file IT patents
“Our goal is to make the state number one in various skill development schemes and startups. A number of schemes have been undertaken for this purpose and new schemes will be added in the future as well. It has been proposed to set up an international standard Center for Skill Development in Mumbai and courses in ITIs are being updated in a timely manner,” Malik said.
Passenger traffic at airports in tier 2, 3 cities higher than pre-COVID levels: IATA
‘In domestic, we have seen a strong expansion in new destinations and the deployment of new flights. Unused and under utilised airports in India are starting to see additional passenger activity,” Amitabh Khosla, country director of International Air Transport Association (IATA) said during a seminar at Aero India 2021.
I
Govt sticks to $5 trn economy target; emphasis on infra aimed at achieving goal:DEA Secy
The Budget presented by Finance Minister Nirmala Sitharaman on Monday has given a big push to infrastructure spending, monetisation of assets, ramping up of capacities in healthcare sector and agriculture sector, among others. These initiatives are aimed at reviving the economy ravaged by the COVID-19 pandemic.
“We have not revised the target. We are pushing for it. The various initiatives of the government including emphasis on infrastructure are targeting towards achieving that goal,” Bajaj told PTI in an interview.
International rating agencies give thumbs up to proposal of raising FDI limit to 74 % in insurance sector
Prospectively, given the historical trends and the opportunity to hold greater ownership in the insurance companies, AM Best is of the opinion that the Indian insurance industry is likely to attract significant overseas capital inflow.
The possibility of higher foreign ownership would improve insurers’ financial flexibility by offering additional opportunities to bolster solvency. In addition, insurers would benefit from the sharing of risk management best practices, possibly leading to a lowering of exposure to high-risk assets and adoption of risk-based capital management, explained Mohammed Ali Riyazuddin Londe, vice President – senior analyst, Financial Institutions, Moody’s Investors Service.
Govt blocked 296 mobile apps since 2014, says Union minister Sanjay Dhotre
He said several reports had been received about some of these apps being misused for ”… for stealing and transmitting user data such as financial data, permission for accessing of all possible data available in device, etc and real-time activity surreptitiously to servers located outside India”.