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India fought COVID-19 pandemic much better than other nations: Vardhan
Emphasising how each and every component of the government acted in sync to control the pandemic, Vardhan noted, ”With all the efforts, it was important to teach COVID-appropriate behaviour, for which our PM personally addressed nation eight to nine times.”
”Caller tune was set to inform COVID-appropriate behaviour; the AarogyaSetu app gave warning of nearby affected people; around 160 million people downloaded it.” Vardhan expressed his deep gratitude to the scientific community for their contribution in developing and testing COVID-19 vaccine.
India needs to focus on growth to alleviate poverty: Eco Survey
“Economic growth has a far greater impact on poverty alleviation than inequality… Given India”s stage of development, India must continue to focus on economic growth to lift the poor out of poverty by expanding the overall pie” it said.
NPS assets under management grow 33 % to Rs 4.94 lakh crore till Sep 2020:Eco Survey
According to th Economic Survey- 2020-21,maximum growth under NPS was registered by All-Citzen model/ UoS (52.3 per cent) followed by Atal Pension Yojana (APY) (46.1 per cent), Corporate Sector (34.8 per cent) and State Govt. Sector (30.7 per cent).
India proposes law to ban cryptocurrencies, create official digital currency
The law will “create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India (RBI),” said the agenda, published on the lower house website on Friday.
The legislation, listed for debate in the current parliamentary session, seeks “to prohibit all private cryptocurrencies in India, however, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses,” the agenda said.
IRDAI rejects insurance brokers’ demand for life time licenses
`One of the demands of the brokers was to have their licenses in perpetuity. We can’t accept it. The current system, where each broker has to renew his license in every three years, is perfectly fine. Even,in some countries, the insurance brokers need to renew their licenses in every two years.’’said Subhash Chandra Khuntia, chairman,IRDA whiile addressing the 17th Annual Insurance Insurance Brokers’ Summit organized by Insurance Brokers Association of India (IBAI)
I
Financial operations of FB, Google, Amazon regulated: RBI, Sebi tell HC
The submission by Sebi and Reserve Bank of India have been made in response to a PIL seeking a detailed legal framework for regulating operations of techfin companies such as Facebook, Google and Amazon in India’s financial sector space.
India projects economic growth of 11% for 2021/22
“With the economy’s returning to normalcy brought closer by the initiation of a mega vaccination drive, hopes of a robust recovery in services sector, consumption, and investment have been rekindled,” said the survey.
India’s COVID response saved over 1 lakh lives: Eco Survey
The 40-day lockdown period, it said was used to scale up the necessary medical and para-medical infrastructure for active surveillance, expanded testing, contact tracing, isolation and management of cases, and educating citizens about social distancing and masks.
India needs a healthcare regulator, will facilitate premium reduction:Economic Survey
The mitigation of information asymmetry, that will be ensured by the proposed healthcare regulator,would also help lower insurance premiums, enable the offering of better products and help increase the insurance penetration in the country,said the pre-Budget document tabled in Parliament on Friday.
Accord ”strategic sector” tag to pharma: Par panel
In its report, tabled in Parliament on Friday, on the review of loss-making central public sector enterprises, the Committee on Public Undertakings chaired by Meenakshi Lekhi observed that the indigenous awareness of healthcare facilities is of paramount importance of any nation.
The Committee said it was of the strong opinion that pharma sector plays a very important role to keep the nation healthy and strong, and this has been quite apparent during the current pandemic when the need for strong indigenous pharma companies has been realised with more intensity.