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FM refutes report on possible tweaking of tax laws
Nirmala Sitharaman, union finance minister Finance Minister Nirmala...
Oral cancer costs India $5.6 Billion in lost productivity in 2022: Tata Memorial Centre
India contributes two-thirds of the global mortality due to oral...
IMF says India will reclaim status of world’s fastest-growing economy, projects 11.5 pc growth
In its latest World Economic Outlook update released on Tuesday, the IMF predicted that India’s gross domestic product (GDP) will grow at the pace of 11.5 per cent in 2021. IMF projections show that India’s economy will grow much better than China which is predicted to grow at 8.1 per cent, followed by Spain (5.9 per cent), France (5.5 per cent) and United States (5.1 per cent).
IRDAI extends CKYCR to legal entities
As the Central KYC Registry (CKYCR) is now fully operational for individual customers, it has been decided to extend the CKYCR to Legal Entities (LEs), regulator IRDAI said in a circular to life and general insurers (including standalone health insurers).
Indian startups attract $10.14 billion in funding in 2020: Report
In terms of sectors, e-commerce attracted the highest investment with $3 billion, followed by fintech at $2.37 billion and edtech at $1.52 billion.
The report said Bengaluru, Delhi NCR and Mumbai accounted for 90 per cent of the startup investments in the country, signalling concentration of angel investors and appetite in these regions.
Bengaluru led with $4.3 billion in startup investments, followed by Delhi NCR ($3 billion) and Mumbai ($2 billion).Globally, startups raised over $308 billion in funding, with the US garnering $165 billion.
IT minister to launch ‘Work from Anywhere’ portal, Tejas Virtual Intelligence tool at NICSI event
Prasad would also launch the ‘Work from Anywhere’ portal, a virtual environment that enables employees to ”access routine applications like e-office, calendar, mail, and other departmental applications and communicate across through VC ensuring safety during this pandemic with social distancing and work assurance from anywhere”.
Fresh Covid-19 rules: Swimming pools for all, more can watch films in halls
According to these new guidelines, to be effective for February 1, there shall be no restriction on inter-state and intra-state movement of people and goods including those for cross land-border trade under treaties with neighbouring countries.
Social, religious, sports, entertainment, educational, cultural, religious gatherings have already been permitted up to a maximum of 50 per cent of the hall capacity, with a ceiling of 200 people in closed spaces; and keeping of the size of the ground or space in view, in open spaces.
India’s unusual Covid vaccine problem: Plenty of shots, but few takers
“Vaccine hesitancy among health workers should end — I am pleading on behalf of the government, that please adopt it, because no one knows how this pandemic will take shape in the future,” said V. K. Paul, a member of the planning body Niti Aayog, noting that he’s taken the Covaxin shot without any adverse effects.
Sitharaman likely to announce sale of IDBI bank, stake in LIC
The government had announced plans to sell its stake in LIC last year. That got delayed by legal and administrative hurdles, the official said.
Over 1.95 mn people vaccinated against Covid-19 in India: Health ministry
A total of 348adverse events following immunisation (AEFIs) were reported till 7.10 pm on the 10th day of the vaccination drive.
“The countrywide COVID-19 vaccination programme was conducted successfully on the 10th day in the states and Union territories,” the ministry said.
India records 9,102 fresh COVID-19 cases, 117 fatalities in a day
According to the health ministry, 1,03,45,985 people have recuperated from the disease so far pushing the national COVID-19 recovery rate to 96.90 per cent. The case fatality rate stood at 1.44 per cent.
There are 1,77,266 active cases of coronavirus infections in the country which comprises 1.66 per cent of the total cases reported so far. It was for the seventh consecutive day that the active caseload remaind below 2 lakh.
RBI says it is open to exploring possibility of digital version of fiat currency
“In India, the regulators and governments have been sceptical about these currencies and are apprehensive about the associated risks.”Nevertheless, the RBI is exploring the possibility as to whether there is a need for a digital version of fiat currency and in case there is, then how to operationalise it,” the RBI said in its booklet on ‘Payment Systems in India — Journey in the Second Decade of the Millennium’.