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Indian News

Andhra CM credits YSR Rythu Bharosa, Nivar cyclone compensation into farmers’ bank accounts

Under ‘Rytu Bharosa – PM Kisan’ scheme, the Andhra Pradesh Chief Minister has released Rs 1,120 crores as third instalment to 51.59 lakh farmers. The first instalment was released on May 15, 2020 ahead of Khariff season under which Rs 3,713 crores were credited to 49.45 lakh farmer families, while the second instalment of Rs 2,095 crores was released on October 27, 2020 for 50.47 lakh farmer families.

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ICICI Lombard launches online business platform for SMEs

Sanjeev Mantri, executive director at ICICI Lombard General said, “The SME segment is relatively more vulnerable to multiple risks and has been significantly impacted by the pandemic. With this one of its kind online platform for business insurance, we are empowering SMEs to avail our business insurance solutions conveniently at any time and from anywhere in a contactless manner.”

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Suspension of scheduled international passenger flights extended till Jan 31

Scheduled international passenger services have been suspended in India since March 23 due to the coronavirus pandemic. But special international flights have been operating under the Vande Bharat Mission since May and under bilateral “air bubble” arrangements with selected countries since July.
India has formed air bubble pacts with 24 countries including the US, the UK, the UAE, Kenya, Bhutan and France. Under an air bubble pact between two countries, special international flights can be operated by their airlines between their territories.

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Delhi airport ‘completely ready’ to handle vaccine distribution challenge

India is relying largely on two domestically made vaccines from Bharat Biotech International Ltd. and the Serum Institute of India Ltd., which has partnered with AstraZeneca Plc to produce at least one billion doses. Ultra-cold storage requirements for Pfizer Inc.’s shot make it an unlikely choice for widespread use given India’s patchy health networks and infrastructure, especially in rural areas where the bulk of the country’s nearly 1.4 billion people live.

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2021 will witness lot of regulatory efforts channelled towards virtual assets: SBI official

” The use of crowdfunding websites, although not entirely new, create an additional risk as these are specially designed to solicit funding and can be misused for terror financing,” he said.

Varma also noted that crypto currencies and its potential means to finance terrorism is a significant threat especially when is anonymous in nature.

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AirAsia to sell 32.67% of stake in its Indian operations to Tata Sons

Group Chief Executive Officer Tony Fernandes told Reuters in September that the group intended to consolidate and strengthen its foothold in Southeast Asia, which could mean exiting both Japan and India.

Last month, AirAsia announced it was reviewing its investment in its India, saying its operations there had been draining cash and adding to the group’s financial stress.

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