Nearly half of India's farmland, without irrigation, depends on the...
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S&P Global to observe India’s fiscal glidepath for possible rating upgrade
''Within the next 2 years we will be closely observing whether the...
RBI shifts 100 tonnes of gold from vaults in UK to India to save storage cost
The central bank held 822.10 tonnes of gold as part of its foreign...
Govt plans to set up charging infrastructure across 69K petrol pumps
The Road Transport and Highways Minister while addressing a virtual conference said that the government has taken several steps to promote electric vehicles which include reduction in GST to 5 per cent, allowing delinking of battery cost of 2-3 wheelers from vehicle cost as it accounts for nearly 30 per cent of the cost etc.
COVID-19 caseload in India breaches 91-lakh mark
The national recovery rate was recorded 93.68per cent,while the COVID-19 case fatality rate stands at 1.46 per cent
Top private employer sees jobs in India rising to pre-Covid levels
India’s unemployment rate eased to 6.98% in October from as high as 23.5% in April, according to private research firm Centre for Monitoring Indian Economy. Isaac echoed the figure, saying the rate will return to pre-Covid levels of 6%-7% with the construction and real estate sectors fueling demand for jobs.
S&P sceptical of allowing corporates into Indian banking
“The working group’s concerns regarding conflict of interest, concentration of economic power, and financial stability in allowing corporates to own banks are potential risks,” S&P Global Ratings said in a note.
A former RBI governor, Raghuram Rajan, and a former deputy governor, Viral Acharya, also criticised the proposal, calling it a “bad” idea.
Even though India needed more banks it was not wise to allow industrial houses into banking as the history of such inter-connected lending showed it could be disastrous, they said.
LDF govt puts on hold controversial Kerala Police Act amendment
Opposition parties have slammed the amendment, brought through an ordinance, providing for imprisonment up to five years to those making defamatory social media posts, saying it was against freedom of speech and the press.
DIPAM looks to appoint consultant for govt share sale in banks, insurance cos
The consultant may be required to prepare background reports on the above sectors and may be assigned other role depending upon the requirements of DIPAM, the RFP said.
Experience in government accounting, government financial procedures and office procedures is desirable.
India’s COVID-19 tally rises to 90.95 lakh with 45,209 new cases
The total recoveries have surged to 85,21,617, pushing the national recovery rate to 93.69 per cent, while the COVID-19 case fatality rate has declined to 1.46 per cent.
There are 4,40,962 active cases in the country as on date which comprise 4.85 per cent of the total caseload, the data stated.
Govt clears appointment of 9 directors in PSU general insurance companies
The nine senior officials who will be now GM and directors are-Swami Balla for NIA, Anjan Dey for GIC Re,Deepak Prasad for GIC Re, Neera N Saxena for,NIC,Navneet Doda for NIC,Susmita Mukherjee for NIA,,Atul Jerath for OIC, Ravi Rai and Rajeev Chaudhury for UII.
Anjan Dey, general manager and director, who is currenly working with NIA and has more than two years of residual services,will be one of front-runner candidiates for the CMD post at OIC after SN Rajeswari joins as one of the members of the insurance regulatory body IRDAI.,
Coronavirus vaccine distribution faces logistics, supply chain challenges
There is no adult vaccination programme in the country except tetanus for pregnant women.
Even immunisation of children had its share of difficulties with many people not vaccinating, he said.
Most vaccines may require at least two doses, possibly the second one to be administered after a certain number of days, which increases difficulties in logistics and supply.
Kerala’s new law imposes 5-year jail term or fine of Rs 10,000 for offensive post
Expressing concern over the rising crime graph, fake propaganda and hate speech on social media since the outbreak of COVID-19, the LDF government had said since cyber attacks are amajor threat to private life, it has been decided to amend the Police Act as the existing legal provisions were inadequate tofight such crimes.