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Mumbai hoarding collapse: 8 dead, 64 injured, Case of culpable homicide to be lodged
"There will be an investigation regarding what kind of permission...
TATA AIG General launches India’s first satellite in-orbit 3rd-party liability policy
The Indian space industry is experiencing phenomenal growth, with a...
NGT notice to Centre on plea for quashing notification on groundwater extraction
A bench headed by NGT Chairperson Justice Adarsh Kumar Goel said the Central Ground Water Authority (CGWA) was repeatedly issuing notification liberalising ground water extraction in water scarcity areas in spite of the need for stringent action, contrary to the very purpose for which it was setup.
The tribunal also issued notice to the Central Pollution Control Board (CPCB), and said water is a scarce resource on which life is dependent and its extraction has to be duly regulated.
In areas where there is water scarcity, extraction can be allowed on stringent conditions of ensuring recharge, it said.
Future Group lost Rs 7,000 cr revenue in first 3-4 months of COVID-19 pandemic: Kishore Biyani
In August this year, billionaire Mukesh Ambani’s Reliance Industries announced acquisition of retail and wholesale business and the logistics and warehousing business from the Future Group as going concerns on a slump sale basis for lumpsum aggregate consideration of Rs 24,713 crore.
Future Group’s financial and insurance business is not part of the deal.
New COVID-19 cases to below 60k daily, caseload rises to 71,75,880
There are 8,38,729 active cases of coronavirus infection in the country which comprises 11.69 per cent of the total caseload, the data stated
The COVID-19?case fatality rate was recorded at 1.53 per cent
General Insurance Industry’s prm remains flat at Rs 97K cr ,New India’s growth stays uniquely positive in H1 FY2020-21
New India Assurance ,which has consistently maintained a positive growth since Covid-19 pandemic outbreak in March, has completed both H1 FY 20-21, and September month with a positive growth. The total premium of the largest general insurance company, at Rs14,100 crore, has gone up by 4 per cent y-o-y in H1 FY2020-21.
The industry’s health portfolio,which has emerged as the largest portfolio,by displacing motor business, has now a market share of 31 per cent and , has grown by 13 per cent y-o-y to Rs 22,903 crore in the first five months(Apr-Aug) of the current fiscal.
The market share of motor portfolio, generating a total premium of Rs 22, 253 crore, down 16 per cent, in H1 FY2020-21, has fallen from 37 per cent, as of Sept, 2019-20, to 30 per cent in Sept, 2020-21.
GoAir pilots shut down P&W engine mid-air, even after fixes: Report
India last month ordered GoAir to ground jets that hadn’t had their Pratt engines modified to the specifications mandated by the DGCA.
India, where the most popular narrow-body market is dominated by the A320neo, mandated in 2019 that all engines must modify that particular component with a different material “less susceptible to impact damage.” Without that tweak, such as was implemented on the GoAir jet, pilots are at risk of one or more engines failing, losing control or worse, crashing the aircraft, according to the DGCA.
Delhi’s air quality hits ‘very poor’ level, first time this season
According to the Ministry of Earth Sciences’ Air Quality Early Warning System for Delhi, an increase in farm fires in Punjab, Haryana and neighbouring regions of Pakistan is also going to impact the air quality in Delhi-NCR.
Policyholders can now opt for renewal, migration and portability of their standard Covid covers:IRDAI
In respect of Corona Kavach individual policies, insurers have the choice to offer migration to any other indemnity based health insurance product offered by them as per the option exercised by the policyholder.
These short term policies are permitted to be renewed till 31st March,2021.
Mumbai hit by massive power outage
The failure was caused by “technical problems” during maintenance work, the energy minister of Maharashtra said in a video message. Power has now been restored to many areas of the city, officials and witnesses said.
The state government has asked the suppliers to provide uninterrupted power to hospitals, many of which are treating COVID-19 patients.
Hospitals and other institutions in India have over the years banked on emergency diesel power generators as a backup due to frequent outages caused by demand outstripping supply, though the situation is improving now.
FM announces economic stimulus to boost demand by $10 billion
Finance minister Nirmala Sitharaman, announced a one-time Rs 10,000 interest-free festival advance to all its officers and employees as part of plans to increase consumer spending to spur demand in the economy.
She said the government will also shore up investment by spending extra Rs 260 billion ($3.41 billion) on roads, ports and defence projects, and offering Rs 120 billion in interest-free 50-year loans to state governments for spending on infrastructure before March 31,2021.
“All these measures are likely to create an additional demand of Rs 730 billion ($9.96 billion),” Sitharaman said, adding the proposals would stimulate demand in a “fiscally prudent way.”
Treat as rep PIL for minimum standards for mental health establishments: HC to Centre
The petition had said there are many establishments in the country which claim they can cure or treat mentally ill people through Ayurveda, Yoga and Naturopathy.
“However, these establishments never register themselves with the Central Mental Health Authority or State Mental Health Authority as required under the Mental Healthcare Act, 2017.