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Consumer affairs ministry to meet e-commerce firms on May 15 to curb fake online reviews
The draft Quality Control Order(QCO) of Consumer Affairs Ministry...
Hinduja group floats 4 new Indian cos to acquire Reliance Capital
Hinduja Group has now submitted a new plan changing the...
Centre in SC agrees to waive compound interest on loans up to Rs 2 cr for six-months
In an affidavit filed by Union finance ministry on behalf of the Union of India, it said that the relief to all borrowers in respect of compounding of interest during the period of moratorium would be admissible to the categories specified irrespective of whether the borrowers had availed the moratorium or not.
The government, therefore, has decided that the relief on waiver of compound interest during the six-month moratorium period shall be limited to the most vulnerable category of borrowers. This category of borrowers, in whose case, the compounding of interest will be waived, would be MSME loans and personal loans of up to Rs 2 crore, it said.
Tesla CEO Musk suggests India entry in 2021
Tesla’s entry could come at a time when Prime Minister Narendra Modi is increasingly becoming focussed on promoting the use and manufacture of electric vehicles.
Meity to seek Cabinet approval for policy on AI-based programmes
“We look at artificial intelligence not from the viewpoint of driverless cars but from solving problems of people and how we can socially empower them through AI. We will make AI a moment in India,” Niti Aayog CEO Amitabh Kant said.
National Strategy for Artificial Intelligence (NSAI) highlighted the potential of Artificial Intelligence (AI) in boosting India”s annual growth rate by 1.3 percentage points by 2035 and identified priority sectors for the deployment of AI with government”s support.
Marsh India completes acquisition of JLT Independent
The acquisition of JLT Independent further strengthens Marsh”s position as a leading insurance and reinsurance broker and provider of risk management solutions in the country, where it serves more than 5,000 clients through its 17 offices.
Supreme Court orders airlines to refund bookings during coronavirus lockdown
The Supreme Court told airlines to refund the money within three weeks in a decision that will add to the burden on cash-strapped Indian carriers whose revenues have been hit by coronavirus restrictions on air travel.
India open to launching own app store as start-ups criticise Google – government source
India already runs a mobile app store that lists over 1200 mainly government-backed applications, but also Paytm, and the government could also consider expanding that instead of starting from scratch, the official added.
India’s coronavirus infections rise to 6.39 million
Deaths from coronavirus infections rose by 1,095 in the last 24 hours to 99,773, the ministry said.The total recoveries have surged to 53,52,078. There are 9,42,217 active cases of coronavirus infection in the country which comprises 14.74 per cent of the total caseload, the data stated.The COVID-19 case fatality rate was recorded at 1.56 per cent
Indian monsoon rains above average for second year in a row
The monsoon delivers about 70% of India’s annual rainfall and determines the yield of crops such as rice, wheat, sugarcane and oilseeds.Farmers are likely to expand areas planted with winter-sown crops due to the ample soil moisture and an increase in the price the government pays for some crops, said Subhranil Dey, senior research analyst at commodity brokerage SMC Comtrade Ltd in New Delhi.
HDFC Life launches ‘Futurance’ phase 3 to incubate startups in association with IvyCamp
Mumbai: HDFC Life and IvyCamp, an initiative of IvyCap Ventures, today jointly launched the third phase of Futurance - the corporate engagement program to identify startups that are building innovative and next-gen capabilities in the insurance sector. Last...
Unlock5: Centre permits schools, colleges, cinemas to reopen from October 15
However, the ministry said that restrictions on international travel, except those permitted by the Centre, will continue. Swimming pools being used for training of sportspersons will be allowed to open for which the standard operating procedure (SOP) will be issued by the Ministry of Youth Affairs and Sports.
The lockdown shall continue to be implemented strictly in the containment zones till October 31, the ministry said. The home ministry reiterated that states will not impose any local lockdown outside the containment zones without prior consultation with the central government. There will be no restriction on inter-state and intra-state movement.