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Indian News

Bihar CM shares state’s sustainable development efforts at UN climate roundtable

Despite having one of the highest population density in the world, we are promoting food forestry to ensure food security along with enhanced green cover. We have allocated additional USD 3.5 billion from the state budget for this cause. Work is being executed in mission mode, he said.

This would significantly contribute to the global efforts to achieve the 1.5 degrees Celsius target, he said.

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Primary healthcare focus area of govt: Kant

Niti Aayog CEO Amitabh Kant said by increasing spending on healthcare, reducing out of pocket expenditure and ensuring availability of qualified doctors, India can provide a continuum of care.

Puducherry Lieutenant Governor Kiran Bedi, Kant further said the Pradhan Mantri Jan Arogya Yojana (PMJAY), which is a digital, portable and cashless health insurance scheme, is one of the most remarkable steps in this direction.  

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LIC, GIC Re & New India Assurance are Domestic Systemically Important Insurers, need enhanced supervision:IRDAI 

“D-SIIs are perceived as insurers that are ‘too big or too important to fail’ (TBTF) ABD we have asked these three institutions to raise the level of corporate governance and  identify all relevant risk and promote a sound risk management culture.This perception and the perceived expectation of government support may amplify risk taking, reduce market discipline, create competitive distortions, and increase the possibility of distress in future,said IRDAI

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ONGC douses fire; gas supplies to industries hit

Indian gas transporter GAIL (India) Ltd has cut supplies by about 40% to customers, mainly power and fertiliser companies, after a pipeline rupture led to a fire in an ONGC plant, a company source said.
“Our capacity utilisation fell to 50% in the morning due to gas supply disruption,” a person at the KRIBHCO said.

NTPC has shut its 656 megawatt gas-based power plant at Kawas near Hazira and a 657 megawatt Jhanor-Gandhar plant due to gas supply disruption, a person at the company said.

Gas supplies to customers have temporarily closed due to safety reasons, an ONGC spokesman said.

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Shift towards digital banking is going to be permanent: SBI Chairman

“Progressively, we are seeing that there has been a shift away from branches and even from ATMs. The number of transactions on ATMs have come down from 55 to 29 per 100. On the other hand, the digital transactions, which are on mobile and internet banking, have gone to 55 out of 100 transactions,” said State Bank of India Chairman Rajnish Kumar

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