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Yamuna pollution NGT imposes Rs 65 crore environment compensation on two UP civic bodies
It said based on the "polluter pays principle", the Agra nagar...
LIC warns against misleading social media ads exploiting Its brand and logo
''It has come to our attention that certain individuals and/or...
As India’s Covid-19 cases rise, docs ‘scared like the patients, exhausted’
Data from the Indian Medical Association, that represents 350,000 doctors across the country, shows almost 200 doctors have died from the coronavirus.
Fall in GDP alarming; time for bureaucracy to take meaningful action: Rajan
“The sharp decline in economic growth should alarm us all. The 23.9 per cent contraction in India (and the numbers will probably be worse when we get estimates of the damage in the informal sector) compares with a drop of 12.4 per cent in Italy and 9.5 per cent in the United States, two of the most COVID-19-affected advanced countries,”Rajan wrote in a post on his LinkedIn page.
India’s COVID-19 tally mounts to 41,13,811 with a record 90,632 people being infected in a day
The pandemic will not finish this year as the virus has spread from big cities to other parts of the country, Randeep Guleria, the director of the All India Institute of Medical Sciences in New Delhi, said in an interview with India Today TV.
The number of cases could continue to rise before the curve flattens out, he said.
SBI plans VRS scheme covering 30,000 staff as it seeks to optimise costs
The scheme will open on December 1 and will remain open till the end of February, it said, adding that applications for VRS will be accepted during this period only.
As per the proposed eligibility criteria, a total of 11,565 officers and 18,625 staff members will be eligible for the scheme.
The total net savings for the bank would be Rs 1,662.86 crore if 30 per cent of eligible employees opt for retirement under the scheme, as per estimates based on July 2020 salary, it said.
Govt mulls installing EV charging kiosks at around 69,000 petrol pumps
According to the industry estimates, there are around 69,000 petrol pumps in the country. The EV charging facility at all petrol pumps could boost e-mobility in a big way as lack of such infrastructure discourages people from buying EVs.
Air tickets booked during Mar 25-May 3 to be fully refunded: DGCA to SC
The aviation regulator in its affidavit said that if airlines are not able to refund the amount on account of financial distress, they shall provide a credit shell equal to the amount of fare collected and this shall be issued in the name of the passenger who has booked the ticket for domestic travel directly or through an agent including online platforms.
Banks may restructure loans worth more than Rs 10 trn to 5-6 key sectors
Companies in about half-a-dozen vulnerable sectors — hospitality, aviation, entertainment, commercial real estate and travel & tourism — whose businesses have been impacted severely due to the Covid-19 crisis will make a beeline for the scheme.
Centre close to finalising automobile scrappage policy: Nitin Gadkari
The policy is expected to encourage customers to go in for new purchases which will be backed-up by government incentives in lieu of their old vehicles.
Significantly, the move is considered to be the most vital element of any further package to prop-up the sector’s growth.
Fintech the way forward for Indian banking, payment system: SBI MD
Giving the example of SBI, he said, 91 per cent of jobs are being done digitally now, which was unthinkable 35 years ago.
“We believe that this 91 per cent will become 100 per cent. For a bank like State Bank of India, and other banks obviously, everything is going to move digitally. There is no doubt about that. Penetration of smartphones is also going to increase,” he said at a virtual conference organised by the Confederation of Indian Industry (CII).
Going forward, he said, branches are going to become nothing but distribution points like what has happened in Europe and other places
Foreign investors pour $6 bn into India stocks despite sinking economy
“We place India at the top of the list with China for investment returns over the next 12-24 months,” said Nuno Fernandes, who helps oversee more than $2 billion in emerging-market assets at GW&K Investment Management LLC in New York. “India equities represent one of the fastest growth areas in the world.”
Still, rapidly rising virus cases have put a dampener on investor confidence. With the number nearing 4 million, India is becoming the world’s new virus epicenter.