In Samvat year 2080, investors' wealth surged by a whopping Rs 128...
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India records warmest temperature since 1901 in October
The minimum temperature in Oct also clocked 21.85 degrees Celsius...
IMF sees India driving growth in Asia-Pacific region
IMF said that the growth for the Asia Pacific region in 2024 has...
Bill to amend general insurance law introduced in Lok Sabha
Finance Minister Nirmala Sitharaman said,“What we are trying to do in this is not to privatise. We are bringing some enabling provision so that the Government can bring in public, Indian citizens, and common people’s participation in the general insurance companies.”
As per the statement of objects and reasons of The General Insurance Business (Nationalisation) Amendment Bill, 2021, it seeks to remove the requirement that the central government holds not less than 51 per cent of the equity capital in a specified insurer.
No multilateral protocol at present on international travel of Covid vaccinated people: Govt
Most countries require a negative COVID-19 test report, along with compliance with country specific COVID protocols, the minister stated.
”While there have been multilateral discussions, including under the framework of International Civil Aviation Organization (ICAO), regarding COVID-19 vaccination certificates, no multilateral arrangements in this regard have been reached so far.”
Easing curbs, non-adherence to Covid norms behind surge in infections: Govt
A three-tier arrangement of dedicated COVID-19 health facilities [(i) COVID Care Center (CCC); (ii) Dedicated Covid Health Centre (DCHC) and (iii) Dedicated COVID Hospital (DCH)] has been implemented in the country to reduce the risk of cross infection to non-COVID patients as well as to maintain continuity of non-COVID essential health services in the country, Pawar said.
Cabinet approves privatisation of a PSU general insurer
The amendments, approved by the cabinet, will remove the clause for the Centre to hold at least 51 per cent in public sector insurance companies at any given time and transfer of management control to a private player who wants buy the compoany. ‘
India has four general insurance companies in the public sector – National Insurance Company Limited, New India Assurance Company Limited, Oriental Insurance Company Limited and the United India Insurance Company Limited. One of these will be privatised for which the government is yet to finalise the name.
Changing VT code of Indian aircraft will have big financial implication on airlines: Govt
In a written reply to a question in the Lok Sabha from BJP MP Harish Dwivedi, Minister of State for Civil Aviation V K Singh said, ”If we change the VT call sign, then all documents have to be reissued, the aircraft will have to be repainted and cannot fly till all markings are changed.” ”Aircraft will remain grounded during the whole process. It will also have a big financial implication on the airlines,” he added.
PM Modi launches website dedicated to AI, says will open way for AI-driven economy
“The Artificial Intelligence program, which has just been launched, will also make our youth future-oriented, opening the way for AI-driven economy. This will bring the digital revolution in the field of education,” he said.
Space Activities Bill under consideration to promote private players in sector
The Indian National Space Promotion and Authorization Centre (IN-SPACe) was created as an independent nodal agency under the Department of Space with the mandate of promoting, handholding, licensing, authorization and monitoring of private space activities in India. Access to Department of Space (DOS) facilities and expertise is extended to private entities to support their space activities.
Covid R-value climbing steadily in country; Kerala, NE states top list
“India’s overall active cases are fluctuating too much to get a reliable estimate, but data is pointing at a value close to 1. It may tip over either way in the coming few days,” said Sitabhra Sinha of the Institute of Mathematical Sciences, who is leading the team.
Progress on tobacco fight, but new nicotine products pose increasing threat
Of particular concern, new data shows that children who use electronic nicotine delivery systems, such as ‘e-cigarettes’ are up to three times more likely to use tobacco products in the future.
WHO is concerned that these products are often being marketed to children and adolescents by the tobacco and related industries that manufacture them, using thousands of appealing flavours and misleading claims about the products.
Cabinet approves multilateral MoU signed by IFSCA
MoU signed between the International Financial Services Centres Authority (IFSCA), International Organization of Securities Commissions (IOSCO), and International Association of Insurance Supervisors (IAIS)