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EU AI Act checker reveals Big Tech’s compliance pitfalls
Companies failing to comply with the AI Act will face fines of 35...
Singapore lawmakers amend bill to stop Allianz’s insurance deal
The move comes two days after the government — in a rare move —...
CCEA clears LIC disinvestment; panel headed by FM to decide quantum of stake sale
“The Cabinet Committee for Economic Affairs last week cleared the proposal of initial public offering of LIC. The alternative mechanism on disinvestment will now decide on the quantum of stake to be divested by government,” the official said.
PM Modi says farm sector needs post-harvest revolution; govt impetus on scientific ecosystem
”With the ever-increasing agricultural production, there is a need for post-harvest revolution and value addition.We are striving relentlessly to intensify our speed and scale to achieve this. We have been taking comprehensive steps to get a complete solution, from irrigation to sowing, harvesting, and earnings that are technology-enabled,” Modi said in a message to commemorate the National Bank for Agriculture and Rural Development’s foundation day.
Kerala on alert after Zika outbreak; Centre rushes team
Of the 19 samples sent to the Pune-based institute, 13 were found to be positive for Zika, the State government said on Friday.
The symptoms are similar to dengue and they include fever, rashes and joint pain.
State health minister Veena George said an action plan has been drawn up to control the spread of Zika.
FM Sitharaman emphasises on role of technology in fighting climate change
She also shared India’s innovative policy mix for better environmental outcomes, such as the new Energy Map of India; digital innovation and emerging fuels; International Solar Alliance for enabling clean energy; and promotion of energy efficiency and afforestation.
UP Population Bill draft denies government jobs, subsidy If more than 2 children
Listing incentives for public servants who adopt the two-child norm, the draft bill says, “Public servants who adopt the two-child norm will get two additional increments during the entire service, maternity or as the case may be, paternity leave of 12 months, with full salary and allowances and three per cent increase in the employer’s contribution fund under national pension scheme.”
Have directed states ensure compliance with Covid directives: Centre
The Centre has submitted that national directives for COVID-19 management include face coverings, social distancing, not spitting in public places, work from home, staggering of work/business hours, screening and hygiene and frequent sanitisation.
LIC’s Chairman post will be termed as `Chairperson’ for next 3 years
Issuing a circular last Friday, LIC has said as per section 4 (2) (a)of the amended LIC Act, 1956 which has become effective from 30th June, 2021, the erstwhile whole time position of chairman would be “Chairperson” during the initial period of three years
Don’t want Tom, Dick and Harry to collect money: HC on crowdfunding for treatment of rare diseases
The high court said it was concerned that every ”Tom, Dick, and Harry” was collecting funds via crowdfunding for treatment of the children suffering from rare diseases and asked the state government whether it has any control over such transactions.
Justice P B Suresh Kumar said the court does not want to interdict the crowdfunding process, but it wants the funds to go to the government instead into the account of some private individuals who may or may not give it to those who require the money.
Vijayan requests PM to waive tax on imported life-saving drug for child
Noting that the medicine for SMA is ‘prohibitively expensive’ and ‘unaffordable’ for the child’s family, Vijayan said it costs a whopping Rs 18 crore and is proposed to be imported from the US.
The CM, in the letter, also pointed out that the central government had recently waived tax in a similar case of a five month old child, who is suffering from SMA in Mumbai.
Indian economy lacks fresh investment as banks find lending risky
While banks are dithering on loans on the one hand, companies are pushing back investment plans amid lack of demand on the other.
Corporate willingness for new investments is low, according to the Centre for Monitoring Indian Economy Pvt., with capital expenditure declining. While companies have posted bumper profits mostly on the back of widespread cost cutting, most have used the extra funds generated to pay down bank loans.