Jitendra Singh,Minister of State (Independent Charge) for...
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Indian economy to touch $7 trillion mark by 2031: Report
According to a Crisil report, "any further escalation in...
FPIs selling-spree continues withdraw Rs 22,420 cr from equities in Nov
According to the data, FPIs recorded a net outflow of Rs 22,420...
Nearly Rs 49,000 cr lying unclaimed with banks, insurers: Karad
As per the Insurance Regulator Development Authority of India (IRDAI), the total amount of unclaimed amounts of policy holders in public and private sector insurance companies was at Rs 24,586 crore (end-December, 2020).
On the other hand, all insurers having unclaimed amounts of policyholders for a period of more than 10 years transfer such funds to the Senior Citizens” Welfare Fund (SCWF) every year. The SCWF is utilised for schemes for promoting the welfare of senior citizens.
California expands state healthcare to undocumented residents 50 and up
But California is not the first state to provide comprehensive public medical benefits to its undocumented elderly population. Illinois last December became the first to extend state-funded healthcare coverage to all non-citizens age 65 and older whose immigration status had left them ineligible for Medicaid.
Newsom’s action builds on two earlier expansions of Medi-Cal – California’s version of the state-federal Medicaid system for the poor and disabled. They provided full-scale coverage to undocumented children, then to young adults until their 26th birthday regardless of immigration status beginning last year.
FSSAI mulling using next-gen technology tools to ensure food safety, quality
”FSSAI is exploring the possibilities of using technological tools like blockchain, machine learning, etc in obtaining traceability information,” Food Safety and Standards Authority of India (FSSAI) CEO Arun Singhal said.
Next generation tools like genome sequencing and innovations in chemical and molecular analysis can be very useful in the area of food authenticity and integrity, he pointed out. Also, Internet of Things (IoT) has taken a big leap forward and can be used for mounting production and processing operations, he added.
NPPA has fixed ceiling prices of 355 medicines, 882 formulations: Mandaviya
”Most of the drugs that are part of COVID-19 management protocol have ceiling prices, viz., paracetamol, dexamethasone, methylprednisolone, IVIGs, enoxaparin, budesonide, heparin and amphotericin, etc,” Minister of Chemicals and Fertilisers Mansukh Mandaviya said in a written reply to a query in the Lok Sabha.
In the case of few non-scheduled medicines like remdesivir, which are part of COVID-19 protocol and are non-scheduled, on government intervention, MRPs of various brands of remdesivir have been reduced voluntarily by the major manufacturers/marketers of the remdesivir injection (lyophilized), he added.
Inter-brand maximum retail prices (MRPs) that varied up to Rs 5,400 per vial were brought down to less than Rs 3,500, the minister said.
WHO has commenced review process for emergency use listing of Covaxin: Govt
Responding to a question on whether it has come to the notice of the government that COVID-19 vaccine Covaxin used in India is not recognised by many countries, Pawar said the government is aware that Covaxin at present is not part of WHO Emergency Use Listing (EUL).
Law without order: investors grapple with China’s regulatory risk
The Chinese Communist Party’s uneasy relationship with private business has always weighed on the minds of Western investors who seek legal and regulatory certainty to place their bets.
Yet Beijing’s recent moves are unsettling even seasoned investors who are otherwise used to navigating corporate China’s murky auditing and poor governance in order to chase growth in the world’s second-largest economy.
Insurance brokers Aon and Willis drop $30 bn merger move, Aon to pay $1 billion termination fee to Willis
“Despite regulatory momentum around the world, including the recent approval of our combination by the European Commission, we reached an impasse with the U.S. Department of Justice,” said Aon CEO Greg Case.
Govt’s net tax collection rises 86% to Rs 5.57 trillion in first quarter
Besides, undisclosed income of about Rs 8,465 crore has been brought to tax and a penalty of Rs 1,294 crore has been levied in HSBC cases. Undisclosed income of about Rs 11,010 crore has been detected in ICIJ (International Consortium of Investigative Journalists) cases.
Is Delta defeating us? Here’s why the variant makes contact tracing so much harder
Delta makes the job so much harder In the absence of enough vaccines for everyone, control of the epidemic requires: 1) identifying all new cases by testing and isolating them to prevent further transmission 2) tracing all contacts and quarantining them for the incubation period, so they don’t cause further transmission. SARS-CoV-2 is highly infectious in asymptomatic or pre-symptomatic people, so without contact tracing these people would carry on, unaware they are infected, and may infect many others.
Companies struggling to manage reporting on climate risks, says report
”Companies based in India presented 28 per cent on quality disclosure and 49 per cent coverage. Only 3 per cent of global companies reviewed meet the highest levels of quality and the average quality score is 42 per cent,” EY said in a release on Sunday.
Among others, the number of Indian companies responding to disclosure platforms such as carbon disclosure project is on the rise. In the coming year, greater Task Force on Climate-related Financial Disclosures reporting is expected, driven by pressure from financiers, investors and customers, it added.