Jyotiraditya Scindia, Union Minister for Communications "In terms...
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Food companies sell products that are less healthy in poorer countries, says report
“It’s a very clear picture that what these companies are selling in...
China unveils $1.4 trillion local debt package but no direct stimulus
In an apparent reaction to the U.S. election and the intensifying...
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.
MoRTH to seek Cabinet nod for townships, smart cities alongside highways: Gadkari
He pointed out that with multiple road safety interventions, there is a reduction in road accidents from the rate of 0.4 per lane per km in 2018 to 0.3 per lane per km in 2020.
Discussions still going on over indemnity to Moderna, says report
Moderna’s ready-to-use injectible COVID-19 vaccine is authorised pursuant to a registration certificate and permission to import the vaccine for restricted use in an emergency situation in India, to be administered to adults aged 18 years and older.
LIC to have Chief Executive Officer, Managing Director; govt does away with Chairman post
The changes have been made by the Department of Financial Services under the finance ministry by amending Life Insurance Corporation of India (Employees) Pension (Amendment) Rules. Besides, some other rules under LIC Act, 1956, have been amended.
Covid-19: Cabinet approves Rs 23,123 crore Emergency Response and Health Systems Preparedness Package
“India COVID-19 Emergency Response and Health Systems Preparedness Project: Phase-II” would be implemented at a total cost of Rs 23,123 Crore, from 01″ July 2021 to 31″ March 2022 with central and state share Rs.15,000 crore and Rs.8,123 crore respectively.
With the focus on immediate needs for the next nine months of FY 21-22, to provide support to Central government hospitals / agencies and to State/UT Governments to augment their existing response to the second wave and the evolving pandemic, including at district and sub district levels in peripheral facilities.
Cairn wins freeze on India state assets in Paris in bid to recover tax damages
“There have been news reports that Cairn Energy has seized/ frozen State owned property of Government of India in Paris. However, Govt. of India has not received any notice , order or communication , in this regard, from any French Court.Government has already filed an application on March 22, 2021 to set aside the December 2020 international arbitral award in The Hague Court of Appeal. Government of India will vigorously defend its case in set aside proceedings at The Hague,” said a statement by the Government of India..
A French tribunal ordered the freeze on some 20 centrally located properties belonging to the Indian government as part of a guarantee of the amount owed to Cairn, the London-listed firm said.
Cairn said it has also registered similar claims against India in courts in the United States, Britain, the Netherlands, Singapore and Quebec.
Relating Giloy to liver damage completely misleading:Ayush Ministry
”Apart from this, relating Giloy or TC to liver damage would be misleading and disastrous to the Traditional Medicine system of India as herb Guduchi or Giloy has been used in Ayurveda for long. The efficacy of TC in managing various disorders is well established,” it said.
Saudis may work longer, pay more to Kingdom’s pension fund: Report
The government — faced with an estimated actuarial gap of 800 billion riyals ($213 billion) at the state-controlled pension fund — is weighing proposals to increase the retirement age, according to three people familiar with the matter, who asked not to be identified to discuss confidential deliberations. It could also require workers to contribute more of their salaries to the General Organization for Social Insurance, or GOSI, which manages both public and private sector pensions, the people said.
India’s health minister quits as Modi readies cabinet reshuffle
Health Minister Harsh Vardhan quit, a source close to the minister said, paying the political price for the government’s struggles to cope with a devastating second wave of coronavirus infections. read more