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Companies are dropping the D or E from DEI to avoid legal risks
Companies such as Toyota Motor Corp. and Ford Motor Co. have...
Govt’s digital life certificate campaign to benefit over 1.81 lakh pensioners
The Department of Pension & Pensioners’ Welfare on Friday...
Free visas to 5 lakh tourists, financial support for tourism sector
Announcing measures to revive the tourism sector battered by Covid-19, Sitharaman said financial support would be provided to more than 11,000 registered tourist guides, travel and tourism stakeholders.
After Air India, Cairn to target more Indian state-owned firms for recovery
A lawyer representing the company said Cairn will bring lawsuits in several countries to make state-owned firms liable to pay the USD 1.2 billion plus interest and penalties that are due from the Indian government.
Last month, Cairn brought a lawsuit in the US District Court for the Southern District of New York pleading that Air India is controlled by the Indian government so much that they are ‘alter egos’ and the airline should be held liable for the arbitration award.
Govt defers mandatory installation of front seat airbags in existing car models till Dec 31
The ministry on March 6 had said that vehicles manufactured on and after April 1, 2021, in the case of new models, and August 31, 2021, in the case of existing models shall be fitted with an airbag for the person occupying the front seat, other than the driver.
The step is aimed at improving passenger safety in case of accident.
Govt to refresh IT Act, but initial focus on PDP Bill: IT Secretary
Ministry of Electronics and IT (Meity) Secretary Ajay Prakash Sawhney, however said the government’s immediate focus is on putting in place the Personal Data Protection (PDP) Bill.
India to come out with space transportation policy, onboard
According to the Department of Space (DoS), globally, the participation of private agencies in providing launch services has increased and some of them have become significant players in the commercial market for launch services.
India is also witnessing the emergence of a ”New Space” wherein the private players in the space sector aim to tap the commercial potential of small satellite launch services by developing small satellite launchers for the global market, it said.
Govt extends I-T compliance deadlines; exempts tax on COVID treatment cost, ex-gratia payments from employers
“In order to ensure that no income tax liability arises on this account, it has been decided to provide income-tax exemption to the amount received by a taxpayer for medical treatment from employer or from any person for treatment of Covid-19 during FY 2019-20 and subsequent years,” it added.
Explainer: Climate change and financial disclosure – what’s at stake?
Global regulators are working towards creating a common set of guidelines for assessing climate-related financial risks.
The Financial Stability Board, an international body that monitors the global financial system, created the Task Force on Climate-related Financial Disclosures (TCFD), which released in 2017 recommendations on climate risk disclosure.
A network of central banks also released climate-change scenarios and guides for measuring risks, while the U.N. Environment Programme Finance Initiative (UNEP FI) last year published methods insurers can use to disclose climate risks.
G20 nations recommit to shaping human-centred recovery
“The crisis has impacted some sectors and groups much harder. In particular, it has hit women and youth, along with those in the informal economy.Those are also the groups facing the most difficult situations today and the biggest risk of being left behind in the months and years ahead,”ILO Director-General Guy Ryder said.
Ryder outlined the cataclysmic impact of COVID-19, which has led to the loss of the equivalent of 161 million full-time jobs in the G20 nations. This, he said, represents a world of work crisis four times as severe as the one triggered by the financial crisis of 2008/09.
India’s antitrust watchdog orders probe into Google in smart TVs suit
The case will be Google’s third ongoing antitrust investigation in India, where it faces a probe into its payments app and Android mobile operating system. Reuters reported last week that an investigation into the smart TV case was likely soon.
SC reserves verdict on Rs 4 lakh ex-gratia compensation to kin of COVID-19 deceased
The top court asked the parties to file written submissions in three days and specifically directed the Centre to simplify the process of grant of death certificates to the dependents of those who have died of COVID-19.
The Centre had earlier told the apex court that the ex-gratia compensation of Rs 4 lakh cannot be paid to the families of those who have died of COVID-19 as the finances of state governments and the Centre are under severe strain.