The showdown over financing for developing countries comes in a...
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Adani’s bribery scandal raises concern on market, public disclosure lapses
"The Adani Group can argue about the materiality of the...
FPI selling spree continues in Nov at Rs 26 533 cr, intensity of outflow reduces
The relentless selling by FIIs continued in November. After selling...
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
Delhi govt launches financial assistance scheme for families of Covid victims
”Each family in which a death has occurred due to Covid will be provided an ex gratia of Rs 50,000.”
”We are launching a portal through which such people can apply for financial assistance. Our representatives will also visit such families and get applications filled up,” he added.
The chief minister said such representatives will not reject claims of families in case any document is missing and will only facilitate the process.
There is no income criterion to apply for financial assistance under the scheme.
Stock exchanges, other officials liable to face penalties for tech glitches: Sebi
Stock exchanges, clearing corporation and depositories will have to pay in the range of Rs 1 lakh each working day to Rs 2 crore for flouting Standard Operating Procedure while Managing Director (MD) and Chief Technology Officer (CTO) of the MIIs concerned will have to cough up 10 per cent of their respective annual pay.
To avoid technical glitches, Sebi has suggested that MIIs should have Business Continuity Planning, disaster recovery policies and system audit processes in place.
New Saudi airline plan takes aim at Emirates, Qatar Airways
Crown Prince Mohammed bin Salman, who is pushing economic diversification to wean Saudi Arabia off oil revenues and create jobs, announced a transportation and logistics drive on Tuesday aimed at making the kingdom the fifth-biggest air transit hub.
Govt likely to invite bids from merchant bankers this month
“We will invite bids for appointment of merchant bankers in the next couple of weeks, the official said, adding discussions are going on with institutional investors.”We are hoping to get regulatory approvals by November-end,” the official said.
Up to 10 per cent of the LIC IPO issue size would be reserved for policyholders.
Homeless, beggars should work; everything can’t be provided to them by state: HC
“They (homeless persons) should also work for the country. Everyone is working. Everything cannot be provided by the state. You (petitioner) are just increasing the population of this section of the society, the high court said.
The court also raised questions on the petitioner, saying that granting all the prayers sought in the petition would be like an “invitation to people not to work”.