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Domestic institutional investors pour record over Rs1 lakh cr in equities in Oct
DII activity came as the cumulative foreign portfolio investor...
Ayushman Vaya Vandana Card to provide free hospital treatment to all above 70 years: PM Modi
Data shows that just about 20 per cent are covered by any health...
Kumar gets 9-month extension as LIC chairman
Analysts point out that Kumar’s extension as the chairman will help the corporation to handle its mega IPO smoothly during the current year.
Earlier, the government through an approval of ACC had extended the retirement age of LIC chairman from 60 to 62.
Siddarth Mohanty, MD, who is retiring in June 2023, will be one of the top contenders for the chairmanship of the corporation after Kumar retires in March 2022..
Twitter seeks more time from government to comply with new IT rules
The rules also require significant social media intermediaries — providing services primarily in the nature of messaging — to enable identification of the “first originator” of the information that undermines the sovereignty of India, the security of the state, or public order.
Under the rules, significant social media intermediaries — those with over 50 lakh users — are required to appoint a grievance officer, a nodal officer and a chief compliance officer. These personnel have to be residents in India.
India may raise vaccine spending to $6 bln this fiscal year -government sources
The previously budgeted amount was Rs 350 billion .
Part of the increase could be due to higher-than-previous costs for domestically manufactured shots.
Indian court calls for sweeping reforms to respect LGBT rights
Among his recommendations: police and government officials should be given awareness training to ensure they respect LGBT rights. Medical practitioners who claim to be able to “cure” homosexuality should have their licenses revoked.
FM meets insurers, New India pays Rs 209 crore for settling 419 health workers’ COVID-19 claims
A total of 4.65 lakh claims have been paid amounting to Rs 9,307 crore under PMJJBY. Since the beginning of the pandemic that is April 2020 onwards till date, 1.2 lakh claims have been paid amounting to Rs 2,403 crore, at a disposal rate of 99 per cent.
She also called for accelerating disbursement of pending claims under PMJJBY during the pandemic.
Sitharaman also took stock of Pradhan Mantri Suraksha Bima Yojana (PMSBY), under which a total of 82,660 claims of Rs 1,629 crore have been paid as on May 31, 2021.
RBI keeps rates at record low on virus fallout, projects retail inflation at 5.1%
According to Das, upside risks to inflation emanates from persistence of second COVID wave and consequent restrictions on activity on a virtually pan-India basis.
“In such a scenario, insulating prices of essential food items from supply side disruptions will necessitate active monitoring and preparedness for coordinated, calibrated and timely measures by both Centre and state governments to prevent emergence of supply side bottlenecks and increase in retail margins,” the governor said.
EU takes on Facebook over ad data
* Alphabet’s Google: The world’s most popular internet search engine has been hit with total fines of 8.25 billion euros ($10 billion) in more than a decade of battles with the Commission over its shopping service, Android mobile operating system, and online advertising practices. The first fine came in 2010.
Centre caps prices of oxygen concentrators
“NPPA has capped the trade Margin up to 70 per cent on price to distributor (PTD) level on oxygen concentrators,” the ministry said.
The order will be applicable up to November 30 this year, subject to review.The ministry further said that the manufacturers/importers not complying with the revised MRP after trade margin capping, will be liable to deposit the overcharged amount along with 15 per cent interest and penalty up to 100 per cent under the provisions of the Drugs (Prices Control) Order, 2013 read with Essential Commodities Act, 1955.
Covid-19 vaccine: After Pfizer, Serum Institute seeks indemnity, say sources
Earlier last year, SII CEO Adar Poonawala had advocated for indemnity for all vaccine manufacturers.
“We need to have the government indemnify manufacturers, especially vaccine manufacturers, against all lawsuits… Frivolous claims come up and you see in the media something being blown out of proportion. The government needs to step in with the right messaging,” he had said.
Amid the nationwide COVID-19 vaccine crunch, US pharma giant Pfizer is seeking an indemnity bond that will exempt it from legal claims in case there are any adverse effects from the vaccine.
Retired babus taking up private sector jobs soon after retirement is serious misconduct: CVC
In an order, it also said that all government organisations should mandatorily take vigilance clearance before offering post-retirement jobs to babus.
In case a retired officer served in more than one organisation, the vigilance clearance should be obtained from all organisations where the retired officer had served during a period of 10 years prior to his retirement, it said mentioning the procedure.