Stress cannot be avoided but it can be managed. In the corporate...
Category:
Policy
Latest
NHRC issues notice to Labour Ministry EY-employee’s death
The National Human Rights Commission has also appointed a ‘Special...
Nadda slams Punjab Govt for mismanagement of Ayushman Bharat payments, Punjab accuses Centre of discrimination
The Private Hospital and Nursing Home Association (PHANA) in Punjab...
China launches first class-action lawsuit in war against corporate fraud
China introduced the class-action mechanism to capital markets last year as part of efforts to crack down on corporate malfeasance and bolster investor confidence.
Although corporate fraud is not uncommon in China, retail investors have historically had little chance to make their voices heard. Small investors often likened legal action to ants fighting elephants.
Banned since 2019, Boeing 737 Max allowed to overfly India with DGCA nod
The DGCA stated Tuesday that the ban imposed on March 13, 2019 would not be applicable on foreign-registered 737 Max plane that want to overfly “the Indian airspace”. However, such a plane must have the permissions from “regulatory authority of the state of registry” as well as the DGCA.
Centre working to save lives, livelihoods, FM Sitharaman tells India Inc
She is learnt to have also sought feedback on the impact on businesses and the Indian economy.
Same time around last year, the outbreak had badly hit the economy, which contracted 23.9 per cent in the first quarter (April-June) compared to the previous fiscal year (2019).
Govt notifies draft rules for hiking FDI to 74 % in insurance sector
According to the draft rules, in an Indian insurance company having foreign investment exceeding 49 per cent not less than fifty per cent. of the net profit for the financial year have to be retained in general reserve, if the insurer’s solvency margin is less than 1.2 times the control level of solvency for a financial year for which dividend is paid on equity shares.
Not less than fifty per cent. of directors of such insurers will be independent directors, unless the chairperson of its board is an independent director, in which case at least one-third of its board shall comprise of independent directors.
Govt may hike pension sector FDI limit to 74%; Bill likely in next session
The powers, functions and duties of the NPS Trust, which are currently laid down under the PFRDA (National Pension System Trust) Regulations 2015, may come under a charitable trust or the Companies Act, they said.
The intent behind this is to keep NPS Trust separate from the pension regulator and managed competent board of 15 members. Out of this, the majority of members are likely to be from the government as they, including states, are the biggest contributor to the corpus.
Desist from exploiting COVID-19 situation: HC to IMA members
”In the time of the current crisis faced by the country following the second wave of COVID-19, their (associations’) members should desist from exploiting the situation by overcharging the affected persons,” the court said.
How can we vaccinate the world? Five challenges facing the UN-backed COVAX programme
The aim of the UN-backed COVAX scheme is to get two billion vaccine doses into the arms of around a quarter of the population of poorer countries by the end of 2021. What are the main challenges that need to be overcome, if this historic global effort is to be achieved?
World economy risks ‘dangerously diverging’ even as growth booms
For the year as whole, Bloomberg Economics forecasts growth of 6.9%, the quickest in records dating back to the 1960s. Behind the buoyant outlook: a shrinking virus threat, expanding US stimulus, and trillions of dollars in pent-up savings.
Much will depend on how fast countries can inoculate their populations with the risk that the longer it takes the greater the chance the virus remains an international threat especially if new variants develop. Bloomberg’s Vaccine Tracker shows while the US has administered doses equivalent to almost a quarter of its people, the European Union has yet to hit 10% and rates in Mexico, Russia and Brazil are less than 6%.
Health Minister Vardhan approves National Policy for Rare Diseases, 2021
“The Rare Diseases Policy aims to lower the high cost of treatment for rare diseases with increased focus on indigenous research with the help of a national consortium to be set up with the Department of Health Research, Ministry of Health and Family Welfare as convenor,” it said.
The policy also talks about the creation of national hospital based registry of rare diseases so that adequate data is available for definition of such diseases and for research and development related to rare diseases within the country, it said.
Govt proposes to establish alternate funding, increase assistance in new Rare Disease Policy Draft
Noting that India has close to 50-100 million people affected by rare diseases or disorders, the policy report said almost 80 per cent of these rare condition patients are children and a leading cause for most of them not reaching adulthood is due to the high morbidity and mortality rates of these life-threatening diseases.