Parts of Kerala are among those most at risk globally for outbreaks...
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Maha ends Rs3000 cr health insurance contract with United India in 2 months without any notice and reasons
United India Insurance, which has been the health insurer to...
GST Council forms GoM to review tax rate on insurance; report by Oct 30
The Terms of Reference (ToR) of the newly formed panel also include...
Govt staff can submit several bills to avail LTC voucher scheme benefit
“As far as possible, the claim should be made and settled well before March 1, 2021 to avoid any last minute rush and resultant lapse”according to the Finance Ministry.
Deadline to file income tax return extended by a month till December 31
For those taxpayers whose accounts need to be audited, the Income-Tax Return filing deadline has been extended by two months till January 31, 2021.
London must ‘seize the moment’ to maintain global leadership amid COVID-19 pandemic:Report
Britain accounted for nearly a third of financial activity in the European Union, which it left last January, and will no longer have to comply with its rules after Dec. 31.
New Financial said in its study “Beyond Brexit,” supported by Barclays bank, that leaving the EU would be a seismic change and involve significant disruption for the banking and finance industry’s relations with the bloc.
Meity to seek Cabinet approval for policy on AI-based programmes
“We look at artificial intelligence not from the viewpoint of driverless cars but from solving problems of people and how we can socially empower them through AI. We will make AI a moment in India,” Niti Aayog CEO Amitabh Kant said.
National Strategy for Artificial Intelligence (NSAI) highlighted the potential of Artificial Intelligence (AI) in boosting India”s annual growth rate by 1.3 percentage points by 2035 and identified priority sectors for the deployment of AI with government”s support.
Centre in SC agrees to waive compound interest on loans up to Rs 2 cr for six-months
In an affidavit filed by Union finance ministry on behalf of the Union of India, it said that the relief to all borrowers in respect of compounding of interest during the period of moratorium would be admissible to the categories specified irrespective of whether the borrowers had availed the moratorium or not.
The government, therefore, has decided that the relief on waiver of compound interest during the six-month moratorium period shall be limited to the most vulnerable category of borrowers. This category of borrowers, in whose case, the compounding of interest will be waived, would be MSME loans and personal loans of up to Rs 2 crore, it said.
India open to launching own app store as start-ups criticise Google – government source
India already runs a mobile app store that lists over 1200 mainly government-backed applications, but also Paytm, and the government could also consider expanding that instead of starting from scratch, the official added.
Govt may sell 25% stake in LIC in phases
As part of the proposal, the government will also move an amendment in parliament for an authorized capital of Rs 20,000 cr which will be divided into 20 billion shares, the people said.
A ministerial panel set up for asset sales will decide on the size of the public offering while the cabinet will consider changes to capital structure of the insurer, the people said. Taking the insurer public will help instill “discipline” and unlock value, Finance Minister Nirmala Sitharaman had said in her budget speech in February, without providing details or the time line for the sale.
Govt looks to implement all 4 labour codes in one go by December: Gangwar
The draft rules of the three codes on industrial relations, social security and occupational safety, health and working conditions are likely to be circulated by the first week of November for feedback.
The labour ministry is expected to finalise and implement rules of the three codes along with already firmed wage code rules by December this year. Thereafter, these four codes would become law of land to complete game-changing labour reforms in the country.
Talking to PTI, Labour Minister Gangwar said, “Government is doing all efforts to complete the labour reforms by implementing the all four labour codes by December this year…”
Global leaders at UN meet: If virus does not kill us, climate change will
With Siberia seeing its warmest temperature on record this year and enormous chunks of ice caps in Greenland and Canada sliding into the sea, countries are acutely aware there’s no vaccine for global warming.
“We are already seeing a version of environmental Armageddon,” Fiji’s Prime Minister Frank Bainimarama said, citing wildfires in the western US and noting that the Greenland ice chunk was larger than a number of island nations.
Primary healthcare focus area of govt: Kant
Niti Aayog CEO Amitabh Kant said by increasing spending on healthcare, reducing out of pocket expenditure and ensuring availability of qualified doctors, India can provide a continuum of care.
Puducherry Lieutenant Governor Kiran Bedi, Kant further said the Pradhan Mantri Jan Arogya Yojana (PMJAY), which is a digital, portable and cashless health insurance scheme, is one of the most remarkable steps in this direction.