Hima Kohli, Retired Supreme Court judge Justice "There is a...
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Banks struggle to mobilise deposits, C-D ratio hits 80%
Alternative investments and substantial cash holdings in the...
Odisha govt allows maternity, paternity leaves for those opting for surrogacy
According to the notification issued by the state Finance...
COVID-19 patients treated as untouchables once posters pasted on their homes, says SC
The bench had observed that when the Delhi government has agreed in the high court not to paste posters, why cannot the Centre come up with guidelines dealing with the matter for the entire country
Finmin asks PSU general insurers to cut flab; rationalise branches, other expenses: Sources
The finance ministry has asked these companies to cut the flab by rationalising branches and rein in other avoidable expenses like guest houses, etc, sources said.
Besides, sources said, they have been asked to expand their business through digital medium.
MHA guidelines: Local restrictions like night curfew allowed; Prior consultation with Centre needed for any lockdown outside containment zones
The state and UT governments will take all necessary measures to promote COVID-19 appropriate behaviour and to ensure strict enforcement of wearing of face masks, hand hygiene and social distancing. In order to enforce the core requirement of wearing of face masks, authorities may consider administrative actions, including the imposition of appropriate fines, on persons not wearing face masks in public and workspaces.
India plans to put off parliamentary session due to virus surging in Delhi
The government has begun making moves to delay the winter session of parliament, which usually begins in late November, to avoid the risk of the virus spreading between the hundreds of lawmakers, their staff, visitors and security personnel.
“The government will hold consultations with all the political parties and club the winter session with next year’s budget session,” a government official aware of the plans told Reuters. Parliament’s budget session usually opens at the end of January.
DIPAM looks to appoint consultant for govt share sale in banks, insurance cos
The consultant may be required to prepare background reports on the above sectors and may be assigned other role depending upon the requirements of DIPAM, the RFP said.
Experience in government accounting, government financial procedures and office procedures is desirable.
Biden names Kerry as U.S. climate envoy, emphasizing diplomacy’s role in the issue
Biden has pledged to reverse course on climate from President Donald Trump, who doubts mainstream climate science. Trump pulled the United States out of the 2015 Paris agreement on climate, and dismantled Obama-era climate and environmental regulations to boost drilling, mining and manufacturing.
While secretary of state under former President Barack Obama, Kerry, 76, called climate change “the world’s most fearsome weapon of mass destruction.” In travels from glaciers in Greenland to the Solomon Islands, Kerry has emphasized cooperation on tackling climate change.
$22 billion tech giant dream of China’s Ping An Insurance face headwinds
China’s tightening grip on fintech firms and an antitrust crackdown complicate Ping An’s bid to lift its valuation closer to those garnered by tech giants like Alibaba Group Holding Ltd. and Tencent Holdings Ltd. The Shenzhen-based finance firm, which gets three-quarters of its revenue from insurance, trades at about 10 times 2019 earnings; Alibaba’s ratio is six times higher.
Ping An has pledged to plow more than $22 billion into research from big data to blockchain to make it more “tech” than “fin,” while carving out some of its units through public listings to maximize value.
Govt clears appointment of 9 directors in PSU general insurance companies
The nine senior officials who will be now GM and directors are-Swami Balla for NIA, Anjan Dey for GIC Re,Deepak Prasad for GIC Re, Neera N Saxena for,NIC,Navneet Doda for NIC,Susmita Mukherjee for NIA,,Atul Jerath for OIC, Ravi Rai and Rajeev Chaudhury for UII.
Anjan Dey, general manager and director, who is currenly working with NIA and has more than two years of residual services,will be one of front-runner candidiates for the CMD post at OIC after SN Rajeswari joins as one of the members of the insurance regulatory body IRDAI.,
Pvt hospitals charged exorbitant fees for Covid-19 treatment:Par panel
“… Cost of health service delivery increased due to absence of specific guidelines for COVID treatment in private hospitals as a result of which patients were charged exorbitant fees,” the committee noted in the report.
Will finalise data protection law very soon: Ravi Shankar Prasad
Prasad said major global companies, including from India, have committed to invest close to Rs 11 lakh crore in the next five years and proposed to manufacture mobiles and components, out of which Rs seven lakh crore would be only for exports.