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Institutional investors put in bids worth Rs 2,300 cr for GIC Re OFS
Based on indicative price of Rs 395.03 for the bids, institutional...
Govt to pay for treatment of road accident victims of uninsured vehicles
Earlier, the General Insurance Council (GI Council), the official...
Decide corruption cases in time involving retiring bank, govt officials: CVC
“Further, it was also conveyed that all such retirement cases should be received by the first week of the month of superannuation of the officer(s) concerned,” said the directive, issued to secretaries of central government departments and the chairman and managing directors of public sector banks, undertakings and autonomous organisations.
MHA extends nationwide lockdown till May 31,new guidelines issued
In the new norms, the MHA has also clarified that states to make final call on passenger movement/zoning during. However it has now permitted inter-state movement of passenger vehicles and buses, provided that consent is given by all states/UTs involved. States/UTs have been given the authority to decide on the intra-state movement of passenger vehicles and buses.
It has further prohibited activities like domestic/international air travel, metro rail services, schools/colleges and other educational institutions, hotels/restaurants and other hospitality services except for those housing emergency service workers or being used as quarantine facilities. Restaurants will be allowed to operate kitchens for home delivery of food items.
BBB to interview 5 sr GMs on May 11 to select CMD of Orientel Insurance
The general mangers who have been shortlisted by the ministry of finance(MoF)are-SN Rajeswari,New India Assurance(NIA) Dinesh Waghela(OIC), Sobha Reddy, National Insurance Company(NIC),Deepak Godbole,GIC Re, Madhulika Bhaskar, GIC Re.
COVID-19 Pandemic:“None of us is safe until all”says UN Chief
“Comprehensive, coordinated public health measures are critical to slow transmission and to save lives. But even countries that have taken such steps remain in jeopardy. And the virus is still likely to strike many countries that are least able to cope. In an interconnected world, none of us is safe until all of us are safe,” UN Secretary-General Antonio Guterres said
Trump administration pushing to rip global supply chains from China: officials
“We’ve been working on [reducing the reliance of our supply chains in China] over the last few years but we are now turbo-charging that initiative,” Keith Krach, undersecretary for Economic Growth, Energy and the Environment at the U.S. State Department told Reuters.
The pandemic has highlighted China’s key role in the supply chain for generic drugs here that account for the majority of prescriptions in the United States. It has also shown China’s dominance in goods like here the thermal cameras needed to test workers for fevers, and its importance in food supplies.
Indian govt brushes off Indian tax officers’ proposal for coronavirus tax on super rich
Finance Ministry sources said that neither IRS Association nor any group of officers mentioned in report were ever asked by the government to give any report on the subject. It was not part of their duty to prepare such a report and taking personal views to the media constituted an act of indiscipline, the sources said.
The report, dated April 23, said that “In times like these, the so called ‘super rich’ have a higher obligation towards ensuring the larger public good”. It also suggested a surcharge for foreign companies with a permanent establishment in India.
Australia will make it a crime to use coronavirus tracing data for non-health purposes
The federal government has said existing “social distancing” measures will remain until at least mid-May, and that its willingness to relax them will depend on whether people download the smartphone “app” to identify who a person with the illness has had contact with.
The tracing app, which is yet to be released, has raised concerns from legal and privacy advocates who have said the location data it collects may be used by unrelated bodies like law enforcement agencies.
Govt approval must for all FDIs from neighbouring countries including China
The note states: “A non-resident entity can invest in India, subject to the FDI Policy except in those sectors/activities which are prohibited. However, an entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the Government route.”
The new rules will also apply to ‘the transfer of ownership of any existing or future FDI in an entity in India, directly or indirectly,’ the DPIIT has said.
Health and motor insurance renewal date further extended till May 15
“With a view to mitigate hardship to policyholders whose health&motor (3rd party) insurance policies are due for renewal during lockdown, Govt. has issued a notification allowing policyholders to make payments on or before 15.05.2020 towards renewal of their policies,” said Finance Minister N Sitharaman .
Nationwide lockdown extended till May 3:PM Modi
“There will be strict vigil till April 20.States which will not let hotspots increase, they could be allowed to let some important activities resume, but with certain conditions Relaxation may be given in safe areas post April 20,” PM Modi said.