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FPIs withdraw Rs 85,790 cr from equities due to Chinese mkt valuation
Looking ahead, the trajectory of global events like geopolitical...
Aadhaar Card not valid document for determining age of a road accident victim to grant compensation: SC
The top court was hearing an appeal filed by kin of a man who died...
BBB to interview 5 candidates on Jan 4 to select CMD of Oriental Insurance Company
The shortlisted candidates who will be appearing for the interview for OIC CMD post are – Anjan Dey, director and general manager, GIC Re, Shobha G. Reddy, general manager,National Insurance Company(NIC), M. Bhaskar, general manager GIC Re, Suchita Gupta, GM, GIC Re, Surya Swaroop Saxena, GM, Agriculture Insurance Company of India.
Brexit ends Britons’ right to live and work in EU
Under the divorce deal agreed by the two sides on Dec. 24, the roughly 1 million British citizens who are legal residents in the EU will have broadly the same rights as they have now. The same applies to more than 3 million EU citizens living in the U.K.
But British citizens will no longer have the automatic right to live and work in the EU, and vice versa. People who want to cross the border to settle will have to follow immigration rules and face other red tape such as ensuring their qualifications are recognized.
Health ministry releases communication strategy to support Covid-19 vaccine rollout
“The communication strategy that supports the Covid-19 vaccines rollout in India seeks to disseminate timely, accurate and transparent information about the vaccine(s) to alleviate apprehensions about the vaccine, ensure its acceptance and encourage uptake,” it said.
According to the document, the strategy aims at managing and mitigating any potential disappointment expressed by unmet demand for the vaccine or ‘eagerness’ amongst people and addressing vaccine ‘hesitancy’ that could arise because of apprehensions around vaccine safety, efficacy apart from any other myths and misconceptions.
Our mantra for 2021 is ‘dawai bhi aur kadaai bhi’: PM Modi
“We started working holistically in the health sector. While we stressed on preventive care, on one hand, we also gave priority to modern treatment facilities,” he added. In the last six years, 31,000 new seats have been added in MBBS and 24,000 new seats have been added in post-graduate courses. India is moving towards wholesome changes in the health sector, the Prime Minister stated.
MHA issues fresh Covid-19 guidelines over UK virus variant, says need to be vigilant
“Strict vigil is also needed to be maintained to prevent any fresh surge in cases in wake of upcoming New Year celebrations and ongoing winter season which are favourable for the spread of the virus. In this regard, appropriate measures may be taken by the state and UT governments,” it said on Monday.
Govt extends validity of vehicle documents like DL, RC, permits till Mar 31
“The Union Ministry of Road Transport and Highways has extended the validity of vehicular documents like DLs, RCs, permits etc till March 31, 2021 in the light of need to prevent spread of COVID-19. Ministry has today issued a directory to the states and Union Territory administrations in the regard,” a MoRTH statement said.
Earlier through various notifications, it was advised that the validity of fitness, permit (all types), licence, registration or any other concerned document(s) may be treated to be valid till December 31, 2020.
Brexit offers Britain chance to do financial services differently -minister
Under a system known as equivalence, access to EU markets will not be granted to banks, insurers and other financial firms based in Britain unless their home rules are deemed by Brussels to be “equivalent”, or as robust as regulations in the bloc.
The two sides will aim to agree a memorandum of understanding on regulatory cooperation in financial services by March 2021, and Sunak said that such language should provide reassurance.
Over 4.15 cr ITRs for fiscal 2019-20 filed till Dec 26
”More than 4.15 crore Income Tax Returns for AY 2020-21 have already been filed till 26th of December, 2020. Hope you have filed yours too!,” the department tweeted.
This includes over 2.34 crore taxpayers filing ITR-1, over 89.89 lakh filing ITR-4, over 49.72 lakh ITR-3 and over 30.36 lakh filing ITR-2.
China launches antitrust probe into tech giant Alibaba
It follows China’s dramatic suspension last month of Ant’s planned $37 billion initial public offering, which had been on track to be the world’s largest, just two days before shares were due to begin trading in Shanghai and Hong Kong.
In a strongly worded editorial, the ruling Communist Party’s People’s Daily said that if “monopoly is tolerated, and companies are allowed to expand in a disorderly and barbarian manner, the industry won’t develop in a healthy, and sustainable way”.
EU trade deal brings little progress for UK’s giant financial sector
The City of London finance hub secured no special treatment, leaving it on a par with arch rival New York 3,500 miles away as the EU seeks to reduce reliance on UK financial services.
Brussels has only granted financial market access, known as “equivalence”, for two financial activities from Jan. 1, when Britain will have left the EU’s single market.
The Bank of England has said there could be disruption in markets if no further access is allowed.
Just minutes after Britain and the EU hailed their agreement on trade, the bloc’s executive said it wanted a “series of further clarifications” on how Britain will diverge from EU rules after Dec. 31.