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Experts welcome Union Health Ministry’s draft Bill on passive euthanasia
The guidelines also lay out conditions such as if the individual...
EU privacy regulator fines Meta €91M over password storage in GDPR violation
The inquiry was opened five years ago after Meta notified Ireland’s...
No decision to discontinue printing of Rs 2,000 banknotes: MoS Finance Thakur
Detailing about the denomination of lower-value currencies in circulation as on March 5, he stated that there are 19,624.77 million pieces of Rs 100 notes valued at Rs 1.96 lakh crore; 8,556.84 million for Rs 50 notes valued at Rs 42,784.20 crore; Rs 20 and Rs 10 denomination notes were valued at Rs 16,619.60 crore and Rs 30,510.79 crore, respectively.
Europe ‘panicking’ over India’s pharmaceutical export curbs: Industry group
The government’s list of 26 active pharmaceutical ingredients (APIs) and medicines accounts for 10% of all Indian pharmaceutical exports and includes several antibiotics, such as tinidazole and erythromycin, the hormone progesterone and Vitamin B12.
Punjab to reduce govt employees retirement age to 58 yrs
“The retirement age of government employees has been reduced from 60 to 58 years. With this, we will be able to provide employment to three to four times the number of people who retire. We will also be able to get more talented pool of young people to serve Punjab, Badal said while addressing media later.
Mega bank merger on track, says Sitharaman amid worry over April 1 deadline
“We are also conscious of extra load on them [banks] in terms of the kind of demands that I put on them. I have asked them to reach out to 400 districts, I have asked them to reach out to MSMEs, restructure their loan. So there is a lot of core banking work, which they are undertaking. I must be conscious of that also. So the merger and the decision taken by respective banks boards are all well taken. We are going as per schedule on that. There is no uncertainty on that. I am on course. There need not be speculation,” she said after unveiling EASE 3.0, the Public Sector Bank (PSB) Reforms Agenda 2020-21 for smart, tech-enabled banking, and the PSB EASE Reforms Annual Report 2019-20.
Govt revises rules for enhanced disclosures in auditor reports of companies
Among other requirements, a specific format has been prescribed for auditors to report the period and the amount of default by the company in repayment of loans or other borrowings or in the payment of interest thereon to any lender.
Govt allows firms to list global depository receipts at IFSC
A depository receipt is a foreign currency denominated instrument, listed on an international exchange, issued by a foreign depository to a domestic custodian and includes GDRs.
New optional tax regime could adversely affect dwindling savings:Experts
-According to reports, over the past six years, India’s savings rate has been considerably declining. In 2012, the overall saving rate in India was around 36 per cent but it is now down to 30 per cent.
-The finance ministry expects at least 80 per cent of the taxpayers to move to the new income tax regime, Revenue Secretary Ajay Bhushan Pandey had earlier said.
6-7% LIC stake dilution enough to mop up ₹90,000 crore: CEA KV Subramanian
“There are legislative amendments required here in LIC. But I think this (LIC listing) is doable. LIC is a just a case of listing. I would think that about 6-7 per cent would be enough to get the entire ₹90,000 crore. I have done some back of the envelope calculations based on that… can say that just selling 6-7 per cent will be enough to mop up ₹90,000 crore,’
Debasish Panda appointed financial services secretary
The Appointments Committee of the Cabinet (ACC) has approved his appointment as secretary, department of financial services, in place of Rajiv Kumar, who superannuates this month-end, a personnel ministry order said.
Panda, a 1987-batch IAS officer of the Uttar Pradesh cadre, is at present special secretary, department of financial services.
Bill Coen appointed chair of the IFRS Advisory Council
The new Advisory Council Chair will have three priorities. First, to provide leadership and set the agenda for the 2020 meetings; second, to assess for the Trustees of the Foundation any relevant changes that may be warranted in the role and composition of the Advisory Council; and third, to position the Council through any transition.