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Prospects of economy expected to improve in 2025: RBI Governor
"We continue to secure and anchor public trust and confidence to...
High employee attrition of 25% in private banks pose operational risk: RBI
"High attrition and employee turnover rate pose significant...
A few Covid vaccine recipients developed a rare blood disorder
It is not known whether this blood disorder is related to the Covid vaccines.
More than 31 million people in the United States have received at least one dose, and 36 similar cases had been reported to the government’s Vaccine Adverse Event Reporting System, VAERS, by the end of January. The cases involved either the Pfizer-BioNTech or Moderna vaccine, the only two authorized so far for emergency use in the United States.
South Africa suspends AstraZeneca vaccine drive
“The AstraZeneca vaccine appeared effective against the original strain, but not against the variant,” Mkhize said. “We have decided to put a temporary hold on the rollout of the vaccine … more work needs to be done.”
About a quarter of direct tax litigations getting resolved via ”Vivad Se Vishwas”
The scheme provides for settlement of disputed tax, disputed interest, disputed penalty or disputed fees in relation to an assessment or reassessment order on payment of 100 per cent of the disputed tax and 25 per cent of the disputed penalty or interest or fee.
The taxpayer is granted Immunity from levy of interest, penalty and institution of any proceeding for prosecution for any offence under the Income-tax Act in respect of matters covered in the declaration.
Oxford kept Covid-19 vaccine trial volunteers in dark about dosing error, letter shows
Questions surrounding the clinical trials continue to plague the vaccine. Last week, Germany’s vaccine committee recommended it should only be given to people aged under 65, while the EU, which authorized it on Friday for people aged 18 and over, lowered its reported efficacy rate from 70.4% to 60%. In both cases, authorities cited a lack of sufficient data from the clinical trials.
Exxon unveils carbon-removal tech venture in green image push
The move comes as Exxon looks to burnish its environmental credentials as it engages in a proxy fight with hedge fund Engine No. 1, which is attempting to appoint candidates on the oil company’s board and push toward a more renewables-focused future.
The oil major said it would invest $3 billion on lower-emission solutions through 2025, by which time it plans to reduce the intensity of its oilfield greenhouse gas emissions by 15%-20% from 2016 levels.
Police seize $60 million of bitcoin! Now, where’s the password?
Bitcoin is stored on software known as a digital wallet that is secured through encryption. A password is used as a decryption key to open the wallet and access the bitcoin. When a password is lost the user cannot open the wallet.
‘Playing with fire’: Twitter’s India snub sparks debate on compliance, free speech
Twitter initially complied but later restored most of the accounts, citing “insufficient justification” to continue the suspensions. The technology ministry warned the company, in a letter seen by Reuters, of legal “consequences” that could include fines or jail, saying the government was not required to justify its demand to ban accounts.
More at risk of losing homes as climate change outpaces response, Fiji warns
Mami Mizutori, who leads the U.N. Office for Disaster Risk Reduction said globally, there had been a notable reduction in the loss of life caused by extreme weather events like storms and floods, as governments stepped up efforts over the past five years to evacuate millions of people to safer places. But the number of people affected by disasters remained “chronically high”, with displacement one of the harshest consequences, pushing many into crowded city slums or to other countries where they do not always get a friendly reception.
Only about 100 countries have so far put formal strategies in place to cut the risk of disasters, she said. Such plans can include things like early warning systems, stronger building codes and a ban on construction in flood-prone areas.
RBI unveils ‘One Nation One Ombudsman’ for grievance redressal of financial consumers
The RBI has said major payment system operators in the country would be required to facilitate setting-up of a centralised industry-wide 24×7 helpline for addressing customer queries in respect of various digital payment products and give information on available grievance redress mechanisms by September 2021.
Unequal allocation of vaccines could cost the world economy $9.2 trn
“With the virus mutating, no country is safe until the whole world is inoculated and achieves herd immunity,” said Chua Hak Bin, senior economist at Maybank Kim Eng Research Pte in Singapore.