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Govt approves Rs 12461 crore budgetary support for cost of enabling infrastructure for Hydro Electric Projects
The government has been taking several policy initiatives to...
Govt clears ‘Mission Mausam’ with an outlay of Rs2,000 cr for transformative initiatives on climate-related science
The mission's focus will include improving observations and...
WHO likely to declare Ebola an international emergency: Experts
The Ebola virus epidemic in Western Africa was the most widespread outbreak of the disease in history, killing over 11,000 people and spreading to ten countries, including Liberia, Sierra Leone, Spain, and the United States
Rainfall deficiency hits 43%; Monsoon progress likely in next 2-3 days: IMD
By now, monsoon should have reached the central India, including parts of Madhya Pradesh, Rajasthan, eastern Uttar Pradesh and Gujarat, but it is yet to reach Maharashtra.
Boeing CEO concedes ‘mistake’ with planes in 2 fatal crashes
The U.S. Federal Aviation Administration has faulted Boeing for not telling regulators for more than year that a safety indicator in the Max cockpit didn’t work.
Pilots are angry the company didn’t tell them about the new software that’s been implicated in the crashes in Indonesia and Ethiopia that killed 346 people.
Oil tanker insurance costs to jump after Gulf attacks
The Joint War Committee, a group that advises insurers, designated the entire Persian Gulf and waters just outside it a so-called Listed Area after the incidents a month ago. The classification gives underwriters room to charge more. As of Thursday, owners were reluctant to send vessels to the region while there was also a dearth of cargoes, according to traders and shipbrokers involved in that market, who spoke on condition of anonymity.
Pan-India doctors go on day-long protest in solidarity with Kolkata medicos
After entire healthcare system in West Bengal was crippled over the past four days, now doctors’ in Delhi, Mumbai and other cities in India especially AIIMS hospitals in the national capital, Raipur, Patna and Punjab are observing protest shutdown. Resident doctors in several government hospitals in Kerala and Hyderabad also staged protests as they started their ‘cease work’ demonstrations in respective cities. Around 4,500 Maharashtra Association of Resident Doctors (MARD) stopped attending to patients in all the 26 government hospitals in the state simultaneously on Friday.
Uber, Lyft appeal for deal on driver status as independent contractors
Faced with legislation in California that endangers their business model, Uber Technologies Inc. and Lyft Inc. are urging a compromise that would keep their drivers from being considered employees. “We can make independent work better if we update...
RBI asks banks to grout ATMs to wall, pill or floor to enhance security
Based on the recommendations of the panel, the central bank has now issued instructions aimed at mitigating risks in ATM operations and enhancing security
“Tech and cyber dominate insurers’ horizon scanning of business risks”
Urgent need for business and technology modernisation poses the greatest threat to the global insurance industry according to the survey. At the heart of responses was the view that many sector players are weighed down by legacy business models and IT infrastructure that are poorly equipped to handle the changing demands of the industry.
Suspected attack on 2 oil tankers near Strait of Hormuz stokes fears of War
The prospects of a conflict have spiked since the Trump administration tightened in early May its sanctions on Iranian oil exports. Trump abandoned a year ago the 2015 deal that was meant to prevent Iran from developing a nuclear bomb and reimposed sanctions in a bid to force the Islamic Republic to rein in its military program and proxy militias. Facing economic catastrophe, Iran has threatened to retreat from the accord itself unless European parties throw it an economic lifeline.
EU says it’s ready for ‘Undesirable’ No-Deal Brexit, but some insurers are unprepared
The EU considers the Brexit deal, negotiated over 18 months, to be complete and not open to renegotiation. Departing Prime Minister Theresa May tried and failed three times to convince Parliament to approve it. The EU no-deal preparations are mainly unilateral measures. The bloc refuses to enter into “mini-deals” with the U.K. to help make no-deal Brexit easier.