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Govt waives import duty on raw materials for Covid test kits, APIs for Amphotericin B

by AIP Online Bureau | Jul 13, 2021 | Health, Indian News, Non-Life, Pandemic, Policy

  New Delhi: The government has exempted basic customs duty on imports of specified API/ excipients for Amphotericin B and raw materials for manufacturing Covid test kits. In a notification dated July 12, the Finance Ministry said the basic customs duty exemption...

CMs of north-eastern states share concerns regarding Covid with PM

by AIP Online Bureau | Jul 13, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: The Prime minister Narendra Modi on Tuesday took stock of Covid situation with chief ministers of the north-eastern states and praised them for building infrastructure to combat COVID-19. All the chief ministers acknowledged that the PM Care Fund has...

Govt sets up Asset Reconstruction Company to free up banks for credit push

by AIP Online Bureau | Jul 13, 2021 | Eco/Invest/Demography, Indian News, Life, Non-Life

  Mumbai: India formally set up a bad bank as part of the nation’s ongoing efforts to remove one of the world’s largest piles of soured debt from the balance sheet of financiers and accelerate lending. The firm was registered as the National Asset...

Banks explore option of invoking personal guarantee of promoters

by AIP Online Bureau | Jul 13, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

New Delhi: Armed with Supreme Court order, banks may invoke personal guarantees of tycoons ranging from Venugopal Dhoot to Kapil Wadhawan to recover unpaid loans from their delinquent firms, sources said Monday. According to an estimate, top 10 personal guarantors...

‘Tremendously off track’ to meet 2030 SDGs: UN chief

by AIP Online Bureau | Jul 13, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, International News

  UN: "High costs, coupled with persistently high levels of poverty and income inequality, continue to keep healthy diets out of reach for around three billion people, in every region of the world", added António Guterres, in a statement...
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