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DICGC to pay depositors of two co-operative banks in August

by AIP Online Bureau | Jul 3, 2022 | Banking & Bancassurance, Indian News, Regulation

Eligible depositors of Shankarrao Pujari Nutan Sahakari Bank will get the payment on August 10, and those of Harihareshwar Sahakari Bank on August 28, according to a DICGC circular DICGC, a wholly-owned subsidiary of the RBI, provides an insurance cover of up to Rs 5...

Karnataka govt approves setting up of 438 ‘Namma Clinics’

by AIP Online Bureau | Jul 3, 2022 | Health, Indian News, Non-Life, Policy

”We have permitted the start of 438 U-HWCs called Namma Clinic in Karnataka that we had announced in the budget under the 15th Finance Commission grants. Accordingly, we have given sanction for appointment of 438 doctors, equal number of nurses and second...

New ‘alarming’ sub-variant of Omicron in 10 Indian states: Israeli expert

by AIP Online Bureau | Jul 3, 2022 | Health, Indian News, Pandemic

In a series of Tweets, Dr. Shay Fleishon, with the Central Virology Laboratory at Sheba Medical Center in Tel Hashomer, said that 85 sequences from eight countries have been uploaded so far on Nextstrain, an open-source platform of genomic data. This included 69 from...
Big tech firms offering financial services pose risk to financial stability: RBI

Big tech firms offering financial services pose risk to financial stability: RBI

by AIP Online Bureau | Jul 2, 2022 | Eco/Invest/Demography, Indian News, Regulation, Technology

FinTech innovations are ubiquitous, especially in retail and wholesale payments, financial market infrastructures, investment management, insurance, credit provision, and equity capital raising, and may lead to material changes in the financial landscape, it said....
India’s monsoon rains cover entire country but still down on average

India’s monsoon rains cover entire country but still down on average

by AIP Online Bureau | Jul 2, 2022 | Eco/Invest/Demography, Indian News

India is likely to receive monsoon rainfall between 94% and 106% of the long-term average in July, the most crucial month for planting rice and a host of other summer crops such as corn, cotton, soybean and sugarcane, the India Meteorological Department had said on...
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