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Sitharaman favours once a year changes in GST rates
“I think we have laid the foundation for increasing consumption, ensuring that capex (capital expenditure) and government’s investments will go towards spending on building of assets in infrastructure which should have cascading effects both in the short term and in the long term,” Sitharaman told reporters.
WHO outlines steps to save 7 million lives from cancer
“This is a wake-up call to all of us to tackle the unacceptable inequalities between cancer services in rich and poor countries,” says Dr Ren Minghui, Assistant Director-General, Universal Health Coverage/ Communicable and Noncommunicable Diseases, World Health Organization. “If people have access to primary care and referral systems then cancer can be detected early, treated effectively and cured. Cancer should not be a death sentence for anyone, anywhere.”
Domestic passenger vehicle sales down 6.2% in Jan; car sales slide 8%: SIAM
Car sales last month were also down 8.1 per cent at 1,64,793 units as against 1,79,324 units in the January last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).Motorcycle sales last month declined by 15.17 per cent to 8,71,886 units from 10,27,766 units a year earlier,
China allocates $10.26 bn to fight Coronavirus,death toll jumps to 902
U.S. permits Startup Nuro to deploy up to 5,000 driverless delivery vehicles
The rollout of the R2 vehicle will take place in Houston, with plans for it to deliver items like pizza and groceries. It is about half the width of a regular car, has no steering wheel or seating positions and boasts gull-wing cargo doors reminiscent of the time-traveling car in the “Back to the Future” films.Nuro, a privately held robotics company based in Mountain View, California, said it will begin public road testing to prepare deliveries in Houston in the coming weeks.
New India Assurance bounces back to profitability, net profit at Rs 483 cr in Q3Fy 2019-20
“The company has reported encouraging results for the quarter despite a challenging macro environment. While the reporting quarter did not witness any major Cat losses, the crop segment was adversely affected due to unseasonal rains across the country,” said Atul Sahai, chairman cum managing director, NIA. .
ME’s $2 trillion wealth could just vanish in 15 years
Without decisive economic reforms, the richest Middle Eastern states could exhaust their net financial wealth by 2034 as the region becomes a net debtor, the fund projects. Within another decade, their total non-oil wealth would also be exhausted, the IMF said in the report prepared by a team of its Middle East and Central Asia specialists as well as the research department.
Records of payment cards of Indian banks are being sold for $9 apiece on Joker’s Stash
Novel coronavirus case numbers are now stabilising: WHO
IRDAI to expand its regulatory Sandbox project soon:Khuntia
“ We in Irdai have already allowed a regulatory sandbox regime because we do not know whether the (existing) regulations will be adequate for the new processes that these technologies will need.This is an experiment we we’ll allow for six months and up to one year.If we find that these are old processes which will help transactions and make life easier for the insurer as well as the insured without compromising on the policy holders protection, we will think of tweaking the regulations to make it happen.”
Most cities in India turning into ‘Urban Heat Islands’: warns IIT Study
FinMin expects at least 80% of taxpayers to move to new tax regime
FinMin working on FRDI Bill but not sure when it will be tabled, says FM
IPO bound LIC to start valuation exercise soon, assets increases by 8% to Rs 32,25,905 cr till Jan end
On the proposed initial public offer (IPO) , MR Kumar said that, there are lot of figures floating around the market capitalization and size of IPO. “We have not done the maths. Unless we do our internal discussion and maths, I dont think we would be able to answer that today. Valuations has to be reasonably, scientifically and lot of work has to be done,”he said.
Max Life’s net profit at Rs 154 cr, up 92 % in Q3 FY2020
No proposal to link social media profiles with Aadhaar, govt tells Lok Sabha
RBI holds rates steady, raise deposit insurance rate marginally
The RBI has also decided to increase the insurance cost of bank deposits as the cover will be increased to Rs 5 lakh from Rs 1 lakh which was earlier announced by finance minister Nirmala Sitaraman in Budget 2020. The cost will be increased by 2 paise from 10 paise to 12 paise for a deposit of Rs 100 which wouldn’t increase the costs of the bank