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Here is a masonry blog layout with no sidebarPhonePe receives insurance broking licence from IRDAI
With over 300 million registered users,Phone Pe’s ‘direct broking’ license will allow it to distribute insurance products from all insurance companies across India.
Gunjan Ghai, vice president & head of insurance at PhonePe said, “This licence is a big milestone in our insurance journey as this move to broking will give us further momentum and accelerate our growth in this space. We are building a robust, full-service platform for our deeply engaged customer base through products in partnership with high quality insurers.”
China limits children to 3 hours of online gaming a week
Covid-19 3rd wave could peak between Oct-Nov; intensity expected to be 1/4 of second wave
Manindra Agrawal, an IIT-Kanpur scientist who is part of the three-member team of experts that have been tasked with predicting any surge in infections, said if no new virulent emerges, then the situation is unlikely to change.
If the third wave peaks, the country may see only 1 lakh daily cases as against more than 4 lakh when the deadly second wave was at its peak in May. The second wave killed thousands and infected several lakh.
Major world cities shunning datacentres for sucking out power; India must rethink on Mumbai concentration: Microsoft exec
”Many of the developed cities, many of the developed countries have actually stopped building datacentres in those cities. Cities like Amsterdam, modern city like Ireland, extremely modern city like Singapore…they have almost stopped development of new datacentres in their cities. They are sucking out entire power of that city,” Rahul Dhar, country director, data centres, for Microsoft, said at an event organised by industry lobby CII.
RBI issues direction on compensation of private banks’ top officials
Covid treatment or booster Shot? Non-Vaccine aims to boost immunity
Fortunately, there’s another promising option: preventative Covid-19 treatments using monoclonal antibodies. These are lab-made proteins that boost the immune response to infection by binding to particular sites on the SARS-CoV-2 spike protein. The technique was developed over 35 years ago and more recently used against the Ebola virus.
India reports 45,083 new COVID-19 infections, Kerala logs 31,265 cases
FSDC meeting on Sep 3; to take stock of economy, financial sector
The Reserve Bank of India Governor, and the heads of the Securities and Exchange Board of India, Insurance Regulatory and Development Authority of India, Pension Fund Regulatory and Development Authority, and International Financial Services Centres Authority are also members of the FSDC.Sources also said that the finance minister may ask financial sector regulators to relax and harmonise investment norms for instruments like infrastructure investment trusts (InvITs) to be used to monetise public assets like highways, power and railway tracks.
Covid-19: DGCA extends suspension of international flights till Sep 30
International scheduled flights may be allowed on selected routes by the competent authority on case to case basis.
“This restriction shall not apply to international all-cargo operations and flights specifically approved by DGCA. However, International Scheduled flights may be allowed on selected routes by the competent authority on case to case basis,” further stated the circular.
Resting on climate action a $11 trillion opportunity for India: Deloitte Report
Over the next 50 years, the top five most impacted industries in terms of economic activity are expected to incur a significant share of climate-related loss.
These industries — services (government and private), manufacturing, retail and tourism, construction, and transport — currently account for more than 80 per cent of India’s GDP. Together, they form the basis of the country’s contemporary economic engine, it added.
Deloitte estimates that by 2070, these five industries alone would experience an annual loss in the value added to GDP of more than USD 1.5 trillion per year.
Pensioners’ body urges government to exempt pension from income tax
The body also referred to an apex court order where the Supreme Court had held that pension is valuable right vested in a government servant and that the right to receive pension is a property under Article 31 of the Constitution. If it is denied to an employee, a writ of mandamus could be issued to the state to properly consider the claim of the pensioner for payment of pension according to law, it added referring to the SC ruling.
Sports Minister Anurag Thakur launches Fit India Mobile App on National Sports Day
Subscribers joining NPS after 65 yrs of age can take up to 50 pc equity exposure
The Pension Fund Regulatory and Development Authority (PFRDA) has revised the guidelines on entry and exit following an increase in the maximum age for joining the NPS from 65 years to 70 years of age. The entry age for NPS has been revised to 18-70 years from 18-65 years.
Any Indian citizen and Overseas Citizen of India (OCI) in the age group of 65-70 years can also join NPS and continue up to the age of 75 years, according to a PFRDA circular on the revised guidelines.
Govt brings new ‘BH’ registration series for personal vehicles to ensure seamless transfer across states
”This vehicle registration facility under ‘Bharat series (BH-series)’ will be available on voluntary basis to defense personnel, employees of central government/ state government/ central/ state public sector undertakings and private sector companies/organisations, which have their offices in four or more states/union territories,” the Ministry of Road Transport and Highways (MoRTH) said in a statement. This scheme, it said, will facilitate free movement of personal vehicles across states/union territories of India upon relocation.
Govt extends deadlines for various I-T compliances, GST relief
While the income tax compliances, including filing of statement for equalisation levy and remittances, reporting by multinational enterprises etc, have been extended mainly due to difficulties in electronic filing on the new I-T portal, the deadline for GST amnesty scheme and also filing of GST return electronic verification code (EVC) have been extended until November 30 and October 31 respectively to assist taxpayers in the time of Covid-19 pandemic.
Global COVID-19 toll surpasses 4.5 million, US daily average for new cases increases
Climate Change: Insurers can afford to drop Oil and Gas—but many won’t
To date, just one insurer has promised to take “significant action” in this regard, according to analysts at Societe Generale SA.
Australia’s Suncorp was the first to announce it would no longer provide coverage for all new oil and gas production projects.While insurers (23 in all) have moved to end their underwriting of coal-related activities, they have been slow to act on oil and gas. That’s mainly because the insurance market for those fossil fuels is considerably larger, with estimated premiums of more than $17 billion in 2018, compared with $6 billion for coal power, said Peter Bosshard, program director at the Sunrise Project and global coordinator of Insure Our Future (IOF).
Japan’s Fukushima nuclear water to be released via undersea tunnel
The government decided in April to start discharging the water, after further treatment and dilution, into the Pacific Ocean in spring 2023 under safety standards set by regulators. The idea has been fiercely opposed by fishermen, residents and neighboring countries including China and South Korea.
The offshore discharge using a pipeline enclosed inside a concrete tunnel is an attempt to minimize the “reputational damage” that would occur if the contaminated water is released close to marine life off the Fukushima coast.