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Here is a masonry blog layout with no sidebarRajya Sabha passes bill to raise FDI in insurance to 74%
“Majority of directors in the board and key management persons to be resident Indians which means every law of the land will be applicable on them. And a specific percentage of the profits is to be retained as general reserves. It cannot be (taken away),” Sitharaman said
India received FDI worth Rs 26,000 crore in the insurance sector after 2015 when the foreign investment limit was raised to 49 per cent from 24 per cent.
Pandemic pushes 32 million Indians out of middle class, says Pew Research
“India is estimated to have seen a greater decrease in the middle class and a much sharper rise in poverty than China in the COVID-19 downturn,” the Pew Research Centre said, citing the World Bank’s forecasts of economic growth.
Nearly 57 million people had joined the middle income group between 2011 and 2019, it added.
Nearly 40k coronavirus cases in India: Govt
Ebola infects 30, kills 15 in Guinea, DRC
EU regulator: Astra jab benefits outweigh risks
The European Medicines Agency (EMA) said it was investigating reports of 30 cases of unusual blood disorders out of 5 million recipients of the AstraZeneca vaccine. In total, 45 million Covid shots have been delivered across the region.
The EU regulator will release its findings on Thursday but its head, Emer Cooke, said she saw no reason to change its recommendation of AstraZeneca — one of four vaccines that it has approved for use.
Coronavirus variants likely evolved inside people with weak immune systems
If true, the idea has implications for vaccination programs, particularly in countries that have not yet begun to immunize their populations. People with compromised immune systems — such as cancer patients — should be among the first to be vaccinated, said Dr. Adam Lauring, a virus expert and infectious disease physician at the University of Michigan. The faster that group is protected, the lower the risk that their bodies turn into incubators for the world’s next supercharged mutant.
Facebook to help 50 million people get vaccines, to add labels to fake posts
Magma Fincorp to sell stake in insurance venture Magma HDI in Rs 525-cr deal
Following the latest Rs 525 crore-transaction, the Poonawalla Group will become the main promoter with around 30 per cent direct and indirect stake in Magma HDI while HDI will be the single largest shareholder with 17.1 per cent stake. HDI’s remaining stake will be offloaded through a secondary sale.
ICICI Venture will become the third largest shareholder with 16.7 per cent in Magma HDI.
With 28,903 new cases, India records highest daily spike this year
Buffett’s Berkshire opposes shareholders’ climate change, diversity proposals
Berkshire also said Buffett’s compensation in 2020 totaled $380,328, comprising his usual $100,000 salary plus $280,328 for personal and home security.
Though Buffett’s salary is low for a chief executive of a major company, his 16.2% stake in Berkshire was worth about $98.2 billion as of Friday.
Citing its decentralized model, Berkshire said the climate proposal from the California Public Employees’ Retirement System, Federated Hermes and Caisse de Dépôt et Placement du Québec was unnecessary, and that many businesses’ climate decisions already made “great sense” for the environment.
Subscribers under NPS, APY schemes rise 22 pc to 4.15 crore at Feb-end
Airlines face headache over ‘use-by’ date on some jet parts as pandemic grounds fleets
India considers net zero goal around 2050, a decade before China
Once the US adopts a widely anticipated net-zero goal, nine of the 10 largest economies will have made pledges to neutralise emissions.
If India does so, too, it would mark a significant step toward the Paris Agreement aspiration of keeping average temperatures from rising more than 1.5 deg C above the pre-industrial period.
Vaccine nationalism may hit WHO’s 2021 goal of 2 bn doses: Adar Poonawalla
Poonawalla’s comments highlight the continuing challenge of vaccine inequality that threatens to prolong the pandemic after richer nations raced to stockpile supplies. Few African nations received a single shipment of shots before March, while more than 20% of the population in countries including Israel, the U.K., Bahrain and the U.S have received at least one shot.
Have to take quick and decisive steps to stop the second peak of coronavirus cases in the country: PM Modi
In a virtual interaction with state chief ministers over the pandemic situation and the ongoing vaccination drive, Modi said in states like Maharashtra, Punjab and Madhya Pradesh the number of COVID cases has seen a rise while nearly 70 districts in the country have have seen an increase in the positivity rate by over 150 per cent of late.