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International Conference On Disaster Resilient Infrastructure  to be held from 17 – 19 March 

ICDRI 2021 is a three-day interactive virtual conference • It will be held from 17 – 19 March 2021 • Prime Minister of India Narendra Modi is scheduled to make the inaugural speech for the event • ICDRI 2021 constitutes of a virtual exhibition – Marketplace • Online courses are being offered before, during and after the conference via Masterclass Register Now https://icdri.cdri.world/Register.html

Sebi proposes stricter rules on independent directors

The Securities and Exchange Board of India (SEBI) proposed that if listed companies in India wish to appoint or remove independent directors they should require the “dual approval” of shareholders and a majority of the company’s minority investors.

If either of the requirements are not met, a new person will not be appointed and existing independent directors can’t be removed, SEBI said in its proposal, which is open for public consultation until April 1.
Currently, only 51% shareholder approval is required for appointing or removing such directors in most cases, and no separate sign-off is needed from minority investors.

India’s Supreme Court says favours controls on video streaming services

“We are of the view there should be some screening of these types (of content). What they are showing? They are showing pornography also,” Supreme Court Justice Ashok Bhushan said.

Traditional film viewing in India, home to the thriving Bollywood industry, has changed as fewer people go to cinema halls and web series have become common, Bhushan said.

World’s 1st hybrid freezer for vax rolls out

Jayesh Ranjan, Principal Secretary, Government of Telangana for the Industries & Commerce (I&C) and Information Technology (IT), formally launched the new range of Covid-19 vaccines chillers, a simple plug and play standalone unit, powered by SolarMill, a hybrid (wind & solar) energy solution, manufactured by WindStream Energy Technologies ideal for remote areas where availability of electricity is not stable.

French families sue over extensive nursing home virus deaths

Their complaint focuses on multiple issues at French homes for the elderly and disabled during the first half of 2020. Those flaws included mask shortages for residents and staff; testing shortages; the use of a powerful sedative called Rivotril on some residents while homes were locked down; and opaque decisions on which residents received hospital treatment for the virus and which were left to suffer or die in their nursing homes.

Extreme weather events put $84 billion of Indian bank debt at risk

The banks flagged exposure to environmentally sensitive businesses including cement, coal, oil and power. They also listed the effects of cyclones and floods on loan repayments in farming and related sectors. Lenders accounted for 87% of the total risk, valued at about $97 billion, across 67 top Indian companies that responded to CDP.

RBI restricting banks from raising stakes in insurance firms: Report

Reserve Bank of India (RBI) rules allow banks to hold up to 50% stakes in insurers and on a selective basis equity holdings can be higher but must eventually be brought down within a certain period.

The central bank in 2019 unofficially advised banks seeking to acquire stakes in insurers, to limit such stakes to a maximum of 30%, and more recently directed them to cap stake purchases in insurers at 20%.

Centre allows all private hospitals to administer Covid-19 vaccine

“Private hospitals not empanelled under the above-mentioned three categories have also been permitted to operate as COVID Vaccination Centres (CVCs) if they have adequate number of vaccinators, adequate space for observation of the vaccinated, adequate cold chain arrangement and adequate arrangement for management of Adverse Events Following Immunisation(AEFI),” the statement said.

In addition to all the government health facilities, all private hospitals empanelled under the CGHS, the AB-PMJAY and the state health insurance schemes can function as CVCs, subject to them mandatorily adhering to certain norms, the statement said.