Advertisement
Indian
Fresh cyclonic circulation to bring heavy rainfall over east India from Sep 18-19
”A cyclonic circulation (is) likely to develop over north Bay of Bengal on September 17. It is likely to move west-northwestwards towards Odisha-West Bengal coast during the subsequent three days,” the IMD said.
”Rainfall activity is likely to increase over Odisha and Gangetic West Bengal with fairly widespread to widespread rainfall and isolated heavy falls over above areas on September 18-19,” it added.
Earlier this week, a deep depression brought heavy rainfall over Odisha and Chhattisgarh.
GST Council to meet on Friday; rate review, tax concession to 11 COVID drugs on cards
The Council, comprising central and state finance ministers, will deliberate on the proposal of extending the existing concessional tax rate structure on Amphotericin B, Tocilizumab, Remdesivir, and anti-coagulants like Heparin, till December 31, 2021, from the present September 30.
Tax rate on Amphotericin B, Tocilizumab was cut to ‘Nil’, while Remdesivir and Heparin were reduced to 5 percent in June 2021.
The Council on Friday may also discuss the proposal of reducing GST from 12 percent to 5 percent to seven more drugs till December 31, 2021. These are Itolizumab, Posaconazole, Infliximab, Bamlanivimab & Etesevimab, Casirivimab & Imdevimab, 2-Deoxy-D-Glucose, and Favipiravir.
Govt guarantee of Rs 30,600 cr to NARCL for acquiring stressed assets: FM
”It will incentivise quicker action on resolving stressed assets thereby helping in better value realization. India Debt Resolution Company Limited (IDRCL) will engage market expertise for value enhancement. This approach will also permit freeing up of personnel in banks to focus on increasing business and credit growth,” Finance Minister Nirmala Sitharaman said.
As the holders of these stressed assets and SRs, banks will receive the gains and the guarantee will also enhance liquidity of SRs as such these instruments are tradable, she added.
India records 27,176 fresh cases of COVID-19, 284 deaths
International
As U.S. virus cases exceed 100,000, doctors decry scarcity of drugs and equipment
US President Donald Trump on Friday invoked wartime Defense Production Act to force auto giant General Motors to manufacture ventilators, amid a supply shortage of the life-saving medical equipment in view of the mounting coronavirus cases. Price negotiations with the car company was taking time, Trump said. Trump signed a Presidential Memorandum directing the Secretary of Health and Human Services to use any and all authority available under the Defense Production Act to require General Motors (GM) to accept, perform, and prioritize federal contracts for ventilators.
Lloyd’s gears up to tackle COVID-19 crisis,returns to profitability after 3 yrs
Bruce Carnegie-Brown, Lloyd’s Chairman, said““The beginning of 2020 has proved exceptionally difficult as COVID-19 spreads rapidly around the world with devastating consequences for families, communities and the global economy. Now more than ever, our customers need us to be ready to support them through these challenging times. By focusing on performance management, modernising the market and creating a market culture that will attract the best and brightest talent, we are making the market more resilient, more successful and better placed to meet our customers’ needs.”
U.S. has most coronavirus cases in world, next wave aimed at Louisiana
Insurance for pandemics would require state help: British trade body
Briefs
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Events
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Advertisement
Articles
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Features
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Data
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Interviews
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Facts
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
