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SIRC  26

Indian

Depression crosses Odisha, hits over 20 lakh people and leaves 4 dead

Sep 15, 2021

The calamity has also caused severe damage to about 100 roads and left 25 villages marooned. As per preliminary reports received from districts there have been four human causalities ,including a three-year-old girl in a wall collapse in Ganjam in southern Odisha.

Indian law firms want higher fees to advise on LIC’s mega IPO

Sep 15, 2021

Government officials also recently called a few prominent law firms and urged them to join the IPO work, said three law firm partners familiar with the talks.

This week, the government relaxed its fee payment schedules, to offer a 50% payment after the draft IPO prospectus was filed.

LIC may be valued around $109-bn for its mega IPO

Sep 15, 2021

The government is considering selling a 5%-10% stake in the company, which could raise between Rs 40,000 crore and Rs 1 trillion, according to people with knowledge of the matter, who asked not to be identified as the matter is private.

The potential valuation is based on preliminary talks and may change after further discussions, due diligence and an official valuation report, the people said. A spokesperson for the finance ministry declined to comment.

Cabinet clears auto PLI scheme for EVs, hydrogen fuel cell vehicles

Sep 15, 2021

This PLI scheme for automotive sector along with the already launched PLI scheme for Advanced Chemistry Cell (Rs 18,100 crore) and Faster Adaption of Manufacturing of Electric Vehicles (Rs 10,000 crore) will enable India to leapfrog from traditional fossil fuel-based automobile transportation system to environmentally cleaner, sustainable, advanced and more efficient Electric Vehicles (EV) based system.

International

Tackling Covid-19: India proposes emergency fund for SAARC Nations

Mar 15, 2020

“We are assembling a Rapid Response Team of doctors and specialists in India, along with testing kits and other equipment. They will be on stand-by, to be placed at your disposal, if required. We had set up an Integrated Disease Surveillance Portal to better trace possible virus carriers and the people they contacted. We could share this Disease Surveillance software with SAARC partners, and training on using this. Looking ahead, we could create a common Research Platform, to coordinate research on controlling epidemic diseases within our South Asian region. The Indian Council of Medical Research can offer help coordinating such an exercise,” said Indian Prime Minister Narendra Modi

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