Indian

Cabinet may take up amendments to PFRDA Act soon; Bill in Winter session

Sep 12, 2021

The amendment Bill may contain provisions on separation of NPS Trust from PFRDA, hike in foreign direct investment (FDI) limit for the pension sector to 74 per cent from the existing 49 per cent, among others, sources said.

PSUs to be allowed to carry forward losses accumulated prior to divestment: CBDT

Sep 12, 2021

“Accordingly, loss incurred in any previous year prior to, and including, the previous year of strategic disinvestment shall be carried forward and set off by the erstwhile public sector company,” the CBDT under the Finance Ministry said in a statement

India reports 28,591 new coronavirus infections, 338 more deaths

Sep 12, 2021

The cumulative number of Covid vaccine doses administered in the country has exceeded 73.82 crore, according to the ministry.

Centre working to ensure tap water connection for every household by 2024: Shekhawat

Sep 12, 2021

Five crore tap water connections have been provided to households across states since the mission commenced in December 2019. The figure will soon cross 8 crores, he said.

As many as 1,10,000 villages have achieved 100 percent success in providing tap connections to households, Shekhawat said.

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International

UK to Spend £2.5B on Road Repairs; Potholes Cause 90% of Auto Insurance Claims

Mar 11, 2020

The finance ministry said damage from potholes accounted for 90% of motor insurance claims in the United Kingdom, as well as endangering cyclists and motorcyclists.

Coronavirus likely to trigger Pandemic Bond payouts to poor countries

Mar 11, 2020

The bonds were issued to raise money to help poorer countries respond to a pandemic. Boston-based private company AIR Worldwide Corporation determines whether a trigger event has occurred, based on an outbreak meeting a list of criteria in areas such as geographic spread, rate of growth and number of deaths.

In dramatic step, Trump restricts travel from Europe to US to fight coronavirus

Mar 11, 2020

After triggering confusion by suggesting that “trade and cargo” from Europe would also be banned, Trump was forced to clarify his statement with a tweet moments after the speech that “trade will in no way be affected” by the travel restriction.

“The restriction stops people not goods,” he said in the tweet.U.S. stock futures ESv1 slid further as the president spoke, down more than 4% and signaling another day of losses awaits Wall Street.

Seguros Unimed partners with dacadoo to provide digital health services in Brazil

Mar 10, 2020

Unimed is the largest Brazilian medical work cooperative and health insurance operator. It is considered the largest of its kind in the world, with more than 150,000 affiliated physicians, 386 Unimed branches and around than 18 million beneficiaries. The insurance arm Seguros Unimed is among the largest insurance carriers in Brazil, offering health, life and various other insurance products to its Unimed beneficiaries and affiliates physicians.

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