Indian

Govt changes rules related to incorporation of companies

Jul 24, 2021

Section 16 relates to rectification of a company name subject to various conditions, including that the government may direct changing a firm’s name if it is identical with or too nearly resembles the name of an existing company. In case such a direction is issued, the same has to be implemented by the company concerned within three months.

About 620 products see price reduction after trade margin regulation on critical medical devices

Jul 24, 2021

With an aim of making the medical devices affordable during the evolving situation of COVID pandemic, it is felt necessary to regulate the trade margin on these medical devices, NPPA had said in its order.

18-plus beneficiaries may be vaccinated against Covid by Dec 2021: Centre

Jul 23, 2021

Asked if the government has decided to administer the COVID-19 vaccine to the entire population free of cost on priority basis and if so, the target fixed to administer the doses, the health minister said according to Revised Guidelines for Implementation of National COVID Vaccination Program, which came into effect from June 21, all citizens aged 18 years and above, irrespective of their income status, are entitled to free vaccination at all government vaccination centres.

Maharashtra landslides: PM Modi announces Rs 2 lakh ex gratia for next of kin of deceased

Jul 23, 2021

The Maharashtra government on Friday announced an ex-gratia of Rs five lakh each to the kin of people who have died in landslides triggered by heavy rains in different parts of the state.

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International

Trade conflicts could cause a loss of $700 bn to global economy:IMF Chief

Oct 9, 2019

“In 2019, we expect slower growth in nearly 90 percent of the world. The global economy is now in a synchronized slowdown,” Georgieva said in a speech ahead of IMF-World Bank autumn meetings next week.

Korean insurer plans to boost overseas investments to escape low-yield trap

Oct 8, 2019

As domestic yields slid, Korean insurers are putting more money offshore. Their holdings of foreign-currency securities almost doubled to 110.9 trillion won ($93 billion) as of July from three years ago, data from the Korea Life Insurance Association show

Munich Re invests $ 250m more in Next Insurance

Oct 7, 2019

This investment emphasises Munich Re’s commitment to be the leading provider of digital insurance solutions. It also helps Munich Re expand its footprint in the promising insurance market for small and medium-sized commercial customers in the United States. We are confident that building on our proven collaboration will benefit both Munich Re and Next Insurance,”Joachim Wenning, chairman, Munich Re

Axis Capital drops bid to cover Adani’s Australian coal mine project

Oct 5, 2019

“The Adani Group’s giant Carmichael coal mine is incompatible with international climate targets and AXIS is the 15th insurer and 58th financial institution to rule out support for this project,” said Peter Bosshard, coordinator of the Unfriend Coal campaign.

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