SIRC 26
Indian
Will take all measures to eliminate use of crypto-assets: Govt
In a written reply to the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary also said the government will explore the use of block chain technology proactively for ushering in digital economy.
”The government does not consider crypto-currencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system,” he said.
Max Financial Services net profit falls 80 pc to Rs 36 crore in Jun qtr
The company’s subsidiary Max Life reported a 32 percent jump in new business premium during the quarter at Rs 875 crore, as against Rs 661 crore in the year-ago period.
The renewal premium income (including group) rose 21 percent to Rs 2,244 crore, taking the gross written premium to Rs 3,484 crore, a spurt of 27 percent over the first quarter of the previous fiscal, the company said.
Economic impact of 2nd COVID-19 wave likely to be muted; visible signs of eco rejuvenation: FinMin
The latest Monthly Economic Review, released by the finance ministry, said the ”robust recovery in tax collections cushions the fisc towards meeting the budgeted support to the economy”.
It also said the recent sero-prevalence results signify that India can reduce the likelihood of severe illness due to COVID-19 if the country sustains the momentum of the vaccination programme.
”Having antibodies reduces the probability of acquiring serious illnesses, as is borne by studies. So, any subsequent waves are expected to be mild in terms of severity of disease,” the ministry said in the report.
Covid-19 R-value more than 1 in 5 states, it’s cause for concern: Govt
At a press briefing on the pandemic, officials said the reproduction number or R number that indicates the speed at which COVID-19 is spreading is more than 1 in five states — Himachal Pradesh, Punjab, Gujarat, Madhya Pradesh and Uttar Pradesh — which remains a cause for concern.
Andhra Pradesh, Goa and Nagaland have their reproduction number at 1, Joint Secretary in the Union Health Ministry Lav Agarwal said.
For India, it is around 1, he said.
International
Fiat Chrysler-PSA’s 46-bn merger deal creates world’s 4th largest carmaker
The deal will give Peugeot-maker PSA a long-sought presence in North America and should help Fiat gain ground in developing low-emission technology, where it’s lagged rivals. Yet the company will still be heavily reliant on Europe’s saturated auto market, and poorly positioned in China, the world’s largest country for car sales
Regulator weighs halting Japan Post Insurance sales – Nikkei
Catholic Church abuse allegations being raised in Japan
Hong Kong financial firms fear potential Beijing interference in contracts
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