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Indian
Team to check crop insurance irregularities: Maha minister
Addressing a press meet, minister of state for revenue Sattar said the Maharashtra and Central governments had paid Rs 5,800 crore as crop insurance premium last year, while these firms had dispersed just Rs 1,000 crore as claim to farmers.” ”The role of tehsildars and agriculture department officials must be checked in this matter. Those involved should be subjected to narco tests,” he asserted.
Paytm board grants in-principle approval for around Rs 22,000 crore IPO
It is likely to be one of the largest IPOs in India if the company is able to achieve the target as per its plan. Paytm shareholders include Alibaba’s Ant Group (29.71 per cent), Softbank Vision Fund (19.63 per cent), Saif Partners (18.56 per cent), Vijay Shekhar Sharma (14.67 per cent). AGH Holding, T Rowe Price and Discovery Capital, Berkshire Hathaway hold less than 10 per cent stake in the company.
Centre allocates Rs 5,117 crore grant to Madhya Pradesh under Jal Jeevan Mission
Covid-19: Govt announces additional benefits under EPFO, ESIC schemes
“The Ministry of Labour and Employment has announced additional benefits for workers through ESIC and EPFO schemes to address the fear and anxiety of workers about wellbeing of their family members due to increase in incidences of death due to COVID-19 pandemic,” a ministry statement said.
Enhanced social security is sought to be provided to the workers without any additional cost to the employer, it added.
International
Softbank pushes link-ups as insurance strategy takes shape
Insurers call for delay in implementing “IFRS 17” rule by 2 yrs to Jan 2023
US Senate Approves Bill on Commercial Drones, Airline Passengers, Disaster Relief
The bill requires the FAA to set rules authorizing commercial drone deliveries and gives the Departments of Justice and Homeland Security new authority to disable or destroy drones if they pose a threat to government facilities. The Trump administration had said it did not have legal authority to address such threats.
U.S. Warns of New Cyber Attacks by Group with China Ties
The Department of Homeland issued a technical alert for cloudhopper, which it said was engaged in cyber espionage and theft of intellectual property, after experts with two prominent U.S. cybersecurity companies warned earlier this week that Chinese hacking activity has surged amid the escalating trade war between Washington and Beijing.
Chinese authorities have repeatedly denied claims by Western cyber security firms that it supports hacking.
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