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Indian

 Maharashtra intends to lead in the EV category, say officials

May 29, 2021

He said some 32,000 electric vehicles in various categories are registered in the state at present.

”The state intends on making the under construction Mumbai Nagpur Expressway and Mumbai Pune Expressway, Mumbai- Nashik and Nashik-Pune highways fully EV ready by 2025,” he said.

African Swine Fever continues to wreak havoc in Mizoram

May 29, 2021

The ASF outbreak has caused a loss of Rs 18.60 crore to the farmers of the state, said Dr Lalhmingthanga, the Joint Director (Livestock Health) at the Animal Husbandry and Veterinary Science Department.

The first pig death due to ASF was reported on March 21 at Lungsen village in south Mizoram’s Lunglei district, bordering Bangladesh, he said.

Since then the dreaded pig disease has spread to nine districts — Aizawl, Lunglei, Mamit, Serchhip, Lawngtlai, Khawzawl, Hnahthial, Siaha and Champhai.

GST Council leaves tax rate on COVID vaccines unchanged; exempts duty on black fungus medicine

May 28, 2021

The GST Council, which is headed by the Union Finance Minister and comprises representatives of all states and union territories, exempted levy of I-GST on import of Amphotericin-B, which is used for the treatment of black fungus. Currently, vaccines attract 5 per cent GST.

Sitharaman said the Council decided to continue a waiver of I-GST on free COVID-19 related supplies imported from abroad.

International

AGCS restructures its ART line of business

Oct 10, 2018

Large companies are increasingly seeking to assume more control over their risk management beyond traditional insurance products in property or liability. With our two new lines of business, we can respond to these needs by designing multi-line, multi-year, parametric or capital-market solutions to protect our clients from earnings and cash flow risks. Our new structure and leadership team will help AGCS to further evolve and grow this important segment of our business”, says Hartmut Mai, AGCS Board Member and Chief Underwriting Officer Corporate.

India in bottom 15 of Oxfam index on efforts to reduce inequality

Oct 9, 2018

The index ranks 157 countries on their policies on social spending, tax, and labour rights.As per the report, countries such as South Korea, Namibia and Uruguay are taking strong steps to reduce inequality. However, countries like India and Nigeria did very badly.

Alphabet shuts Google Plus service after 500,000 users’ data breach

Oct 9, 2018

A memo, prepared by Google’s legal and policy staff and shared with senior executives, warned that disclosing the incident would likely trigger “immediate regulatory interest” and invite comparisons to Facebook’s leak of user information to data firm Cambridge Analytica, the WSJ report said

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