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India reports 40,134 new COVID cases and 422 deaths

by AIP Online Bureau | Aug 2, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic

  New Delhi: India reported 40,134 new cases of COVID-19 and 422 deaths in the last 24 hours, as per the Union Health Ministry. The total number of cases currently stands at 3,16,95,958. The death toll has climbed to 4,24,773. The number of active cases of...

Full functional autonomy for PSU general insurers not privatisation: Unions

by AIP Online Bureau | Aug 2, 2021 | Indian News, Life, Non-Life, Policy

  Chennai: Demanding functional autonomy and opposing privatisation, the major unions in the government-owned general insurers are not buying Finance Minister Nirmala Sitharaman's views about the reasons for the government amending the General Insurance...

Simplified patent, copyright registration helping India become an innovation hub: Piyush Goyal

by AIP Online Bureau | Aug 1, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Technology

  New Delhi: Expressing satisfaction over the reforms introduced in examining and granting of patents, designs, copyrights and trademarks, Union Commerce and Industry Minister Piyush Goyal on Sunday said that the 'ease of doing business' will go a long...

Woman approaches SC for getting financial help from PM Cares fund to treat post-Covid complications in her husband

by AIP Online Bureau | Aug 1, 2021 | Eco/Invest/Demography, Facts, Health, Life, Non-Life

New Delhi: A woman who spent almost Rs 1 crore for the treatment of her Covid infected husband, knocked the doors of the Supreme Court pleading it to pass immediately the appropriate directions and order to the concerned authorities for her financial help from PM...

Myanmar has the highest coronavirus mortality rate in Southeast Asia

by AIP Online Bureau | Aug 1, 2021 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Pandemic

Myanmar: With the increase in coronavirus deaths in Myanmar, accusations of residents and human rights activists that the military government, which took control in February, is using the pandemic to consolidate power and suppress the opposition, are becoming more...

RBI’s new rules on interchange fee, 24/7 bulk clearing facility functional

by AIP Online Bureau | Aug 1, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation, Technology

Mumbai: The Reserve Bank of India's new directions on raising interchange fee and making available the facility of bulk clearing round the clock have become effective from Sunday onwards. The RBI in June raised the interchange fee for financial transactions from...

GST collection of over Rs 1 lakh cr for July indicates economy recovering at fast pace, says Sitharaman

by AIP Online Bureau | Aug 1, 2021 | Eco/Invest/Demography, Indian News, Pandemic, Policy

New Delhi: Union Finance Minister Nirmala Sitharaman on Sunday said that Goods and Services Tax (GST) collection for July 2021 has again crossed Rs one lakh crore with easing out of COVID-19 restrictions and added it indicates that the economy is recovering at a fast...

Tata Motors looking at measures to offset impact of semiconductor shortage

by AIP Online Bureau | Aug 1, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Technology

  Mumbai: Tata Motors is looking at various measures, including direct buying from stockists and making changes in the product configurations, to offset the impact of semiconductor shortage on its production activities and sales, a top company official has said....

479 infrastructure projects show cost overruns worth Rs 4.4 trillion

by AIP Online Bureau | Aug 1, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Policy

  New Delhi: As many as 479 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.4 lakh crore, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure...

Forecasters who predicted India’s coronavirus peak see new wave coming

by AIP Online Bureau | Aug 1, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic

  New Delhi: India is likely to see a rise in Covid-19 infections building into a new — though smaller — virus wave that may peak in October, according to a mathematical model by researchers who accurately predicted the tapering of a brutal surge of...
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