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Automakers initiate production ramp-up with easing of Covid restrictions

by AIP Online Bureau | Jun 20, 2021 | Eco/Invest/Demography, Indian News, Non-Life

New Delhi: With COVID-19 situation easing across various states, leading automobile companies in the country have initiated steps to ramp up production to "normal levels" to meet pent-up demand, clear backlog and reduce waiting periods on their products....

Labour ministry mulls extending ABRY deadline till March 2022 to boost fresh hiring

by AIP Online Bureau | Jun 20, 2021 | Eco/Invest/Demography, Indian News, Pension & Social Security

New Delhi: The Ministry of Labour and Employment is considering extending the timeline of the Atmanirbhar Bharat Rojgar Yojana (ABRY) till March next year from the existing June 30, in a bid to boost fresh hiring in the country amid the pandemic, said sources. Under...

Assam to gradually implement two-child norm for availing benefits under some schemes: CM

by AIP Online Bureau | Jun 20, 2021 | Eco/Invest/Demography, Indian News

   Guwahati: Chief Minister Himanta Biswa Sarma on Saturday said the Assam government will gradually implement a two-child policy for availing benefits under specific schemes funded by the state. The proposed population control policy will, however, not be...

Air India has time till mid-July to challenge Cairn Energy’s lawsuit

by AIP Online Bureau | Jun 20, 2021 | Indian News, Policy, Risk Management

New Delhi: Air India has time till mid-July to challenge the lawsuit filed by Britain's Cairn Energy PLC demanding that a US federal court force the airline to pay a USD 1.26 billion arbitration award it had won against the Indian government in December last year,...

Cannot pay Rs 4 lakh compensation to Covid victims, Centre informs SC

by AIP Online Bureau | Jun 20, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic, Pension & Social Security, Policy

New Delhi: The Centre has informed the Supreme Court that the finances of states and Centre are under severe strain, due to the reduction in tax revenues and increase in health expenses on account of the coronavirus pandemic. And Rs 4 lakh compensation can't be...

20% rise in intake of anti-depressants among people since Covid outbreak

by AIP Online Bureau | Jun 20, 2021 | Facts, Health, Life, Non-Life, Pandemic

  Mental health experts have observed an overall 20 per cent rise in anti-depressant intake among people since the second COVID-19 wave devastated the country. Data shows that the sale of antidepressants in April 2019 amounted to about Rs 189.3 crores. In June,...

Too early to decide on Covid-19 booster shots:WHO

by AIP Online Bureau | Jun 20, 2021 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Pandemic

  As some governments and pharmaceutical officials prepare for Covid booster shots targeting more-infectious virus variants, health authorities say it’s too early to tell if they will be required. “We do not have the information that’s necessary...

UAE’s Emirates airline to resume flights from India to Dubai from June 23

by AIP Online Bureau | Jun 20, 2021 | Health, Indian News, Non-Life

As Dubai eases travel curbs for passengers from India, Emirates airline said it will resume flights connecting India, South Africa and Nigeria to the city from June 23. "Emirates welcomes the latest protocols and measures announced by Dubai's Supreme...

HDFC bank buys 4.99 % stake in HDFC Ergo Gen from HDFC, insurer’s share priced at Rs 536

by AIP Online Bureau | Jun 20, 2021 | Eco/Invest/Demography, Indian News, Non-Life

  Mumbai: At Rs 536 per share, HDFC Bank has picked up a stake of 4.99 per cent in HDFC ERGO General Insurance Company and has paid a total amount 1,906.43 crore for buying 3,55 crore equity shares from its promoter HDFC. The bank has been a...

CCI clears proposed deal to acquire stake in Magma HDI General Insurance by 2 entities

by AIP Online Bureau | Jun 19, 2021 | Indian News, Non-Life, Pandemic

  New Delhi: The Competition Commission of India (CCI) on Thursday said it has approved the proposed acquisition of a stake in Magma HDI General Insurance Company by two entities. Under the transaction, India Advantage Fund S4 I & Dynamic India Fund S4 US I,...
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