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Showing posts from November, 2020

Covishield: SII refutes adverse reaction claim, seeks Rs 100-cr in damages

The volunteer had sued SII for Rs 5 crore, alleging that the vaccine shot he received at Chennai’s Sri Ramachandra Institute of Higher Education and Research, produced adverse reactions, “including neurological impairment and an inability to get back to the life before being inoculated”. from The Financial Express https://ift.tt/39qx0N7 https://ift.tt/eA8V8J FE Bureau
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Centre cuts tax transfers to states by a fifth in October

Despite a sharp revenue slump, the Centre transferred budgeted amounts to state governments as their tax share from divisible pool in April-May, but has since found this practice unsustainable – October transfers were a fifth less than envisaged in Budget, at Rs 37,233 crore from The Financial Express https://ift.tt/3qf60Gk https://ift.tt/eA8V8J Prasanta Sahu
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‘That’s got Glenn Maxwell’s approval’: Fan’s on-camera proposal at SCG applauded by Australian all-rounder

Cricket Australia tweeted a video of the proposal with a cheeky message, "Was this the riskiest play of the night? She said yes - and that's got @GMaxi_32 's approval!" while including the visuals of Australian all-rounder Glenn Maxwell applauding the couple's expression of affection. from The Financial Express https://ift.tt/36itZNd https://ift.tt/eA8V8J FE Online
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CAIT to PM Modi: E-commerce firms monopolising market by violating FDI policy; poor action hurting MSMEs

Ease of Doing Business for MSMEs: CAIT, which has been campaigning against Amazon and Flipkart for years now alleging unethical business practices by them, said that the absence of concrete action against e-commerce companies has led to a roadblock for small businesses to run their operations online. from The Financial Express https://ift.tt/2JjckM9 https://ift.tt/eA8V8J Sandeep Soni
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Full text of PM Modi’s 18th episode of Mann Ki Baat 2.0

Speaking on farm laws, the Prime Minister said recent agriculture reforms have begun mitigating the troubles of farmers in a short span of time as he cited the example of a Maharashtra farmer who used the provisions of the new laws to get the money promised to him by a trader. from The Financial Express https://ift.tt/39lAsZz https://ift.tt/eA8V8J FE Online
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It doesn’t look like municipal election: Asaduddin Owaisi on BJP’s deployment of big guns in Hyderabad

Home Minister Amit Shah, BJP President JP Nadda, UP chief minister Yogi Adityanath, former Maharashtra Chief Minister Devendra Fadnavis, Union Ministers Smriti Irani and Prakash Javadekar, and MP Tejashvi Surya are among the party's star campaigners for election to Greater Hyderabad Municipal Corporation (GHMC). from The Financial Express https://ift.tt/3fJukLV https://ift.tt/eA8V8J FE Online
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Farm laws have broken shackles of farmers, given new rights and opportunities: PM Modi in Mann Ki Baat

Mann Ki Baat Today News Updates: The 18th episode of PM's Mann Ki Baat comes just a day after Prime Minister Modi undertook a three city tour to conduct an extensive review of the development and manufacturing process of coronavirus vaccine. from The Financial Express https://ift.tt/36hJyo5 https://ift.tt/eA8V8J FE Online
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Across The Aisle: Slow march backward

We live in a strange world where the President of communist China speaks eloquently on the virtues of free trade and globalisation and the President of capitalist United States speaks derisively of trade agreements, WTO, free trade, climate change and the Paris Accord! from The Financial Express https://ift.tt/3lfs1B9 https://ift.tt/eA8V8J P Chidambaram
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Farmers’ Protest in Delhi Live: Heavy deployment at Tikri border as protesters refuse to move to Burari

Farmers Protest in Delhi Live Updates, Farmers March Live News: The farmers have been demanding the Centre to either withdraw the farm laws or insert the clause of guaranteed minimum support price (MSP) in the acts. from The Financial Express https://ift.tt/3lfpuHk https://ift.tt/eA8V8J FE Online
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New high: Cash register ring

The single-day turnover has taken the average traded valu at the NSE to Rs 66,864 crore, higher than previous daily average turnover o Rs 61,385 crore made in June 2020. from The Financial Express https://ift.tt/39j4mxz https://ift.tt/eA8V8J FE Bureau
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Dilli Chalo protest march LIVE: Heavy deployment at borders as farmers’ march enters second day

Farmers Protest in Delhi Live Updates, Farmers March Live News: Today is the second day of Dilli Chalo march by farmers who are demanding that the Centre withdraw recently enacted farm laws or insert minimum support price (MSP) in the acts. from The Financial Express https://ift.tt/3fBiEuA https://ift.tt/eA8V8J FE Online
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Long-term impact of agricultural reforms: Rs 80,000-1,00,000 crore private investment, lakhs of jobs possible

The government’s agriculture reforms can potentially attract private investment of Rs 80,000-1,00,000 crore, and create employment for 15-20 lakh people. About Rs 93,000 crore is wasted every year due to poor storage and transport infrastructure. Private sector involvement can reduce this wastage significantly. from The Financial Express https://ift.tt/3pXMtKJ https://ift.tt/eA8V8J
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GST compensation: Bengal, Kerala too pick option mooted by Centre

The state governments of West Bengal and Kerala, which have been at loggerheads with the Centre over how to compensate the states for their GST revenue shortfall in FY21, given the paucity of the designated cess funds, also have accepted Option-1 mooted by the latter to meet the shortfall. from The Financial Express https://ift.tt/3l6ir3y https://ift.tt/eA8V8J FE Bureau
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Cyclone Nivar Live Updates: Storm barrels towards Tamil Nadu, Kalpakkam atomic plant activates safety protocol

Cyclone Nivar in Chennai, Tamil Nadu Live Updates: IMD-Hyderabad in its forecast said that thunderstorms along with lightning will occur at isolated places. Heavy rainfall in 13 districts today. IMD-Bengaluru has predicted in the capital city of Karnataka today. from The Financial Express https://ift.tt/2UWMrnN https://ift.tt/eA8V8J FE Online
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Pre-pack scheme: Insolvency resolution time may be cut to just 3-4 months

The government is weighing a proposal to reduce by more than a half the time limit for the resolution of stressed assets under a so-called ‘pre-pack’ insolvency scheme. Any such move would not just expedite the resolution of bad debt but also cut costs. from The Financial Express https://ift.tt/3m4MoST https://ift.tt/eA8V8J Banikinkar Pattanayak
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How much more FX will RBI buy?

This is the first time that RBI is entering a possible Democratic administration with adequate FX reserves. We now expect RBI to buy $77billion ($66.3 billion FYTD) in FY21 at an expected current account surplus of 1% of GDP from The Financial Express https://ift.tt/39dq8CX https://ift.tt/eA8V8J
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China might get ahead of even the US in Science and technology; what India must do?

What must India do? It needs to learn from the American model of the networked science state. That would entail a reformed bureaucracy with a developmental and pro-technology mindset. It must also replace the obfuscating Defence Procurement Procedure with a transparent Defence Production Policy, which all advanced countries have from The Financial Express https://ift.tt/35YRCdo https://ift.tt/eA8V8J
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Share Market LIVE: Sensex, Nifty may open with gains; D-Street en route to witness record monthly FPI inflows

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Asian peers were trading with gains on Monday morning. Shanghai Composite was up in the green along with Kospi and KOSDAQ while Hang Seng was trading flat. from The Financial Express https://ift.tt/336otLo https://ift.tt/eA8V8J FE Online
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More women in the workplace, shows EPFO data

Moreover, in contrast with earlier months, when new women subscribers to the EPFO were typically from the 22-25 years age bracket, in September more than one lakh or 38% of the new women subscribers were over 35 years of age. from The Financial Express https://ift.tt/35WGRIG https://ift.tt/eA8V8J Surya Sarathi Ray
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Separate carrier & content: A roadmap for power sector reforms

Separate distribution and supply licences can be provided by the state electricity regulatory commissions (SERCs) after effective date of notification of new amendments and existing licences of the incumbent distribution licensee to continue only till its expiry or renewal, whichever is earlier from The Financial Express https://ift.tt/2KrzLDr https://ift.tt/eA8V8J
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Central Vista Redevelopment Project: New Parliament complex to have four floors; will boast 120 office spaces

Central Vista Redevelopment Project: The new Parliament complex, once ready, will boast as many as 120 office spaces, public galleries with museum-grade features which will be “open-to-all”, six entrances, along with other upgrades. from The Financial Express https://ift.tt/2UNIF0f https://ift.tt/eA8V8J Devanjana Nag
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Bharat Biotech’s Covaxin caused hospitalisation during early trials due to ‘adverse reaction’

Bharat Biotech is developing Covaxin in collaboration with ICMR - National Institute of Virology (NIV) and in its Phase III, it is conducting its largest clinical trial of a Covid-vaccine in India with 26,000 volunteers in 25 centres. from The Financial Express https://ift.tt/3lOJdi6 https://ift.tt/eA8V8J FE Online
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Data drive: Global concerns

On Friday,India became the second country in the world to cross 9 million infections. While daily cases have come down from the high of 95,000 these touched in September, India can’t afford to be lax if the latest trends from the US and Europe are any indication. from The Financial Express https://ift.tt/3fiHcZ7 https://ift.tt/eA8V8J The Financial Express
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Labour welfare: Appointment letter, free health check-up must for factory, construction workers over 45 yrs of age

While Code itself caps the work time in a week at 48 hours, the draft rules have stated that, “The period of work of a worker shall be so arranged that inclusive of his intervals for rest, shall not spread over for more than twelve hours in a day." from The Financial Express https://ift.tt/3kQJO1p https://ift.tt/eA8V8J Surya Sarathi Ray
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CBI, income tax dept find bureaucratic and political nexus in illegal coal mining

Illegal coal mining, carried out in the abandoned mines of the Eastern Coalfields in the Salanpur, Pandebeswar, Kajora, Sripur, JK Nagar, Kurustoria, Khaskenda,Neokonda, Harishpur and Haripur areas, has been estimated to be a thriving business of around Rs 800 -1000 crore. from The Financial Express https://ift.tt/3nJ6531 https://ift.tt/eA8V8J FE Bureau
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Govt-society-private sector partnership can deliver better healthcare: Piyush Goyal

Addressing the valedictory session of the ‘Asia Health’ summit, organised in a virtual format by the Confederation of Indian Industry (CII), Goyal pointed out that the task of creating a better future for all, especially for children, had to be undertaken collectively. from The Financial Express https://ift.tt/3fkrXPj https://ift.tt/eA8V8J FE Bureau
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G20 Meet: FM Nirmala Sitharaman calls for collective efforts to tackle damaging impact of Covid-19 pandemic

Attending a virtual meeting of finance ministers of the G20 nations to discuss global economic outlook and the group’s responses to the Covid-19 crisis, Sitharaman stressed affordability and accessibility of vaccines for all as a crucial step in this direction. from The Financial Express https://ift.tt/2Ks5uEK https://ift.tt/eA8V8J FE Bureau
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Harsh Lodha removed from board of 5 firms of MP Birla Group, Lodha file appeals before Calcutta High Court

While Harsh Vardhan Lodha has been removed from the boards of directors of five investment companies of the MP Birla Group, Lodha has filed appeals before a division bench of the Calcutta High Court challenging this action. from The Financial Express https://ift.tt/3lZTzvu https://ift.tt/eA8V8J FE Bureau
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Social security for informal-sector workers: Draft rules silent on resource channels

As per the rules, “The central government shall identify the source(s) for initial funding/ replenishing the Social Security Fund from time to time. The fund shall be administered by the central government through an agency designated by the central government in the manner, as notified by the central government.” from The Financial Express https://ift.tt/3lIPNXy https://ift.tt/eA8V8J FE Bureau
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Vedanta says it’s in the fray for BPCL

Many, including Reliance Industries, Abu Dhabi National Oil Co, Saudi Aramco and ExxonMobil and France’s Total, were earlier reported as eyeing the controlling stake in BPCL, India’s second largest oil marketing company with a market share of 21%. from The Financial Express https://ift.tt/3932rwK https://ift.tt/eA8V8J FE Bureau
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Final hearing: Supreme Court to take up Tata-Mistry separation case on December 2

The contentious issues of whether Tata Sons is agreeable to buy out the 18.4% stake held by the Shapoorji Pallonji Group in the holding firm as per the formula submitted by it, and if not whether the latter can pledge its shares to raise funds, will be taken up by the Supreme Court for final hearing on December 2. from The Financial Express https://ift.tt/3fa3j3Y https://ift.tt/eA8V8J FE Bureau
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Covid: Infections fall on lower testing, death toll rising

Given how social distancing norms were flouted during election rallies, one would have expected Bihar to be the corona hotspot by now but cases in the state have come down drastically; it is now recoding an average of 600 infections daily, down from 1,600 a day two months ago. from The Financial Express https://ift.tt/2Uzkfr9 https://ift.tt/eA8V8J Ishaan Gera
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Limited deal: Trade pact with US likely to be delayed

This is even as New Delhi, unenthused about revisiting the China-dominated Regional Comprehensive Economic Partnership (RCEP), seeks to counterbalance any potential damaging effect of the bloc on its foreign trade with bolstered ties with the US and EU, two among its three largest export markets. from The Financial Express https://ift.tt/3nzJWV2 https://ift.tt/eA8V8J FE Bureau
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Share Market LIVE: Sensex, Nifty may open flat; Lakshmi Vilas Bank’s paid-up share capital may be written-off

Share Market News Today | Sensex, Nifty, Share Prices LIVE: On Wednesday morning global cues were mixed after stock markets in the United States ended with losses but some Asian peers were seen climbing higher during the early hours of trade. from The Financial Express https://ift.tt/38TU3j5 https://ift.tt/eA8V8J FE Online
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PM Modi pitches India as investment destination for urbanisation, mobility

“These opportunities come along with a vibrant democracy. A business-friendly climate. A huge market. And a government which shall leave no stone unturned to make India a preferred global investment destination,” Modi said speaking at the 3rd Annual Bloomberg New Economy Forum. from The Financial Express https://ift.tt/3fcYXcq https://ift.tt/eA8V8J FE Bureau
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India may have slightly higher tariffs, but advanced nations keep much higher NTBs

The US has put in place as many as 8,453 NTBs, followed by the EU (3,119), China (2,971), South Korea (1,929) and Japan (181), shows a commerce ministry analysis, based on the WTO data (See chart). In contrast, India has imposed only 504 NTBs. from The Financial Express https://ift.tt/3nyWPyC https://ift.tt/eA8V8J Banikinkar Pattanayak
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BRICS Virtual Summit: PM Modi calls for urgent reforms in WTO, IMF and UN

The multilateral system is going through a crisis. Questions are being raised on the credibility and effectiveness of the institutions of global governance. They have not changed appropriately with the times,” Modi said, addressing a virtual summit of the BRICS – the 5-nation grouping comprising Brazil, Russia, India, China and South Africa. from The Financial Express https://ift.tt/3lIUAbj https://ift.tt/eA8V8J FE Bureau
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Local action to curb air pollution: Municipal bodies can play a major role in controlling air pollution in NCR

The government constituted the Commission for Air Quality Management (CAQM) in National Capital Region and adjoining Areas through an ordinance on October 28, 2020, replacing the Environment Pollution (Prevention & Control) Authority by giving it overriding powers on AQM over all existing bodies in the Centre and states. from The Financial Express https://ift.tt/38OJPRj https://ift.tt/eA8V8J
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Investors resisting board appointments, reappointments at public sector enterprises

Of the 45 PSEs (excluding government-owned banks) for which IiAS sent out voting recommendations this year, 30 companies or two-thirds of the pool were not compliant with the Regulation 17(1) of the Sebi Listing Obligations and Disclosure Requirements (LODR). from The Financial Express https://ift.tt/3kF7mGs https://ift.tt/eA8V8J FE Bureau
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Share Market LIVE: Sensex, Nifty may open with gains; Moderna’s vaccine 94.5% effective in combating covid-19

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Although domestic markets were closed on Monday, global stock markets were jubilant with Asian markets ending on record highs and Wall Street cheering Moderna’s covid-19 vaccine success. from The Financial Express https://ift.tt/35H2yMN https://ift.tt/eA8V8J FE Online
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Transferable development rights: A win-win deal

Under this, property owners get timely and market-based returns of their property, and urban local bodies get space to provide facilities without huge expenditure for a larger public good. By virtue of being a voluntary option, TDR also protects the rights of property owners from The Financial Express https://ift.tt/3ntb1ck https://ift.tt/eA8V8J
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Pretty Polluting: Crackers aren’t worth the health damage they cause, but banning seems a difficult solution to implement

While, on paper, a total cracker ban should help, the fact is, in India, the crackers industry employs nearly 10 lakh people and accounts for Rs 5,000 crore of manufacturing output. Investors, workers will need to be rehabilitated before such a step is taken. from The Financial Express https://ift.tt/35wsieA https://ift.tt/eA8V8J The Financial Express
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Labour ministry notifies draft rules under Code on Social Security; seeks suggestions in 45 days

The rules, which provide for operationalization of provisions of the Code relating to EPF, ESIC, gratuity, maternity benefits, social security, and cess for such workers, have allowed self-registration on a government portal to avail these benefits. from The Financial Express https://ift.tt/35w0Ux3 https://ift.tt/eA8V8J FE Online
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Delhi air pollution update: IMD says light rain to provide slight relief from ‘severe’ Air Quality Index

With several warnings issued by the NGT and state government proving futile in stopping people from bursting firecrackers, the fate of Delhi's air quality is now resting on the weather conditions which are fortunately stacked in the city's favour. from The Financial Express https://ift.tt/3lwDopy https://ift.tt/eA8V8J FE Online
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GST rates: Auto sector in need of tax relief now

He adds that an active monitoring of the overall auto industry performance post-pandemic is required. “Where the demand shows signs of saturation, then the GST rate cut (where done for a temporary period) is likely to boost the demand for vehicles". from The Financial Express https://ift.tt/2IIl0Ly https://ift.tt/eA8V8J Vikram Chaudhary
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Samvat 2076 ends on a high note, but a muted outlook for 2077

By Urvashi Valecha For the markets, Samvat 2076 has been a roller-coaster ride, as the benchmarks swung from all-time highs to their March lows. As the year comes to a close, markets are at new highs, with the Nifty50 generating returns worth 9.05% for Samvat 2076. After such wild swings, market experts believe that expectations […] from The Financial Express https://ift.tt/2UqRufZ https://ift.tt/eA8V8J
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Covid-proof FMCG companies are recruiting even more students than last year

Mumbai: The pandemic-led disruption hasn’t affected the campus hiring plans of top companies in FMCG, a sector that is the least affected by the crisis and is making a faster recovery than the rest of the economy. Consumer goods majors are recruiting as many students as last year or more from top colleges, and are adding new campuses to their hiring list, as they seek to get on board youngsters who bring with them fresh ideas and a grasp of new age technology.Procter & Gamble, Dabur India, ITC, Marico and Godrej are among companies that are strengthening their teams with recruits from leading B-schools (like IIMs, ISB and SPJIMR), engineering institutes (IITs, NITs, etc), as well as undergraduate colleges such as St Stephen’s, Lady Shri Ram and Shri Ram College of Commerce. Hiring is done virtually, which is helping the companies connect with a wider population of students.Dabur India will hire 10-20% more from top B-schools and engineering colleges this season compared with last. ...
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