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Irdai asks insurers to offer corona standard policy by July 10

June 28, 2020 1:08:33 am

The premium under both the products shall be pan India basis and no geographic location or zone-based pricing will be allowed. Rashmi Nandargi, head, Retail Health Underwriting at Bajaj Allianz General Insurance, said these standard policies specific to Covid-19 were a welcome move considering the current situation where people are worried about the Covid-19 treatment costs.

Now, Indian exporters complain shipments stuck at China ports

June 27, 2020 1:06:01 pm

In a recent note to the Ministry of Commerce and Industry, the Federation of Indian Export Organisations (FIEO) has said that Hong Kong and Chinese Customs were holding back export consignments from India over the last few days.

‘Limited policy support hampering research, innovation in clean energy’

June 26, 2020 12:49:56 am

Apart from lack of policy support, the is also very difficult for start-ups and SMEs in the clean energy tech space to find and retain trained and dedicated staff over longer periods of times, the report said.

Yes Bank used Rs 200 crore loan for HDIL to pay off its own debt: ED

CBI files chargesheet against Yes Bank founder for receiving Rs-600 Cr ‘bribe’ from DHFL promoter

June 25, 2020 8:50:26 pm

The Central Bureau of Investigation (CBI) had registered the case on March 7 against 12 accused persons, including the Kapoors. It had carried out searches on March 9 and arrested Rana Kapoor and the Wadhawans, the officials said.

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E-comm firms told: Let buyers know country of origin of goods

June 25, 2020 7:12:51 am

Experts say such a requirement does not have a precedent, may not be easy to roll out and may require more brainstorming, especially for products, such as cellphones and laptops, that may have inputs from several countries.

Govt procurement portal asks sellers to specify country of origin

June 24, 2020 4:20:41 am

A senior official told The Indian Express that the Department for Promotion of Industry and Internal Trade (DPITT) is also actively examining a proposal put forth by a group of traders that the ‘country of origin’ tag be made a must for products listed on private e-commerce platforms as well.

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Take-home salary to go up as govt reduces employee EPF contribution for next three months

May 14, 2020 8:52:24 am

Employee EPF contribution cut: Statutory PF contribution of both employer and employee will be reduced to 10% each from the existing 12% each for all establishments covered by EPFO for the next three months.

Renewables are the only winners in historic decline in energy demand

May 1, 2020 6:58:37 am

As people around the world consume less oil, gas and coal, electricity generated from the wind and sun will keep flowing, resulting in an unprecedented 8% decline in global carbon dioxide emissions this year, according to a report from the International Energy Agency.

Cabinet likely to okay package for power discoms reeling under revenue loss in lockdown

PowerMin releases revised draft of Electricity Amendment Bill 2020

April 18, 2020 1:57:35 am

The feedback on the revised Electricity Amendment Bill 2020 has been sought within 21 days

Trump taps Indian-American lawyer as US representative to World Bank's lending arm IBRD

Trump touts ‘great’ Saudi-Russia oil deal to halt price rout, but details unclear

April 3, 2020 11:30:02 am

Trump said the two nations could cut output by 10 to 15 million barrels per day (bpd) - an unprecedented amount representing 10 per cent to 15 per cent of global supply, and one that would require the participation of nations outside of OPEC and its allies.

Gold rises 1% on flight to safety driven by pandemic fears

April 1, 2020 12:21:30 pm

Gold is considered an attractive investment during times of political or economic uncertainty. It is highly sensitive to interest rates, as lower rates reduce the opportunity cost of holding the non-yielding bullion.

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Yes Bank: ED summons Anil Ambani, Subhash Chandra, Naresh Goyal, 3 others

March 17, 2020 4:35:41 am

ED has summoned promoters of at least 6 leading corporates — Anil Ambani (ADA Reliance Group), Subhash Chandra (Essel Group), Kapil Wadhawan (DHFL/Wadhawan Group), Naresh Goyal (Jet Airways), Gautam Thapar (Avantha Group) and Peter Kerkar (Cox & Kings Group) — for questioning over the next 5 days.

IRDAI proposes hike in third party premium for vehicles

March 6, 2020 4:37:14 am

For private cars between 1000 cc and 1500 cc engine capacity, the third party premium will rise from Rs 3,221 to Rs 3,383.

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IT ecosystem has developed beyond recognition; looking to revisit Act: Ravi Shankar Prasad

February 27, 2020 1:42:19 am

“New technologies have become very pronounced. The whole ecosystem of consumers has changed vastly. And so have the challenges,” Prasad said, adding that it will factor in the Supreme Court’s judgment on privacy and data protection.

S Korea April 1-20 exports collapse as pandemic paralyses production, demand

South Korea trade data show virus disruption to China supply chain

February 21, 2020 9:25:04 am

South Korea’s daily average shipments fell 9.3% during the first twenty days of February from a year earlier, the customs office said Friday.

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Coronavirus outbreak to hit global growth; to have limited impact on India: RBI Guv

February 19, 2020 9:40:18 pm

For India, China is an important trading partner and policymakers both in the government and the monetary authority "are very watchful of the developments that are taking place," RBI Governor Shaktikanta Das said.

Voda Idea stares at a tough path ahead; Airtel set to gain: Analysts

Airtel, Voda Idea make part payment; DoT mulls encashing bank guarantees

February 17, 2020 10:42:00 pm

In a related development, the telecom companies started disputing the DoT estimate of the due amount and indicated they will pay as per their 'self-assessment'.

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India won’t get special preference from US anymore; here’s why

February 12, 2020 8:38:24 pm

The move also reflects President Donald Trump’s frustration that large economies like China and India are permitted to receive preferential trade benefits as developing nations at the World Trade Organization.

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AGR dues: SC to hear plea of telcos next week seeking fresh schedule of payment

January 21, 2020 11:34:16 am

In its plea, Vodafone Idea said it was “facing a huge financial stress and is not in a position to make either up front payment of the amounts due or provide any financial bank guarantees to securitise the amounts due”.

Airport vicinity Compensation claims: Supreme Court directs High Court to decide case on March 3

SC dismisses review plea by telecom majors on AGR dues

January 17, 2020 4:49:48 am

Following the judgment, the DoT had written to GAIL and Power Grid, asking them to pay AGR fees of Rs 1.72 lakh crore and Rs 1.25 lakh crore, respectively. GAIL, Power Grid and other companies have denied that they owe any money to the DoT, and said they have paid all dues.