China has smothered most outbreaks within its borders, keeping new case numbers low.
Old timers in Oil and Natural Gas Corporation (ONGC) still remember how in early 2000 its overseas subsidiary, ONGC Videsh Ltd (OVL), was on the verge of closure. Though OVL was set up in 1965, the only discovery the company had made till then was in Vietnam offshore, with more investment needed to monetise it. In 2001, when OVL started looking for new blocks abroad, the company's previous acquisition was 13 years old.
Vardhan's elevation to the chairmanship of the 34-member World Health Organisation (WHO) Executive Board comes amid growing calls, including by United States President Donald Trump, to investigate how coronavirus originated in China's Wuhan city and subsequent action by Beijing.
According to the committee, single overseas investments of more than 10 per cent in a company should be considered as Foreign Direct Investment while those less than 10 per cent should be classified as foreign portfolio investment.
The Anil Kumble-led cricket committee's recommendations were announced by the ICC's on Tuesday.
Making a case for an optimal fiscal stance, the Economic Survey on Friday said growth leads to debt sustainability and not necessarily vice-versa. "This is because debt sustainability depends on the 'Interest Rate Growth Rate Differential' (IRGD) i.e. the difference between the interest rate and the growth rate in an economy. "With the Indian context of potential high growth, the interest rate on debt paid by the Indian government has been less than India's growth rate by norm, not by exception," it said.
The Reserve Bank on Monday asked banks to notify the base rate, or the minimum lending rate, at least once in every three months.
If the Personal Data Protection Bill gets passed in its present form, a new class of companies and entities could emerge. The sole job of these new entities would be to manage the consent for data usage of a user.Banks, healthcare firms and fintech companies, among others, fear that sharing non-personal data with the government may hurt business interests. Banks also fear the threat of data misuse.
Currently, banks follow system of internal benchmarks, including Prime Lending Rate, Benchmark Prime Lending Rate, Base rate and Marginal Cost of Funds based Lending Rate.
'Cyrus was always very different. He would think before acting.'
Hundreds of migrant workers from Delhi, Haryana and even Punjab reached Anand Vihar, Ghazipur and Ghaziabad's Lal Kuan area after taking arduous treks of many kilometers on foot to take buses to their respective native places
The UK government has ordered 100 million doses of the Oxford vaccine once it is ready for rollout and the doses are being manufactured before it has been shown to be successful in order to save time once it clears all the regulatory stages.
NPAs, cost, fee income, productivity, HR reorientation are focus areas; schedules drawn for addressing all from weeks to a year.
Thanks to the recapitalisation by the government and measures taken by the central bank, collapse of any large housing finance company won't pose as big a risk as it had six months ago.
Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.
The report has identified 29 instances where it appears that the loans disbursed to borrowers were in turn utilised by their group companies to repay the existing debt obligations with IL&FS Financial Services Limited.
A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
Nivedita Mookerji goes in search of the elusive war room to track and respond to the coronavirus threat.
Earlier this month, Sobha Kapoor and Ekta Kapoor, part of the promoter group of Balaji Telefilms, faced shareholder ire when they failed to obtain the requisite votes on resolutions proposing pay increases for them. In recent months, several promoter-directors, including Siddharth Lal of Eicher Motors and Pawan Munjal of Hero MotoCorp, have faced similar situations. Clearly, large institutional shareholders - and public shareholders - are not taking kindly to promoter-directors upping their remuneration takeaways at a time when the prospects of business recovery are clouded by the anticipated third wave of the Covid-19 pandemic.
'The biggest advantage a company has in today's day and age is its reputation.' 'When something of this nature takes place, their reputation takes a beating.'
The article of impeachment charges Trump with a count of 'incitement of insurrection' for his actions on January 6, when he delivered a speech inciting his supporters to lay siege to the Capitol, an action that temporarily halted the counting of Electoral College votes and resulted in the deaths of five individuals, including an officer of the US Capitol Police.
ICICI's board has denied any wrongdoing, highlighting that the loan was underwritten in accordance with the bank's credit standards and was extended as part of a consortium involving over 20 banks.
Addressing a virtual Downing Street press conference, Boris Johnson acknowledged the divided views on lifting all lockdown restrictions to declare that his update does not imply that the pandemic "is over".
Customers have other options available to them to do low-value transactions, if wallets start mandating full KYC and would switch to those.
'At the first board meeting I chaired, I sensed that corporate governance is an issue in this company.' 'I started taking steps that may have aggrieved a few.' 'This has now become a mission I intend to accomplish before I step down.'
The Tamil Nadu Cricket Association (TNCA) has already informed its members that no tickets would be put on sale for the first two Tests between India and England at the MA Chidambaram Stadium as both the games will be played behind closed doors.
Rules for market infrastructure institutions such as stock exchanges, clearing corporations, and depositories have come under review by Sebi after five years.
There is no current evidence from randomised controlled trial to recommend any specific treatment for suspected or confirmed patients with COVID-19.
If the CBDCs don't offer interest, why will people shift from cash to CBDCs?, asks Tamal Bandyopadhyay.
Batting for greater transparency, a Sebi panel said sound corporate governance helped companies generate "significantly greater returns".
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
Sebi's stewardship code for mutual funds and alternative investment funds lays down six principles to improve corporate governance standards in their investee companies, reports Jash Kriplani.
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
Organisers of the Tokyo 2020 Olympics pushed on with the test event for sports climbing on Friday even as a raft of matches and tournaments were being cancelled or postponed worldwide due to concerns over the coronavirus outbreak. Tokyo 2020 organisers have insisted they are planning for the Games to begin as scheduled on July 24, while the International Olympic Committee president Thomas Bach has said that cancellation is not even being discussed. Several other Tokyo 2020 test events, including rugby sevens and boccia, have been cancelled because of the virus but Friday's test for sports climbing went ahead, albeit with just a smattering of officials and media in attendance.
The state government issued the notice to the Phagwara-based LPU attitude as 'extremely callous and irresponsible' in handling the case of a 21-year-old, corona-positive woman hosteller and keeping itself open, and sought its explanation over the breach of lockdown orders.
The governance reforms, as an official put it, would bring in measures to track the performance of the executive-rank employees of the banks, intensively.
The Union health minister said a high-level expert group is going into all the aspects of vaccines and the health ministry is preparing a format in which states will submit lists of priority population groups.
Amid uncertainties arising out of the second wave of COVID-19, the Reserve Bank on Thursday said that a durable revival of private consumption and investment would be critical for sustaining economic growth post-pandemic. Observing that 2020-21 has left a scar on the economy, RBI in its annual report said, "in the midst of the second wave as 2021-22 commences, pervasive despair is being lifted by cautious optimism built up by vaccination drives." The second wave of the pandemic has prompted revision of growth projections for the current fiscal and the consensus appears to be gravitating towards RBI's forecast of 10.5 per cent, the report added.
A statement issued by the Interior Ministry also said the crackdown on Jaish 'has been taken in line with the decision of the NSC meeting'.
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