The final tender (the request for proposal) for the purchase of 110 fighter aircraft for the Indian Air Force (IAF) can be expected only around mid-2019, a senior defence source said, confirming that the IAF was evaluating responses to its request for information from six global firms. “The bids received …
Read More »Bandipur: Lifting ban contrary to NTCA report
Extract: The Ministry of Road Transport and Highways (MoRTH) — which has proposed to the State government to lift the ban on night traffic through Bandipur — seems to have overlooked key issues brought to light in reports by the National Tiger Conservation Authority (NTCA) and other agencies, including the …
Read More »Ban on oxytocin likely to be lifted
Extract: Gynaecologists and obstetricians across the country can now exhale in relief: the Drug Technical Advisory Board (DTAB) has recommended to the Union Ministry of Health and Family Welfare that the ban on the retail sale of the life-saving drug, oxytocin, may be lifted. The DTAB recommendation has brought immense …
Read More »Zydus Cadila gets USFDA nod for anti-bacterial drug
Drug firm Zydus Cadila said it had received approval from the U.S. Food & Drug Administration to market Azithromycin for Oral Suspension USP, used to treat bacterial infections, in the American market. The medication is used to treat respiratory infections, skin infections, ear infections and sexually transmitted diseases. The drug …
Read More »GST revenue in July rises to Rs. 96,483 cr.
“The total gross GST revenue collected in July 2018 is Rs. 96,483 crore, of which CGST is Rs. 15,877 crore, SGST is Rs. 22,293 crore, IGST is Rs. 49,951 crore (including Rs. 24,852 crore collected on imports) and cess is Rs. 8,362 crore (including Rs. 794 crore collected on imports),” …
Read More »Cabinet okays 51% stake for LIC in IDBI
The Union Cabinet on Wednesday gave its approval to the government’s decision to reduce its stake in IDBI Bank below 50%, with Life Insurance Corporation raising stake in the bank to 51%. The boards of IDBI Bank and LIC have both given their approval for the deal. This policy will …
Read More »Regulator bats for tech in policy pricing, risk assessment
An IRDAI working group on InsurTech has indicated support for the use of technology that aids in more scientific pricing of insurance policies and facilitates ease of business for both the insurer and the insured. On the use of wearable and portable devices, the group said the devices must be …
Read More »RBI flags ‘currency war’ risk to stability
Reserve Bank of India (RBI) Governor Urjit Patel has flagged the risks to macroeconomic stability from a potential ‘currency war’ in the wake of rising global trade tensions and said the central bank’s decision on Wednesday to raise interest rates was aimed at firmly anchoring inflation expectations. “RBI’s statements on …
Read More »Centre warns against data abuse
The government told the social media platforms that fake news or abusive news could not be circulated and re-circulated to “create crimes”, Mr. Prasad said. “Therefore, the origin of those news should also be technologically answered. I have made it clear to them that it does not need rocket science …
Read More »Logo, tagline launched for GI
A GI product is primarily an agricultural, natural or a manufactured product (handicraft and industrial goods) originating from a definite geographical territory. Darjeeling Tea, Tirupati Laddu, Kangra Paintings, Nagpur Orange and Kashmir Pashmina are among the registered GIs in India. Mr. Prabhu said the initiative would help promote awareness and …
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