By Chitra Iyer India Care Collective, a COVID-19 relief effort, is a group of citizens with a proven background of social service, who are working together to help families impacted because of wage loss situations arising due to the coronavirus pandemic. It is an initiative to help those who lost their job or are facing […]
Global credit ratings agency Moody’s Investors Services on Monday downgraded India’s sovereign ratings as it sees challenges piled up on the country’s policymaking institutions to mitigate the risks of a sustained period of relatively low growth. Besides, Moody’s said the Covid-19 pandemic amplifies vulnerabilities in India’s credit profile such as slower growth relative to the […]
The Reserve Bank of India (RBI) said on Thursday that it has imposed a monetary penalty of Rs 5 crore on Bank of India. According to the regulator, the penalty was imposed for non-compliance with certain norms pertaining to the provisions of the directions issued by it on “Income Recognition, Asset Classification and Provisioning pertaining […]
Leading vaccine maker Indian Immunologicals Limited (IIL) is developing a vaccine for coronavirus in a cross-continental collaboration. It is leading the cross-continental research collaboration in association with the Griffith University of Australia to develop ‘live attenuated SARS-CoV-2 Vaccine or Covid-19 vaccine’ using the latest codon de-optimization technology. K. Anand Kumar, Managing Director, IIL and Prasanna […]
An officer of Delhi’s Mandoli jail has tested positive for novel Coronavirus, an official said on Thursday. The Deputy Superintendent, posted in Central Jail number 11, Mandoli, is currently suffering from the highly contagious COVID-19. “He has been on leave since May 11 as he had fever. Later he got his COVID-19 test done which […]
Itching to travel but unwilling to take the risk? A survey conducted by Thomas Cook (India) and SOTC indicates that you’re not alone. Around 14 per cent of Indians are willing to travel in 2020 itself once the nationwide lockdown is lifted, says a survey. It further indicates that 64 per cent are likely to […]
The Directorate General of Civil Aviation (DGCA) has extended the prohibition on scheduled domestic and international passenger flights till May 31. The announcement comes after the Ministry of Home Affairs (MHA) extended the nationwide lockdown till May 31. In a statement, the civil aviation regulatory, however, said the restriction will not be applied to international […]
Hours after liquor baron Vijay Mallya was on Thursday denied permission to appeal to the UK Supreme Court against a High Court order that upheld a ruling to extradite him to India to face fraud charges, the Central Bureau of Investigation (CBI) said that the order was a “milestone” in the agency’s quest for excellence […]
The UN on Tuesday slashed India’s economic growth projection for the current fiscal year to 1.2 per cent, which would still be the second-highest growth rate among major economies, trailing only China. The mid-year World Economic Situation and Prospects (WESP) update expects India’s rate of gross domestic growth to increase to 5.5 per cent in […]
In the recent development, a Repatriation Flight reached Sydney on 6th May 2020 with 300+ Australian citizens as passengers. The citizens were stuck in India since 25th March 20 due to the lockdown because of Global Pandemic Situation of COVID19. All the passengers will be kept in the quarantine as per the government norms. On […]