Thursday, 8 October 2020

 

The key figures in September this year, the services sector has shown stability. Nevertheless, it remained within the scope of contraction. There has been a decrease in new business in the services sector. The coronavirus epidemic has shown a profound effect on it. It has also led to the loss of employment.

The services sector PMI rose for the fifth consecutive month to 49.8 points from 41.8 in August. However, this is the seventh consecutive month when services sector activities have been declining.

Staying above 50 in the IHS Market India Services Purchasing Managers' Index (PMI) index indicates an expansion in the sector while staying below it indicates a decline. IHS Markit's Associate Director - Economics Pauliana de Lima said that India's service sector in September by the relaxation of the lockdown Has helped to return to reform.

The participants in the PMI survey have spoken of stability in business activities on a large scale. However, he also pointed to a slight drop in new work. According to the survey, companies in which there has been talking of an increase in work, they have Told about the commencement of business with the relaxation of the lockdown rules.

At the same time, companies that talk of business decline have argued that the epidemic has a strong impact on demand. On the employment front, the services sector has been in decline for the seventh consecutive month. Lima said that there has been a decline in employment. But many companies have said that the additional recruitment effort has failed due to a shortage of labor.

Meanwhile, the gross production of services and manufacturing activities PMI increased to 54.6 in September from 46 in August. Lima said that looking at the performance of the manufacturing industry brings a better picture of the Indian economy. During the last six months in September. 

Private-sector productio
n for the first time. Increased. Sales increased in September for the first time since February.

Stability in the service sector, but the employment situation is not yet right

Wednesday, 30 September 2020

 


The Central Bureau of Investigation (CBI) has filed a charge sheet in the Nirav Modi case against former Punjab National Bank Deputy Manager Gokul Nath Shetty and his wife in a disproportionate assets case. 

Shetty is accused of helping Nirav Modi and Mehul Choksi in the PNB scam worth over Rs 13,000 crore. CBI Shetty and Indian

His wife Asha Latha Shetty, a clerk in the bank, has been charged with corruption in the case of depositing assets worth Rs 4.28 crore during 2011-17. During this time Shetty was deputy manager at PNB's Brady House branch in Mumbai, from where Modi Choksi was given a loan of Rs 13,700 crore.

The agency is investigating the relationship between Shetty and Modi-Choksi. The agency said that Shetty could not give satisfactory answers about the source of Rs 2.63 crore in total assets. This amount was 2.38 times more than all his sources of income.

A separate case was filed against Shetty and his wife in November 2018 in connection with a disproportionate assets case. The total income of the Shetty couple was 72.52 lakhs during the said six years, while they bought flats in Mumbai in the name of themselves and their family members.

In the recently filed charge sheet in the CBI special court, the CBI has said that the Shetty couple bought a flat of Rs 46.62 lakh in Goregaon, Mumbai.

Charge sheet filed against former PNB official in Nirav Modi's case

Monday, 28 September 2020

 


Mukesh Ambani, head of the country's most valuable company Reliance Industries Limited (RIL), Mumbai, has retained the status of the richest Indian for the ninth consecutive year. Hurun, which monitors Asia's billionaires, prepared the list in collaboration with IIFL, which was released on Tuesday.

According to this list, Mukesh Ambani's wealth has increased by 73 percent in the last one year and has reached Rs 6.58 lakh crore. According to the report, 63-year-old Ambani is among the top five Dhankubers globally this year.

According to this list of Hurun, on August 31 this year, the number of Dhankubers with a net worth of Rs 1,000 crore or more was 828. However, the number of women in them was just 40 or less than five percent. In the list, the assets of Cyrus Mistry and Shapoorji Pallonji Mistry family declined by close to one percent during one year.

The assets of both are stated to be Rs 76,000 crore each. Gautam Adani's wealth, which has shown great interest in the airport business in recent times, has risen by 48 percent in the last one year. The head of the Adani Group had assets worth Rs 1.40 lakh crore this time and he stood fourth in the list. At the same time, despite a 23 percent decline in property, the Hinduja brothers stood second with Rs 143 lakh crore.

At the same time, the assets of Shiv Nadar family of HCL increased by 34 percent to 141 lakh crore flat and this family ranked third. According to the Hurun list, Azim Premji of Wipro slipped two places to fifth with Rs 1.14 lakh crore and Cyrus Poonawala was sixth with net worth of Rs 94,300 crore. Radhakishan Damani of D-Mart managed to make it to the top 10 Indian Dhankuber this time. His assets have been reported to be Rs 87,200 crore.

Due to the tremendous performance of the IPL, the head of Happiest Minds, Ashok Suta has been included in the list of billionaires this year with a net worth of Rs 3,700 crore. Among women, Godrej's Smita Krishna leads the pack with Rs 32,400 crore. He is followed by Kiran Mazumdar-Shaw, head of Biocon, with assets of Rs 31,600 crore.

Mukesh Ambani's wealth has seen a sharp jump since April this year. The main reason for this is that RIL has sold a large stake in its digital arm Reliance Jio Platform and retail arm Reliance Retail Ventures Ltd to foreign investors.

Mukesh Ambani richest Indian for the ninth consecutive year

Thursday, 24 September 2020

 


The Olympic Association of India (IOA) will use battery-powered masks as a test to ensure rigorous practice for its players in preparation for the Tokyo Olympics.

This mask has been prepared by alumni of IIT Kharagpur and it has been claimed that its wearer gets maximum oxygen. The mask will have valves for breathing on both sides, which have fans, which will help provide more oxygen.

IOA has tied up with Piyush Aggarwal of IIT Kharagpur, the owner of PQR Technology Private Limited, and has also received money from the government under the armor mask project. IOA Secretary General of Rajeev Mehta said that the battery-powered masks will first be tested on some players who are preparing for the Tokyo Olympics.

With this, all the players and others participating in the Olympics will also use it after getting approval from the IOA Medical Commission. If players feel comfortable, we will initially order 1000 masks. We are hoping to initially give 10-15 players masks for the trial. We will start the trial within 10 days.

Fan mask will prepare for Olympics

Thursday, 17 September 2020

 


Kings XI Punjab made a blazing start against Rajasthan Royals on Sunday in Sharjah. Till the time of writing, the team has scored 86 runs in eight overs without any loss in this match of IPL. KL Rahul 33 and Mayank Agarwal were frozen at the crease by scoring 48 runs.

Rajasthan Royals captain Steve Smith won the toss and decided to bowl first. Steve believed that this pitch poses little difficulty in puzzle inning. However, Rahul, who scored a century in the last match, also wanted to bat first.

After this, Rahul and Mayank gave the team a great start. Mayank Agarwal played shots openly against Rajasthan. Mayank had hit four fours and four sixes in his 25-ball inning. On the other hand, Rahul managed to hit only four fours in 24 balls.

Rajasthan has made two changes in its team. The team included Ankit Rajput in place of Yashasvi Jaiswal and Jose Butler in the playing XI instead of David Miller.

Kings xi Bang start -IPL 2020

Monday, 14 September 2020


 

The states of the central government are also getting full support in implementing the National Education Policy. So far, about 20 states and union territories have agreed on the policy and have started work on its implementation. Most of these states are NDA or BJP ruled. Despite this, the rest of the states are also in favor of the policy, except for a few points. It is definitely that they are still confused about its implementation.

At present, the major states whose consent has been received regarding the policy and they have started working on the implementation include states like Uttar Pradesh, Haryana, Karnataka, Himachal Pradesh, Tripura, Madhya Pradesh.

After the arrival of the National Education Policy, the kind of atmosphere created in the country about its implementation and the states are also getting together, the Education Ministry is very excited. According to the ministry, a draft has been sent to all states for implementation. It tells how the states have to move ahead with the implementation of the policy.

At present, the trend of the states has been revealed during the campaign being run by the Ministry of Education in the name of Teachers' Feast. The states were actively participating in this with full preparation. This campaign is from 8 to 25 September.

Played till According to the officials associated with the ministry, the next phase of the policy will be discussed with all the states which are in favor of the policy except for a few points, but they are still uncertain about when to implement it.

Anyway, education is a state subject. Therefore, the ministry will soon talk to the states about this and they will agree to implement it. At present, the states that have not taken any decision regarding the policy so far include states like Bengal, Odisha, Chhattisgarh, Punjab, and Delhi.

Anyway, Prime Minister Narendra Modi had indicated in the beginning to take a flexible approach regarding the implementation of the policy. In such a situation, there will be no deadlock with the states regarding the policy.

More than 20 states agreed on implementation of new education policy

 


The N95 mask is being used extensively to protect against the coronavirus (COVID-19). Health workers are especially using this mask, but it is getting scarce when demand increases. In such a situation, a new way has been devised on how to use the N95 mask in a non-infectious manner.

Researchers say that N95 masks can be de-transitioned through heating in high humidity. The factor's ability to filter will also not be affected.

According to researchers at the US Stanford University and the University of Texas Medical Branch, a new way of de-infecting the N95 mask by combining heat and humidity has been invented. Mask in this manner, the SARS-CoV-2 virus implicated in can be inactivated.

This virus causes COVID-19. Stanford University researcher Steven Chu said, 'This is a problem'. If you can find a way to use the mask a few dozen times, then it can solve the problem of shortage. ' In a study published in the journal ACS Nano, researchers reported that humidity was tried with a heating method to de-transition the N95 mask.

In this process, the N95 mask was heated to about 30 minutes at a temperature of 25 to 95 ° C with 100% humidity. Due to high humidity and heat, there was a significant decrease in the amount of virus in the mask.

N95 masks will be able to get rid of infection in a new way

Sunday, 13 September 2020

 


Ibadur Rahman, an assistant professor at Jamia Millia Islamia, has invented nano cement. It has also received a patent by the Government of India. Two professors of Aligarh Muslim University (AMU) also contributed to this effort.

Ibadur Rahman, working in the Civil Engineering Department of Jamia, said that the idea of ​​using nanotechnology in civil engineering came up while doing BTech at Delhi University of Technology (DTU) in the year 2012-13.

In a discussion with his teacher Muhammad Arif and Amir Azam at AMU, the idea was further strengthened. After this, the experiment started with both teachers in AMU's laboratory. Worked on this in IIT Kanpur and Jamia's labs as well.

He described the invention as' high strength cementitious nanocomposite, the composition and method are making the same name. He told me that now he is working on Nano Concrete. After getting success in this, we will send the patent to the government.

It took two years for the invention of nano cement: Rahman said that he spent two years in the invention of nano cement took time Started experimenting in the year 2012 and in 2014 they got success. It was then sent to the government for a patent.

He received the patent on 14 September 20, including both AMU professors Muhammad Arif and Amir Azam. Arif is a professor in the civil engineering department, while Azam is a professor in the department of applied physics engineering and technology.


Rahman said that Nano cement is more useful in building nuclear power plants, airports, bridges, and high-altitude buildings can be proved.

Jamia professor invented nano cement

Thursday, 10 September 2020

 


The organizers of the Indian Super League (ISL) on Sunday said that the East Bengal club will make their debut in the football league in the upcoming season (2020). The possibility of joining the century-old club in the ISL starting in November started only after its new Kolkata-based investor Shree Cement Ltd asked for bid documents to enter the league.

Were. The alliances of Shree Cement Limited and East Bengal are known as Shree Cement East Bengal Foundation which handed over bid documents to NSDL (the entity operating ISL). East Bengal in the tournament will be the 11th team.

This year due to the Covid-19 epidemic, it will be organized at three sites in Goa. Welcoming East Bengal in ISL, NSDL President Nita Ambani said that after Mohun Bagan, it is a great development in Indian football after the arch-rivals East Bengal joined the tournament. Mohun Bagan is associated with ISL in alliance with ATK. Nita Ambani said, 'Welcome to East Bengal and their millions of fans and happy and proud moment for ISL.

The inclusion of both heritage clubs ie East Bengal and ATK Mohun Bagan will open up immense possibilities for Indian football, especially for talent development in the state.

East Bengal will make its IPL debut this year

Monday, 7 September 2020

 


The government is committed to implementing labor reforms. For this, the four Labor Codes (Labor Code) are set to be implemented simultaneously in December. This will complete the last phase of reforms in the labor sector. Union Labor Minister Santosh Gangwar said, the recently concluded monsoon session, three Labor Bills 'Industrial Relations Code', 'Social Security Code', and 'Occupational Safety, Health and Working Conditions Code' have been approved by Parliament. The Pay Code Bill was passed in Parliament last year.

The ministry wants the four codes to be implemented simultaneously, as all are interconnected. Labor Minister Gangwar said in an interview, the government is making the entire migration to implement the four labor codes by December this year to carry out labor reforms.

The rules under these laws will be implemented simultaneously. ' Bill in Parliament passage is then sent for presidential approval. The law comes into force after the rules have been notified. Under a law, initially draft rules are notified for a certain time and are considered. The rules are then finalized and the law is implemented.

The enactment of these codes is expected to bring major changes in the labor sector in the country. The government wants to put India in the top 10 countries in the World. Bank's Ease of Doing Business ranking through comprehensive labor reforms. In the Ease of Doing Business rankings, 2020, India has jumped 63 places to 63rd position. High ranking encourages investment and employment generation in a country.

Preparation to implement all labor reforms by the end of this year

Friday, 21 August 2020

 


ICICI Lombard General Insurance Company Limited on Saturday said it has entered into a binding agreement for the acquisition of Bharti AXA General Insurance Company Limited.

Under this, it will acquire the entire shares of Bharti Aksa General Insurance. However, the two companies did not provide details of the transaction amount.

The deal is currently in need of approval from the Insurance Regulatory and Development Authority of India (IRDA), Competition Commission of India (CCI), stock exchanges, Securities and Exchange Board of India (SEBI), shareholders, and lenders of both companies involved in the deal.

Bharti Enterprises holds 51 percent stake in Bharti AXA General Insurance and 49 percent stake in French insurance company Aqsa. Both Bharti Enterprises and Aksa will exit the non-life insurance business after the deal. Both companies in a joint statement, the share swap scheme was introduced for shareholders after the valuation of the two companies by independent third parties.

The scheme was accepted by the board of directors of both companies. Under this, Bharti Aksa shareholders will be given two shares of ICICI Lombard in exchange for every 115 shares. Bharti AXA General Insurance will cease to exist after the acquisition deal. Bhargava Dasgupta, MD, and CEO of ICICI Lombard General Insurance said that this alliance would be beneficial for our shareholders.

ICICI Lombard will acquire Bharti Aksa