July 28, 2021 23:37 (IST)
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Covid19: Centre removes duty on Amphotericin B, raw materials for Covid testing kits

New Delhi/IBNS: The government has waived off the basic customs duty on imports of raw materials for manufacturing Covid test kits and antifungal drug Amphotericin B and raw material for Covid-19 test kits for a limited period.

Kotak, Metropolis join hands to offer Covid antibody test at 30 pct discount

Kolkata/IBNS: To help assess one’s antibody levels, Kotak Mahindra Bank Ltd (KMBL) on Tuesday announced an exclusive offer for its customers in a tie-up with Metropolis Healthcare Limited (Metropolis).

GST Council reduces tax on equipment, meds to fight Covid19

New Delhi/IBNS: The Goods and Services Tax Council Saturday slashed taxes on medicines, medical equipment needed in hospitals and other items used to fight Covid-19.

Steel Minister inaugurates Ispat Nidan Kendra –Jumbo Covid Treatment Centre of SAIL, Rourkela Steel Plant

New Delhi / Rourkela/IBNS: Ispat Nidan Kendra – the newly developed state-of-the-art Jumbo COVID Treatment Centre of SAIL, Rourkela Steel Plant (RSP) was inaugurated by Steel Minister Dharmendra Pradhan through virtual mode on Wednesday.  

India's crude oil imports to drop in May as lockdown restrictions hit oil demand: Report

New Delhi/IBNS: Indian refiners are likely to reduce crude imports in May amid the second wave of coronavirus infection in contrast to April when refiners met all their import commitments but the the full impact of the crisis will get reflected only in May numbers, according to S&P Global Platts Analytics.

RBI Guv Shaktikanta Das asks pvt banks to strengthen their balance sheets

Mumbai/IBNS: RBI Governor Shaktikanta Das in a meeting with the MD & CEOs of some private sector banks on Tuesday through video conference asked them to continue focussing on efforts to further strengthen their balance sheets proactively.

India's power consumption rose 19 pc in first fortnight of May compared to 2020

New Delhi/IBNS: India's power consumption rose by nearly 19 per cent in the first fortnight of May to 51.67 billion units (BU) compared to the same period previous year, reflecting recovery in industrial and commercial demand of electricity, power ministry data showed.

After Mamata seeks tax waivers on Covid meds and equipment, Sitharaman explains how taxation reduces burden on buyers

New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman has emphasised that a minimum 5 per cent tax on vaccines and 12 per cent tax on medicines and oxygen concentrators is necessary to keep their prices low while replying to West Bengal Chief Minister.

Revised Indian proposal on patent waiver at WTO to access Covid-19 medicine later this month

New Delhi/UNI: The World Trade Organization will consider in the second half of this month a revised text of the proposal India and South Africa are going to submit for a temporary waiver of certain patent-related obligations to access essential COVID-19 medicines and medical equipment.

Covid-19: Govt slashes IGST rate on oxygen concentrator imports for personal use

New Delhi/IBNS: As India combats Covid-19, the demand for oxygen concentrators and other medical supplies has risen exponentially as the government uses all resources to increase oxygen supply. To ease this fight, the Union Finance Ministry Saturday reduced IGST (Integrated Goods and Services Tax) rate for imports of concentrators, an official statement said.

Covid-19 peak likely by mid-May: SBI report

Mumbai/IBNS: The second wave of coronavirus in India may touch the peak around mid-May, analysts of country's biggest lender State Bank of India (SBI) have predicted.

Covid-19: IRDAI asks insurers to settle policyholders' claims on cashless basis

New Delhi/IBNS: Insurance regulator IRDAI on Friday asked the insurers to settle the claims of policyholders on cashless basis after reports emerged that some hospitals demanded cash payments from Covid-19 patients.

RBI extends the interim Ways and Means Advances of Rs 51,560 crore for states and UTs till Sep 30

Mumbai/IBNS: Reserve Bank of India (RBI) on Friday extended the interim Ways and Means Advances (WMA) limit of Rs 51,560 crore for all states and union territories till September 30 in view of the coronavirus pandemic situation.

Andaman Nicobar: Compulsory Rapid Antigen Test on all incoming passengers at Port Blair from Apr 16

Port Blair/UNI: There has been a rapid surge in the COVID-19 positive cases in the South Andaman District in the last few weeks and in order to contain further spread of the virus, the District Magistrate, South Andaman has ordered compulsory Rapid Antigen Test (RAT) shall be conducted on all incoming passengers at the Veer Savarkar International Airport, Port Blair with effect from April 16, 2021, free of cost.

Supreme Court refuses to interfere in Centre's decision on extension of loan moratorium

New Delhi/IBNS: The Supreme Court has refused to extend the six-month loan moratorium period given by the Reserve Bank of India (RBI), saying it cannot interfere in the 'policy decision' of the Centre and the  RBI.