Year: 2020

The National Company Law Tribunal (NCLT) has to approve the plan submitted by a consortium of UAE-based investor Murari Lal Jalan and London based asset management firm Kalrock Capital before they become the new owners of India’s oldest surviving Jet Airways.   admitted debt of Jet Airways was Rs 8,000 crore and the resolution professional of Jet Airways has submitted the successful resolution plan of Kalrock Capital and Murari Lal Jalan for the bankrupt airline at the National Company Law Tribunal (NCLT).   Lenders to Jet Airways will get 9.5…

EU candidate Maia Sandu won Moldova’s presidential runoff with 57.75% of the vote, according to the results declared by the country’s central election commission.   Incumbent President Igor Dodon, who was given the explicit backing of the Kremlin ahead of the poll, could cover 42.25% of the votes.   Dodon said on Monday he would concede defeat if the courts find nothing inappropriate occurred in the voting process. “If the courts confirm that everything is ok, then we will put a full stop here,” Dodon said.   “I congratulate her…

The early result from Moderna’s Covid-19 vaccine trial was declared as stunningly impressive by the United States’ top infectious disease scientist Anthony Fauci. He called the findings an emphatic validation of experimental mRNA technology that some had doubted.   “I must admit that I would have been satisfied with 70 or at the most 75 percent efficacy,” he said.   “The idea that we have a 94.5 percent effective vaccine is stunningly impressive. It is really a spectacular result that I don’t think anybody had anticipated would be this good.”…

FM Nirmala Sitharaman has ordered all banks to ensure that all accounts of their customers are linked with Aadhaar numbers of respective customers by March 31, 2021.   The financial inclusion story is not over and banks still have inclusion to carry forward, said she. There are many accounts that are not linked with Aadhaar yet.   “… by March 31, 2021, every account should have a PAN where needed and where applicable, and Aadhaar in every one of your accounts,” Sitharaman said while addressing the 73rd annual general meeting of the Indian Banks’ Association (IBA).   She said banks should discourage non-digital payments and should bank on promotion of digital payments techniques and also adopt many of the…

In a recent development on the investment in Odisha, Bharat Biotech International Ltd (BBIL) said it would manufacture 10 types of vaccines including Malaria and COVID- 19 in its upcoming unit in Odisha.   BBIL is a multi-dimensional biotechnology organisation specializing in manufacture of vaccines and bio-therapeutics. Dr Krishna Ella , Chairman and Managing Director ,BBIL announced this while attending a meeting with Odisha chief secretary A K Tripathy and other state government officials through digital medium.   The company has taken up the development and production of new or…

It is really great news that the state governments are in the process of identifying buildings which can be used as vaccination booths. Each person in the immunization list would be linked with their Aadhaar cards to avoid duplication and to track beneficiaries.   As per the blueprint deliberated upon by an expert group, state governments would identify buildings which can be used as vaccination booths under the special COVID-19 immunization programme that would run parallel to the existing Universal Immunization Programme (UIP).   Secondly, the vaccination sites will not be limited to…

Joe Biden brings the victory in the history of US and his running mate Kamala Harris will make history as the first ever female, black, Asian American Vice President. Presidential nominee Joe Biden delivers remarks at the Chase Center in Wilmington, Delaware, on November 6, 2020. Harris is expected to play a critical role in shaping the Biden administration’s polices.   Biden won more than 73 million votes, the most ever for a U.S. presidential candidate.   At the same time, the Democrat nominee pulling ahead in the battleground states…