News – Page 2 – Ecostar Business

Vinisha’s solar-powered ironing cart

adminJanuary 14, 20221175 Views0

Vinisha Umashankar, a student innovator turned environmentalist from Tiruvannamalai district of Tamil Nadu, has been selected as a "change-maker" and Baton-bearer for the ongoing 16th official Queen’s Baton Relay in India. The young innovator and fledgling environmentalist Ms Vinisha has been an inspiration for many. The 16th official Queen’s Baton Relay started at the Buckingham Palace in London on 7th October 2021 and is scheduled to conclude on 28th July 2022 at the Opening Ceremony of the Birmingham 2022 Commonwealth Games after travelling 72 nations and territories of the Commonwealth for 294 days. With the arrival of the Baton in India, the 27th nation in the route, the Queen's Baton Relay will continue in India from 12th to 15th January 2022. Ms Vinisha Umashankar recei...

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Third Wave: Labourers are safe

adminJanuary 14, 20221164 Views0

Once-bitten twice-shy about wrong propaganda. The Central government seems to have taken special care of the migrant labourers, who may move homewards as the third wave of the pandemic is sweeping in metros. But there is no such movement this time. In March 2020, the media had amplified the migrant labourers’ homeward journey after their worksite closure and the consequent transit crisis immediately after the declaration of the national lockdown. This time there is no such crisis. The government is closely monitoring the situation. Beware of the wrong media propaganda. Considering the prevailing pandemic situation, Sunil Barthwal, Secretary, Ministry of Labour and Employment chaired a coordination meeting with States and Union Territories to take stock of the preparedness in resp...

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WHO dropped remdesivir from Covid-19 drug list

adminNovember 21, 20201625 Views0

The drug, found ineffective in the solidarity trial, was administered on several hundred thousand Covid-19 patients. There were reports that US President, Donal Trump was treated with this drug along with other drugs. November 20, the World Health Organization (WHO) spokesperson has said it has suspended Gilead’s remdesivir from its so-called prequalification list, which is an official list of medicines used as a benchmark for procurement by developing countries. Earlier, it had issued guidance against its use in hospitalised COVID-19 patients. The Solidarity Trial, a global human trial launched by WHO and its partners had found the drug effective for the treatment of Covid-19. “Yes, we have suspended it from the PQ (prequalification list). The suspension is a...

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Bihar’s Big Battle: Unpredicted winners

adminNovember 11, 20202380 Views0

Psephologists failed again. Bihar’s complex caste politics proved unpredictable. Though media-fuelled ambition couldn’t help Tejaswi find his way to become Chief Minister, the State’s inherent political-nature has reserved a place for him. A victory of Tejaswi, a brief time deputy to Nitish Kumar could have been a return of jungle raj, which the Biharis had rejected 15 years ago. Political Bihar has a unique character, strange in many ways. Fifteen years ago, a long time jungle raj under a family-controlled party in Bihar was brought to an end with peoples’ determination never to bring it back. Since the caste influence is predominant, the politics of Bihar is not very easily vulnerable to a sustainable change, unless the people show their dejection. That was the context...

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SAIL sailing well against the current

adminNovember 8, 20202582 Views0

Though the lockdown devastated the economy all over the world, SAIL found it as a time to foster and channelize all its energies with a determination to surmount the obstacles. Indeed, it showed how well it could surmount all obstacles by way of impressive Q2 performance. India’s steel giant Steel Authority of India (SAIL), a public sector enterprise under the Ministry of Steel reported an impressive financial performance in the second quarter of the financial year 2020-21. It posted a profit before tax (PBT) of Rs 610.32 crore and profit after tax (PAT) of Rs 393.32 crore against in the quarter against the loss of Rs 523.03 crore at gross level and Rs 342.84 crore at the net level in the same period last year. The turnover grew 20 per cent at Rs 16834.1 crore, This reflects a strong r...

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Bogus ration takers

adminNovember 8, 20202020 Views0

In seven years 43.9 million ghost ration cards disappear. The Union government has weeded out an estimated 43.9 million bogus ration cards since 2013 for rightful targeting of beneficiaries under NFSA-Department of Food & Public Distribution.As part technology-driven PDS reforms across the country to modernise the Targeted Public Distribution System (TPDS) and to improve the transparency and efficiency in its operations through digitisation of ration card or beneficiaries databases, Aadhaar seeding, detection of ineligible or bogus ration cards, de-duplication of digitised data, migration or deaths of beneficiaries and during the run-up to the implementation of NFSA. Further, the respective quota of NFSA coverage thus released, is being regularly utilised by concerned ...

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Insight: meet of Narsee Monjee College

adminJanuary 29, 20192325 Views0

Insight means the capacity to gain an accurate and deep understanding of something. In its pursuit to shed light on the practical application of theoretical concepts, Insight was evolved.Insight, with its inception in the year 2016, is the annual Business, Finance, and Economics meet of Narsee Monjee College. Spread across a span of three days, Insight provides students from all streams and disciplines a chance to participate and explore. Be it an exposure to the different worlds of business, finance, and economics through the speaker sessions, a chance to discuss and debate world issues at model Parliamentary Debate or our Global Youth Economic Summit, participating and showcasing their acumen through various intellectual events, Insight has it covered. The participants will have t...

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Direct tax collection up 14%

Udaykumar K V MararJanuary 8, 20192359 Views0

The jump in tax collection indicates that the government strategy of covering more in the tax net is proving to be successful. The provisional figures of Direct Tax collections up to December, 2018 show that gross collections are at Rs 8.74 trillion which is 14.1% higher than the gross collections for the corresponding period of last year. Refunds amounting to Rs.1.30 trillion have been issued during April, 2018 to December, 2018, which is 17% higher than refunds issued during the same period in the preceding year. Net collections (after adjusting for refunds) have increased by 13.6% to Rs. 7.43 trillion during April - December, 2018. The net Direct Tax collections represent 64.7% of the total budget estimates of direct taxes for the financial year 2018-19 at Rs 11.50 trillion.So far a...

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Credit Guarantee for Start-Ups

Udaykumar K V MararJanuary 8, 20192131 Views0

The Central government is planning to set up a Credit Guarantee Fund (CGF) for encouraging start-up companies for providing credit facilities. Incentives being provided to Startups under Startup India initiative include: • Self-Certification under 6 Labour Laws & 3 Environmental Laws • Relaxations in Public Procurement Norms • Faster exit under the Bankruptcy Code • Rebates on Patent & Trademark filing fees, support from facilitators and expedited examination of Patent application • Income Tax exemption • Exemption from Income Tax on investments received above fair market value • Funding support under the Fund of Funds for Startups • Guidance and facilitation support from Startup India Hub Department of Industrial Policy and Promotion hosted Startup In...