Oil India Limited (OIL) has inked the Crude Oil Sales Agreement (COSA) with Numaligarh Refinery. The agreement has been signed by the two entities for sale and purchase of crude oil. The COSA agreement is expected to streamline sale and purchase transactions of crude oil which will be produced ...

The corona virus (COVID-19) outbreak could cost the global economy up to USD 2 trillion this year. The UN's trade and development agency warning that shock from the epidemic will cause a recession in some countries and depress global annual growth to below 2.5 per cent. Apart from the tragic human ...

Prime Minister Modi proposed creation of a COVID-19 Emergency Fund based on voluntary contributions from all the countries, with India making an initial offer of US $10 million for the fund. The fund can be used by any of the partner countries to meet the cost of immediate actions. Daily ...

Researchers across the world are exploring possibilities to generate RBCs outside the body (in vitro) from haematopoietic stem cells (HSCs).  These HSCs have the capability to give rise to the different types of cells found in the blood. Various groups have been able to produce RBCs in the ...

Reserve Bank of India (RBI) has made a proposal to write-down Additional Tier-1 (AT-1) bonds as part of the SBI-led restructuring package for Yes Bank. AT-1 bonds are a type of unsecured, perpetual bonds that banks issue to shore up their core capital base to meet the Basel-III norms. AT-1 bonds ...

The central government has notified that masks (2 ply and 3 ply surgical masks, N95 masks) and hand sanitizers as essential commodities up to June 30, 2020, under the Essential Commodities Act, 1955 (EC Act). The invocation of the EC Act aims to ensure that these products, key for preventing the ...

Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST) is set to get a boost with the commissioning of the in vivo evaluation facility for animal studies. The state-of-the-art facility attached to the Technical Research Centre (TRC) of the SCTIMST is equipped to house 40 adult ...

The Cabinet Committee on Economic Affairs has given its approval for the Minimum Support Prices (MSPs) for copra for 2020 season. This is to ensure a return of 50 percent for milling copra and 55 percent for ball copra over the all India weighted average cost of production. The approval is based ...

HIL (India) Limited, a CPSE under the Ministry of Chemical & Fertilizers, Department of Chemicals & Petrochemicals, in association with Union Bank of India to Keeping pace with the Government’s vision of ‘Digital India. It has launched a customer payment portal to collect payment through ...

The World Consumer Rights Day is celebrated on March 15 each year to spread awareness regarding consumer rights. The day aims to demand that the rights of all consumers are respected and protected, and to protest against market abuses and social injustices which undermine those rights. Daily ...

Recently, Microsoft's founder Bill Gates has stepped down from Microsoft's board. Microsoft did not announce any replacement for Gates on the board. Gates also announced that he would be stepping down from the board of Berkshire Hathaway. Since 2004, he has served as a director of Berkshire ...

Reserve Bank of India revised exposure limits for urban cooperative banks (UCBs) to a single borrower and a group of borrowers to 15 per cent and 25 percent, respectively, of tier-1 capital. RBI had earlier permitted UCBs to have exposures up to 15 per cent and 40 per cent of their capital funds ...