-Moneycontrol.com The RTI response shows that at least two Companies — Jyoti CNV Automation and AMTZ Basic — to whom an advance was released, were later not recommended by the technical committee constituted under the DGHS There is a vast difference in the prices of ventilators bought under PM CARES fund, and the two of the Companies to whom an advance was released were later not recommended by the technical committee constituted...
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Not possible to fully block Chinese Companies, say officials -Dinakar Peri
-The Hindu “While some measures can be taken, several Chinese investments are quite substantive. It is not possible to fully block them. A worrisome factor is that these Chinese Companies have linkages of some sort with the Chinese military,” one government official said on condition of anonymity. Despite the uproar against the use of Chinese products amid the standoff on the border in eastern Ladakh and the government’s decision to ban several...
More »Ventilators from firms funded by PM CARES fail trials -Priscilla Jebaraj
-The Hindu 2 Companies that got ₹22 cr. advance in May later dropped from Ministry list. Two firms given purchase orders for indigenously manufactured ventilators for COVID-19 treatment funded by PM-CARES have failed a clinical evaluation by the Health Ministry’s technical committee, according to information accessed through the Right to Information (RTI) Act. The firms — Jyoti CNC Automation and Andhra Pradesh MedTech Zone (AMTZ) — had already received ₹22.5 crore in advance...
More »People's Bank of China acquires stake in ICICI Bank
-The Telegraph Move comes amid the standoff between New Delhi and Beijing in Ladakh and Modi govt tightening its rules on FDI from the country Mumbai: The People's Bank of China (PBOC) — the Chinese central bank — is using the portfolio route to pick up stakes in Indian Companies amid the standoff between New Delhi and Beijing in Ladakh and the Modi government tightening its rules on foreign direct investment (FDI)...
More »AIKSCC holds protests against agri Ordinances
-The Hindu Business Line Hyderabad: Hundreds of activists of AIKSCC (All-India Kisan Sangarsh Coordination Committee) have participated in several protest meets in Andhra Pradesh and Telangana on Sunday. They held demonstrations to protests against three recent Agricultural Ordinances and Electricity Amendment Bill, saying the moves will cause harm to the primary sector. Demonstrations were held in 400 villages in Andhra Pradesh and 250 villages in Telangana. The AIKSCC demanded that the Union Government withdraw...
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