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LIC IPO prompts slew of rule changes; looks to script mega success

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Roaring success of LIC IPO is what the government will look to achieve The next big thing on the financial scenario of the country is definitely going to the Life Insurance Corporation of India’s IPO. The LIC has, over the past so many years, played companion to a good number of people across the country. It’s like almost everyone has opted for some cover offered by the life insurer and people continue to be part of the LIC scheme of things even after so many private insurers had made their advent. Now with the Union government having decided to let the LIC of India hit the market with an IPO, it is a big step ahead for the life insurer. The government is doing all it can to make the IPO a grand success. Mega marketing push for LIC IPO There is a slew of mega ventures being undertaken by the Centre in a bid towards this. If one looks at recent things in this regard, it becomes clear that there has been measures to adjust capital-markets rules, publishing of newspaper advertisements, me...

Has the BJP failed to gauge party issues in Goa?

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Goa BJP faces serious hassles as two top men leave over party attitude towards them The BJP in Goa seems to be facing a peculiar problem. While leaders from other parties are lining up to join the saffron fold in many poll bound states, the Goan scene is a bit different. And, it doesn’t augur well for the ruling party. The developments in the Goa unit of the Bharatiya Janata Party also points at a few internal issues that the party top brass seems to be ignoring. While the party is keen on bringing in senior leaders from other parties to strengthen the party structure, it is also ignoring the leaders who had toiled hard to build a face for it in Goa. For instance, Michael Lobo, the Port and Waste Management Minister in the Pramod Sawant government, and two-time MLA of the BJP, has quit just ahead of the Assembly polls. The resignation comes in the wake of Lobo realising that he is no longer wanted by the party. BJP leaders Lobo, Zantye quit party ahead of polls What makes Lobo think so...

A nation is at peril when the PM stays silent on hate crimes

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Will the letter from IIM students and faculty members urging PM Modi to end silence over attacks on minorities yield result? A nation that till recently took pride in its secular ideals has found the foundation of that very pride shaking. The developments that had sent the secular-minded Indian into a state of panic have been on the increase, and no concrete intervention has come from those that are supposed to uphold religious harmony. Not doing anything to preserve peaceful co-existence of various communities that form a nation called India is one major flaw. Added to that, when a government, which is expected to intervene to stop such things from happening, does exactly the opposite and remains a mute witness to the crimes that are committed, it becomes a matter of grave concern. With the attack on  minorities  reported from certain quarters, it was expected that the government, which is actually a team of democratically-elected persons who swore by the Constitution that holds aloft...

As Covid-19 cases zoom, Maharashtra brings in stringent curbs

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Maharashtra has listed out a slew of measures in its bid to stop further spread of Covid-19 The surge in Covid-19 cases has prompted the government of Maharashtra to usher in more stringent curbs. Besides a night curfew that starts at 11 pm and ends at 5 am the next morning, a notification from the Department of Revenue and Forest, Disaster Management, Relief and Rehabilitation, states that movement of people in groups of five or more shall be prohibited during the non-curfew hours. Essentially, the state government wants to make sure that the people do not crowd on the streets or public spaces, or go out of homes if it is not absolutely necessary. Maintaining maximum social distancing would be the best thing to do as the virus rise continues unabated. As per the new Covid prevention norms, Maharashtra has also notified that eateries and restaurants shall be allowed to function only at 50 percent capacity, and that too only between 8 am and 10 pm. Further, the restaurants will have to ...

It’s been a tough virus era for the self-employed workers: Here’s why

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Research finds working hours of self-employed workers saw a significant drop during the crisis period The era of the coronavirus has brought in much impact to the livelihoods of people around the world. The successive lockdowns and restrictions imposed by the governments have come about as a bolt from the blue not just small businesses but also the workers they have employed. Even tougher has been the conditions of the self-employed individuals around the globe. The self-employed have been found as the most-hit section of people as the virus spread without any pause. It has been found that working hours of these self-employed people saw a significant drop during the crisis period. A  study  published by economists Ron Diris, Egbert Jongen and Olaf van Vliet from Leiden University in the journal Economisch Statistische Berichten has brought to the fore the impact they virus had on self-employed workers. Average work hours of self-employed workers saw huge dip It found that average hours...

Covid-safe Gangasagar Mela: Is that actually possible?

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Going ahead with the Gangasagar Mela, where thousands are expected to converge, doesn’t seem to be a sensible idea Despite the warnings and precautionary protocols aimed at keeping the coronavirus spread in check, certain parts of India have been witnessing huge crowds and zero social distancing. The rallies taken out by various parties in poll-bound states were an example of how irresponsible people can be. Though many parties have,  of late , decided to put off or cancel such large gatherings scheduled as part of election campaigns, the extent of damage already done is not small. The latest we hear is about the Gangasagar Mela, which coincides with the Makar Sankranti. Every year, the religious fair hosts pilgrims and tourists arriving in large numbers to take a holy dip in the confluence of Ganga and Bay of Bengal, and offer prayers at the Kapil Muni Temple. With Bengal already reeling under the onslaught of the surge in Covid-19 cases, it had turned out to be a matter of concern wh...

BMW showcases concept car that can change colour

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BMW iX Flow is a new concept car that enables owners to change its colour at the click of a button The modern age, more often than not, rates people with the car they own. And BMW seems to know that better than anyone else. After having rolled out a slew of luxury vehicles for the rich, the car maker is now looking at bringing in a brand new addition to its services that no other company has done before. We are talking of a new concept that BMW has showcased. Christened BMW iX Flow, the new concept car enables its owners to change its colour at the click of a button. Doesn’t that sound awesome? The new BMW innovative SUV concept comes inspired by the electric iX SUV, launched back in 2021. The car has embedded electrophoretic technology that has the capability to change colours from black to white. It also can help mix black and white to form an array of hues across its body. BMW colour changing concept showcased BMW has lined up its new concept as a car that can help expresses yoursel...