“Under this Special Revival Campaign, policies of specific eligible plans can be revived within five years from the date of the first unpaid premium subject to terms and conditions,”
India: McDermott completes Reliance s KG-D6 R Cluster Project
11 Jan 2021
KG-D6 R Cluster subsea field development project and achieved pre-commissioning and ready for startup for
Reliance Industries Ltd, in the Krishna Godavari Basin, located off the east coast of India. The safe and successful completion of Reliance s KG-D6 R Cluster project is a testament to McDermott s subsea experience in the Bay of Bengal,
said Ian Prescott, McDermott s Senior Vice President, Asia Pacific. Pre-commissioning and ready for startup was achieved despite difficult circumstances two severe cyclones during the first campaign and, in the second, navigating the challenging conditions of COVID-19. It is an outstanding achievement and demonstrates McDermott s commitment to reliable execution.
The country s largest life insurer LIC contributed Rs 14,345.70 crore or 58 per cent to the total premium generated during the month, showed data from the Insurance Regulatory and Development Authority of India (Irdai).
Promoters had increased their stake from 50.14% to 55.04% last month through block deals. To buy another 10% at Rs 160 per share, promoters will have to shell out around Rs 5,952 crore.
Inland fisherfolk fear for living as licensing issues rock their boats
Business
January 10, 2021
HYDERABAD: Though the contract system for fishing in inland waters was replaced with licence system 12 years ago in 2008, there has been no relief for fisherfolk, who continue to face problems at the hands of allegedly non-cooperative as well as corrupt government officials.
Reports gathered from the community activists from different waters show that only 15-20 percent boats/helpers have licences, while the rest of the boat owners as well as helpers do not have licences.
Irshad Gandro, a community activist at Keenjhar Lake, said there were around 2,000 small fishing boats operating at this major water body, out of which hardly 20 percent boat owners had licences.