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Tag: protect

PMC Bank assures to protect depositors interest; meets RBI

PMC Bank assures to protect depositors interest; meets RBI

Finance
MUMBAI: Amid instances of deaths and also a suicide, of depositors, troubled PMC Bank's administrator met RBI brass including Governor Shaktikanta Das on Wednesday. "It was assured that the bank will make all efforts to safeguard the interests of depositors and other stakeholders," the statement from J B Bhoria, who was placed as the administrator last month by RBI, said. It also informed that the bank is in the process of recasting its balance sheet to present a "true and fair picture", according to the press release from Punjab and Maharashtra Cooperative (PMC) Bank's administrator Bhoria. The meeting with Das, deputy governor and other senior officials of the Central bank came after police authorities confirmed the death of one more depositor, Fattomal Punjabi (61) due to natural causes...
Stanford scientists invent gel that could protect trees from wildfire

Stanford scientists invent gel that could protect trees from wildfire

Science
Oct. 1 (UPI) -- Tree stands in fire-prone forests could soon get some relief. Scientists at Stanford University have developed a gel-like liquid that acts as a flame retardant. Researchers suggest the material could be used to protect vulnerable trees in wildfire-prone areas, as well as reduce the frequency and severity of wildfires more broadly. Scientists described the material's potential this week in the journal PNAS. "This has the potential to make wildland firefighting much more proactive, rather than reactive," senior study author Eric Appel, an assistant professor of materials science and engineering in the Stanford School of Engineering, said in a news release. "What we do now is monitor wildfire-prone areas and wait with bated breath for fires to start, then rush to put them ou...
Iran sends warships to Gulf of Aden to protect commercial vessels

Iran sends warships to Gulf of Aden to protect commercial vessels

Business
Aug. 26 (UPI) -- Iran dispatched a destroyer and helicopter carrier to the Gulf of Aden to protect its trade ships, a senior Iranian military official announced on Monday. The destroyer Sahand and the carrier Khark will escort ships "to provide security for Islamic Republic vessels in international waters," Iranian Army Chief of Staff Adm. Habibollah Sayyari said. The Sahand, built in Iran and launched in 2018, is regarded as the most advanced warship in Iran's navy. It is equipped with anti-aircraft artillery, torpedoes and surface-to-surface missiles. The United States has sought to to assemble a coalition to protect shipping in the area following attacks in May and June on oil tankers. In July, a British-flagged oil tanker was seized by Iran after an Iranian tanker was seized by the U...
Taking measures to protect home buyers, Centre tells SC

Taking measures to protect home buyers, Centre tells SC

Finance
New Delhi: Prodded by the Supreme Court to frame policy to protect the interests of homebuyers, the Centre on Thursday told the court it is taking steps to rescue real estate companies facing insolvency proceedings and holding consultations with various ministries to chalk out a plan. Appearing before a bench of Justices A M Khaneilkar and Dinesh Maheshwari, additional solicitor general Madhavi Divan informed that the government has introduced a bill in Parliament to amend Insolvency and Bankruptcy Code to smoothen the insolvency proceedings and the finance ministry will also be holding a meeting on Monday to take a decision on giving tax concessions to beleaguered real estate firms to lessen their liability. The Centre’s proposal intends to attract other companies to make a bid to take ov