Alaska Travel Restrictions: Test-Based Alternative To Quarantine For Travelers

As states begin to open up again and the summer heat starts kicking up, an excursion to Alaska to take in the cooler temperatures might be an option. But, because of its location geographically, there are a few things you might need to prep for since it sits next to Canada. This includes any COVID-19 related travel restrictions in place in Alaska. Alaska has announced a new test-based policy for travelers entering the state. This gives travelers other options to the 14-day self-quarantine that has been required since March. Note…

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International air travel once situation normalises: Hardeep Puri

Civil aviation minister Hardeep Puri said on Wednesday that India would open up skies for international air travel once the situation normalises so that such cross-border travel will not pose any danger to citizens. In a series of tweets, Puri sought to reassure a group of non-resident Indians who are normally resident abroad but are currently stranded in India that they could fly out during the third phase of the Vande Bharat Mission that will operate between 9 June to 30 June. For normal international operations, India has to take…

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Haryana govt to bear three months interest on education loans by students: CM Khattar

The Haryana government will bear three months interest on education loans taken by thousands of students in the state, Chief Minister M L Khattar announced here on Wednesday. “Haryana government will pay the interest of three months of all those students who are completing their education this year or who have already completed their education in the previous year, but have not been able to start their jobs or business due to this coronavirus pandemic. As many as 36,000 students will be benefitted,” he said in a televised address to…

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Finovate Capital: A bridge to finance post-lockdown

Co-founders of Finovate Capital Aljo Joseph (left) and Akshat Birla are set for a busy business cycle in the coming months Image – Aljo Joseph: Sharon Joseph; Akshat Birla:Sheetal Birla In early May and after four months of deliberations, fintech company Finovate Capital finalised a multi-billion dollar deal with the Indian arm of European tyre maker Continental. The Covid-19 lockdown influenced the way the deal was sealed by Finovate’s co-founder and chief business officer Aljo Joseph and its chief product officer Pavan Matai, a former banker at RBL Bank: Through…

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Life of a finance head in the time of COVID-19 in Wallonia

Akash Ohri moved to the Seraing municipality in Liege province of Belgium as the Financial Controller for the industry sector at industrial machinery manufacturer John Cockerill Group in July 2019. The group, having a turnover of 1.3 billion euros, has five verticals and the industry sector is one of them. For Ohri, this move from India to Belgium was a transfer within the company because of a shuffle of responsibilities. Ohri is a board member of the Indian subsidiary CMI Industry Automation and the Chinese joint venture Cockerill Engineering Beijing…

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Is it safe to travel now? It depends.

Although many restrictions are still in place, travel is slowly starting up again. People locked down for months want to stretch their legs, see something other than a screen, and boost the economy. Restaurants and some tourist attractions (Florida’s Universal Orlando Resort, The Museum of Fine Arts, Houston) are opening for local and domestic travel. A few countries (Greece, Italy) are starting to welcome international travelers. But how can you safely explore a world of potentially deadly encounters with friendly people who might infect you (or who you might expose…

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Volkswagen’s new finance offers aim to enable individual mobility

Volkswagen India too has added its name to the list of automakers that are now offering special finance schemes and offers aimed at helping people buy cars through these challenging circumstances. VW’s program, christened Omni-channel mobility solutions, brings together its Power Lease and Secure offerings so as to tend to the distinctive requirements of its customers. The automaker assures now that individual mobility is on everyone’s mind, these solutions will help ease at least some of the financial stress customers may experience. This bouquet of offerings includes Volkswagen Power Lease,…

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Engineers develop near-zero emissions engine technology

Southwest Research Institute engineers have developed the next generation of clean diesel engine technology to reduce hazardous nitrogen oxides (NOx) and carbon dioxide emissions while minimizing fuel consumption. Working with regulatory agencies, vehicle manufacturers and suppliers, SwRI combined engine modifications with integrated aftertreatment technology and control strategies to reach near-zero emissions levels. SwRI developed the technology for the California Air Resources Board (CARB), a state organization charged with combatting air pollution. “Through the continued efforts of a multidisciplinary team, SwRI has developed one of the most fuel-efficient, low-emission diesel engines…

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Buying a car during COVID times? Avoid special financing schemes

April was a disastrous month for car makers, as sales were almost nil for most of them. Many car manufacturers have now rolled out schemes to attract buyers. Then, there are discounts and exchange offers too. Should you buy a car by taking such financing schemes, discounts and exchange offers after the lockdown and are they worth it? Naveen Kukreja – CEO and Co-founder, Paisabazaar.com says, “While opting for any of these finance schemes, the customers need to remember that the overall interest cost of these loans would be higher…

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Ujjivan Small Finance Bank Q4 net rises 15% to ₹73.2 cr

Ujjivan Small Finance Bank reported 15% jump in net profit at ₹73.2 crore for the quarter ended March, 2020. It had reported net profit of ₹63.8 crore in the year-ago period. The interest earned in March quarter was ₹737 crore as against ₹536 crore in March 2019. The Gross NPA was 0.97% during the quarter as against 0.95% in December quarter while Net NPA was 0.2% as compared to 0.38% in the previous quarter. The lender made ₹70-crore provisions on account of Covid-19. Net interest margin was at 11.2% in…

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