New Delhi, July 27 (IANS) Maharatna public sector company REC Limited clocked a 16.3 per cent rise in standalone net profit to Rs 3,442 crore in the April-June quarter of the current financial year, compared to Rs 2,961 crore in the same period last year.

REC’s Board of directors declared an interim dividend of Rs 3.50 per share for the financial year 2024-25.

The record date has been set at August 9 and the dividend will be paid to shareholders on or before August 23, the company said in an exchange filing.

The country’s leading power project financier reported a 18.7 per cent jump in total income to Rs 13,037 crore during the first quarter from Rs 10,980 crore in the same period last year.

Income from interest earned on loan assets rose by 19 per cent year-on-year to Rs 12,500 crore.

REC’s total loan book stands at Rs 5.3 lakh crore as of June. Its operating margin was 33.77 per cent.

REC is a leading infrastructure finance company and provides loans to State Electricity Boards, state power utilities, state power departments and private sector power majors.

–IANS

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New Delhi, July 27 (IANS) In an effort to address increasing deaths from liver cancer in Southeast Asia, which are projected to double by 2050 to over 200,000 deaths annually, the World Health Organization (WHO) on Saturday called on the countries in the region to urgently scale up efforts to provide universal access to prevention, vaccination, diagnosis, and treatment of viral hepatitis B and C.

Liver cancer is currently the fourth biggest cause of cancer deaths in the region, and the second most common cause of cancer deaths among men.

Saima Wazed, Regional Director, WHO Southeast Asia, said on World Hepatitis Day that we have the knowledge and tools to prevent, diagnose and treat viral hepatitis, yet people with chronic hepatitis B and C are still waiting to access the services they need.

“We need to accelerate efforts to deliver equitable services closer to communities, at the primary health care level,” she noted.

Almost 75 per cent of liver cirrhosis is due to hepatitis B and C infection.

In 2022, the Southeast Asia region accounted for 70.5 million people living with viral hepatitis B and C.

According to the WHO, early testing and treatment can cure hepatitis C and prevent hepatitis B from causing liver cirrhosis and cancer and can help reverse the predictions that liver cancer rates in the southeastern Asia region are set to double by 2050 to over 200,000 deaths annually.

Worldwide, hepatitis B and C combined cause 3,500 deaths per day, with 6,000 people newly infected with viral hepatitis each day.

On the global level, an estimated 254 million people are living with hepatitis B and 50 million people are living with hepatitis C.

Wazed said there are safe and effective vaccines that can prevent hepatitis B infection.

Also, antiviral drugs are highly effective in controlling and preventing disease progression, managing chronic hepatitis B and curing most cases of hepatitis C.

“More needs to be done for these life-saving interventions to benefit each person, irrespective of who they are and where they live,” Wazed noted.

According to the world health body, testing and treatment must be accessible within the community delivered by primary health care facilities and general practitioners, close to where people live and work, and included as part of universal health coverage.

“Accelerated coverage of testing and treatment of hepatitis B and hepatitis C will reduce development of liver cirrhosis and cancer, and ultimately, death,” Wazed said.

–IANS

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New Delhi, July 27 (IANS) In some good news for flyers, Vistara on Saturday said it will offer 20 minutes of free Wi-Fi on international flights, making it the first Indian airline to allow this benefit.

The Tata-Singapore Airlines joint venture airline said the complimentary, 20-minute Wi-Fi access will allow passengers in all cabins to stay connected and is ideal for those who wish to purchase extended Wi-Fi plans using Indian credit/debit cards.

The service, available on Boeing 787-9 Dreamliner and Airbus A321neo aircraft, enables customers to receive one-time passwords via email, facilitating the purchase of extended in-flight Wi-Fi during the active session, according to Vistara.

“We are confident that customers will appreciate this value addition, which aims to make their Vistara journey more convenient, productive, and seamless,” said Deepak Rajawat, Vistara’s Chief Commercial Officer.

Additionally, 50 MB of complimentary Wi-Fi is provided for Business Class and Platinum Club Vistara members.

According to the airline, non-members will be charged Rs 372.74 plus GST for unlimited data access on messaging apps such as WhatsApp.

For internet surfing on these flights, the airline has priced the service at Rs 1,577.54 plus GST, which includes audio and video streaming on social media and the web.

Unlimited data, allowing all streaming protocols, is available for Rs 2707.04 plus GST, said Vistara.

The airline said its in-flight entertainment systems offer nearly 700 hours of content, including movies, TV shows, and audio titles.

–IANS

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New Delhi, July 27 (IANS) Hailing the Union Budget 2024-2025, serial investor and entrepreneur Ronnie Screwvala said on Saturday that allocating Rs 2 lakh crore for education and employment is a game changer for the overall growth of the country.

Furthermore, the Budget has allocated Rs 1.48 lakh crore specifically for education, employment, and skilling, underscoring the government’s commitment to these vital areas.

Screwvala lauded the focus on employment and skilling and making the micro, small and medium enterprises (MSMEs) sector thrive for economic growth and creating 100 million jobs over the next decade.

According to the government, the new Budget initiatives are poised to stimulate the MSME sector, enhance the employability of the workforce, and provide much-needed support to the middle class, ultimately driving inclusive growth and sustainable development for the nation.

“With skilling comes innovation that will lead us to be a creator economy vs a replicator or outsourcing economy. Intellectual Property creation is the wealth of any nation and economy,” he said.

“Budget spends are on the right priorities with Defence, rural, education and agriculture in the top five. This is the right way to unlock India’s demographic dividend,” added Screwvala, co-founder and Chairman of edtech platform upGrad.

Internships and empowering women take the budget to the core of what will make India shine.

On long-term capital gains (LTCG) tax, the entrepreneur said India is one of the lowest capital gains tax countries.

Under the new tax rules, stock investing will attract a 12.5 per cent LTCG (previously 10 per cent) and 20 per cent Short-Term Capital Gains tax (previously 15 per cent).

India’s capital gains tax remains one of the lowest globally, excluding tax havens such as Hong Kong, Singapore and the UAE.

–IANS

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New Delhi, July 27 (IANS) In a bid to boost cyber security for the critical power infrastructure, Indian Institute of Technology, Kanpur (IIT-K) and National Power Training Institute (NPTI), on Saturday, announced a collaboration towards enhancing the research and training capabilities.

The partnership aims to prepare a detailed project report (DPR) for establishing an OT (operations technology) and SCADA (supervisory control and data acquisition system) cyber security lab at NPTI.

These systems are differentiated from the IT systems of power systems operations organisations, such as power distribution utilities or power generation and transmission companies, and the cyber security of these systems is the key.

“With our extensive expertise in cyber security research, this collaboration strengthens our mission to contribute to the nation’s technological advancements to prevent any further cyber-attacks on critical infrastructure,” said Professor Manindra Agrawal, Director, IIT Kanpur.

The cyber security lab will be state-of-the-art and have the most common components used in OT systems at various Indian utilities.

“The lab will be more extensive than what is already present at the C3iHub. It will be a great asset for the power system operators in India to train their workforce in OT and SCADA security,” said Professor Sandeep Shukla, Project Director, C3iHub, IIT Kanpur.

The partnership marks a pivotal milestone towards fortifying the cyber security infrastructure of India’s power grid.

“NPTI is committed to equipping our workforce with the latest technological know-how. The DPR will lay the groundwork for a facility that will provide hands-on training and support the integration of modern technologies in the power sector,” said Dr Tripta Thakur, Director General, NPTI.

–IANS

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