Indian News

Rajiv Kumar,Vice Chairman,Niti Aayog

Second Covid wave could spark greater economic uncertainty: Niti Aayog VC

Eco/Invest/Demography, Risk Management       Apr 18, 2021

  New Delhi: The country needs to prepare for "greater uncertainty" in terms of consumer as well as investor sentiments due to the second wave of coronavirus infections, and the government will respond with fiscal measures as and when required, Niti Aayog Vice Chairman Rajiv Kumar...

Gold imports up by 22.58% to $34.6 billion in 2020-21, CAD takes a beating

Eco/Invest/Demography, Wealth Management       Apr 18, 2021

  New Delhi: Gold imports, which have a bearing on the country's current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data. Silver imports during...

COVID-19 hits passenger vehicle exports; shipments tumble 39 pc in FY21

Eco/Invest/Demography, Non-Life       Apr 18, 2021

  New Delhi: Passenger vehicle exports from India declined by 39 per cent in the last fiscal as disruptions caused by the COVID-19 pandemic put brakes on the overseas shipments. Most of the damage was done in the first six months of the last fiscal when...

8 Indian states highly vulnerable to climate change: Report

  New Delhi: Eight Indian states -- Jharkhand, Mizoram, Odisha, Chhattisgarh, Assam, Bihar, Arunachal Pradesh and West Bengal -- are highly vulnerable to climate change, according to a national climate vulnerability assessment report. These states, mostly in the eastern part of the country, require prioritization of...

India reports 2,61,500 new COVID-19 cases, 1,501 deaths

Eco/Invest/Demography, Health, Life, Non-Life, Pandemic       Apr 18, 2021

  New Delhi: India reported its highest-ever single-day spike of COVID-19 cases with over 2.61 lakh new cases and more than 1,500 deaths in the last 24 hours, according to the Union Health Ministry on Sunday. In the last 24 hours, 1,501 COVID-related deaths were reported...

EU set to ban surveillance, start fines under new AI rules

The European Union is poised to ban artificial intelligence (AI) systems used for mass surveillance or for ranking social behavior, while companies developing AI could face fines as high as 4% of global revenue if they fail to comply with new rules governing the software...

Bhargava Dasgupta, MD & CEO,ICICI Lombard General Insurance

ICICI Lombard's net profit rises 23 % to Rs 346 crore in Q4 FY 21,combined ratio at 101.8 %

Non-Life       Apr 16, 2021

  Mumbai, Apr17: ICICI Lombard General Insurance, the largest private sector general insurance company in the country, at Rs 346 crore, has recorded a 22.6 per cent year-on- year  growth in its net profit in Q4 FY2021. The net profit of the company grew by 23.4...

US lawmakers welcome India''s move to increase FDI in insurance sector to 74 %

Eco/Invest/Demography, Life, Non-Life       Apr 17, 2021

  Washington: Two influential US lawmakers have applauded the Indian government''s move to increase foreign direct investment in the insurance sector from the existing 49 per cent to 74 per cent, saying it will further deepen bilateral trade and investment. India''s Parliament last month passed the...

Finmin widens scope of ECLGS, includes healthcare sector

Eco/Invest/Demography, Health       Apr 17, 2021

  New Delhi: The finance ministry on Friday expanded the scope of the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) which will now cover borrowers from the healthcare segment, apart from the 26 sectors identified by the Kamath Committee. Last month, the government...