Justice M Dhandapani gave the ruling in a recent order, while...
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France uses tough, untested cybercrime law to target Telegram’s Durov
Pavel Durov, CEO, Telegram The so-called LOPMI law, enacted in...
Rate cut to be based on long-term inflation trajectory: RBI Governor
Shaktikanta Das, Governor, Reserve Bank of India I would like to...
India’s fiscal response to COVID conservative, need large stimulus: Report
Azim Premji University’s .report, ‘State of Working India 2021: One Year of Covid-19,’ said the impacts of the second wave are still unfolding and may be as large, or larger than the first one.
Further, coming as it does on the back of depleted savings, debt, and reduced fallback options, the second wave can lead to potentially larger impacts on work, incomes, food security, health and education, the report said.
COVID-19 resurgence bringing renewed challenges for India; GDP growth seen at 9.5 pc: Fitch
With 8.5 hospital beds per 10,000 population and eight physicians per 10,000, the country’s healthcare sector is not equipped for such a crisis. Hospitals across the country have filled to capacity and in addition to oxygen running out, intensive care units are operating at full capacity and nearly all in the country ventilators are in use.
Covid, Cyber, Compliance and ESG top risk concerns for financial services sector: Allianz
“The financial services sector faces a period of heightened risks. Covid-19 has caused one of the largest ever shocks to the global economy, triggering unprecedented economic and fiscal stimulus and record levels of government debt,” says Paul Schiavone, Global Industry Solutions Director Financial Services at AGCS. “Despite an improved economic outlook, considerable uncertainty remains. The threat of economic and market volatility still lies ahead while the sector is also increasingly needing to focus on so-called ‘non-financial’ risks such as cyber resilience, management of third parties and supply chains, as well as the impact of climate change and other Environmental Social and Governance (ESG) trends.”
Be prepared for third Covid wave, have buffer stock of oxygen: SC to Centre
A bench of Justices D Y Chandrachud and M R Shah said: We need to prepare for the third surge of COVID-19 which may have altogether different parameters. We have to be ready for that. We have been reading that some experts have said that the third surge will be more harmful especially to children.
“We understand children are more resilient as compared to elders but we have to also consider that they themselves will not go to hospitals and their parents will have to take them making them vulnerable.
U.S. reverses stance, backs giving poorer countries access to COVID vaccine patents
Pharmaceutical companies working on vaccines have reported sharp revenue and profit gains during the crisis. The industry’s biggest lobby group warned that Biden’s unprecedented step would undermine the companies’ response to the pandemic and compromise safety.
Monsoon onset over Kerala likely on June 1: Ministry of Earth Sciences Secy
”Monsoon 2021 update: India MET department extended range forecast suggests monsoon will arrive over Kerala on time, around 1 June. This is an early indication. India MET department official monsoon forecast on 15 May and rainfall forecast update around May 31,” he tweeted.
EU seeks India’s support for plastics treaty, draft summit statement says
The draft statement said the EU and India would hold regular meetings to increase collaboration in areas including renewable energy, energy storage technology, and modernizing power grids. India aims to have 450 gigawatts (GW) of renewable energy generation capacity by 2030, roughly five times the 93GW it has today.
Chamoli cloud burst: Situation under control now, report of damage being compiled, says official
District Magistrate Swati Bhadoria had informed that the ongoing NTPC (National Thermal Power Corporation) projects in the Tapovan area of Uttarakhand have been halted due to a rise in the water level of the Rishiganga river.
India’s Covid deaths could double in coming weeks, forecasters warn
While coronavirus cases can be hard to predict, particularly in a sprawling nation like India, the forecasts reflect the urgent need for India to step up public health measures like testing and social distancing. Even if the worst estimates are avoided, India could suffer the world’s biggest Covid-19 death toll. The U.S currently has the largest number of fatalities at around 578,000.
RBI allows fresh moratorium for small borrowers as COVID-19 cases spike
“Small businesses and financial entities at the grassroot level are bearing the biggest brunt of the second wave of infections,” Reserve Bank of India Governor Shaktikanta Das said, as he announced a slew of other measures to enhance liquidity and boost lending to various needy sectors.