India's working age population (age 25-64) is rising as a...
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FPIs inject Rs 27,856 cr in equities in Sep so far on US rate cut expectations
Foreign Portfolio Investors (FPIs) have been consistently buying...
India jumps to Tier 1 in Global Cybersecurity Index 2024
India topped the chart for adopting measures like legal,...
White House considering intellectual property waiver for COVID-19 vaccines
Critics say waiving the WTO’s agreement on Trade-Related Aspects of Intellectual Property could reduce the safety of vaccines, and that setting up production in new places would sap resources needed to boost production in existing locations.
The United States and several other countries have thus far blocked negotiations at the World Trade Organization (WTO) about a proposal led by India and South Africa that would waive the IP rights of pharmaceutical companies to allow developing countries to produce COVID-19 vaccines.
Covishield, Covaxin effective against ‘Indian strain’ of coronavirus, study suggests
“Very preliminary but encouraging result: #Covishield protects against #B1617. Early results using in vitro neutralization assay show that both convalescent (prior infection) sera and Covishield vaccinated sera offer protection against the B.1.617 variant, aka #DoubleMutant,” CCMB Director Rakesh Mishra tweeted last week.
India politicians promise to pay women for housework
Out of five states that count votes on Sunday, three are likely to implement the stipends. Both the ruling coalition and the opposition contenders down south in Tamil Nadu and Kerala have promised monthly income support to homemakers. That includes the country’s main opposition Congress party, which has pledged 2,000 rupees ($27) for homemakers each month in both the northeastern state of Assam and Kerala.
“Monthly income support by state governments — if implemented effectively — will put money in the hands of those who have been cash-strapped during the pandemic and address their unmet consumption needs,” she said. “This can also contribute towards creating demand in the economy as a whole.”
India’s LIC emerges as the 3rd strongest and 10th most valuable global insurance brand in 2021
According to the latest report released by Brand Finance the total value of the world’s top 100 most valuable insurance brands has declined by 6 per cent, decreasing from $462.4 billion in 2020 to $433.0 billion in 2021
12 Chinese brands in ranking account for 30% of total brand value as brands leverage significant volume premium of Chinese market
US brands buck negative sector trends – 26 brands featured record 14% cumulative brand value growth year-on-year
Maha lockdown to be extended by 15 days beyond Apr 30: Tope
In view of the alarming rise in the COVID-19 cases, the Maharashtra government on April 4 announced a weekend lockdown and restrictions on the movement of people in the night during the weekdays till April 30.
The government had also clamped other restrictions like the closure of private offices, theatres and salons to curb the unprecedented surge in the cases.
Indians rush for vaccines as coronavirus toll tops 200,000
“The situation is horrific, absolutely terrible … Everyone is afraid, every single person. People are afraid that if I am talking to a person, maybe I won’t get to talk to them tomorrow or in the near future,” New Delhi resident Manoj Garg said.
Single vaccine dose cuts Covid-19 transmission by half: UK study
“A new study shows one dose of the vaccine can cut the risk of household transmission by up to 50 per cent. This is further evidence that the vaccine protects you and those around you. When you get the call, get the jab,” said UK Health Secretary Matt Hancock.
India’s GDP to grow at 11% this fiscal, surge in COVID cases may put economic recovery at risk: ADB
For FY2022, India’s GDP is expected to expand at 7 per cent, it added.
China’s gross domestic product (GDP) is forecast to expand 8.1 per cent in 2021 and 5.5 per cent in 2022. East Asia’s GDP is expected to grow 7.4 per cent in 2021 and 5.1 per cent in 2022, it said.
Further, it said the gross domestic product (GDP) of South Asia is expected to rebound to 9.5 per cent this year, following a contraction of 6 per cent in 2020, before moderating to 6.6 per cent next year (2022), it said.
ADB said the economic growth in developing Asia is set to rebound to 7.3 per cent this year, supported by a healthy global recovery and an early progress on COVID-19 vaccines. The projected resurgence follows a 0.2 per cent contraction last year.
Russia fines Apple $12 mln for alleged app market abuse
The Federal Antimonopoly Service (FAS) said on Tuesday that U.S. tech giant Apple’s distribution of apps through its iOS operating system gave its own products a competitive advantage.Facebook, TikTok and Alphabet’s Google have also come under fire. The FAS said in a statement it had imposed a turnover fine on Apple of 906.3 million roubles ($12.1 million) for the alleged violation of Russian anti-monopoly legislation.
India’s second COVID-19 wave may impede economic recovery, says S&P
S&P, which has a long-term credit rating of ‘BBB-‘ on India, just one notch above junk, said it may have to revise its base-case assumption of 11% growth over fiscal 2021/2022, especially if wider containment measures are re-imposed.