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Decriminalisation of labour laws, female workforce to drive inclusive growth: official
Sumita Dawra,Secretary, Ministry of Labour & Employment...
Mpox emergency may add to economic, fiscal challenges in some African sovereigns: Fitch
In most of African countries , the number of confirmed mpox cases...
8 Indian states highly vulnerable to climate change: Report
The report, titled ‘Climate Vulnerability Assessment for Adaptation Planning in India Using a Common Framework’, which identifies the most vulnerable states and districts in India with respect to current climate risk and key drivers of vulnerability, was released by the Department of Science and Technology (DST) Secretary Ashutosh Sharma.
Himachal Pradesh, Telangana, Sikkim and Punjab have been categorized as lower-middle vulnerable states. Uttarakhand, Haryana, Tamil Nadu, Kerala, Nagaland, Goa and Maharashtra have been categorized as states with low vulnerability.
COVID-19 hits passenger vehicle exports; shipments tumble 39 pc in FY21
”While the exports of passenger vehicles had dropped by a whopping 58 per cent in the first half of FY21 due to the pandemic and resultant lockdowns, marginal improvement due to multitude of efforts by the OEMs in the second half of FY21 led to the year closing with an overall decline in exports of passenger vehicles by 39 per cent,” SIAM Director General Rajesh Menon told PTI.
Covid-19 will leave deep scars in world economy even after recovery
While $26 trillion worth of crisis support and the arrival of vaccines have fueled a faster recovery than many anticipated, the legacies of stunted education, the destruction of jobs, war-era levels of debt and widening inequalities between races, genders, generations and geographies will leave lasting scars, most of them in the poorest nations.
Second Covid wave could spark greater economic uncertainty: Niti Aayog VC
“Apart from their direct impact on some sectors like the services sector, the second wave will increase the uncertainty in the economic environment which can have wider indirect effects on economic activities. So, we need to prepare for greater uncertainty, both in consumer and investor sentiments,” Kumar told PTI.
How the Kremlin provides a safe harbor for ransomware
On Thursday, as the U.S. slapped sanctions on Russia for malign activities including state-backed hacking, the Treasury Department said Russian intelligence has enabled ransomware attacks by cultivating and co-opting criminal hackers and giving them safe harbor. With ransomware damages now well into the tens of billions of dollars, former British intelligence cyber chief Marcus Willett recently deemed the scourge “arguably more strategically damaging than state cyber-spying.”
Finmin widens scope of ECLGS, includes healthcare sector
“In recognition of the continuing adverse impact of COVID-19 pandemic on certain service sectors, the government has now extended the scope of ECLGS through introduction of ECLGS 3.0 to cover business enterprises in Hospitality, Travel & Tourism, Leisure & Sporting sectors which had, as on February 29, 2020, total credit outstanding not exceeding Rs 500 crore and overdues, if any, were for 60 days or less, on that date,” the statement issued last month had said.
US lawmakers welcome India”s move to increase FDI in insurance sector to 74 %
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...
Covid-19 pushes India’s middle class toward poverty
Now a second wave of Covid-19 has struck India, and the middle class dreams of tens of millions of people face even greater peril. Already, about 32 million people in India were driven into poverty by the pandemic last year, according to the Pew Research Center, accounting for a majority of the 54 million who slipped out of the middle class worldwide.
India has a double mutant Coronavirus variant. Should we be worried?
The new variant, which has a so-called double mutation, is thought to be fueling India’s deadlier new wave of infections that has made it the world’s second worst-hit country, surpassing Brazil, and has already begun to overwhelm its hospitals and crematoriums. The Asian nation has reported more than 14 million Covid cases so far and more than 174,300 fatalities.
Global Covid-19 caseload tops 139.6 mn, death toll surge past 2.99 million
The US is the worst-hit country with the world’s highest number of cases and deaths at 31,575,138 and 566,212, respectively, according to the CSSE.
In terms of infections, India follows in the second place with 14,291,917 cases.