BSE and NSE journey from USD 4 trillion in November 2023 to USD 5...
Category:
Eco/Invest/Demography
Latest
India to emerge as an economic superpower amid looming global economic landscape
The digital revolution in India is another sector where the country...
Crippling heat wave in India peaks at 50 degrees Celsius in Rajasthan’s Phalodi
The punishing heat in India is straining power grids and drying up...
IOC to buy 15 hydrogen buses for Delhi, first-ever attempt in the country to use hydrogen-based mobility as green option
The country’s largest oil refiner and fuel retailer are also setting up a facility at its Faridabad research and development (R&D) centre to produce hydrogen to run the buses, the company said in a statement.
India to play vital role in equitable distribution of COVID-19 vaccines around the world: Pharma industry
”We want the vaccine to be affordable and accessible to all. The Government of India will receive it at a far more affordable price of USD 3-4, since they will be buying in a larger volume. The priority is going to be India and the GAVI countries, after which only, the private market will open up where the pricing would be USD 6-8 per dose” said Serum Institute of India (SII) CEO Adar Poonawalla
Govt extends validity of vehicle documents like DL, RC, permits till Mar 31
“The Union Ministry of Road Transport and Highways has extended the validity of vehicular documents like DLs, RCs, permits etc till March 31, 2021 in the light of need to prevent spread of COVID-19. Ministry has today issued a directory to the states and Union Territory administrations in the regard,” a MoRTH statement said.
Earlier through various notifications, it was advised that the validity of fitness, permit (all types), licence, registration or any other concerned document(s) may be treated to be valid till December 31, 2020.
Brexit offers Britain chance to do financial services differently -minister
Under a system known as equivalence, access to EU markets will not be granted to banks, insurers and other financial firms based in Britain unless their home rules are deemed by Brussels to be “equivalent”, or as robust as regulations in the bloc.
The two sides will aim to agree a memorandum of understanding on regulatory cooperation in financial services by March 2021, and Sunak said that such language should provide reassurance.
Pandemic plus social exclusion equals slide into poverty for millions in informal sector
While the virus affected all classes, the economic fallout of the COVID-19 pandemic was particularly devastating for those in the informal sector who found themselves on the streets, without their livelihoods and sometimes without their homes too.
PM Modi launches Ayushman Bharat scheme for all Jammu and Kashmir residents
The scheme will provide free-of-cost insurance cover to all residents of the UT of Jammu and Kashmir, the PMO said, adding that it will extend financial cover of up to Rs 5 lakh per family on a floater basis to all residents of the UT.
There is provision for operational extension of the ‘Pradhan Mantri Jan Arogya Yojana’ (PM-JAY) to approximately 15 lakh additional families, the PMO statement said, adding that the scheme will operate on insurance mode in convergence with PM-JAY.
Oxford Covid vaccine may be first to get govt nod for emergency use: Report
“Going by this, Oxford vaccine ‘Covishield’ is likely to be the first to be rolled out in India,” a source said.
The process of granting emergency use approval for Bharat Biotech’s COVID-19 vaccine ‘Covaxin’ may take time as its phase 3 trials are still underway, while Pfizer is yet to make a presentation.
Japan to ban new entries of foreigners until end-January – Nikkei
Japan on Friday reported its first cases of a fast-spreading variant in passengers arriving from Britain. The new variant has also been detected in a man who visited that country and a family member – the first cases of infected people found outside airport checks – Nippon TV reported on Saturday.
India to become 5th largest economy in 2025, 3rd largest by 2030: CEBR
“India has been knocked off course somewhat through the impact of the pandemic. As a result, after overtaking the UK in 2019, the UK overtakes India again in this year’s forecasts and stays ahead till 2024 before India takes over again,” the Centre for Economics and Business Research (CEBR) said in an annual report published on Saturday.
The UK appears to have overtaken India again during 2020 as a result of the weakness of the rupee, it said.
COVID-19 virus will stay with us for next 10 years: BioNTech CEO Ugur Sahin
“We need a new definition of normal. The virus will stay with us for the next 10 years,” he told mediapersons.