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World Bank report findings show large middle-income countries...
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Max Life Insurance Company (Max Life) has announced its...
Retail credit has experienced an increase in serious delinquencies: Report
Mumbai,Dec 22: Retail credit has experienced an increase in serious delinquencies, with loans against property and credit cards being the most affected segments, a report by a credit information bureau said on Wednesday. As of August-end, the loans overdue for...
Rules to stop coronavirus variant stoke chaos at Indian airports
India’s hardest-hit state of Maharashtra, home to financial capital Mumbai, has taken additional measures, quarantining most passengers arriving from Europe and the Middle East for a week. Many European and Middle Eastern countries have also suspended flights from Britain, but act as transit hubs for the big airlines flying into India.
India’s plan to track down and screen all arrivals from Britain since Nov. 25 is also getting stretched.
People who are infected should also take vaccine: Bharat Biotech Chairman
Talking about the company’s efficacy trials of its COVID-19 vaccine, Bharat BiotechChairman & MD Krishna Ella said on Wednesday. said that for the efficacy trials the company has taken 24 centres all over the country so that it has tier I ,tierIIand tier III cities to capture the efficacy in a better way.
On the distribution of vaccines in India, he said India is well prepared for that and Indian immunisation system is very robust, Ella said.
FDI growth story to ‘Go Well’ in 2021 too
Foreign direct investment equity inflows into India crossed the $500 billion milestone between April 2000 to September 2020, strengthening the country’s credentials as an investment destination.
About 29 per cent of the FDI came through the Mauritius route. It was followed by Singapore (21 per cent), the United States, the Netherlands, Japan (each 7 per cent) and the United Kingdom (6 per cent). The other big investors have been from Germany, Cyprus, France and Cayman Islands.
World Bank, govt ink pact for $500-mn project to develop green highways
C S Mohapatra, additional secretary, Department of Economic Affairs, Ministry of Finance, stated that the Government of India is committed to environmentally sustainable development in its infrastructure projects. This project will set new standards in the construction of safe motorable roads.,.
UK identifies new South African coronavirus variant tightens lockdown
Like the UK variant identified earlier, the new variant of the novel coronavirus is also driving a massive resurgence of the disease in South Africa, with experts warning the country is probably facing a much larger second wave.
“Both cases of the new variant are contacts of cases who have travelled from South Africa over the past few weeks,” Hancock said, addressing a briefing from 10 Downing Street.
“This new variant is highly concerning because it is yet more transmissible and it appears to have mutated further than the new variant that has been discovered in the UK,” he said.
COVID-19: India records 23,950 new cases
The number of people who have recuperated from the disease surged to 96,63,382 pushing the national recovery rate to 95.69 per cent, while the COVID-19 case fatality rate stands at 1.45 per cent.
The COVID-19 active caseload remained below 3 lakh for the second consecutive day.
There are 2,89,240 active cases of coronavirus infection in the country which comprises 2.86 per cent of the total caseload, the data stated.
Families of Italian Covid-19 victims seek $122 million from government
The lawsuit is being brought by members of a committee called “Noi Denunceremo” (we will go to court), set up in April to represent the relatives of people who died in Bergamo, one of Lombardy’s worst-affected cities.
The civil lawsuit, which the plaintiffs presented to a Rome court, is against Prime Minister Giuseppe Conte, Health Minister Roberto Speranza and the governor of the northerly Lombardy region, Attilio Fontana.
Italy, the first Western country hit by the coronavirus, has reported seen more than 70,000 deaths from COVID-19 since the outbreak emerged in February, the highest toll in Europe and the fifth-highest in the world. The hardest-hit region is Lombardy, where the first COVID-19 patient was detected on Feb. 20.
Hiring, better appraisals back on India Inc agenda amid Covid-19 pandemic
The pandemic emerged the biggest inflection point for the Indian job landscape. For corporates, work-from-home and remote workers became the new normal, while for professionals, online learning and digital skills took centre stage.
“Yes, the market is showing positive signs of recovery with almost all industries showing growth in hiring but with caution. Overall, the intent to hire recovered smartly from 11 per cent during the lockdown period to 18 per cent for HY (half year), and this number is growing,” said Deval Singh, business head, mobilization (hiring), at TeamLease Services.
U.S. vaccine rollout’s next challenge: Verifying who is ‘essential’
The vaccination campaign under way is now focused on hospital staff and nursing homes, tightly controlled environments where verification is relatively simple. But beginning in January or February, Americans employed in a range of industries will be eligible for inoculation, provided they are essential frontline workers.
The criteria to qualify as an essential, frontline worker varies from state to state. The U.S. Centers for Disease Control and Prevention estimated that roughly 30 million essential workers will be next in line for a shot. An additional 57 million essential workers will be vaccinated later.