Category:

Eco/Invest/Demography

Indian monsoon rains above average for second year in a row

The monsoon delivers about 70% of India’s annual rainfall and determines the yield of crops such as rice, wheat, sugarcane and oilseeds.Farmers are likely to expand areas planted with winter-sown crops due to the ample soil moisture and an increase in the price the government pays for some crops, said Subhranil Dey, senior research analyst at commodity brokerage SMC Comtrade Ltd in New Delhi.

read more

Unlock5: Centre permits schools, colleges, cinemas to reopen from October 15

However, the ministry said that restrictions on international travel, except those permitted by the Centre, will continue. Swimming pools being used for training of sportspersons will be allowed to open for which the standard operating procedure (SOP) will be issued by the Ministry of Youth Affairs and Sports.
The lockdown shall continue to be implemented strictly in the containment zones till October 31, the ministry said. The home ministry reiterated that states will not impose any local lockdown outside the containment zones without prior consultation with the central government. There will be no restriction on inter-state and intra-state movement.

read more

Private sector must focus on PPP to develop modern healthcare facilities in rural area:Venkaiah Naidu

The National Digital Health Mission has the potential to unlock ₹1.5 trillion in incremental value for India’s healthcare industry in about 10 years, said a joint publication by Boston Consulting Group (BCG)  and FICCI titled “Leapfrogging to a Digital Healthcare System: Reimaging Healthcare for Every Indian”

read more

Financial firms and governments deeply sceptical of cryptocurrencies: survey

Around 60% of respondents from financial firms, government and the private sector alike to the survey by the Royal United Services Institute think-tank and the Association of Anti-Money Laundering Specialists said cryptocurrencies were a risk rather than an opportunity. Illicit usage was the major concern.
The findings, one of the most detailed efforts yet to map out mainstream global views towards cryptocurrencies, lay bare the depth of skepticism towards the emerging tech.

read more

Lloyd’s launches “first-of-its-kind” parametric business interruption insurance policy for SMEs

Parametrix Insurance offers simple and reliable coverage by removing the traditional indemnity trigger that most insurance policies today use. Instead, the new solution uses a parametric trigger, meaning that the policy automatically pays out if a customer’s critical IT services – such as cloud, e-commerce or payment systems – are disrupted. This significantly reduces the time insurers spend assessing a loss or adjusting a claim.

The new product is led by Tokio Marine Kiln (TMK) and supported by other members of Lloyd’s Product Innovation Facility including RenaissanceRe. It is the first off-the-shelf parametric IT downtime policy tailored towards SMEs.

read more