D Y Chandrachud,Chief Justice of India Justice Chandrachud noted...
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Indian economy’s GDP growth in FY 24 could be “very close”: RBI governor Das
He reiterated that the RBI's monetary policy committee remained...
India to grow at 6.8 pc in FY’25, to become upper middle-income country by 2031
"A projected average expansion of 6.7 per cent in this period will...
Over 2,700 Mumbaikars fined for not wearing masks
Mumbai is one of the worst-affected cities in the country in the pandemic, with over 1.5 lakh cases and 7,761 casualties.
Total expected onshore U.S. insured losses from Hurricane Laura around $9bn – $13bn:RMS
RMS estimates an additional US$1.0bn to US$2.0 billion of insured losses to offshore platforms, rigs, and pipelines in the Gulf of Mexico, due to wind and wave-driven damages. Offshore losses were estimated using the September 2020 vintage of the RMS Offshore Platform Industry Exposure Database
Javadekar hints at possible GST cut for vehicles to boost auto sector
Elaborating on the possibilities of the GST rate cut on vehicles segment, he said the details of the proposals are being worked out by the Finance Ministry and he is not privy to all the details.
However,Javadekar said, “naturally in a logical sequence, 2-wheelers, 3-wheelers, public transport vehicles, in that category only, and then 4-wheelers, in that order it should come. I hope that you will get some good news surely very soon”.
Auto industry not in position to make investments for new norms: SIAM
SIAM President Rajan Wadhera noted that demand stimulus for the industry is a must in order to achieve targets listed in AMP 2026.
AMP 2026 is the collective vision of the government of India and the automotive industry on where the various segments of the automotive and auto component industry need to be by 2026 in terms of size and contribution to the overall Indian economy.
The plan envisages taking the auto industry’s gross domestic product (GDP) contribution to 12 per cent from current 7 per cent as also generating 6.5 crore additional jobs over the 3.7 crore jobs that are already there.
US court rules cryptocurrency fundraiser to pay investors $25M to settle class action
The settlement, initially proposed in U.S. District Court in San Francisco in March, received final approval by a federal judge on Friday
India’s COVID-19 tally crosses 38-lakh mark with record single-day jump of 83,883 cases
The national COVID-19 recovery rate has risen to 77.09 per cent and the case fatality rate due to the infection has further declined to 1.75 per cent.
There are 8,15,538 active cases of coronavirus infection in the country which comprise 21.16 per cent of the total caseload, the data stated.
Switzerland freezes $900 m from Angolan insurance businessman
Carlos Manuel de São Vicente was a key figure in Angola’s oil industry, heading a group of companies which sold insurance and reinsurance contracts to state oil company Sonangol.Prosecutors said they froze $1.25 billion in accounts associated with de São Vicente, his family and companies late last year after Swiss banks flagged transfers to them as suspicious. They released most of the accounts in April 2019, save for two, which were in de São Vicente’s name.
Prime Minister Modi’s personal website’s Twitter account hacked
.“We’re aware of this activity and have taken steps to secure the compromised account. We are actively investigating the situation. At this time, we are not aware of additional accounts being impacted. Advice on keeping your account secure can be found here,” a Twitter spokesperson said in an emailed statement.The tweets, which have since been taken down, asked the followers to donate to the PM National Relief Fund through cryptocurrency.
Insurers must do more to support COVID-19-related mental health issues:GlobalData
The Health and Safety Executive (HSE) found that 12.8 million UK working days were lost in 2019 because of work-related stress, anxiety and depression. While the HSE has continued to raise the issue of remote-working staff’s mental health during the pandemic, insurers are penalizing policyholders for flagging any related issues. Consumer campaign group Fairer Finance has found that insurers such as Budget, Virgin Money, Beagle Street and Canada Life are actually increasing the cost of premiums for consumers that declare minor stress issues.
COVID-19 pandemic will push 47 million more women, girls into extreme poverty by 2021: UN
The pandemic will push 96 million people into extreme poverty by 2021, 47 million of whom are women and girls. This will increase the total number of women and girls living in extreme poverty to 435 million, with projections showing that this number will not revert to pre-pandemic levels until 2030, the UN agencies said.