Report said India should now graduate to a higher poverty line,...
Category:
Eco/Invest/Demography
Latest
Strong GDP growth, weak monsoon drove up India’s energy-related carbon emissions in 2023: IEA
''In India, strong GDP growth drove up emissions by around 190 Mt....
App delisting cannot be permitted: Minister Vaishnaw on Google-Indian startups row
"I have already called Google…I have already called the app...
Reduced fear of Covid-19 a reason why less people opting for tests: Experts
“Earlier, there was a lot of panic and even for minor symptoms people were coming to hospitals. But now, they know that if they have minor symptoms, they think they will recover. There is some taboo attached to it. They think that authorities will put up sticker outside their home and their neighbours will come to know,” opined.Manoj Sharma, Senior Consultant, Medicine and Incharge at Medeor Hospital Qutab Institutional Area
IRDAI asks applications for the 2nd cohort of the Regulatory Sandbox
The window for filing of applications shall open on 15thSeptember, 2020 and close on 14th October, 2020.
The IRDAI has created a Regulatory Sandbox whose objective is to use innovative ideas to foster growth and increase the pace of most innovative companies, in a way that provides flexibility in dealing with regulatory requirements and at the same time focussing on policyholder protection.
FM Sitharaman said the economy is facing an extraordinary ‘Act of God’ situation
As per the Centre’s calculation, the compensation requirement by the states in the current fiscal would be Rs 3 lakh crore, of which Rs 65,000 crore is expected to be met from the cess levied in the GST regime. Hence, the total shortfall is estimated at Rs 2.35 lakh crore.
Bajaj Allianz General Insurance launches retail comprehensive cover for pet dogs
The premium for this policy starts from Rs 315 (excluding GST) and varies based on the age, size, gender, covers opted for, plan opted for and sum insured selected. A discount of 5% on premium is provided in case of RFID tagging. Pet dogs are classified into either of Small, Medium, Large or Giant sizes based on the breed of the dog. The product has two plans, which differ based on specific inclusions and exclusions in each.Medical tests for pet dog is not mandatory even at higher ages subject to waiting period for covering certain diseases.
India risks decade of stagnation in income, quality of life if GDP doesn’t grow over 8% annually I
On the reforms front, it advocated attention to manufacturing, real estate, agriculture, healthcare, and retail sectors, unlocking land which can reduce prices by up to a fourth, creating “flexible” labour markets, enabling efficient power distribution to reduce tariffs for consumers by over 20 per cent and privatizing 30 top state-run enterprises.
Monsoon 24% above average in August, heavy rain to continue, says IMD
“There’s no doubt that the quantity of rains has been excellent, but the other important feature of this year’s monsoon is that the rainfall has been very well distributed across the country,” Mrutyunjay Mohapatra, director general of the IMD, said. “And that augurs well for our agricultural output this year.”
SC asks Centre to clarify stand on interest waiver during moratorium
A bench headed by Justice Ashok Bhushan said the Centre had not made its stand clear on the issue despite the fact that ample powers were available with it under the Disaster Management Act and was “hiding behind the RBI”.
Financial technology companies funding in APAC up 9.1% in Q2; India sees 38% dip
“Fintech investments in Asia were primarily driven by India in the last quarter, but investors appeared to have shifted their attention to Southeast Asia and Australia,” S&P Global Market Intelligence Fintech Analyst Celeste Goh said.
Global protection gap for mortality, health and natural cat reach a new high of $1.24 trillion:Swiss Re
Globally, mortality resilience declined the most, driven by a widening of the mortality protection gap in the Asia-Pacific region, where China’s protection gap expanded due to rapidly growing household debt
Health resilience was stable despite some deterioration in emerging markets.
The global health protection gap widened by more than 5% to USD 588 billion.Natural catastrophe resilience was lowest of the three risk areas. Swiss Re Institute expects that health and mortality protection gaps will widen as households grapple with lower incomes, higher healthcare costs and the financial consequences of losing a breadwinner as a result of the pandemic.
Govt debt set to hit historic high of 91% of GDP in FY21: Report
A surge in public debt will restrict the government’s ability to spend significantly in the current decade, as it has done in the past few years, it said.The report says unless private spending picks up strongly, real GDP growth over the next decade will be slower, averaging at 5-6 per cent as against 7 per cent in the 2010s.