(Lto R) Shaktikanta Das, Governor, Reserve Bank of India, Nirmala...
Category:
Eco/Invest/Demography
Latest
Salaries in India to increase 9.5 pc in 2024: Aon survey
India continues to roll out the highest salary increases amongst...
Indian regulators seek to crack down on potential fraud in financial sector
While Indian banks have boosted spending on technology to detect...
DGCA,airport authority ignored warnings on Kozhikode table top runway
The runway at Kozhikode, where the latest crash took place, doesn’t have an adequate safety mechanism, especially in wet conditions with a tailwind, a member of the aviation regulator’s Civil Aviation Safety Advisory Council wrote in a letter to top bureaucrats in 2011, a copy of which was seen by Bloomberg News.
A ground arrestor system, similar to those maintained at Air Force bases, should be installed at table top airports to bring any skidding aircraft to a halt, an investigation report into the 2010 crash of another Air India Express jet recommended.
PM Modi launches financing facility worth Rs 1 lakh crore under Agriculture Infrastructure Fund
Already, 11 of the 12 public sector banks have signed memorandum of agreement with the Agriculture Ministry.
Under the fund, about 3 per cent interest subvention and credit guarantee of up to Rs 2 crore will be provided to the beneficiaries to increase the viability of the projects.
Scientists develop low-cost way to test mask against viral droplets
According to the researchers from Duke University in the US, the preliminary, proof-of-principle findings suggest that professional-grade N95 masks, surgical or polypropylene masks, and handmade cotton masks may all block much of the droplet-spray produced when wearers speak.
However, they said bandanas and neck fleeces likely provide little protection, as the scientists observed that more droplets are expelled through these materials.
COVID-19 impact: Major ports’ cargo handling drops 18% to 193 MT in April-July
India has 12 major ports under the control of the central government — Deendayal (erstwhile Kandla), Mumbai, JNPT, Mormugao, New Mangalore, Cochin, Chennai, Kamarajar (earlier Ennore), V O Chidambarnar, Visakhapatnam, Paradip and Kolkata (including Haldia).
These ports handle about 61 percent of the country’s total cargo traffic. These ports handled 705MT of cargo last fiscal.
81% SMEs confident of recovery post Covid, 57% have no cash reserve: Survey
As per the revised criteria,any firm with investment up to Rs 1 crore and turnover under Rs 5 crore is classified as a “micro” enterprise.
Madan Padaki, co-founder of GAME, said Covid-19 has left a devastating impact on the Indian economy, especially micro-enterprises that comprise around 99 per cent of all firms in India
FPIs remain net buyers in first week of August; pump in Rs 8,327 crore
FPIs have been net buyers in the past two months. They invested Rs 3,301 crore in July and Rs 24,053 crore in June on net basis.
Harsh Jain, co-founder and COO at Groww, said that India’s biggest companies have posted better than expected results despite lockdowns and the rising number of COVID-19 cases and FPIs’ investment preferences have also evolved accordingly. “The popularity of bluechip stocks has increased while small and mid-cap stocks are losing favour,” he added.
Cabinet likely to take up proposal for Credit Guarantee Enhancement Corp soon
India requires an investment of whopping Rs 111 lakh crore in infrastructure over the next five years to sustain a healthy economic growth, according to the report of the Task Force on National Infrastructure Pipeline (NIP).
To meet the huge funding requirement, Credit Guarantee Enhancement Corporation would be one of the tools for mobilising funds for infrastructure development, sources said.
Why the Coronavirus Is More Likely to ‘Superspread’ Than the Flu
“There’s this small percentage of people who appear to infect a lot of people,” said Dr. Joshua Schiffer, a physician and mathematical modeling expert who studies infectious diseases at the Fred Hutchinson Cancer Research Center in Seattle. Estimates vary from population to population, but they consistently show a striking skew: Between 10 and 20 percent of coronavirus cases may seed 80 percent of new infections. Other respiratory diseases, like the flu, are far more egalitarian in their spread.
“Millennial buyers and the maturity of digital tools will bring about profound change in insurance distribution models”
Though markets are very different across Asia, almost life insurers now have a digital transformation programs in place in the region, says Alby Van Wyk, Executive Vice President, Asia, Munich Re Automation Solutions. In an exclusive e-mail interview with Asia Insurance Post, he explains how the requirement and demand for IT systems that enables faster delivery and greater agility, will only continue to grow in Asian markets
LIC launches month-long `Special Revival Campaign” for its policyholders
In view of the prevailing circumstances, no concessions are being offered in medical requirements and the same are limited to late fee only; under plans other than term assurance and other high risk plans
Up to Rs.1,00,000, a policy holder can avail 20 per cent (maximum Rs 1500) concession on late fee
– From Rs 1,00,001 to Rs 3,00,000,25 per cent (maximum Rs. 2000) concession on late fee
– From 3,00,001 and above, 30 per cent( maximum of Rs 2500) concession on late fee