The commerce ministry has also set up an internal strategic group,...
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Ukraine in talks with Marsh on war risk insurance for air transport
Air traffic over Ukraine has been suspended since Russia’s...
SC asks Centre to consider enhancing compensation in hit-and-run accidents
The bench noted that in the last five years, there were 660 deaths...
New coronavirus losing potency, top Italian doctor says
“Pending scientific evidence to support the thesis that the virus has disappeared … I would invite those who say they are sure of it not to confuse Italians,” Sandra Zampa, an undersecretary at the health ministry, said in a statement.
“We should instead invite Italians to maintain the maximum caution, maintain physical distancing, avoid large groups, to frequently wash their hands and to wear masks.”
India tells airlines to keep middle seat vacant as far as possible
The regulator did not elaborate on what load factors or seat capacity would require the middle seats to be left vacant. It said the rules would come into effect from June 3.
India’s May jobless rate at 23.48% – private think-tank CMIE
India’s infrastructure output, contributing nearly 40% in industrial production, contracted 38.1% in April from a year earlier, the worst performance in years, government data showed on Friday.
Southwest monsoon hits Kerala, IMD confirms
The onset of monsoon over Kerala marks the commencement of four-month-from June to September-rainy season in the country. The country receives 75 per cent of the rainfall from June to September.
Mumbai gets first severe cyclone alert in 129 yrs
IMD’s cyclone track shows that Nisarga will cross very close to the Mumbai coast while entering the land. Maharashtra and Gujarat are on pre-cyclone alert as very heavy to extremely heavy rainfall is expected in parts of the states on June 3 and June 4. Fishermen are advised not to venture into the sea for the next few days as it is expected to be very rough.
AM Best maintains its negative outlook on India’s non-life insurance market
Factors that mnay lead to AM Best revising its India non-life outlook to stable fron negative in the future include evidence of sustainable improvement in the underwriting performance supported by better pricing discipine, as well as an improved balance of overall earnings and stabilising of economic indicators, explained AMBest..
India asks internet service providers to block WeTransfer
he order, dated May 18, from India’s Department of Telecommunications (DoT), which was reviewed by Reuters, does not specify a reason for blocking the website, but invokes a clause from conditions laid out for granting licences to ISPs.
The clause directs all licence holders to block websites in the “interest of national security or public interest”.
Covid-19 to shave $25 bn off from top 100 domestic brands’ value: Report
LIC retained its second position with a value of $8.1 billion, followed by Reliance at third ($7.9 billion), Infosys fourth ($7.08 billion), SBI at fifth slot ($6.4 billion).
Moody’s cuts India’s rating to lowest investment grade with negative outlook
Moody’s maintained a negative outlook for the new sovereign rating, citing worsening government finances as the coronavirus continues to hurt the economy.
India’s economy grew 3.1% in January-March, its slowest quarterly pace in at least eight years, and Moody’s expects a contraction of 4% in the current fiscal year, which runs until March 2021, due to the strict lockdown imposed in April and May.
International flight operations to remain suspended till June 30:DGCA
“It is once again reiterated that foreign airlines shall be suitably informed about the opening of their operations to or from India in due course,” the circular issued by the Directorate General of Civil Aviation (DGCA) said.