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India’s population to stabilise at at 1.8–1.9 billion by 2080 due to falling fertility rate: IASP
While birth rates are falling, life expectancy continues to rise...
FM Sitharaman lays foundation for offices of 15 PSU banks, insurance companies in Amaravati
Sitharaman described the gathering of all major PSU banks and...
Budget 2024-25: FM announces 9 priorities
Presenting her seventh straight budget, Sitharaman said the government undertakes comprehensive review of research to develop climate-resilient seeds. In the next two years, one crore farmers will be initiated in natural farming,Finance Minister Nirmala Sitharaman New...
Somali piracy revives sharply after yrs of quiet
There were eight acts of piracy and hijackings in the first half of this year near the east African country, the International Maritime Bureau, a Kuala Lumpur- and London-based monitoring organization, said in a report Somali piracy — the scourge of merchant shipping...
Without backup plans, global IT outages will happen again
“I’m sure the regulators globally are looking at this. There is limited competition globally for operating systems, for example, and also for the large-scale cybersecurity products like the ones CrowdStrike provides,” said Nigel Phair, a cybersecurity professor at...
CrowdStrike Crisis: Negotiating ‘Blue Screen of Death’ (BSOD) loop
Clear understanding and documentation of cyber insurance policies are essential to determine coverage in connection with such incidents. Insurers could see that their incident response and claims handling teams are stretched thin given the scale of this incident, as...
Economic Survey highlights urgent need for structured elderly care policies in India
Coupled with insights from a NITI Aayog position paper, the survey pointed out that the elderly care industry in India -- currently valued at USD 7 billion (Rs 57,881 crore) -- faces critical gaps in infrastructure, research and know-how for managing geriatric...
Crop insurance to see growth from 2024 onwards, govt tech push to boost sector: Economic Survey 2023-24
"Agriculture premiums will likely rise from 2024 onwards, with an average real premium growth of 2.5 per cent over the medium term, supported by improvements in insurance infrastructure such as mobile applications and remote sensing for crop loss monitoring," the...
Capital markets becoming prominent in India’s growth story Eco Survey
At present, there are over 9.5 crore retail investors and have nearly 10 per cent direct ownership of the market through its almost 2,500 listed companies “The significant increase in retail investors in the stock market calls for careful consideration. This is...
Financial sector outlook appears bright but needs tight vigil on vulnerabilities Eco Survey
"It also needs to provide insurance protection and retirement security to all citizens. The share of insurance and pension fund assets in GDP stands at 19 per cent and 5 per cent, respectively, in India, compared to a high of 52 per cent and 122 per cent in the US and...
Artificial intelligence (AI) taking root in several spheres of Indian economy: Eco Survey
Vision is for India to evolve as a ‘fintech nation’ with the highest number of fintech firms and the highest fintech adoption rate by incumbents fuelled by digital public infrastructure,” the Survey highlighted "An approach should be evolved for common user data, eg...
Unemployment rate declines to 3.2 pc, job & skill creation top priority: Eco Survey
According to the Survey, key areas of policy focus in the short to medium term include job and skill creation, tapping the full potential of the agriculture sector, addressing MSME bottlenecks, managing India’s green transition, deftly dealing with the Chinese...