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IMF raises India’s GDP growth forecast to 7 pc for 2024-25
"The forecast for growth in India has also been revised upward, to...
Robust economies set to drive global insurance growth and profitability, says Swiss Re
Jérôme Haegeli, Group Chief Economist, Swiss Re Jérôme Haegeli,...
India reports 18,795 new COVID-19 cases, lowest in 201 days
The cumulative number of COVID vaccine doses administered in the country so far has reached 87,07,08,636 of which doses 1,02,22,525 were administered in the last 24 hours.
‘Flipping’ by startups poses security threat, says SJM
Ashwani Mahajan, National Co-Convener of SJM – a wing of the Rashtriya Swayamsevak Sangh, says unicorns with over USD 1 billion valuation ‘flipping’ means avoiding Indian regulatory oversight and loss of revenue to the country.
”India has been proud of its startups creating immense value and adding to the GDP of the country. But our happiness remains short-lived when we find that they have not remained Indian any more. Most of these high ticket startups have flipped away and are no longer Indian companies in essence,” he told PTI.
Flipping means a transaction where an Indian company incorporates a firm in a foreign jurisdiction, which is then made the holding company of the subsidiary in India. The most favourable foreign jurisdictions for Indian companies are Singapore, the United States and the United Kingdom.
Cyclone Gulab to make landfall today, IMD issues alert for Andhra, Odisha
A senior scientist of IMD Bhubaneswar Umashankar Das said that the deep depression over the Bay of Bengal that intensified into cyclone Gulab is likely to move nearly westwards and cross north Andhra Pradesh – south Odisha coasts between Kalingapatnam and Gopalpur around midnight of September 26.
Centre could extend Fame II incentive scheme for purchase of personal electric cars, e-cycles: Report
At present the Fame II scheme benefits covers only electric two-wheelers, three wheelers, four-wheeled passenger vehicles and goods carrying vehicles. Under it, vehicles are provided with demand incentives that help to bring down its purchase price. FAME 2 had increased the benefit offered from Rs 10,000 per kWh to Rs 15,000 per kWh. That`s a hike of 50 per cent.
Over 90 pc Indian business leaders feel pandemic pressed need to improve crisis mgmt capability: Study
Puneet Garkhel, Partner and Leader, Forensics Services, PwC India, said that operations and supply chain, finance and liquidity, and workforce are the three areas in which Indian businesses experienced ”significant” or ”critical” impact owing to the pandemic. ”Indian businesses that have survived and even thrived, through this period have several significant foundational strengths in common with the most critical being a dedicated crisis response team with a fit-for-purpose response strategy, aligned to their organisation’s goals and purpose,” said Garkhel.
India needs 4-5 more SBI sized big banks, says FM Sitharaman
Sitharaman also asked the IBA to conduct a digitised mapping of each district of the country with regard to presence of bank branch operation and their location. This, she said, would help to plug areas of gaps with no banking presence effectively.
Of 610,000 cancers reported in 2012-19, 7.9% were childhood cases: Report
The highest proportion of cancer from all sites were reported in the age group 45 to 64 years, except for prostate cancer, which was higher in those over 65. Over 90 per cent of the cancers in different organ sites got diagnosed by microscopic examination, the report said.
Among all the cancers, the highest proportion of distant metastasis at presentation was seen in patients with lung cancer (49.2 per cent males and 55.5 per cent females), followed by gall bladder cancer (40.9 per cent males and 45.7 per cent females) and prostate cancer (42.9 per cent).
The highest proportion of cancer from all sites were reported in the age group 45 to 64 years, except for prostate cancer, which was higher in those over 65. Over 90 per cent of the cancers in different organ sites got diagnosed by microscopic examination, the report said.
470 infra projects show cost overrun of Rs 4.37 lakh crore
Out of the 560 delayed projects, 96 have overall delay in the range of 1-12 months, 128 have been delayed for 13-24 months, 210 for 25-60 months and 126 projects have delays of 61 months and above.
The average time overrun in these 560 delayed projects is 46.94 months.
Reasons for time overruns as reported by various project implementing agencies include delay in land acquisition, delay in obtaining forest and environment clearances, and lack of infrastructure support and linkages.
1.71 cr workers from unorganised sector registered on e-Shram portal in a month: Labour Ministry
Data analysis based on the last week showed that a substantial proportion of women workers in domestic work are getting themselves registered on the portal. This is one category of occupation where women outnumber men.
Besides, women form substantial proportion of workforce in sectors like agriculture as labourers, food industries as helpers and machine operators, apparel industry as helpers and tailors and also in small scale units of tobacco/ beedi rolling and as ASHAs/ ANMs in the healthcare industry.
Therefore, it would not be wrong to assume that most vulnerable groups of women are insured under various protection schemes accruing from registration at the portal, the ministry said. Since week one, Odisha and Bihar have competed with each other to maintain the first position, it stated.
Nairobi to Ningbo: See the supply shocks spanning globe
Container rates have shot up by as much as fivefold because of the disruptions that the pandemic is causing at ports around the world. Space on containers has been hard to secure and at one point, the company had a shipment of finished goods delayed for six weeks trying to leave India, said Adrienne Sodar, the company’s joint managing director.