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Eco/Invest/Demography

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.

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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.

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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.

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MSMEs vulnerable to cyber threats with growing digitalisation: Officials

There is a need to equip these businesses with knowledge and hands-on training on how to identify and combat these threats, and, become more cyber-resilient, Union MSME ministry’s director SK Sahoo said.

Cyber security remains an “area of serious concern” for the MSMEs, and the vulnerabilities of these businesses stem from several factors such as “lack of understanding of cyber security risks, less prioritisation for safety and limited capital allocation, he said in a workshop here.

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Allianz is said planning to offload large U.S. life portfolio

Such deals are attractive to insurers as it helps them manage risk. These insurance blocks have become popular targets for private equity buyers including Apollo Global Management Inc., which set up Athene Holding Ltd., and KKR & Co. as they seek to eke out returns in a low interest-rate environment. American International Group Inc. agreed in July to sell a stake in its life-insurance and retirement-services business to Blackstone, which will also manage some of the unit’s assets. U.S. insurer Prudential Financial Inc. said last week it would sell an annuities subsidiary for $1.5 billion to Carlyle-backed Fortitude Group Holdings LLC. 

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Digital cos’ data hegemony may lead to ‘attention economy’, says CCI chief

While noting that rapid changes are happening in markets, which are increasingly shifting towards a digital platform-centric configuration,Competition Commission chief Ashok Kumar Gupta also pointed out that these platform markets are by their very nature “winner-takes-all or winner-takes-most”.

“Network effects, access to large amounts of data, economies of scale and scope, induced behavioural biases among consumers etc., in digital markets, may heighten market concentration and result in the creation of impermeable entry barriers,” Gupta said.

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