Numerous buildings were destroyed and nearly 3,000 acres (1,200...
Category:
Eco/Invest/Demography
Latest
Modi Govt looks to new economic playbook as risks mount
Prime Minister Narendra Modi Some of the measures proposed in those...
Govt plans to simplify its income tax filing rules in new Budget
The possible changes involve simplifying the language and...
VW CEO says smart cars, not e-cars, are ‘gamechanger’
“Autonomous driving is really going to change our industry like nothing else before,” Diess said in Munich ahead of the official opening of the IAA car show, adding the shift towards electrified cars was “kind of easy” in comparison.
Atal Pension Yojna most popular social security scheme under NPS system
Out of 4.2 crore National Pension System (NPS) subscribers, over 66 per cent or 2.8 crore opted for the APY at the end of 2020-21, says the annual report of the National Pension Systems Trust (NPS Trust).The State Government Scheme ranks second with 11 per cent share, while the central autonomous bodies (CAB) continued to account for the least number of subscribers of NPS with a share of 1 per cent, followed by state autonomous bodies (SAB) with a share of 2 per cent.
“APY is the most subscribed plan among non-metro subscribers. This also reflects the demographic pattern in the country, where more unorganized population segments reside in the non metros, thus accessing the NPS self-initiated plan,” the report said.
Govt determined to vaccinate everyone by December this year: Union Minister Kishan Reddy
”We want to reach out to the last person to be vaccinated in the country, in the most remotest part by December this year. It is also a matter of great pride that India was one of the two countries which invented a vaccine for COVID, besides USA, this raised the stature of Indian scientists and the country in the world,” the release quoted Kishan Reddy as saying.
”As many as 153 countries have sought our vaccines and some even paid the respective companies advance amount, but the government placed an embargo on export till people in our country are vaccinated,” he said.
Google says firmly sees itself as partner to India’s financial ecosystem
According to Google, several of its offerings are built on top of NPCI’s pioneering UPI payment network and infrastructure, “which has grown over 190X in the last 4 years, to processing over INR 6 trillion in value today”.
One in every two families paid over Rs 750 for COVID antibody test in India: Survey
According to the survey, 29 per cent of the respondents said they paid Rs 1,000 or more during their COVID antibody test. Further, 21 per cent said they paid between Rs 750-1000 and 14 per cent said they paid between Rs 500-750.
While, 24 per cent said they paid Rs 250-500 and 7 per cent said they paid less than Rs 250. 5 per cent respondents did not say anything. “On an aggregate basis, 50 per cent of citizens who got a COVID antibody test done paid over Rs 750 for it,” said LocalCircles release.
Judicial reforms for strengthening contract enforcement next focus for govt: Sanyal
Sanyal said it takes time for disposal of legal matters which makes contract enforcement difficult, and called it the ”single biggest hurdle” for economic expansion.
Asked specifically if judicial reforms will be the key priority of the government, he said, ”To some extent yes…we will now move into the next phase where we will begin to do things related to administrative reforms and judicial reforms, yes.”
He added that the government will also be focusing on privatisation, adding that it is one thing to announce intentions and another do it. Despite the resistance, it will go forward with the asset monetisation plan, he noted.
Marsh launches Flood Risk Index, Indonesia,Brazil,India,Russia and Mexico most vunerable
Over 2.2 billion people are exposed to flooding globally.1 Since 1980, over 4,500 flood disasters resulted in over $1 trillion in damages, accounting for 40% of natural catastrophe losses globally.
The five G20 countries with the largest shares of population and economic assets exposed to flooding are:China,India,Argentina,Russia,Germany
In the event of flooding, the five G20 countries where people and economic assets are most vulnerable to harm are:Indonesia,Brazil,India,Russia,Mexico
FSDC asks regulators to keep constant vigil on financial sector
It also discussed issues relating to management of stressed assets, strengthening institutional mechanism for financial stability analysis, framework for resolution of financial institutions and issues related to IBC, banks’ exposure to various sectors and government, data sharing mechanisms of government authorities, internationalisation of Indian rupee and pension sector related issues.
LIC picks up nearly 4 pc stake in Bank of India through open market transaction
LIC has picked up nearly 3.9 per cent (15,90,07,791 shares) of the bank through open market acquisition on September 2, 2021, Bank of India said in a regulatory filing.
Before the latest acquisition of shares in the bank, LIC held over a 3.17 per cent stake in the state-owned bank.
Improve support for rising numbers living with dementia, urges WHO
The disability associated with dementia is a key driver of costs related to the condition. In 2019, the global price tag was estimated at $1.3 trillion – a number that is projected to rise to $1.7 trillion by 2030, or $2.8 trillion if care costs are included.