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West Bengal, Bihar most impacted by arsenic contamination: Centre tells NGT
“States of West Bengal and Bihar are reported to be most affected...
GST Council approves ‘Track and Trace Mechanism’ to curb evasion
"The system shall be based on a Unique Identification Marking which...
No need yet to adapt Pfizer vaccine for Covid variants: BioNTech Chief
“Making a decision at the moment might turn out to be wrong in three or six months if another variant is dominating. Therefore the timing of the decision must be appropriate,” he said.
Indian bankers face legal risks as court rulings threaten over $6 billion in loans
Two rulings by India’s Supreme Court that threaten the repayment of loans totalling nearly Rs 50,000 crore ($6.73 billion) to some of India’s largest banks
Any failure to recoup the money adds to stress in the banking sector, which is already dealing with an increased level of bad loans and reduced profits because of the impact of the pandemic.
Rajasthan announces Rs 5 lakh compensation for kin of those killed in rain-related incidents
Under the State Disaster Relief Fund (SDRF) rules, financial assistance of Rs 4 lakh is provided to the dependent of the deceased. An additional sum of Rs 1 lakh will be provided to the family members of the deceased and in total, Rs 5 lakh will be provided as relief, an official statement said.
Tap water for rural homes: Chattisgarh lagging in 30th position, says Union minister
“Some states have done good work. Telangana, Goa, and two Union Territories have achieved a cent-percent target. Some states have set targets to complete work under the mission by 2021, while some by 2022 and 2023. There are 74 districts and over 1,000 village panchayats in the country where all rural households have a tap water connection,” he said.
IDBI Bank strategic sale: 7 firms in race for transaction advisor
LIC, currently having management control, has a 49.24 percent stake, while the government holds 45.48 percent in the bank. non-promoter shareholding stands at 5.29 percent.
The exact quantum of stake dilution would be decided later.
India reports 39,070 COVID-19 cases in last 24 hrs, active cases stand at 4,06,822
India’s COVID-19 vaccination coverage crossed the landmark of 50 crore yesterday. As per government data, cumulatively, 50,68,10,492 vaccine doses have been administered so far. As many as 55,91,657 vaccine doses were administered in the last 24 hours, stated the Health Ministry
India to Indonesia: Asian economies challenged by Delta Covid variant
Supply chains from Vietnam to Thailand, where outbreaks are surging, have also been interrupted, with factories that make goods for Nike Inc. and Adidas AG shutting down over virus restrictions, potentially missing out on the crucial holiday shopping season. That raises the prospect of Asia’s delta hit reverberating worldwide, if exports are delayed longer term.
“The current delta wave in Asia may snarl production networks further,” said Frederic Neumann, co-head of Asian economic research at HSBC Holdings Plc in Hong Kong. “The risk is that growth scars linger for longer.”
Did inequality in US increase during pandemic? Wait for more data to get answers
Researchers at the Urban Institute estimated last month that, thanks to big job gains and the benefits included in the American Rescue Plan approved in March and earlier pandemic-aid legislation, the share of Americans below the poverty line would fall to 7.7 per cent this year from what they estimated using the same methodology to have been 13.9 per cent in 2018.
The bottom half did enjoy a bigger percentage wealth gain than the top 1 per cent —30.3 per cent versus 20.7 per cent since the end of 2019 — although because it had so little wealth to start with, that amounted to just $609 billion in new wealth versus $7.1 trillion for the 1 per cent.
Still, the total wealth of the bottom 50 per cent in the first quarter of this year amounted to 6.3 per cent of that of the top 1 per cent, up from 5.8 per cent at the end of 2019 and the highest such percentage since 2007. In that sense, at least, inequality between the top and bottom decreased.
Depict real picture of job loss: Parliamentary panel to Labour Ministry
It observed that despite Covid-19 pandemic, net EPFO payroll addition for 2020-21 was 77.08 lakh which is almost at par with 2019-20 net payroll addition of 78.58 lakh.”However, the Committee’s attention has been drawn to a study conducted by the Azim Premji University according to which nearly half of the formal salaried workers moved into informal work either as self-employed (30 per cent), casual wage (10 per cent), informal salaried jobs (9 per cent) between late 2019 and late 2020.”
ICMR study finds mix of Covishield, Covaxin yields better results
These findings have an important implication for the COVID-19 vaccination program wherein heterologous immunisation will pave the way for induction of improved and better protection against the variant strains of SARS-CoV-2.
Such mixed regimens will also help to overcome the challenges of shortfall of particular vaccines and remove hesitancy around vaccines in people’s mind that could have genesis in programmatic ‘errors’ especially in settings where multiple COVID-19 vaccines are being used, the study highlighted.