The parametric insurance market is projected to reach $39.3 billion...
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India has 1,065 dams 50-100 years old, 224 are hundred plus: Govt
According to the National Register of Large Dams (NRLD-2023...
ICMR sets up India’s first diabetes biobank in Chennai for research
The biobank will facilitate advanced research on the causes of...
Rainfall seven percent below normal in July: IMD
July recorded extremely heavy rainfall over coastal and central Maharashtra, Goa, Karnataka. Several towns and cities in Maharashtra were deluged to very heavy rainfall which resulted in catastrophic events like landslides claiming scores of lives and damaging property.
Forecasters who predicted India’s coronavirus peak see new wave coming
The country may see a worsening of its outbreak as soon as this month, with the next wave peaking in the best-case scenario with less than 100,000 infections a day, or nearly 150,000 in the worst scenario, according to estimates by researchers led by Mathukumalli Vidyasagar and Manindra Agrawal at Indian Institute of Technology in Hyderabad and Kanpur respectively.
States with high Covid rates, such as Kerala and Maharashtra, could “skew the picture,” Vidyasagar told Bloomberg in an email.
479 infrastructure projects show cost overruns worth Rs 4.4 trillion
Out of 541 delayed projects, 109 projects have overall delay in the range of 1-12 months, 119 (13-24 months), 192 (25-26 months) and 121 projects (61 months and above).
The average time overrun in these 541 delayed projects is 45.76 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.
Tata Motors looking at measures to offset impact of semiconductor shortage
“Yes, we are definitely impacted because of uncertainty of supplies but so far we have been able to manage somehow,” Tata Motors President Passenger Vehicles Business Unit (PVBU) Shailesh Chandra told PTI when asked if the company was facing issues in its production activities due to semiconductor shortage.
“We are looking for alternate semiconductors and at times procuring directly from stockists. We are also trying to see if a more standard chip can be used in certain components where we are facing stress. Besides, we are looking at trim mix so that we don’t lose on the sales,” he added.
GST collection of over Rs 1 lakh cr for July indicates economy recovering at fast pace, says Sitharaman
“With the easing out of Covid restrictions, GST collection for July 2021 has again crossed Rs 1 lakh crore, which clearly indicates that the economy is recovering at a fast pace. The robust GST revenues are likely to continue in the coming months too,” the Finance Ministry said.
Equity investors richer by Rs 31 trn this fiscal as bull run continues
V K Vijayakumar, chief investment strategist at Geojit Financial Services said, “First, it is important to appreciate the fact that this is a global bull market. Except a few markets like Egypt and Iran, all other markets are experiencing a bull run.
“The major factors powering this rally are: huge liquidity that has been created by the leading central banks of the world, particularly the US Fed, the historically low interest rates and unprecedented retail investor participation. Of this, the huge global liquidity factor is very important.”
RBI’s new rules on interchange fee, 24/7 bulk clearing facility functional
National Automated Clearing House (NACH) has been made available on all days of the week, effective August 1, 2021.
NACH, a bulk payment system operated by the National Payments Corporation of India (NPCI) facilitates one-to-many credit transfers such as payment of dividend, interest, salary and pension.
It also facilitates collection of payments pertaining to electricity, gas, telephone, water, periodic instalments towards loans, investments in mutual funds and insurance premium.
Long Covid may qualify as disability under federal law: Biden
“We’re bringing agencies together to make sure Americans with long Covid who have a disability have access to the rights and resources that are due under the disability law, which includes accommodations and services in the workplace and school, and our health care system so they can live their lives in dignity,” Biden said.
Myanmar has the highest coronavirus mortality rate in Southeast Asia
In the last seven days, the death rate per capita in Myanmar has surpassed that in Indonesia and Malaysia and has become the worst in Southeast Asia. The country’s healthcare system was quickly overwhelmed by new COVID-19 patients.
Medical oxygen supplies are dwindling, and the government has restricted its private sales in many places, saying it is trying to prevent backlogs. But this has led to widespread accusations that supplies are being channeled to government supporters and military hospitals.
Estimated loss worth Rs 632 crores occurred due to rain, cloudburst, landslide in Himachal
While speaking to ANI, State Disaster Management Authority Director Sudesh Kumar Mokhta said, “So far, 211 people and 438 animals have died in incidents related to rain, cloudburst, and landslide in Himachal Pradesh during this monsoon season.”
“109 houses are fully damaged. Estimated loss worth Rs 632 crores has occurred”, said SDMA Director SK Mokhta. This development comes hours after various incidents of floods, landslides following heavy rainfall were reported in the State.