Sanjay Malhotra Governor, Reserve Bank of India "As we have to be...
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Industry should realign itself keeping political strategic policies in mind Nirmala Sitharaman
"Supply chains will have to be restored but you would have to reset...
South Africa port operator declares Force Majueure over over cyber attack
The measure covers the Durban, Ngqura, Port Elizabeth and Cape Town harbors because of the effects of the July 22 attack, according to a notice Transnet sent to customers and seen by Bloomberg News.
The issues “continue to persist,” it said. Force majeure is an unanticipated or uncontrollable event that releases a company from fulfilling contractual obligations.”The disruption threatens to have a ripple effect on Africa’s most-industrialized economy, particularly as Transnet’s Durban port handles 60% of the nation’s shipments. The ports are also key to shippers from landlocked African countries including the Democratic Republic of Congo, Zambia and Zimbabwe.
Average power supply 22.17 hrs per day in villages, 23.36 hrs in cities: Power Min
The Centre recently approved the ”Revamped Distribution Sector Scheme – A Reforms based and Results linked Scheme” with the objective of improving the quality and reliability of power supply to consumers through a financially sustainable and operationally efficient distribution sector.
Made in India Sputnik V to be available during September- October- Dr Reddy s
Dr. Reddy, which has tied up with the Russian Direct Investment Fund for Sputnik V in India, soft-launched the vaccine in India in May 2021 after receiving Emergency Use Authorization (EUA) in April 2021.
U.S. will not lift travel restrictions, citing Delta variant -White House
U.S. Centers for Disease Control and Prevention (CDC) director Rochelle Walensky said on Thursday the seven-day average of new cases in the United States was up 53% over the previous week. The Delta variant, which was first found in India, now comprises more than 80% of new cases nationwide and has been detected in more than 90 countries. Psaki also cited the fact that last week, the CDC urged Americans to avoid travel to the United Kingdom, given a jump in cases.
Irani inaugurates Women’s 24/7 helpline number
The helpline aims to provide 24/7 online support to women affected by violence through referral by linking them with appropriate authorities such as police, hospitals, District Legal Service Authority, psychological services etc,It will also provide information about women related government programmes across the country through a single uniform number.
7,938 Janaushadhi centres functional across India: Mandaviya
”The product basket of Pradhan Mantri Bharatiya Janaushadhi Pariyojana (PMBJP) comprises 1,451 medicines and 204 surgicals & consumables covering all major therapeutic groups such as anti infectives, anti-allergic, anti-diabetics, cardiovascular, anti-cancers gastro-intestinal medicines, nutraceuticals, etc,” he added.
IMF cuts India’s GDP growth forecast to 9.5 pc for FY22
IMF joins a host of global and domestic agencies which have cut India’s growth estimates for the current fiscal. Last month, S&P Global Ratings projected a 9.5 per cent GDP growth in the current fiscal and 7.8 per cent in 2022-23.
IMF’s Chief Economist Gita Gopinath said IMF estimates the pandemic has reduced per capita incomes in advanced economies by 2.8 per cent, relative to pre-pandemic trends over 2020-2022, compared with an annual per capita loss of 6.3 per cent a year for emerging market and developing economies (excluding China).
Regulators turn spotlight on company sustainability ratings
The International Organization of Securities Commissions (IOSCO), which groups market regulators from the United States, Europe and Asia, recommended in a consultation paper on Monday that its members consider formally regulating an industry that has so far largely been left to its own devices.
This lack of regulation has prompted concerns among some investors, who say methods of calculating ESG ratings are opaque, and environmentalists, who fear “greenwashing” – or that companies might sometimes get an ESG rating they don’t deserve.
Saudi Arabia threatens 3-year travel ban for citizens who visit “red list” states
“Anyone who is proven to be involved will be subject to legal accountability and heavy penalties upon their return, and will be banned from travel for three years,” the official said. Saudi Arabia has banned travel to or transit at a number of countries including Afghanistan, Argentina, Brazil, Egypt, Ethiopia, India, Indonesia, Lebanon, Pakistan, South Africa, Turkey, Vietnam and the United Arab Emirates.
Lok Sabha passes Factoring Regulation Amendment Bill
The statement of objects and reasons of the bill state that an increase in the availability of working capital may lead to growth in the business of the micro, small and medium enterprises sector and also boost employment in the country.
The bill seeks to amend the definitions of “assignment”, “factoring business” and “receivables”, so as to bring them in consonance with international definitions and also to insert a new definition of “Trade Receivables Discounting System” .