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Eco/Invest/Demography

Upstox: Over 70% of 2 mln new customers first-time investors

According to the data from the National Securities Depository, and Central Depository Services, a record 14.2 million new demat accounts were opened in FY21, a near three-fold rise from the previous year’s 4.9 million.

The massive 68 per cent market rally after the meltdown in the first half of 2020 has seen a massive influx of investors into the equity markets during the year when the whole country was under lockdown for long.

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Office supply jumps 75 pc annually during Jan-Jun across 7 cities despite COVID-19

New office space supply stood at 14.38 million sq ft during January-June 2020 across seven cities — Delhi-NCR, Mumbai, Bengaluru, Pune, Kolkata, Hyderabad and Chennai.
JLL India Head (Office Leasing Advisory) Rahul Arora.said,He added that in the second half of the year, if the country can ensure that most of the active workforce gets fully vaccinated, the shift back to office premises will be more feasible and sustainable.

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Flexible, agile vaccination strategy vital in saving lives in India, says Lancet report

The report noted that innovative measures currently being tried in India like establishing satellite vaccination centres closer to hamlets in rural settings and resident welfare associations in urban areas; converting community halls and using large parking spaces for drive-in vaccination; and using mobile vaccination facilities to cover populations that do not live within easy access of vaccination centres.

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Covid first wave led to increase in antibiotic misuse in India: Study

”Antibiotic resistance is one of the greatest threats to global public health,” said the study’s senior author, Sumanth Gandra, an associate hospital epidemiologist at Barnes-Jewish Hospital in the US.

”Overuse of antibiotics lessens their ability to effectively treat minor injuries and common infections such as pneumonia, which means that these conditions can become serious and deadly,” Gandra said.

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Heatwave scorches north India; flash floods render many homeless in Tripura

The northeastern state is being battered by torrential rains for the last 48 hours and besides power and road infrastructure, crops have also been damaged. Though there was some respite for the national capital, temperatures in Punjab and Haryana were recorded above 40 degrees Celsius. Churu in Rajasthan sizzled at 43.6 degrees Celsius, according to the India Meteorological Department (IMD), while it was 43.5 degrees Celsius in Haryana’s Gurgaon, which falls in the Delhi-National Capital Region.

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Data, demographic dividend present huge opportunity; this decade to be ‘India’s techade’: PM

He cited an example of how Digilocker has helped millions of people especially during the pandemic by providing a digital storage facility for school certificates, medical documents and other important certificates.
Modi highlighted that 2.5 lakh CSCs had helped take the Internet to remote areas. Under Bharat Net scheme, work is underway on a mission mode to bring broadband internet to the villages.

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Cyber reinsurance jump 40 % in July renewals -Willis Re

The average ransom payment made by a business to restore data after a cyber attack was $220,000 in the first quarter, up 43% from the last quarter of 2020, according to cyber security firm Coveware.

In addition to the ransom payments, cyber insurance and reinsurance policies can cover the cost of restoring the network, business interruption losses and even the hiring of a PR agency to address reputational damage.

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