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Eco/Invest/Demography

Economy hit by COVID-19 second wave to start recovering from July, says Chief Economic Advisor

Commenting on the stock market situation in the country, he said that the stock market is at a record high as investors believe that the Indian economy will do well.

The CEA said that the prediction of good economic growth and investment by developed nations in the Indian stock market has led the market to a record high. 

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Number of active internet users in India likely to reach 900 mn by 2025, rural may lead: IAMAI

”Vernacular, Voice and Video will emerge as the game changers for the digital ecosystem over the next few years,” Biswapriya Bhattacharjee, Executive Vice President, Insights Division, Kantar said in a statement on the report.
”While internet users grew by 4 per cent in urban India — reaching 323 million users (67 per cent of urban population) in 2020, digital adoption continues to be propelled by rural India – clocking a 13 per cent growth to 299 million internet users (31 per cent of rural population) over the past year,” the report said.

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Ransomware & aggregation issues in US call for new approaches to US Cyber Risk : AM BEST

The loss ratio for cyber insurance rose dramatically in 2020, to 67.8%, from 44.8% in 2019. However, the increase was not limited to just a few insurers—the loss ratio rose for 15 of the 20 largest cyber insurers.

“The rate increases for cyber insurance outpaced that of the broader property/casualty industry, but the increase in cyber losses outstripped the rate hikes, which suggests more trouble for 2021 as ransom demands continue to grow,” said Sridhar Manyem, director, industry research and analytics.

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Global ”hot spots” where new coronaviruses may emerge identified

“Land use changes can have an important impact on human health, both because we are modifying the environment, and also because they can increase our exposure to zoonotic disease,” said study co-author Paolo D”Odorico, a professor at the University of California, Berkeley in the US.

“Every formal land use change should be evaluated not only for the environmental and social impacts on resources such as carbon stocks, microclimate and water availability, but also for the potential chain reactions that could impact human health,” D’Odorico said.

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World food price index surges in May to highest level since 2011 -FAO

FAO also issued its first forecast for world cereal production in 2021, predicting output of nearly 2.821 billion tonnes — a new record and 1.9% up on 2020 levels.

The Food and Agriculture Organization’s food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 127.1 points last month versus a revised 121.3 in April.

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Government issues guidelines for care of children affected by Covid-19

The states need to identify the children in distress through outreach and surveys and prepare a database with a profile of each child, along with the details of their specific needs and requirements, and ensure that the data is uploaded on the Track Child portal.

The National Commission for Protection of Child Rights (NCPCR), in an affidavit to the Supreme Court, said 9,346 children have lost at least one of the parents to the deadly virus, including over 1,700 who have lost both their parents, according to data received from the states

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