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Airlines to mandatorily share int’l passenger data with customs from Apr 1
Details ranging from mobile number, and payment mode to travel...
Prospects of economy expected to improve in 2025: RBI Governor
"We continue to secure and anchor public trust and confidence to...
India logs 34,973 new COVID-19 cases, 260 deaths
As India administered 59 lakh doses of COVID doses on Thursday, the country crossed the landmark milestone of 72 crore of vaccine coverage, said a press release from the Ministry of Health and Family Welfare.
Mutation entry doesn’t create right in favour of individual interest: SC
The apex court said that if there is any dispute with respect to the title and more particularly when the mutation entry is sought to be made on the basis of the will, the party who is claiming title/right has to approach the appropriate court.
Stalin’s new healthcare scheme to be implemented throughout Tamil Nadu
The Chief Minister had said that the scheme was part of the 7 point programme of the DMK government that envisioned “an enhanced quality of life for all”. The Healthcare professionals, including doctors and nurses would screen people for diabetes and hypertension that are generally not properly noticed in the villages of the state. It also involves screening of kidney ailments and other congenital diseases in children and will be followed up through routine hospital treatment.
At 24% deficiency, rainfall recorded in August lowest in 19 years: IMD
The country received 24 percent less than normal rainfall in August. Of the four meteorological divisions of the IMD, the central India division received 39 percent less. The division consists of a large swathe of area from Maharashtra, Gujarat, Goa, Madhya Pradesh, Chhattisgarh and Odisha.
The deficiency in the northwest India division, which comprises northern Indian states, was 30 percent.
UAE lifts entry ban for vaccinated residents of India, some other countries
Dubai, one of the UAE’s seven emirates, is due to open the Expo 2020 world fair on Oct. 1 after a year-long delay due to the pandemic. The regional business and tourism hub is relying on the fair to give its economy a boost.
Organisers had previously said they expect remaining UAE flight restrictions imposed to curb coronavirus infections to be lifted in time for Expo 2020.
India eyes turning 3-wheelers into EVs
Mahua Acharya, MD and CEO,Convergence Energy Services Ltd said there are 5.5 lakh electric three-wheelers (E3W) on the road.
”After accounting for central government subsidy, the price of E2W comes to Rs 55,000 to Rs 1.3 lakh. If states give subsidies, the prices will come down further. At this, price is very competitive (compared to fossil-fuel-based two-wheelers),” she said.
IRDA revamps trade credit insurance norms, SMEs and project finance to benefit
Some of new kind of covers that will now available in India are:
“Project Cover”- insurance of receivables, against non-payment by the principal or buyer, provided to a contractor engaged in but not limited to long term infrastructure, civil and industrial projects and services. The project period should be more than six months.
“Protracted Default”- failure by a buyer to pay the contractual debt within a predefined period calculated from the due date of the debt.
“Reverse Factoring arrangement” where any arrangement in whatever name or form, between a borrower and a financer, wherein a borrower receives or is supposed to receive finance, either directly or indirectly, for borrower’s purchase of trade receivables, goods or services
IRDAI asks insurers to design innovative, tailor-made Cyber products for policyholders
The main objectives of new the guidance document on product structure for Cyber Insurance are;to enable insurers to evaluate new technologies posing heightened cyber risk, identify protection gaps in the existing products and address the changing needs of market,to facilitate insurers in developing stand-alone cyber insurance products, specifically designed to address the evolving cyber risks,to provide a set of recommendations on maximum possible coverages that could be included in the cyber insurance products, to encourage insurers to adopt best practices and provide additional covers in response to customer needs, to improve the development of the cyber insurance market with new products and enhance benefits for policyholders, explained the IRDAI.
India to post strong GDP growth in coming quarters: S&P
”The second wave of the pandemic has been pretty costly to economic activity. Households have been affected …. households are going to be repairing their balance sheets and withholding from spending which means activity will remain below trend once the recovery gets underway”.
India Inc resorted to salary cuts in Q1, will be drag on economic recovery: Report
The “weak” wage growth will prove to be a drag on the overall economic recovery in the medium term as it will affect household consumption, the report by India Ratings and Research said.
An environment of pandemic-led uncertainty and elevated inflation could impact the level of spending and hence the overall demand. Resuscitating wages will be critical for a revival of the overall economy and Capex cycle, which has been languishing even before the COVID-19 outbreak, it said., it said.