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Pandemic has IFC pumping $1.7 billion into local companies, up 51%

The impact of the pandemic coupled with the region’s vulnerability to climate change, has highlighted the need for a collaborative, resilient and climate friendly recovery that can withstand future shocks, said its new regional director for South Asia, Hector Gomez Ang.

While South Asia is one of the fastest growing regions in the world, estimates suggest that climate impacts could reduce its annual GDP by an average of 1.8 percent by 2050, rising to 8.8 percent by 2100 if the region failed to take adequate corrective measures. The region is also estimated to have an untapped climate investment potential of USD3.4 trillion by 2030, Ang said.

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NPS” non-govt subscriber base crosses 30 lakh-mark; corpus to hit Rs 1 lakh cr soon: PFRDA

“As of August 14, the non-government sector, which is the corporate and all citizen model, we have seen that the total onboarding (of subscribers) has crossed three million. In this, retail is a big landmark for us.

“Three years ago, our subscriber was just about 13-13.5 lakh (March 2018) in retail and corporate,” the chairman of the Pension Fund Regulatory and Development Authority (PFRDA).

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No data shows need for booster vaccines presently: Dr Gagandeep Kang

According to Dr Kang, whether people will have more antibodies or be better protected with the booster dose is still not known.

“It sounds obvious that more antibodies (abs) are better but we really don’t know whether people who push up abs with additional doses will be better protected than with the level they initially made. Or that when abs wane, we need to boost to maintain above some level,” she said.

Further, she explained how people with a poor immune response should get a third dose,

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India’s vehicle scrappage policy provides opportunities for new biz models: Experts

Deloitte India Partner & Leader, Government & Public Services Arindam Guha said in addition to reducing vehicular pollution and improving road safety, the vehicle scrapping policy is also likely to attract additional investments and generate employment through registered vehicle scrapping facilities (RVSFs), with around 50-60 such centers likely to be set up across the country.

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Ola drives in e-scooter tagged at Rs 99,999 onwards; deliveries to commence in Oct

”Charging station roll out will follow sales rollout, so it will be sales, then charging stations but every city will have at least relevant scale as we begin,” Aggarwal said. Ola had earlier stated that it would like to have 5,000 charging stations across 300 cities and towns across India.
The executive pointed out that the company has received strong demand from about 1,000 towns and cities. ”The EV revolution is here to stay whether incumbents like it or not. Consumers have shifted in their mindsets and before we know it, people will be buying only electric,” he noted.

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