Indian News

“A first step in this direction is the new project launched by Kerala to eradicate extreme poverty. A survey, that is being conducted as part of it, will be completed within four months,” the Chief Minister said.

After that micro-plans would be prepared under the aegis of local self government institutions and necessary steps would be taken to free families suffering from extreme poverty from their pathetic state, he said.

“Kerala”s aim is to eradicate extreme poverty in the next five years. Let”s all move forward together to achieve that goal in a better way,” Vijayan added.

Rakesh Jhunjhunwala plans 70 planes for new ultra-low cost airline

Jul 28, 2021 | Eco/Invest/Demography, Indian News, Non-Life

The ultra-low cost airline will be called Akasa Air and the team, which includes a former senior executive of Delta Air Lines Inc., is looking at planes that can carry 180 passengers, he said.
hunjhunwala, who is considering investing $35 million and would own 40% of the carrier, expects to get a no-objection certificate from India’s aviation ministry in the next 15 days, he said in a Bloomberg Television interview Wednesday.

Majority in India’s big states with COVID-19 antibodies- survey

Jul 28, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

The survey, which tested a sample of the population for the presence of COVID-19 antibodies, was conducted in June and July and showed that two-thirds of India’s 1.3 billion people were likely to have been exposed to the virus.

Over 6.07 lakh cyber security incidents during H1 2021: Govt

Jul 28, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Pandemic, Technology

The minister noted that the government has taken a number of measures to enhance the cyber security posture and prevent cyber attacks, including CERT-In issuing alerts and advisories regarding latest cyber threats/ vulnerabilities and counter-measures to protect computers, networks and data on regular basis.

IMF cuts India’s GDP growth forecast to 9.5 pc for FY22

Jul 27, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic

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).

Centre asks states for data on Covid deaths due to oxygen shortage: Report

Jul 27, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

The government’s reply comes in the aftermath of the devastating second COVID-19 wave that overwhelmed the country’s healthcare infrastructure and resulted in thousands of deaths daily. COVID-19 cases surged dangerously from April to June and peaked in May with over 4-lakh cases and 4,000 deaths.

Cairn arbitration: Govt confirms French court order against Indian assets

Jul 27, 2021 | Indian News, Policy, Risk Management

The government on Tuesday confirmed that a French court has ordered the freezing of certain Indian assets in Paris on a petition by Britain’s Cairn Energy, which is seeking to recover USD 1.72 billion from New Delhi after winning an arbitration against retro tax.

Minister of State for Finance Pankaj Chaudhary in a written reply to a question in the Rajya Sabha said the government has filed an appeal against an international arbitration tribunal overturning levy of Rs 10,247 crore in back taxes on Cairn Energy.

Climate change is most critical challenge before humanity: President

Jul 27, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

“Climate change, as you are aware, is the most critical challenge before humanity in this century. Global warming is making its impact everywhere, but nowhere is it more felt than in the fragile eco-system of the Himalayas,” the president said.