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Economic Survey pegs India’s GDP growth rate at 6.5-7 pc for 2024-25
India’s economy carried forward the momentum it built in FY23 into...
Over 34.7 cr Ayushman Bharat cards generated: Economic Survey
“Considering the multiplier effect of low costs, the scheme saves...
216 cr vaccine doses to be available in 5 months between Aug-Dec, enough to cover all: Centre
Further, Biological E is expected to produce 30 crore doses, Zydus Cadila 5 crore, Serum Institute of India 20 crore doses of Novavax, and Bharat Biotech 10 crore doses of its nasal vaccine, while Gennova will make available 6 crore doses and Sputnik V 15.6 crore doses, he said. The vaccine candidates of Biological E, Zydus Cadila, Gennova, Bharat Biotech’s nasal vaccine are in various stages of clinical trials.
India reports 3,48,421 new COVID-19 cases, record 4205 deaths in last 24 hours
The active cases have reduced to 37,04,099 comprising 15.87 per cent of the total infections, while the national COVID-19 recovery rate has improved to 83.04 per cent, the data updated at 8 am showed.
Most of India should remain locked down for 6-8 weeks: ICMR chie
Currently, three-fourths of India’s 718 districts have what is known as a test-positivity rate above 10%, including major cities like New Delhi, Mumbai and the tech hub of Bengaluru.
Passenger vehicle sales dip 10% in April due to Covid led restrictions
“As expected, the COVID wave has impacted the sales of vehicles in the month of April 2021. Sales of passenger vehicles fell by about 10.07 per cent, compared to March 2021, due to various restrictions in states which have been experiencing a surge in COVID-19 cases,” SIAM Director General Rajesh Menon said.
Amazon-backed Acko seeks new funds at $1 billion value
The funding round, if successful, will make Acko the latest unicorn in India, where there’s been a boom for the technology industry. In April, the country minted at least six new startups with a valuation of $1 billion or more in a week’s time.
Acko, founded in 2016, is among India’s first digital insurers that provides coverage for cars, motorbikes and even taxi passengers as well as health insurance, according to its website. It has more than 400 employees and has sold policies to over 50 million customers. Besides Amazon, the startup also counts Accel, Catamaran Ventures and SAIF Partners among its investors.
Religious and political events among factors that accelerated COVID-19 transmission in India:WHO
”While India continues to account for 95% of cases and 93% of deaths in the South-East Asia Region, as well as 50% of global cases and 30% of global deaths, worrying trends have been observed in neighbouring countries,” it said.
Centre allows employees with medical qualification to undertake practice, teleconsultation
“In view of the unprecedented rise in the numbers of COVID-19 cases, and to utilise the in-house capabilities available in the government to contain the spread of COVID-19 virus and to provide relief to the public, it has been decided that the central government employees holding recognised qualifications in any system of medicine requires no permission from the Head of Departments (HoDs) concerned to undertake practice/provide teleconsultation,” it said.
India records 362,727 new coronavirus cases and 4,120 deaths
The active cases have increased to 37,10,525 comprising 15.65 per cent of the total infections.
The national COVID-19 recovery rate has improved to 83.26 per cent, the data updated at 8 am showed.
Delhi, Haryana and Uttar Pradesh are among 10 states that account for 72.42 per cent of the 3,62,727 new cases in the country in a span of 24 hours, the Union Health Ministry said on Thursday.
Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, West Bengal and Rajasthan are the other states in the list of 10.
Maharashtra reported the highest daily new cases at 46,781. It is followed by Kerala with 43,529 while Karnataka reported 39,998 new cases.
India’s prized investment grade status hanging by a thread
“We still see India as investment grade,” said NN Investment Partners’ head of Asian Debt, Joep Huntjens, who thinks the country’s economy will bounce back quickly. “But we do think there is at least a 50/50 chance that at least one rating agency downgrades, probably next year”.
IRDAI seeks insurers’ compliance on issuance of ESOPs
The prior approval of the IRDA has to be sought before such exercise.where exercise of ESOP by one or more key employees of the comoany whether singly or jointly is beyond the threshold limit specified