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Indian News

Himalayan rescuers recover more bodies as flash flood death toll rises to 50

Uttarakhand is prone to flash floods and landslides. The disaster has prompted calls by environmental groups for a review of power projects in the ecologically sensitive mountains.

A team of scientists are investigating if a piece of a Himalayan glacier did fall into water and trigger the flood.

There are about 10,000 glaciers in the Indian Himalayas. Uttarakhand itself has up to 1,495 glaciers and many are receding due to the warming climate.

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India’s national recovery rate among highest in the world: Health ministry

“India’s Covid-19 recovery rate of 97.31 per cent is amongst the highest in the world. The difference between the recovered and active cases has grown to 1,04,74,164 as on date,” the ministry highlighted.

Till date, the cumulative number of healthcare and frontline workers vaccinated against Covid-19 in the country has surpassed 82 lakhs.

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Tesla to set up electric car manufacturing unit in Karnataka

Last month, the electric carmaker incorporated Tesla Motors India and Energy Private Limited with its registered office in the city of Bengaluru in Karnataka, a hub for global technology companies.

State Chief Minister B.S. Yediyurappa had then said in a tweet, which was subsequently deleted, that Tesla would start its operations in India with an R&D unit in Bengaluru.

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Road crashes in India increase household poverty and debt:World Bank

The report also brings out the sharp rural-urban divide and the disproportionate impact on women. The survey shows that the income decline for low-income rural households (56 percent) was the most severe compared to low-income urban (29.5 percent) and high-income rural households (39.5 percent). Women bore the burden of crashes across poor and rich households, often taking up extra work, assuming greater responsibilities, and performing caregiving activities after a crash. About 50 percent of women were severely affected by the decline in their household income after a crash.

About 40 percent of women reported a change in their working patterns post-crash, while around 11 percent reported taking up extra work to deal with the financial crisis.

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FPIs invest Rs 22,038 cr in Feb so far amid post-Budget cheer

According to depositories data, overseas investors poured in Rs 20,593 crore into equities and Rs 1,445 crore in the debt segment, taking the total net investment to Rs 22,038 crore during February 1-12.
There are other indicators that support FPI flows into the equity markets like continuous decline in the COVID-19 case count, rollout of vaccines, growth in earnings and measures taken by the government to boost the economy, Srivastava said. V K Vijayakumar, chief investment strategist at Geojit Financial Services, noted that there is sectoral rotation happening in the market now.

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FinMin to infuse Rs 3,000 cr in general insurance companies this quarter

The capital infusion will enable the three public sector general insurance companies to improve their financial and solvency position, meet the insurance needs of the economy, absorb changes and enhance the capacity to raise resources and improve risk management. Finance Minister Nirmala Sitharaman in the Budget announced privatization of two public sector banks and one general insurance company in 2021-22 beginning April.

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Govt finalises rules under 4 labour codes, reform to be a reality soon

Parliament had passed four codes on four broad codes on wages, industrial relations, social security and occupational safety health & working conditions (OSH) which would ultimately rationalise 44 central labour laws.

Labour Secretary Apurva Chandra said, “We have finalised the rules under the four codes which are required to implement the four labour codes. We are ready to notify these rules. The states are doing their work to firm up rules under the four codes.”

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