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Assam flood situation deteriorates, 16.50 lakh people affected in 29 districts
Chief Minister Himanta Biswa Sarma chaired a meeting on the flood...
Poverty declines to 8.5% in 2022-24 from 21.2% in 2011-12: NCAER paper
According to the paper, during an era of economic growth, when...
India’s COVID-19 caseload rises to 1,04,66,595 with 16,311 fresh infections
The number of people who have recuperated from the disease surged to 1,00,92,909, pushing the national COVID-19 recovery rate to 96.43 per cent, while the case fatality rate was recorded at 1.44 per cent
The COVID-19 active caseload remained below three lakh. There are 2,22,526 active coronavirus infections in the country which comprise 2.13 per cent of the total caseload, the data stated
Covid impact: India’s annual fuel demand falls for first time in 21 year
Fuel demand from Asia’s second-biggest oil importer collapsed by as much as 70% after it embarked on one of the world’s most stringent lockdowns in March. The drop resulted in a sharp cutback in crude processing and operations at petrochemical plants
Passenger vehicle retail sales increase 24 pc in December: FADA
According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,270 out of the 1,477 regional transport offices (RTOs), PV sales stood at 2,18,775 units in December 2019.
Commercial vehicle sales, however, slipped 13.52 per cent to 51,454 units in December 2020, as against 59,497 units a year ago.
Centre says bird flu outbreak confirmed in ten states so far
The Centre has also directed states to maintain adequate stock of PPE kits and accessories required for culling operations.
It has asked state animal husbandry departments to ensure effective communication and coordination with health authorities for close vigilance of the disease status and avoid any chances of transmission of the disease into humans.
India wants Serum Institute to lower price of AstraZeneca shot,places order for vaccine
The order was for 11 million doses and the government would buy the shots at 200 rupees ($2.72) per dose.
“From 16th January we are starting the world’s largest vaccination program. Around 30 million healthcare workers and frontline workers will be vaccinated in the first phase, said Modi. In the second phase, those above 50 years and those under 50 years with co-morbid conditions will be given shots”
“Health workers – government as well as private – will be vaccinated first of all. Sanitation workers, other frontline workers, defence forces, Police and other paramilitary forces will also be vaccinated in the first phase,” Modi said in a meeting with chief ministers through video. He added that India’s vaccines are the most cost effective.
Domestic air traffic down 45 pc to 71 lakh in Dec: ICRA
The Indian aviation industry has witnessed a continued recovery in domestic passenger traffic in December 2020, with a sequential growth (over November 2020) of around 12 per cent to about 71 lakh passengers, the ratings agency said.
Climate-risks may lead to abrupt increases in risk premia across Indian assets:RBI
The manifestation of physical risks could lead to a sharp fall in asset prices and increase in uncertainty and a disorderly transition to a low carbon economy could also have a destabilising effect on the financial system, said the report..
Indian banks pay Rs 13,234 crore premium to cover their deposits, receive Rs 80.7 crore claims in 2019-20
Reserve Bank of India owned Deposit Insurance and Credit Guarantee Corporation’s fully protected accounts constituted 98.3 per cent of the total number of accounts. in the Indian banking system
New Covid-19 mutations threaten to stall fragile economic recovery:RBI governor
In his forawrd in the latest Financial Sytability Report(FSR), released by the RBI on Monday, Das has cautioned the disconnect between certain segments of financial markets and the real economy that has been accentuating in recent times, both globally and in India.
As growth impulses take root, the private sector capex cycle should revive as existing capacities get utilised and new capacities are added, he said..
Banks should invest in building robust IT platforms to prevent Cyber frauds:RBI
Information technology platforms and digital payment systems have provided considerable support for business continuity and smooth functioning during the pandemic. More investment is required by all stakeholders for building robust IT platforms and technologies for operational purposes as well as for fortifying public confidence in digital banking, especially when the financial landscape is rapidly embracing new technologies, said Shaktikant Das, governor, RBI. .