He reiterated that the RBI's monetary policy committee remained...
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India to grow at 6.8 pc in FY’25, to become upper middle-income country by 2031
"A projected average expansion of 6.7 per cent in this period will...
Number of farmers under PM’s crop insurance scheme rises by 27 pc in 2023-24: Govt
During this period, a total amount of nearly Rs 31,139 crore was...
India approves emergency use of remdesivir to treat COVID-19 patients
The drug was granted emergency use authorization by the U.S. Food and Drug Administration last month and has received approval by Japanese health regulators. The drug is being administered in some countries under compassionate use rules.
India steps up efforts to curb locust infestation
The government also plans to buy five helicopter-mounted spray systems to curb the fast-spreading swarms by mid-June when monsoon rains help farmers boost rice, cane, corn, cotton and soybean sowing, according to the sources, who are directly involved in formulating plans to tackle the scourge.
India far away from peak, much better positioned in Covid-19 fight than other nations: Govt
“Our Covid-19 fatality rate of 2.82 per cent and amongst the lowest in the world, compared to a global fatality rate of 6.13 per cent. We have been able to achieve this due to timely identification of cases and proper clinical management,” Agarwal said.
Cyclone Nisarga to disrupt India’s Mumbai financial hub
The second cyclone in the country in a fortnight will carry heavy rain and wind speeds as high as 120 kilometers per hour (75 miles). It is seen hitting the coasts of Maharashtra and Gujarat Wednesday afternoon and will be intense enough to damage communication, electricity poles, trees, and plantations, according to the India Meteorological Department.
Southwest monsoon hits Kerala, IMD confirms
The onset of monsoon over Kerala marks the commencement of four-month-from June to September-rainy season in the country. The country receives 75 per cent of the rainfall from June to September.
Mumbai gets first severe cyclone alert in 129 yrs
IMD’s cyclone track shows that Nisarga will cross very close to the Mumbai coast while entering the land. Maharashtra and Gujarat are on pre-cyclone alert as very heavy to extremely heavy rainfall is expected in parts of the states on June 3 and June 4. Fishermen are advised not to venture into the sea for the next few days as it is expected to be very rough.
AM Best maintains its negative outlook on India’s non-life insurance market
Factors that mnay lead to AM Best revising its India non-life outlook to stable fron negative in the future include evidence of sustainable improvement in the underwriting performance supported by better pricing discipine, as well as an improved balance of overall earnings and stabilising of economic indicators, explained AMBest..
Covid-19 to shave $25 bn off from top 100 domestic brands’ value: Report
LIC retained its second position with a value of $8.1 billion, followed by Reliance at third ($7.9 billion), Infosys fourth ($7.08 billion), SBI at fifth slot ($6.4 billion).
Moody’s cuts India’s rating to lowest investment grade with negative outlook
Moody’s maintained a negative outlook for the new sovereign rating, citing worsening government finances as the coronavirus continues to hurt the economy.
India’s economy grew 3.1% in January-March, its slowest quarterly pace in at least eight years, and Moody’s expects a contraction of 4% in the current fiscal year, which runs until March 2021, due to the strict lockdown imposed in April and May.
India’s coronavirus infections overtake France amid criticism of lockdown
Criticism has grown in recent days that Prime Minister Narendra Modi’s sudden lockdown of 1.3 billion Indians in March has failed to halt the spread of the disease while destroying the livelihoods of millions of people who depend on daily wages.
Community transmission is well underway among the population, a team of independent experts said, adding this would only get worse as public transport opens.