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New York Life Insurance makes strategic investment in Max Estates, commits Rs 1200 crore
Sahil Vachani, MD & CEO of Max Estates, said, “We are pleased...
P K Mishra calls for expanding insurance coverage across diverse sectors
PK Mishra, Prime Minister's Principal Secretary "Should the...
Govt sets up Asset Reconstruction Company to free up banks for credit push
The firm was registered as the National Asset Reconstruction Company Ltd. on July 7 with Padmakumar Madhavan Nair as the managing director, according to filings with the Registrar of Companies, where firms must register before becoming operational.
NARCL’s paid-up capital is Rs 74.6 crore ($10 million), according to the filing. Nair previously worked at the State Bank of India where he handled stressed assets resolution.
People cutting spends on health, grocery as fuel prices bite, say SBI economists
”As consumers are spending more on fuel, it is crowding out expenses on health. Our analysis of SBI card spends indicates that spend on non-discretionary health expenditure has been substantially reduced to accommodate increased expenditure on fuel,” group chief economic adviser Soumya Kanti Ghosh said.
”In fact such spending has more than crowded out the spending on other non-discretionary items, like grocery and utility services to such an extent that the demand for such products has significantly declined,” he added.
Vaccinated and confused? Answers about masks, Delta variant and breakthrough infections
Although the COVID vaccines are highly effective, no vaccine offers 100% protection. While breakthrough infections happen, they are rare, and in most cases, breakthrough infections cause only mild illness.
UP CM terms rising population ‘hurdle in development’, unveils policy to stabilise it
Besides seeking to achieve population stabilisation and reduce preventable maternal and infant deaths, the UP Population Policy also aims at preventing the death of children under the age of 5 years and improving their nutritional condition.
As China’s population greys, the burden of care weighs on families
China had 264 million citizens aged 60 and older in 2020, a number set to increase rapidly just as the working population shrinks. HNA Investment Group opened Heyuejia in 2016 as part of efforts to “respond to China’s aging crisis,” according to a company statement.
Helped by government subsidies, more than 40,000 registered homes have been built in recent decades. But many are too expensive or too low quality to replace family care, experts say. Some facilities have long waiting lists. But most are quite empty – average occupancy rates are as low as 50%, official data suggests, far lower than the 80%-90% rates seen in Japan or the UK
BFSI, healthcare industries, and IT & knowledge services witness a 10 per cent growth in salaries:Report
Rituparna Chakraborty, co-founder and executive vice-president of TeamLease Services, said, “Though employers are still cautiously optimistic, they are trying to minimise the COVID-19 gloom and are correspondingly making pay decisions. But, what is standing out is the trend of betting big on skills that will help them to ensure business continuity while fostering a spirit of innovation and growth.”
Third Covid wave might have set in India on July 4:: Top Hyderabad scientist
Dr Vipin Srivastava, who has developed a method to observe the pattern of the number of cases and deaths for the past 463 days, said July 4 appears to be similar to what it was during the first week of February this year when the second wave was said to have set in.
According to his analysis, whenever there is a crossover from an increasing trend to a decreasing trend in daily deaths or vice versa, the Daily Death Load (DDL) fluctuates ‘wildly’.
CCEA clears LIC disinvestment; panel headed by FM to decide quantum of stake sale
“The Cabinet Committee for Economic Affairs last week cleared the proposal of initial public offering of LIC. The alternative mechanism on disinvestment will now decide on the quantum of stake to be divested by government,” the official said.
Covid: Around 390 families have applied for financial aid under Delhi govt scheme, says Gautam
”As on July 9, the Social Welfare Department has received 390 applications under this scheme. 220 beneficiaries have applied for a pension of Rs 2,500 per month and 170 have applied for Rs 50,000 ex gratia amount,” a statement quotingGautam said. Since the scheme was launched recently, it may take time for the beneficiaries to collect all the required documents. But the process of application will be fast-tracked in the coming days, it said. Gautam said the representatives of the department will go door to door to help the beneficiaries fill up application forms.
COVID cases climb as Southeast Asia feels force of Delta variant
Vietnam’s reputation as a coronavirus success story is under threat, with more cases in the last five days than during the first 14 months of the pandemic, although the record 1,625 cases on Friday were a fraction of those in Indonesia. read more