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Biden, Harris hail Medicare drug price cuts that will save billions
Biden's signature Inflation Reduction Act, signed into law in 2022,...
Hurricane Debby: Moody’s estimates insured losses for will not exceed $1.5 billion
Jeff Waters, director, North Atlantic Hurricane Models at Moody’s,...
India invites UK companies to invest in insurance sector
The Dialogue saw government-to-government discussions to strengthen cooperation on four key themes: Gujarat International Finance Tec (GIFT) City; banking and payments; insurance, and; capital markets. It was led by senior officials from the UK Treasury and the Indian Ministry of Finance, with participation from independent British and Indian regulatory agencies, BHC said.
Singaporeans spend 2.5 times more on their children’s needs than their retirement planning:AIA survey
60% of Singaporeans face an uncertain future by not prioritising their retirement planning
As a simple rule of thumb, monthly income is recommended to be spilt using 50/30/20 rule. Allocate the first 50% of one’s take-home income pay on necessities such as housing, food, and transport. The remaining half should be split up between 20% for long-term savings and investments and with 30% for “wants” like hobbies and travel. However, research shows that Singaporeans are 13% below the target for their retirement planning.
India’s health minister quits as Modi readies cabinet reshuffle
Health Minister Harsh Vardhan quit, a source close to the minister said, paying the political price for the government’s struggles to cope with a devastating second wave of coronavirus infections. read more
India expects 3-4 mln Pfizer, Moderna vaccine doses through COVAX by August- sources
Experts have said India needs to administer 10 million doses a day to achieve its aim of immunising all adults by December. It administered about 4 million doses a day in the week to July 2. Apart from Moderna and Pfizer, India has also been courting Johnson & Johnson for vaccine supplies. J&J has already signed a manufacturing agreement with India’s Biological E. Ltd though production has yet to start.
Solarwatt flexes muscles in home energy storage fight with Shell, Tesla
The wall box allows homeowners to control when and how much home-produced photovoltaics (PV) power they store, use to charge their electric vehicles (EVs), or sell to the grid.
E-commerce boom to double India warehouse deals, says Knight Frank
The e-commerce segment will take up 165% more space in Indian warehouses over the next five years while third party logistics and other sector companies are expected to take up 56% and 43%, respectively, Knight Frank forecasts.
Warehousing transactions in the top eight Indian cities fell 23% to 31.7 million square feet in the 12 months ended March from a year earlier. Rent growth was also challenged as occupiers negotiated hard amid a surge in coronavirus infections and lockdowns.
SC directs Centre to submit expert committee report on aircraft fumigation
The apex court, which was hearing pleas against the National Green Tribunal’s ban on spraying of disinfectants and pesticides in aircraft, had earlier said that it was not in favour of a blanket restriction and may allow it on some routes where mosquito problem was prevalent after the committee submits its report.
The ministry of health and family welfare had told the top court that spraying of disinfectants was not harmful and it was in accordance with guidelines of World Health Organisation.
Global Covid-19 caseload tops 184.5 mn; deaths surge to more than 3.99 mn
The US continues to be the worst-hit country with the world’s highest number of cases and deaths at 33,746,275 and 605,903, respectively, according to the CSSE.
In terms of infections, India follows in the second place with 30,619,932 cases.
Covid: Variants of concern found in 174 districts, says health ministr
The B.1.617 lineage, first observed in Maharashtra, was associated with the unusual rise observed in several districts of the state. It is now found in many states in India, the health ministry said.
Guj govt approves project to provide additional 10 lakh acre feet of Narmada floodwaters to arid Kutch
Chief Minister Vijay Rupani has given an in-principle nod to various works worth Rs 3,475 crore to be carried out under this project, an official release said, adding the Water Resources department has been directed to start the works at the earliest.