Speaking on CNBC, Bastian said Wednesday that the monetary amount...
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Lamborghini launches Huracán EVO Rear-Wheel Drive Spyder in India at Rs 3.54 cr
On the significance of the model, Lamborghini India Head Sharad Agarwal said, ”India is one of the strategic markets for Lamborghini and we consistently invest to create unique bespoke experiences for our customers.” The Huracán EVO RWD Spyder has an aluminum and thermoplastic resin body that sits on a lightweight hybrid chassis in aluminum and carbon fiber. It has a dry weight of 1,509 kg, the company said.
Emerging risks set to shape a post-COVID-19 world:Swiss Re
COVID-19 to worsen income inequality; growth in the global middle class slowed and poverty levels rose in 2020
• Government support programmes have kept alive unviable zombie companies, leading to increased credit and financial market risks
• Electric vehicles and other decarbonised means of transport can
cut up to 24% of current C02 emissions from fuel combustion
Women falling behind in India’s COVID-19 vaccination drive
Health officials say rumours about vaccines disrupting women’s menstruation cycle and reducing fertility have also contributed to the skewed data. The government has rejected the concerns.
Free vaccine, foodgrains to cost govt up to Rs 1.45 lakh cr
Prime Minister Narendra Modi’s announcement of providing free inoculation to all adults will entail total spending of anywhere between Rs 45,000 crore and Rs 50,000 crore. This is higher than Rs 35,000 crore that the government had budgeted.Extending 5 kg of wheat or rice and 1 kg of pulses every month to nearly 80 crore beneficiaries till November will cost between Rs 1.1 lakh crore to Rs 1.3 lakh crore.
Global insurance industry faces IFRS 17 costs estimated at $15 to $20 bn:Willis Towers Watson
Kamran Foroughi, Global IFRS 17 Advisory Leader at Willis Towers Watson, said: “This is an extraordinary figure that will naturally lead to many questions from Boards and investors.
“For many, significant improvements will also be required in business processes and finance operations to deliver IFRS 17 efficiently and link with other metrics. With smart investment and the right people, an insurer’s IFRS 17 programme has the potential to help deliver long-term annual savings to show against the daunting up-front costs.”
Labour codes : Companies’ PF liability to go up, workers’ take-home pay to shrink
The labour ministry had envisaged implementing the four codes on industrial relations, wages, social security and occupational health safety & working conditions from April 1, 2021. These four labour codes will rationalise 44 central labour laws.
The ministry had even finalised the rules under the four codes. But these could not be implemented because many states were not in a position to notify rules under these codes in their jurisdiction.
Centre to provide free COVID vaccines to states for all above 18; Service charge for pvt hospitals capped at Rs 150/dose: PM
The change in the government’s vaccine strategy comes days after the Supreme Court asked the Centre to place on record all relevant documents and file notings reflecting its thinking culminating in the COVID-19 vaccination policy, and states questioning the central government over the alleged shortage of vaccines.
While India will have 53.6 crore doses between January and July, the availability of vaccines will increase to 133.6 crore doses between August and December with more firms supplying jabs and ramping up of production from the existing companies..
In another major announcement, the prime minister said a decision has been taken to extend Pradhan Mantri Garib Kalyan Anna Yojna till Deepawali.
This means that till November, 80 crore people will continue to get a decided amount of free foodgrain every month.
17 dead in fire at Pune chemical firm, rescuers search for missing staff
“The fire broke out during plastic packing, smoke was so much that female workers could not find an escape. We have recovered 17 charred bodies – 15 women and 2 men. Cooling and search operation is underway,” said Devendra Potphode, Chief Fire Officer, PMRDA Pune.
Centre mulling to allow domestic air travel without Covid-negative report post vaccination
While the government is considering allowing domestic air travel without Covid test reports for those who have got both doses of the vaccine, it has opposed a similar measure for international travel.
At a G7 meeting of health ministers on June 4, Union Health Minister Harsh Vardhan expressed India’s ”concern and strong opposition” to allow vaccine passports for international travel at this juncture of the pandemic.
Centre conducting study to assess if SARS-CoV2 present in Ganga water
Union Jal Shakti Minister Gajendra Singh Shekhawat last week tweeted, “We are making use of existing technologies, doing regular studies and monitoring the situation closely to prevent contamination of the river water, as there were reports of consigning dead bodies in some parts of Uttar Pradesh and Bihar into river #Ganga.”