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Non-Life

At Rs 5.18 tln in FY21, pvt sector investments lowest since FY05: Report

What is more worrying is that the gross fixed capital formation rate has been plunging continuously from 34.3 per cent in FY12 to 28.8 per cent in FY20 and is expected to go down further to 26.7 per cent in FY21, he warns. Again, among all the new investment projects announced until FY17, government-run companies dominated with a share of 58 per cent but even this has been coming down since then it plunged to 32 per cent in FY21 from 49 per cent in FY20, shows the report

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Cyclone Tauktae causes economic losses of over $ 2 billion, agriculture hit most: RMSI 

Pushpendra Johari, senior vice president, sustainability, RMSI said“Cyclone Tauktaeis an unique event that has impacted all coastal western states and union territories of India . Though the cyclone effect on Kerala, Karnataka and  Maharashtra and Goa was not severe, Gujarat and Diu are badly impacted.”

“Though the cyclone has made a landfall , this is not the end of our distress. Recent climate change studies have highlighted rising  sea surface temperature in the Arbian sea. This will increase the cyclone frequency in these region. We should improve our preparedness even further to deal with more such events in future.”

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WHO says authorised vaccines effective against new variants, but cautions against overseas travel

“Right now, in the face of a continued threat and new uncertainty, we need to continue to exercise caution, and rethink or avoid international travel,” Hans Kluge said, adding that “pockets of increasing transmission” on the continent could quickly spread. The so-called Indian variant, which may be more transmissible, has now been identified in at least 26 of the 53 countries in the WHO Europe region, Kluge said during his weekly press conference.

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India reports 259,551 new coronavirus infections,deaths rise by 4,209

Health Ministry Joint Secretary Lav Agarwal on Thursday, said a continuous decline in the Covid-19 active cases has been noted in the last 15 days.

“From being 17.13 per cent reported on May 3, the active cases now comprise 12.1 per cent of the country’s total infections. A positive trend in recovery has also been noted. The recovery rate which was 81.7 per cent on May 3 has increased to 86.7 now,” said Health Ministry Joint Secretary Lav Agarwal..

Agarwa

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