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Here is a masonry blog layout with no sidebarGlobal economic recovery may take five years, World Bank chief economist says
Reinhart said the pandemic-caused recession will last longer in some countries than in others and will exacerbate inequalities as the poorest will be harder hit by the crisis in rich countries and the poorest countries will be harder hit than richer countries.
For the first time in twenty years, global poverty rates will rise following the crisis, she added.
Generali GC&C appoints new head of underwriting in Asia
SWIFT announces a new strategy for instant, frictionless payments and securities processing
Mumbai: SWIFT, one of the largest financial messaging systems in the world,today announced that over the next two years and beyond it will fundamentally transform payments and securities processing, retooling cross-border infrastructure as part of a...
India’s coronavirus cases rise to 5.2 million, with 96,424 new infections
Mitra the robot helps COVID patients in India speak to loved ones
COVID-19 tally in India crosses 50-lakh mark
The COVID-19 case fatality rate due to the coronavirus infection further dropped at 1.63 per cent.
There are 9,95,933 active cases of COVID-19 in the country which comprises 19.84 per cent of the total caseload, the data stated.
According to the ICMR, a cumulative total of 5,94,29,115 samples have been tested up to September 15 with 11,16,842 samples being tested on Tuesday.
Govt working to increase digital economy’s contribution to 20% of GDP in 5 yrs
Highlighting the concerns over data privacy and data protection, Rajendra Kumar, additional secretary, Ministry of Electronics and IT, Govt of India said that many countries have come out with their statutory laws to deal with them. The Government of India has also launched massive efforts to bring all stakeholders together to ensure that we bring a common legal framework on this.
“The personal data protection bill is now in parliament for further approval. Once this becomes an act, it would make India a leading country to have a cutting-edge framework in terms of data protection,” he said.
Maharashtra: Panel formed to cap charges for CT scans for Covid-19 patients
Munich Re Ventures invests $60mn in digital insurer ACKO
“Munich Re has been a strategic partner to ACKO since inception and we are really excited to bring them on board as our investor. As one of the largest reinsurance companies globally, their investment shows confidence in our data and technology-driven business model,” Dua, Founder and CEO, ACKO. Said in a statement.
Serum Institute gets approval to resume India trial of AstraZeneca COVID vaccine: source
AstraZeneca has resumed British clinical trials of the vaccine, one of the most advanced in development for COVID-19, after they were paused earlier this month following a serious side effect in a trial participant.
Trials have also resumed in Brazil and South Africa, but remain on hold in the United States.Indian regulators had allowed Serum’s trials of the AstraZeneca vaccine to resume under certain conditions, including increased safety monitoring and informing volunteers about new findings, a DCGI source said.
RBI chief says India’s recovery not entrenched, will only be gradual
“High frequency indicators of agricultural activity, the purchasing managers index and certain private estimates on unemployment point to some stabilisation of economic activity in the second quarter of the current year,” Das told members of the Federation of Indian Chambers of Commerce & Industry’s national executive committee.
Some Indian hospitals scramble for oxygen as coronavirus cases top 5 million
At least 6% of India’s nearly 1 million active cases need oxygen support, health ministry official Rajesh Bhushan told reporters. Supplies were adequate but state governments should monitor usage and flag shortages, he said.
“The problem happens when at a facility level, if there is no inventory management. Every state should ensure this,” Bhushan said.
Global net zero emissions goal would require $1-2 trillion a year investment: study
Apple iPhones get bigger and pricier, Watch turns to health
Sri Lanka seeks at least $1.9 million damage from owner of fire-hit tanker
Nishara Jayaratne said the cost was for services provided by various departments including the Sri Lankan navy, air force, ports authority and Marine Environment Protection Authority, among others, up until Sept. 15.The vessel is chartered by Indian Oil Corp to import 2 million barrels of oil from Kuwait to Paradip in eastern India.
Automation key biz tool to maximise efficiency in finance functions: Report
Despite market volatility, LIC made Rs 13k cr profit in equity till Aug: MD
“The insurance industry had lost about Rs 45,000 crore in new and renewable premiums in the last fortnight of FY20 due to the Covid-19 pandemic. However, we have recovered well since unlocking and registered healthy growth,” LICI Managing Director Raj Kumar said at a webinar organised by Merchants’ Chamber of Commerce and Industry.
He further said, “The market now has recovered by 32 per cent from the March lows. LIC has booked a profit of Rs 13,000 crore from equity operation and is still a net investor of Rs 28,000 crore in the market.”
Airlines in India seek $1.5 bn in interest-free credit line, says govt
The government is engaged with aircraft lessors and financiers to ensure there is no premature withdrawal of planes, Civil Aviation Minister Hardeep Singh Puri said. Local traffic has slumped almost 80 per cent to just 12 million passengers in the five months to July 31, eroding airline revenues, he said.
Close to 3 million jobs in aviation and related industries as well as more than $11 billion in revenue could be lost in India this year because of the pandemic according to the International Air Transport Association.