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India aims to double auto industry size to Rs 15 lakh cr by 2024 end: Gadkari
Nitin Gadkari, Union minister for Road Transport and Highways ''Currently our automobile industry is Rs 7.5 lakh crore and we want to take it to Rs 15 lakh crore by the end of 2024, making it one of the largest automakers in the world, creating huge job...
1.53 lakh people died in 4.12 lakh road accidents in 2021: Report
“Road accidents decreased by 8.1 per cent and injuries decreased by 14.8 per cent in 2021 compared to 2019.Fatalities, however, on account of road accidents increased by 1.9 per cent in 2021 corresponding to the same period in 2019,” it said New Delhi: A total of...
Research: Thyroid problems linked to increased risk of dementia
When researchers adjusted for other factors that could affect the risk of dementia, such as sex, age, high blood pressure and diabetes, they found that people over age 65 with hypothyroidism were 80% more likely to develop dementia than people the same age who did not...
Unprecedented hard global reinsurance market to make Indian re/insurance renewals costlier in FY2023-24
`Devesh Srivastava,CMD, GIC Re Supply side issues like Russia Ukraine conflict, high global inflation, capacity crunch, shortage of capital, large losses including high losses from Hurricane Ian have forced global reinsurers to jack up their prices exorbitantly for...
Retail loans can become a source of systemic risk, warns RBI
'Empirical evidence suggests that a build-up of concentration in retail loans may become a source of systemic risk,'' the RBI said in its trends and progress in banking report for FY22 Mumbai: Retail loans, long considered a panacea for the banking system, may become...
Cybersecurity could emerge as the biggest challenge in 2023
Cyber criminals are taking advantage of new and advanced methods to cause considerable damage to organisations' reputation, which could potentially cause huge financial losses. For businesses, taking the right preventive steps and investing in security measures is...
Japan asks its insurers to retain marine war cover for LNG shippers in Russian waters
The move comes after Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance on Friday told shipowners that they would stop offering marine war insurance, which covers damage to ships from war in Russian waters, from Jan Industry...
India to rise to 3rd spot on the World Economic League Table by 2037 from 5th in 2022: Report
Cebr said in its annual World Economic League Table 2023 that over the next five years, the annual rate of GDP growth is expected to average 6.4 per cent, after which growth is expected to average 6.5 per cent in the subsequent nine years The Centre for Economics and...
India emerges as leading investment destination
Among the sectors, the billionaires favour energy, possibly due to today’s supply constraints and the accelerating secular transition to renewables ”This year’s report highlights how many of the wealthiest in society see it as their responsibility to lead the way,...
Consider discount on policy renewal for those with 3 doses of COVID-19 vaccine: Irdai to insurers
The regulator also urged insurers to ensure that empanelled hospitals are prohibited from taking deposit for COVID-19 hospitalisation, sources said, adding, some of the hospitals indulged in asking for deposit for COVID treatment during the first and second wave...
Climate Change: Mangroves shrinking in India due to climate change
The study claims that by 2070, the Indian mangroves will reduce and shift by around 50 per cent, especially in southern India, due to decline in suitable habitats along the east and west coasts of India Lucknow: A research conducted by Birbal Sahni Institute of...
China’s COVID-19 surge raises odds of new coronavirus mutant
“China has a population that is very large and there’s limited immunity. And that seems to be the setting in which we may see an explosion of a new variant," said Dr. Stuart Campbell Ray, an infectious disease expert at Johns Hopkins University. Could the COVID-19...
IMF projects 6.8 % growth in current fiscal for India, says country navigating ‘very difficult’ external environment
"We are seeing the global economy slowing down next year. But there are downside risks to the speed of the slowdown, and it could be much sharper than what we expected in the report. This will affect India through trade and financial channels," Choueiri Nada, the...
Goyal launches right to repair portal, autombile and farming equipments will be covered
On the 'right to repair' portal, manufacturers will share the manual of product details with customers so that they can either repair by self, by third parties, rather than depend on original manufacturers. Initially, mobile phones, electronic, consumer durables,...
FPIs invest Rs 11,557 cr in equities in Dec; COVID updates to drive flows in near term
'Concerns about COVID spread in China is a sentiment negative and the strong economic data from the US indicate continuation of the hawkish stance of the Fed which is pushing bond yields up and equities down. Only reversal of this trend will trigger a rebound in the...
Cryptocurrency: Covering Losses
Lloyd’s recently announced a new policy to insure against losses stored on certain cryptocurrency wallets. Until the broader insurance market catches up with the rise of cryptocurrency and such insurance becomes more commonly used, most policyholders will need to look...
Rajasthan has 90 per cent health insurance coverage: CM
The state government's Chiranjeevi Health Insurance Scheme, which provides a Rs 10-lakh cover, has come as a relief for people. Against the national average of 41 per cent, Rajasthan has 90 per cent coverage of health insurance, while the coverage is 15.9 per cent in...
Twitter restores suicide prevention feature after Reuters report
The feature, known as #ThereIsHelp, placed a banner at the top of search results for certain topics. It listed contacts for support organizations in many countries related to mental health, HIV, vaccines, child sexual exploitation, COVID-19, gender-based violence,...