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Here is a masonry blog layout with no sidebarWith IPO and capital infusion ECGC to double its covers to 25,000 exporters, to support additional exports of Rs 5.28 trillion
The approved amount will be infused in instalments, thereby increasing the capacity to underwrite risks up to Rs 88,000 crore and this will enable ECGC to issue covers that can support additional exports of Rs 5.28 lakh crore over the five-year period, said M Senthilnathan,its Chairman and Managing Director .
Unemployment, Covid-19 top most worries for urban Indians: Survey
Elaborating on the findings, Amit Adarkar, CEO, Ipsos India said, “We see uptick in worry levels for unemployment by 2 per cent, while worry levels for Covid-19 has seen a slight dip of 5 per cent — but now both are placed neck to neck — Covid impacted the job market considerably due to the shutdown and restrictions — now with the cautious reopening, worry levels around jobs have not abated — demand far outstrips supply — and those who have lost their jobs, many are still struggling to gain a foothold. Covid-19 too is far from over. It is a case of cause and effect.”
Low pressure area moves to Gulf of Kutch, may intensify into cyclonic storm in Arabian Sea: IMD
Heavy rainfall is expected for the next two days in the coastal districts of Jamnagar, Porbandar, Dwarka and Kutch, it said, and asked fishermen not to venture into the sea.
“It is then very likely to move further west-northwestwards and intensify into a cyclonic storm during the subsequent 24 hours. Thereafter, it is likely to continue to move west-northwestwards towards Pakistan-Makran coasts, moving away from the Indian coast,” the IMD said.
AIIB increases Green Public Rail Transport options in India,$356.67 million approved to expand Chennai metro system
The project’s design and construction will have environmentally friendly features to help reduce its carbon footprint. In addition to solar panels installed on the roofs of the elevated stations, the project will have dedicated spaces for bicycles and green vehicles, and signage to raise environmental awareness. The project also integrates climate change resilience features to reduce its vulnerability to climate-related events.
Maha govt pays Rs 973 crore to crop insurance firms
Travelers Risk Index: Cyber ranks as the top business concern
Security breaches, system glitches and unauthorized access to bank accounts are the top three cyber-specific business concerns.
The percentage of respondents who said their company suffered a security breach where someone hacked into a system increased nearly 40% compared to 2020, to almost half (46%).
Security breaches, system glitches and unauthorized access to bank accounts are the top three cyber-specific business concerns.
Automakers are about to shake up the auto insurance industry
The Connected Auto Insurance Global Study reveals that many insurers now write over 50% of new business to connected auto insurance.
Dr Andrew Jackson, Research Director, said: “When car usage collapsed during the COVID-19 lockdowns, policyholders demanded prices based on actual mileage. OEMs have been stepping in to the gap, and in a clear statement of intent, half of all OEM in-house UBI programmes use connected car data only, removing insurers and Telematics Service Providers (TSPs) from the equation.”
At least 17 OEMs are selling connected car services with dynamically-priced insurance already available from Ford, GM, Kia, Hyundai, Mercedes-Benz, Stellantis, Tesla, Toyota and Volkswagen. Many car manufacturers have also forged insurance partnerships (i.e. Ford with Arity, GM with American Family, Ford with Octo Telematics, PSA with AXA, Daimler with SwissRE).
Govt ready with the blueprint to manage disasters in India: Amit Shah
Now, the government has also prepared a plan to integrate all the agencies and departments, even the smallest of the units. Whether it is a small village or a big metro city or a remote district, or a coastal city, every place has a plan ready to respond to the disaster.
The change in approach has yielded very good results, the 1999 cyclone alone killed 10,000 people and this year there have been three cyclones but the death toll is not more than 50.
Max Life AUM crosses Rs 1 lakh crore, grows 6 times in over a decade
New Delhi, Sept 30: Max Life Insurance, one of the top 5 life insurers in the country, on Thursday said its assets under management (AUM) have now crossed Rs 1 lakh crore, registering a growth of six times in over a decade. Max Life has scaled a significant...
Delhi to be free of air, water and noise pollution in 3 years: Gadkari
There should be one medical college or institution for PG medical education in every district: PM
In six years, more than 170 medical colleges have been completed, and work on over 100 new medical colleges is going on at a fast pace, Modi said at a virtual ceremony to mark the foundation stone laying of four medical colleges and inauguration of the Institute of Petrochemicals Technology in Rajasthan.
YouTube blocks all anti-vaccine content
Kerala sees decline in COVID-19 cases, still contributes 52 pc of total active COVID-19 cases: Centre
Coal power plant pollution in India could lead to additional premature deaths in 6 cities: Study
Dr Rachel Huxley, Head of Knowledge and Research at ‘C40 Cities’ said, “Current national plans would expand the coal fleet by 28 per cent between 2020 and 2030 and not reducing it by 20 per cent, threatening the health and well-being of the urban residents in Delhi while undermining India’s climate and air quality targets.” She further stated, “Current national plans could nearly double the number of annual premature deaths from coal power plants air pollution in the city.”
Evergrande’s debt problems pose systemic risk in China and beyond
The central bank in 2018 said companies including Evergrande might pose systemic risk to China’s financial system.
The firm’s liabilities involved as many as 128 banks and over 121 non-banking institutions, the leaked letter showed.
Late repayments could trigger cross-defaults as many financial institutions are exposed via direct loans and indirect holdings through different financial instruments.
Oil will be world’s No. 1 energy source for decades, says OPEC
OPEC says that more electric vehicles on the road and the push for alternative and renewable energy will indeed usher in an era of declining demand for oil in rich countries.
But the energy needs of expanding economies in other parts of world will still leave oil as the world’s No. 1 source of energy through 2045, OPEC said Tuesday in its annual World Oil Outlook.
Varas Brokers of US signs strategic MOU with India’s Salasar Brokers
Ambarish Khaitan, Senior VP Strategy & Reinsurance, said – “We are delighted to announce our new strategic partnership with Varas Brokers, the USA with whom we are targeting to provide our joint expertise and tailored insurance solutions to our clients in this challenging market. We look forward to this collaboration and aim to work together, not just technically but also culturally, to reach a common goal in creating a top-notch solution”
Can Bhutan’s digital cash lift its gross national happiness
Royal Monetary Authority of Bhutan has announced a pilot with San Francisco-based Ripple for a national currency running on distributed electronic account-keeping.
The open-source XRP ledger claims to be carbon neutral and 120,000 times more efficient than proof-of-work blockchains. Unlike El Salvador, which has chosen to use the volatile and energy-guzzling Bitcoin as money alongside US dollars, Bhutan wants to retain the ngultrum, the national currency. The bet is that a paperless version of the central bank’s liabilities would be a more attractive alternative to bank deposits for a sparse population scattered across a rugged, mountainous terrain.