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Here is a masonry blog layout with no sidebarCovid-19 Pandemic:Gloom gathers over India’s rural economy
Satara: Having watched his father’s funeral pyre burn by a river bank close to their farm last month, Indian sugarcane grower Dattatray Bagal and his brothers had to set aside grief to count the financial cost of the coronavirus’s impact on their...
Experts urge India’s richest state to gear up for third wave of COVID-19
“We should have a clear plan, and keep our preparations ready for the next few weeks, whenever the next wave comes,” Rahul Pandit, a member of the state’s COVID task force and a director of Fortis Hospitals Mumbai, told Reuters.
“Our efforts should be directed in delaying the wave as much as we can, and even try to prevent it.”
Delta Covid variant becoming globally dominant: WHO’s Soumya Swaminathan
RBI allows Centrum to take over PMC, re-launch it as SFB in JV with BharatPe
Centrum hopes to complete the licence terms and conditions within the next 120 days, and seek the RBI’s final approval to launch the small finance bank and take over PMC, Centrum Group Executive Chairman Jaspal Bindra said.The group said it will launch the proposed small finance bank (SFB) as an equal joint venture with digital payments start-up BharatPe.
When launched, it will be the first SFB to come up in nearly six years, after the central bank gave licences to 10-odd players in August 2015 and put such bank licensing under the on-tap mode.
17 children died of Covid-19 in Meghalaya, state taking steps to combat third wave: Minister
“So far, 5,101 children in the age group of 0-14 years were diagnosed with the disease. Seventeen children died of the infection since last year,” the minister said.
Noting that the third wave of the pandemic, which is likely to strike later this year, may pose a greater threat to the children, as suggested by experts, he said the state government is making necessary preparations in anticipation.
Australia limits use of AstraZeneca COVID-19 vaccine to people over 60
DPIIT notifies 74% FDI cap in insurance sector under automatic route
India logs 67,208 new COVID-19 cases, 2,330 deaths in last 24 hours
Global life insurance outlook revised to stable amid brightening growth prospects:Moody’s
“Strong solvency capital ratios globally underpin our view of the outlook,” Moody’s Vice President Manoj Jethani says.
“Although pandemic mortality continues to weaken profitability, the overall impact on the credit profile of life insurers has been less severe than originally expected due to differences in demographics of the general versus the insured population, as well the benefits of diversification from longevity-type insurance products, ” he adds.
Philippines insurance commissioner Dennis B. Funa reelected as the chairperson of Asian Reinsurance Corp
Govt extends validity of motor vehicle documents till Sept 30 due to Covid
The Ministry of Road Transport and Highways (MoRTH) said it has advised the enforcement authorities that the validity of fitness, permit (all types), licence, registration or any other concerned document(s) may be treated to be valid till September 30, 2021.
“This covers all documents whose validity has expired since Feb 1, 2020, or would expire by September 30, 2021. This will help out citizens in availing transport related services, while maintaining social distancing,” it said.
Bank, airline websites go dark briefly in international internet outage
Cathay Pacific working with Airbus on single-pilot system for long-haul
That promises savings for airlines, amid uncertainty over the post-pandemic economics of intercontinental flying. But it is likely to encounter resistance from pilots already hit by mass layoffs, and safety concerns about aircraft automation.
Lufthansa has also worked on the single-pilot programme but currently has no plans to use it, a spokesman for the German carrier told Reuters.
US, China trade war costs global value chains 3-5 years of growth, says UN
The report from the United Nations Development Programme looking at the post-pandemic future of global value chains found that trade within those supply lines shrank in absolute terms along with other types of trade. Still, they’ll remain at the core of economic recovery in the Asia-Pacific region even as global manufacturers consider moving production closer to home.
The supply troubles come as the cost of shipping goods across the globe is skyrocketing, threatening to boost consumer prices and compounding concerns in global markets already bracing for accelerating inflation.
COVID-19 cases surge in Africa, less than 0.8% of fully vaccinated, say officials
New cases are up nearly 30% in the past week and deaths are up by 15%, she said, with five countries — South Africa, Tunisia, Zambia, Uganda and Namibia — accounting for 76% of the new cases. The continent of 1.3 billion people has not yet been battered with an emergency during the pandemic on the scale of that recently facing India, but officials including Moeti continue to warn that such a catastrophe could hit.
“Africa is in the midst of a full blown third wave…We’ve seen in India and elsewhere how quickly COVID-19 can rebound and overwhelm health systems,” Matshidiso Moeti, WHO regional director for Africa, told a news conference.
21.15 lakh domestic air passengers in May, 63 pc lower than April: DGCA
MHA operationalises national helpline, reporting platform for preventing cyber fraud
The helpline was soft launched on April 1, 2021. The helpline 155260 and its reporting platform has been made operational by the Indian Cyber Crime Coordination Centre (I4C) under the home ministry, with active support and cooperation from the Reserve Bank of India (RBI), all major banks, payment banks, wallets and online merchants.
India maintains 43rd rank on IMD’s World Competitiveness Index; Switzerland tops chart
”India’s improvements in the government efficiency factor are mostly due to relatively stable public finances (despite difficulties brought by the pandemic, in 2020 the government deficit stayed at 7 per cent) and to the positive feedbacks we registered among Indian business executives with respect to the support and subsidies provided by the government to the private companies,” IMD said.