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Here is a masonry blog layout with no sidebarPanic to paranoia: One year on, mental health crisis still unfolding across India
“Unless mental health is treated as a core element in our response to the pandemic, the long term social and economic costs will be severe,” Vikram Thaploo, CEO of Apollo TeleHealth in Hyderabad. noted.Of the 3,000 odd mental health consultations over the past year till February 2021, about 65 per cent related to anxiety and depression and most people were in their 20s and 30s.
One year since lockdown: India still recovering from unemployment blow
The data showed that the unemployment rate had peaked to 23.5 per cent in April and remained at 21.7 per cent in May. It started tapering off from June onward when it was recorded at 10.2 per cent in the month and further improved to 7.4 per cent in July.
However, the unemployment rate again rose slightly to 8.3 in August and improved to 6.7 per cent in September last year, as per CMIE data.
India antitrust watchdog orders probe into WhatsApp’s new privacy policy
Parliament approves Budget 2021, paves the way for LIC listing
Parliament cleared changes to the finance Bill 2021, doubling the minimum limit of employee contribution to provident fund to over Rs 5 lakh for the purpose of taxation with some riders, paving the way for the listing of Life Insurance Corporation (LIC), exempting Indian-owned assets sold on digital platforms from equalization levy, and giving tax holidays for the proposed development finance institutions (DFIs).
No plan to introduce four-day work week in central government offices: Min
ICICI Bank enables customers to break high-value transactions into EMIs
Sudipta Roy, Head- Unsecured Assets, ICICI Bank said: “We have observed that many of our customers undertake high-value transactions for payments of insurance premiums, school fees, purchasing electronics, or paying for vacations through the bank”s internet banking platform.
“Our latest offering of EMI @ Internet Banking brings in enhanced affordability for customers by providing them with flexibility of EMIs for high value transactions.”
India delays big exports of AstraZeneca shot, including to COVAX, as infections surge
“We understand that deliveries of COVID-19 vaccines to lower-income economies participating in the COVAX facility will likely face delays following a setback in securing export licences for further doses of COVID-19 vaccines produced by the Serum Institute of India (SII), expected to be shipped in March and April,” UNICEF said in an email. “COVAX is in talks with the Government of India with a view to ensuring deliveries as quickly as possible.”
Companies need to prepare for more political disturbances and violence ahead: Allianz
Causing physical damage, business interruption or loss of revenues, civil unrest incidents are becoming a more significant risk for companies in the current environment, as reflected in the findings of the Allianz Risk Barometer 2021.”Civil unrest has soared, driven by protests on issues ranging from economic hardship to police brutality which have affected citizens around the world. And the impact of the Covid-19 pandemic is making things worse – with little sign of an end to the economic downturn in sight, the number of protests is likely to continue climbing.”
UK proposes requiring businesses to disclose climate risks by 2022
Under the TCFD’s(Task Force on Climate-related Financial Disclosure ) recommendations, companies are urged to disclose the actual and potential impacts of climate change on their business, as well as explain how they identify and manage such risks and opportunities.A move to make such disclosure mandatory in Britain is seen as a big step towards a new set of global standards.The ministry said it was backing a move by the IFRS Foundation, which writes global accounting rules, to develop international sustainability-related reporting standards.
Authentication platform Prove acquires MEDICI Global
Sebi tightens rules for exchange disruptions
SEBI also said on Monday it had asked the NSE to identify those responsible for the failure within 21 days and to determine why it did not move to a backup swifter.
Brokers and traders criticised the NSE sharply for not communicating well enough during last month’s outage, which they said caused losses for some investors.
The outage was the second major one for the NSE in recent years after a five-hour shutdown in 2017 due to a software problem.
RBI forms external advisory committee for evaluating banking applications
The guidelines for ‘on tap’ licensing of Universal Banks in the private sector on August 1, 2016 and the guidelines for ‘on tap’ Licensing of Small Finance Banks in the private sector on December 5, 2019, had indicated that the applications for Universal Banks and Small Finance Banks would be initially screened by the RBI to ensure prima facie eligibility of the applicants.
Skymet launche adigital platform for connecting banking and insurance sector to agriculture
Women ‘systematically excluded’ from COVID response, despite being worst affected
The data reveals that of 225 COVID-19 task forces up and running across 137 countries, only 24 per cent of members were women.
“Women have been on the frontlines of the COVID-19 response…however, they have been systematically excluded from the decision-making processes on how to address the impacts of the pandemic”, said UNDP chief Achim Steiner
Daimler and Swiss Re JV Movinx appoints Carolin Gabor as its CEO
India reports 40,715 fresh COVID-19 cases, 199 deaths in last 24 hours
Six states — Maharashtra, Punjab, Karnataka, Gujarat, Chhattisgarh and Tamil Nadu — collectively account for 80.90 per cent of the 40,715 infections reported in a span of 24 hours.
The doubling time of COVID-19 cases in India has decreased from 504.4 days on March 1 to 202.3 days on March 23, the Health Ministry said on Tuesday, highlighting that six states have reported a surge in daily new cases and together account for 80.90 per cent of the new infections reported in a day.
Meanwhile, more than 32.53 lakh doses of COVID-19 vaccine were administered on March 22, which is the highest single-day vaccination so far, taking the total number of people inoculated to over 4.8 crore.
India’s rising coronavirus cases risk denting economic recovery
“There is a restless urgency in the air in India to resume high growth, and incoming data point to even contact-intensive services such as personal care, recreation and hospitality gathering traction,” central bankers led by Deputy Governor Michael Debabrata Patra wrote in the Reserve Bank of India’s latest monthly bulletin. But “another outbreak, more lockdowns and restraints, will get unbearable in spite of learning from the initial experience of living with the virus.