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India’s economy exits from recession, recovery seen gathering pace ​​​​​​​

Gross domestic product grew 0.4% in October-December compared with the same period a year earlier, data released by the National Statistics Office on Friday showed. That compared with revised contractions of 7.3% in July-September and 24.4% in April-June.

Investment recorded its first growth since December 2019, growing at 2.6% compared to a revised 6.8% fall in the previous quarter, while weakness in consumer demand eased.

Boeing to pay $6.6 million to FAA over safety lapses

The new settlement covers FAA allegations that Boeing managers exerted undue pressure on Boeing workers performing certification duties for the FAA at the company’s South Carolina plant. The FAA also alleged Boeing “failed to follow its quality control processes” and “interfered with an airworthiness inspection of a Boeing 787-9.”

Indian Insurance industry has recovered, pays Rs 9,000 crore Covid-19 pandemic claims :IRDAI Chief

While stressing the importance of Customer Data privacy, Khuntia added that the usage of data beyond a point of granularity should be avoided and insurers should not deny a coverage to the people on the ground, which is not under the control of the customers.
He was addressing a seminar on the theme of “Navigating Uncertainty: Insight-Driven Innovation “ organized by National Insurance Academy, in association with Swiss Re, on Friday.

Climate pledges for 2030 put world far off 1.5C goal, UN warns

Only two of the 18 largest emitters – Britain and the European Union – had so far presented an updated “nationally determined contribution” (NDC) containing a “strong increase” in their emissions reduction targets, she noted. “Other major emitters either submitted NDCs presenting a very low increase in their ambition level or have not presented NDCs yet,” she added in a statement.

India records 16,488 new COVID-19 cases, 113 deaths

The active case count has further increased to 1,59,590, which comprises 1.44 per cent of the total infections, the data stated.For the first time, a coronavirus-linked death has been reported in Lakshadweep. The Health Ministry stressed that more than 70 per cent of the deaths were caused due to comorbidities.
The nationwide Covid-19 vaccination to healthcare workers and frontline workers crossed 1.34 crores coverage on Friday, informed the Ministry of Health and Family Welfare.

India tightens regulatory grip on Facebook, WhatsApp with new rules

India is the largest market by user numbers for both Facebook and WhatsApp.

The new rules issued by the government, called the Intermediary Guidelines and Digital Media Ethics Code, will be legally enforceable.

They will require big social media companies to set up a grievance redressal mechanism and within three months appoint new executives to coordinate with law enforcement.

India says virus variants not behind upsurge in cases

A top government health official confirmed the long-time presence of two mutants – N440K and E484Q – in those two states as well as elsewhere in the country and abroad. Authorities have also found the UK variant in 187 people in India, the South African one in six and one case of the Brazilian mutation.

“There is no reason today for us to believe, on the basis of scientific information, that these are responsible for the upsurge of the outbreak,” Vinod Kumar Paul, who heads a government committee on vaccines, told a news conference.

India detects over 24,000 mutations in 7,000 variants of Covid

“Till now, no correlation has been established between the variants and the rise in the number of cases reported in a few states. It is still under investigation,” he said.

“More than 2 lakh mutations in the virus have been recorded globally. But did all the mutations incite a rise in cases? The mutations are a natural process of evolution in a pathogen. It is relevant only if it induces a change in the trend of disease spread,” Singh explained.