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India''s COVID-19 recovery rate improving, fatality rate declining: Health Ministry

Facts       Jun 02, 2020

   New Delhi: There has been a steady decline in India''s COVID-19 fatality rate which now stands at 2.83 per cent, much lower than in countries like the US, the UK, France and Italy, the Union Health Ministry said on Monday, even as India recorded 230...

UK households,locked down in April,cut debts by most on record

Facts       Jun 02, 2020

LONDON: British consumers cut their debts by the most on record and mortgage approvals slumped to a new low in April as the country spent the month in coronavirus lockdowns.   Bank of England data published on Tuesday showed a net repayment of consumer credit of...

Workplace and supply chain risks from COVID-19 having significant impact on power sector

International News       Jun 02, 2020

Singapore: Pressures on workforce availability and maintaining supply chains arising from COVID-19 are proving challenging to the power sector, according to Willis Towers Watson, a leading global advisory, broking, and solutions company, at the launch of its Power Market Review. Additionally, the increasing focus on...

Modifications in National Pension Scheme financially untenable Finance Ministry

Indian News       Jun 02, 2020

New Delhi: The Finance Ministry has ruled out proposals by a federation of central and state governments employees seeking modification in the National Pension Scheme, saying its corpus is invested in a prudential manner to ensure optimal returns and suggested that changes will be financially...

Covid-19 has not changed in terms of transmissibility, severity: WHO expert

Facts       Jun 02, 2020

  Geneva: There is no evidence that the novel coronavirus has changed both in terms of the transmissibility and the severity of the disease, said Maria Van Kerkhove, Covid-19 technical lead at the World Health Organization.   The statement came in the wake of the recent media...

Google sued by Arizona over ‘Deceptive’ location tracking

      Jun 02, 2020

  Google kept tabs on the whereabouts of its users even if they had turned off location tracking, an Arizona official alleged in a lawsuit filed Wednesday.   The suit filed by Attorney General Mark Brnovich stemmed from an investigation that began after The Associated Press reported...

Cyclone Nisarga to disrupt India’s Mumbai financial hub

Indian News       Jun 02, 2020

Mumbai: The financial capital of Asia’s third-largest economy, is likely to be affected by a cyclonic storm Wednesday, potentially causing widespread disruption in business and hurting efforts to fight the virus outbreak in a city that’s emerged as the epicenter of infections in India.   The...

Covid-19 to shave $25 bn off from top 100 domestic brands' value: Report

Indian News       Jun 01, 2020

New Delhi: The coronavirus pandemic is likely to shave at least $25 billion off from the January 2020 cumulative brand value of top 100 domestic brands, a report said.   According to the latest report by Brand Finance, globally, the top 500 brands could see a...

Aircraft makers go digital to fight coronavirus delivery logjam

International News       Jun 01, 2020

  MILAN: Helicopter and jet makers are turning to digital technology so customers can inspect their big-ticket purchases remotely before taking delivery, as they strive to push through deals paralysed by the coronavirus pandemic and bring in much needed cash.With outside quality inspectors unable to travel...

India asks internet service providers to block WeTransfer

Facts       Jun 01, 2020

NEW DELHI: India has ordered its internet service providers (ISPs) to block file-sharing website WeTransfer at a time when hundreds of millions of people are working from home because of a nationwide lockdown to stop the novel coronavirus.   The order, dated May 18, from India’s...