Indian
Suspected Chinese hackers collect intelligence from India’s power grid
The hackers focused on at least seven “load dispatch” centers in...
“Every Indian should have at least one life insurance and a health cover ” says new IRDAI chief unveiling his new industry agenda
Debasish Panda, chairman, IRDAI IRDA chief has hinted that insurers...
Maruti to recall 19,791 Eeco units to rectify marking of wheel rim size
In a routine inspection, the country's largest carmaker found that...
India detects first ‘XE’ variant of COVID-19 in Mumbai
However, the Union Health Ministry is yet to confirm the detection...
International
World experiencing worst recessions since Great Depression due to Covid: WB
Malpass said that the world was currently experiencing a K-shaped recovery.
For the developing countries, and especially the poorest developing countries, that downward leg in the K is an increasingly desperate recession or depression that is facing people in the poorest countries because of the loss of jobs, the loss of income, and also the loss of remittances coming from workers, working outside the country, Malpass said.
‘SIRC 2020 Re-Mind’ virtual event to be held on 2 to 5 Nov, Singapore’s Dy PM to deliver keynote address
Registration for the event is free
As Co-Host, Swiss Re will curate conference sessions during the virtual event featuring senior leaders and experts from around the world in discussions on a wide range of (re)insurance topics, such as ‘Insurance digitalisation in a post-COVID world’; ‘Derisking global supply chains’; and ‘Managing climate risks’. Other contributing partners are being lined up to curate other sessions to be presented at the event.
IMF data shows pandemic will push China GDP growth well beyond US
Extreme poverty is set to rise for the first time in more than two decades, and persistent output losses imply a major setback to living standards versus the pre-pandemic days, the IMF said.“The poor are getting poorer with close to 90 million people expected to fall into extreme deprivation this year,” said Gopinath.
India to fall below Bangladesh in terms of per capita GDP in 2020
Going by the latest IMF estimate, India would be the third poorest nation in South Asia, with only Pakistan and Nepal reporting lower per capita GDP, whereas Bhutan, Bangladesh, Maldives, and Sri Lanka would outpace India.
However, India, Asia’s third-largest economy, is likely to bounce back with an impressive 8.8 per cent growth rate in 2021, thus regaining the position of the fastest growing emerging economy, surpassing China’s projected growth rate of 8.2 per cent, the IMF said.
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