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Indian

LIC launches campaign for policyholders to revive lapsed policies

Aug 23, 2021

The campaign has been launched from August 23, 2021 to October 22, 2021, the release said. Policies which are in a lapsed condition during the premium paying term and not completed policy term are eligible to be revived in this campaign, it said.

India’s first smog tower inaugurated in Delhi

Aug 23, 2021

”This is the first such smog tower in the country. It’s a new technology. We have imported it from the US. The structure will suck polluted air from above and release clean air from below. It will purify 1,000 cubic metres of air per second,” Chief Minister Arvind Kejriwal told reporters.
Experts, however, feel smog towers may provide immediate relief from air pollution in a small area but they are a costly quick-fix measure with no scientific evidence to back their efficacy in the long term.

Governments should instead address root causes and promote renewable energy to tackle air pollution and reduce emissions, they said.

Startups raised $6.5 bn in Apr-Jun period, 11 new unicorns created: Report

Aug 22, 2021

The biggest deal during the quarter was the USD 800 million fund raise by food delivery platform Swiggy, followed by ShareChat (USD 502 million), Byju’s (USD 340 million), PharmEasy (USD 323 million) and Meesho (USD 300 million), the report said.
“The Indian startup ecosystem that generated 53 unicorns till June 2021 has made great strides in the April-June quarter. From recording most funding deals to adding the most number of unicorns in a quarter, investors’ confidence in good-quality digital businesses has strengthened like never before,” PGA Labs Director, Competitive Intelligence Abhishek Maiti told PTI.

International

Coronavirus could damage global growth in 2020, says IMF

Feb 16, 2020

In its January update to the World Economic Outlook, the IMF lowered global economic growth forecast in 2020 by a 0.1 percentage point to 3.3 per cent, following a 2.9 per cent growth the previous year, the lowest in a decade.

Coronavirus triggers major dislocation in global supply chains

Feb 16, 2020

“All the signs are that there has been a major dislocation in global supply chains and commodity trade as well,” said Caroline Bain, chief commodities economist at Capital Economics. For some products “it’s only going to get worse in February data.”

China cleans, locks away banknotes to stop virus spread

Feb 15, 2020

The virus, which has infected more than 66,000 people in China,killed over 1500 people and spread to more than two dozen other countries, has sparked a rush to disinfect public places and minimise contact between people.

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