Indian

Small cars too need adequate number of airbags to ensure safety: Gadkari

Mostly, lower middle-class people buy small economy cars and “if their car won’t have airbags and when accidents happen, then it may result in deaths. So, I appeal to all car manufacturers to provide a minimum of six airbags across all variants and segments of the vehicle,” he said.

While acknowledging that additional airbags in small cars will increase their cost by at least Rs 3,000-4,000, Gadkari also said, “in our country, poor should also get protection (in case of road accidents)”.

Most FDI proposals in 3 depts from nations sharing land border with India

As per that decision, FDI proposals from these countries need government approval for investments in India in any sector.

The major sectors under which these FDI proposals mainly came included manufacturing of heavy machinery, automobile, auto components; computer software and hardware; trading, ecommerce, and manufacturing of light engineering and electrical, the official said.

Besides, these three departments, the ministry of new and renewable energy and department of pharmaceuticals have also received several proposals from these countries, the official added.

Most of the foreign investment proposals have come from China and Hong Kong. Besides, Nepal, Bhutan and Bangladesh too have submitted certain applications.

Investments via P-notes stand at Rs 97,744 crore till August

The assets under custody (AUC) of FPI’s have almost touched 52 lakh crore in August 2021, which is a record high. It was at Rs 48.36 lakh crore in the preceding month.

Meanwhile, FPIs infused a net sum of Rs 2,083 crore in equities last month and Rs 12,144 crore in the debt market.

International

Imports of medical supplies plummet as demand in US soars

Trade policies haven’t helped. Tariffs on medical supplies made them more expensive, and they were only lifted March 5, even though health care associations asked the administration last year to exempt items like masks, gloves and gowns. And now countries including South Korea, India and Taiwan are blocking exports of medical supplies to save them for their own citizens, leaving the U.S. with fewer options.

Sri Lanka imposes curfew as South Asia steps up coronavirus battle

South Asia appears to have been less hard hit than elsewhere in the world but the rate of new infections in Pakistan, India and Sri Lanka is accelerating with the total across South Asia passing 800. Seven people have died.

Officials worry that these countries could prove especially in danger due to poor health facilities and infrastructure in much of the region. The virus has already infected more than 245,000 people worldwide and killed more than 10,000.

China’s imported coronavirus cases jump as students, expats flock home

The total number of confirmed cases in mainland China stood at 81,008 at the end of Friday, the health authority said. The death toll was 3,255, up by seven, a much slower rate than at the height of the crisis.

The lack of locally transmitted cases for the third day running underscored a recovery that has prompted officials to relax restrictions, even in the virus epicentre of Wuhan, which was responsible for all seven new deaths.

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