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Indian

Over 6.07 lakh cyber security incidents during H1 2021: Govt

The minister noted that the government has taken a number of measures to enhance the cyber security posture and prevent cyber attacks, including CERT-In issuing alerts and advisories regarding latest cyber threats/ vulnerabilities and counter-measures to protect computers, networks and data on regular basis.

IMF cuts India’s GDP growth forecast to 9.5 pc for FY22

IMF joins a host of global and domestic agencies which have cut India’s growth estimates for the current fiscal. Last month, S&P Global Ratings projected a 9.5 per cent GDP growth in the current fiscal and 7.8 per cent in 2022-23.

IMF’s Chief Economist Gita Gopinath said IMF estimates the pandemic has reduced per capita incomes in advanced economies by 2.8 per cent, relative to pre-pandemic trends over 2020-2022, compared with an annual per capita loss of 6.3 per cent a year for emerging market and developing economies (excluding China).

Centre asks states for data on Covid deaths due to oxygen shortage: Report

The government’s reply comes in the aftermath of the devastating second COVID-19 wave that overwhelmed the country’s healthcare infrastructure and resulted in thousands of deaths daily. COVID-19 cases surged dangerously from April to June and peaked in May with over 4-lakh cases and 4,000 deaths.

Cairn arbitration: Govt confirms French court order against Indian assets

The government on Tuesday confirmed that a French court has ordered the freezing of certain Indian assets in Paris on a petition by Britain’s Cairn Energy, which is seeking to recover USD 1.72 billion from New Delhi after winning an arbitration against retro tax.

Minister of State for Finance Pankaj Chaudhary in a written reply to a question in the Rajya Sabha said the government has filed an appeal against an international arbitration tribunal overturning levy of Rs 10,247 crore in back taxes on Cairn Energy.

International

Boeing says 737 MAX may start flying in January

“In parallel, we are working towards final validation of the updated training requirements, which must occur before the MAX returns to commercial service, and which we now expect to begin in January,” Boeing said.

Australia braces for another week of Devastating Bushfires

While bushfires have been an important part of Australia’s ecology, some scientists have expressed concern that the season is getting longer. The drought gripping parts of Australia has created hazardous conditions in many regional communities, where some residents have complained that insufficient back-burning has taken place during the winter months, leaving a fuel load of fallen trees and undergrowth.

Tencent buys 10% of Policybazaar, enters India insurance market

The Chinese technology giant bought 10% of Policybazaar, half of Tiger Global Management LLC’s stake in the company, the person said, asking not be identified as the matter was not public. The $150 million deal was signed earlier this week, the person added.

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