SIRC 26
Indian
LIC, EPFO keen to set up fund for startups: DPIIT Official
Additional Secretary in the Department for Promotion for Industry and Internal Trade (DPIIT) Anil Agrawal said it was decided that a portal will be developed by the Small Industries Development Bank of India (SIDBI) for funding purposes of startups.
These issues came up in the meeting of the National Startup Advisory Council. Agrawal said several initiatives are underway to strengthen the startup ecosystem in the country.
Covid-19 vaccine: India looking at USD 11 bn market opportunity
According to CARE Ratings, the majority of domestic demand is expected to be fulfilled by March 2022, when the export opportunities in the high-income markets such as Europe, North America, and developed Asian countries are likely to be completely exhausted.
However, the export opportunities in various African, Asian excluding China and Japan and some South American countries, where the pace of vaccination remains very slow would still exist, which is expected to remain greater than 1.25 billion doses, it said.
Pandemic has IFC pumping $1.7 billion into local companies, up 51%
The impact of the pandemic coupled with the region’s vulnerability to climate change, has highlighted the need for a collaborative, resilient and climate friendly recovery that can withstand future shocks, said its new regional director for South Asia, Hector Gomez Ang.
While South Asia is one of the fastest growing regions in the world, estimates suggest that climate impacts could reduce its annual GDP by an average of 1.8 percent by 2050, rising to 8.8 percent by 2100 if the region failed to take adequate corrective measures. The region is also estimated to have an untapped climate investment potential of USD3.4 trillion by 2030, Ang said.
NPS” non-govt subscriber base crosses 30 lakh-mark; corpus to hit Rs 1 lakh cr soon: PFRDA
“As of August 14, the non-government sector, which is the corporate and all citizen model, we have seen that the total onboarding (of subscribers) has crossed three million. In this, retail is a big landmark for us.
“Three years ago, our subscriber was just about 13-13.5 lakh (March 2018) in retail and corporate,” the chairman of the Pension Fund Regulatory and Development Authority (PFRDA).
International
‘Impossible’ to agree to full EU-U.K. Brexit trade deal by year end: EU Head
AXA insurance launches first-in-market plan for Cancer survivors
Sean Goh, Managing Director, Life, AXA Insurance Singapore said, “Many cancer survivors are left without any insurance coverage after their first diagnosis and do not have the security of a financial safety net if cancer strikes again. We want to take away this uncertainty by protecting them financially should they be faced with cancer again, so they can focus on treatment and recovery. This is part of our commitment to support our customers across their entire health journey and to empower them to live better lives.”
Iran investigation says Ukrainian jet was on fire before crash
Five security sources – three Americans, one European and the Canadian – who asked not to be named, told Reuters the initial assessment of Western intelligence agencies was that the plane had suffered a technical malfunction and had not been brought down by a missile.In Kiev, Ukraine’s President Volodymyr Zelenskiy said the government was considering several possible causes of the plane crash.
Re/insurers remain on alert as U.S.,Iran signal desire to avoid further conflict
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