SIRC 26
Indian
Pandemic hits India’s prospects to become $5 trn economy by FY25: Economist
Vakulabharanam said while Covid-19 is certainly the most important factor for economic slowdown, what is notable is that India’s decline is much steeper than what other developing countries and the global economy witnessed over the last year.
”As of now, the current Indian GDP is less than USD 3 trillion. If this has to jump to USD 5 trillion in four years, the economy has to grow higher than 13 per cent per annum, on the average,” he said.
PM announces Rs 100 trillion Gatishakti scheme for holistic infra growth
PM announces Hydrogen Mission, self-reliance in energy by 2047
Hydrogen is produced predominantly through Steam Methane Reforming, or SMR, which utilizes fossils fuels, such as natural gas or coal, and through Proton Exchange Membrane Electrolysis, which splits water into hydrogen and oxygen using a current of electricity.
Currently, all hydrogen consumed in India comes from fossil fuels. By 2050, three-fourth of all hydrogen is projected to be green — produced by renewable electricity and electrolysis.
India records 36,083 new Covid cases, 493 deaths
A total of 73,50,553 vaccine doses were administered in the last 24 hours. Cumulatively, 54.38 crore COVID-19 vaccine doses have been administered under the nationwide vaccination drive till Sunday morning, the ministry said.A total of 4,31,225 deaths have been reported so far in the country, including 1,34, 909 from Maharashtra, 36,958 from Karnataka, 34,496 from Tamil Nadu, 25,069 from Delhi, 22,783 from Uttar Pradesh, 18,499 from Kerala, and 18,291 from West Bengal.
The health ministry stressed that more than 70 percent of the deaths occurred due to comorbidities.
International
January 1, 2020 reinsurance renewals reflect asymmetrical market:Guy Carpenter
David Priebe, Chairman of Guy Carpenter, added: “The reinsurance market enters 2020 in a solid position with initial analysis of dedicated reinsurance capital up slightly as compared to a year ago, bolstered by mid-single digit growth in rated capital in 2019. Accounting for the impact of trapped capital, total available capital at January 1 is close to flat. While reinsurers will continue to deploy capacity cautiously, with cedents’ performance and loss experiences scrutinized closely, the sector remains well capitalized overall.”
America is still waiting for Trump’s ‘much better’ Replacement for Obamacare
Trump administration issues partial E-Cigarette Ban
In banning mint but not menthol, HHS Secretary Azar said the administration was following an “evidence-based, science-based public health approach.” Data that became available after the Trump administration’s September announcement showed that mint was highly popular among teens but menthol was not, he said.
Indonesia Flooding Forces Evacuation of More Than 400,000 People with 42 Deaths
The new capital that Indonesia will build on the island of Borneo will be flood proof, Public Works and Housing Minister Basuki Hadimuljono said.“While the government may be even more keen to shift its capital city now, the flood is a reminder that the host of issues facing Jakarta – whose metropolitan area is home to 30 million Indonesians – remain acute,” said Wellian Wiranto, an economist at Oversea-Chinese Banking Corp. in Singapore.
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