Indian

India’s monsoon rains forecast to be average in August, September

In August, monsoon rains are likely to be “below normal to normal” in the central region, Mohapatra said, where soybean and cotton are grown.

Farmers generally start planting rice, corn, cotton, soybeans, sugarcane and peanuts, among other crops, from June 1, when monsoon rains typically arrive in India. Sowing usually lasts until July or early August.

Indian farmers have planted summer-sown crops on 84.8 million hectares, down 4.7% year-on-year, according to the latest data from the Ministry of Agriculture & Farmers’ Welfare.

Permanent solution needed to prevent recurring floods in Maha: CM

Chief Minister Uddhav Thackeray said the MVA government will come up with a ”holistic long-term plan” for all the flood-affected districts such as Satara, Sangli, Kolhapur, Raigad, Sindhudurg, and Ratnagiri to ensure the construction of roads, bridges etc.

He also said the state government will review the reports submitted by all the committees set up earlier, including of the Vadnere committee, to recommend measures to avoid floods.

e-RUPI will give new dimension to digital governance: PM Modi

Noting that if any organization wants to help persons in their treatment, education or for any other work, they will be able to give an eRUPI voucher instead of cash, he said it will ensure that the money given is used for the work for which the amount was given. The Prime Minister noted that technology is bringing transparency and integrity in transactions and creating new opportunities.

International

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.

Life insurance sector catching up in terms of innovation

“Improvements in customer and agent interfaces, automated underwriting, data mining and other techniques are starting to create changes in the life insurance industry,” said Terence Martin, a Director, Insurance Research at Conning

Facebook employing user data as a weapon against rivals: Report

Some 7,000 pages of documents reveal how Facebook chief Mark Zuckerberg and his team harnessed users’ personal information to reward partners by giving them preferential data, while depriving rivals of the same sort of information, it reported.

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