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Indian
Increase in household debt stress is worrying: SBI report
Household debt — after taking into account retail loans, crop loans and business loans from financial institutions like commercial banks, credit societies, NBFCs and HFCs — has sharply increased to 37.3 per cent of GDP in FY21 from 32.5 per cent of GDP in FY20.
“The decline in bank deposits in FY21 and concomitant increase in health expenditure may result in further increase in household debt to GDP in FY22,” said the report. India’s household debt to GDP ratio is still lower than other countries, though there is need to supplement wage income as a percentage of GDP that has been declining.
Reliance Nippon Life declares Rs 306.8 cr bonus for policyholders
COVID-19 recovered with one/two doses of vaccine have higher protection against Delta variant: Study
“The high transmissibility associated with Delta variant led to second wave of the pandemic in India which affected millions of people. Besides this, variant of concerns have been reported to show lower neutralisation to several approved vaccines. This has led to breakthrough infections after completion of vaccination regimen,” it said.
India to make CoWIN available to all countries: PM Mod
International
Indian aviation market facing very tough competition; cost environment unfavourable: IATA
Noting that cost environment is not very favourable for airlines in India, de Juniac said prospects for the airlines’ industry are less positive than six months ago. “It is a global trend, which is more accurate and visible for cargo than for passengers. We still see a strong demand in the passenger business,” he added.
Divided G20 admits worsening trade wars pose risk to world economy
In historic first, G20 weighs aging as global risk
U.S. impacted by most May tornadoes since 2015, storms and floods leave costly financial toll
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