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Indian
RBI to focus on growth even as inflation breaches tolerance band
The annual retail inflation rate rose 6.30 per cent year-on-year in May, up from 4.29 per cent in April and sharply above analysts’ estimate of 5.30 per cent. The wholesale price inflation rate rose 12.94 per cent, its highest in at least two decades.
“There is a broad-based increase in CPI inflation but it still is not driven by demand and that gives the RBI some leeway. They will continue to wait and watch as a rate hike is out of question for now,” the first source said.
India confirms first death following Covid-19 vaccination
It is the first death linked to Covid-19 vaccination due to anaphylaxis. It re-emphasises the need to wait for 30 minutes at the inoculation centre after receiving the jab.
The panel said benefits of vaccination are overwhelmingly greater than the small risk of harm and as a measure of utmost precaution, emerging signals of harm are being constantly tracked and reviewed periodically.
Monsoon covers two-third of India earlier, to accelerate crop sowing
Since the start of the season, the monsoon has delivered 25% more-than-normal rainfall, boosted by higher rainfall in the central India region, data compiled by IMD showed.
Monsoon is crucial for India’s $2.7-trillion economy, as it delivers nearly 70% of the rain needed by farms, besides replenishing reservoirs and aquifers.
No cyber breach into National Informatics Centre email system, says govt
International
‘Storm’ might strike global economy, warns IMF as growth slows down
Microsoft targets healthcare with medical records in the cloud, bots and more
Health care lags behind some other industries in moving data to internet-based storage, and while health records have mostly gone digital, they are often stored in different databases that can’t share information easily. That makes it hard to create systems that use new artificial intelligence and data analysis techniques to track patient well-being and find new targeted therapies.
Munich Re expects prices to improve in Apr 1 renewals
SCOR grows its reinsurance premiums 9.7% in Jan renewal
Victor Peignet, CEO, SCOR Global P&C, comments: “SCOR starts 2019 with strong January renewals, after having successfully renewed its capital shield back in fall 2018. Clients want to increase the business they conduct with SCOR; they value our client-focused strategy, strong ratings, and technical expertise. We expect favorable market conditions to be more pronounced through the spring/summer 2019 renewals.”
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