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Indian

Covid-19 second wave hits PSBs collection in May: Indian Bank Association

Replying to a question on the impact of the second wave on collection in Equated Monthly Installment (EMI) of Home Loan, Personal loan and payment of credit card bills when compared with the first wave, R Rai said, “We have seen some substantial improvement in the month of April 21 against April 2020, but we are witnessing the impact on the collection of banks in the current month of May.”

India poised to grow at world’s fastest rate despite virus

The biggest hit from the second wave of Covid infections has been to demand, with a loss of mobility, discretionary spending and employment, the Reserve Bank of India said earlier this month.
Even as virus cases have started receding and some parts of the country may reopen by June, consumers are unlikely to spend freely, given the economic uncertainties and with unemployment at its highest level in a year.

UAE extends suspension on flights from India till June 30

”Furthermore, passengers who have transited through India in the last 14 days will not be accepted to travel from any other point to the UAE,” it said. However, ”UAE nationals, holders of UAE Golden Visas and members of diplomatic missions who comply with the revised published COVID-19 protocols will be exempt for travel,” the statement said.

Twitter has to comply with new IT rules for digital media, says Delhi HC

The Centre alleged that Twitter refused to comply with new digital rules requiring identification of the originator of a flagged message and appointing grievance redressal officers and the purported commitment of the US-based firm to India not only sounds hollow but completely self-serving.

International

New global commitment to primary health care for all at Astana conference

“Although the world is a healthier place for children today than ever before, close to 6 million children die every year before their fifth birthday mostly from preventable causes, and more than 150 million are stunted,” said Henrietta Fore, UNICEF Executive Director. “We as a global community can change that, by bringing quality health services close to those who need them. That’s what primary health care is about.”

Time to upgrade Airline Black Boxes, says US Safety Board

In too many cases, the current two hours of sound on the cockpit voice recorders hasn’t been enough to aid investigations, the National Transportation Safety Board said in a recommendation posted to its website Thursday. The board cited several dozen instances in which the recorders were overwritten before they could be brought into the lab.Investigators want the requirement to be increased to 25 hours of sound, and are seeking retrofits for current aircraft by 2024.

Tokio Marine Kiln stops Hong Kong operations

This decision has been made after re-assessing the ongoing, challenging market for the Engineering, Marine Cargo and Marine Liability lines written out of Hong Kong which have made the cost of maintaining the office unsustainable.

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