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Economy

Representational image | Picpedia

Modi govt drops plan to merge 3 state-owned general insurance companies

Decision to merge the 3 companies — National Insurance Co Ltd, United India Insurance Co Ltd, and Oriental Insurance Co Ltd — ahead of their proposed listing was announced in 2018 budget.
Car manufacturing plant

Ease of doing business? India still has 1,536 Acts, 69,233 compliances for firms to follow

Analysis by TeamLease Compliance shows compliance burden remained onerous for firms in India. Govt says it has taken many steps but agrees more needs to be done.
A worker serves food to her children outside the Secunderabad railway station | Suraj Singh Bisht/ThePrint

Ethiopia, India top countries where poor nutrition is costing companies billions of dollars

The greatest productivity losses from being undernourished were in agriculture, mining & construction, with Ethiopia and India facing highest burden.
Air Asia Aircraft | Commons

AirAsia Group’s future is in ‘significant doubt’, Ernst & Young warns

Slump in air travel & AirAsia’s financial performance cast significant doubt on its ability to continue as a going concern, E&Y said in a report.
Prime Minister Narendra Modi | Photo: ANI

With fiscal deficit rocketing, Modi govt may have to go back to RBI for support: Economists

Facing fiscal deficit of 7%, Modi govt can get the Reserve Bank of India to buy sovereign bonds directly or boost dividends to help supplement revenue.
Drought in India

Global GDP could fall 20% over next 80 years due to climate change, economists warn

According to an analysis, tropical and subtropical countries whose average temperatures are already warmer than 15° C today face catastrophic economic degradation.
A rubber plantation in Kerala | Wikimedia commons

Why Kerala is planning to allow its famed plantations to grow exotic fruits

Lockdown, falling rubber prices & a reeling plantation sector have all forced the LDF govt to have a relook at land laws, considered sacrosanct in the state. 
A deserted road during the 'triple lockdown' strategy in Thiruvananthapuram on 6 July | ANI Photo

Kerala’s $14-15 bn 2019 remittances could see $2 bn drop this year – World Bank expert

Fall in remittances can hurt Kerala’s finances seriously. World Bank is working with state govt on ‘diaspora bonds’, to mobilise savings of expats.
Illustration: Ramandeep Kaur/ThePrint

Why Ramdev’s Ruchi Soya shares jumped to Rs 1,535 from Rs 17 in 5 months & are now tanking

Since 29 June, stock has consistently fallen by 5% for 6 consecutive days, triggering lower circuit — levels where trading activity in a stock are suspended following a sharp fall in share prices.
Representational image of Union finance ministry | ANI

Economy showing signs of recovery but pandemic may affect business climate: Finance Ministry

Improved kharif sowing, pick-up in electricity and petrol consumption, and higher freight movement indicate green shoots in the economy, ministry report stated.

On Camera

Kanpur's wanted criminal Vikas Dubey | ThePrint

Brahmin pride and pain flood Facebook after Vikas Dubey’s encounter killing

For many social media users, gangster Vikas Dubey was first and foremost a Brahmin — a ‘tiger’ whose killing is just another ‘atrocity’ on the community under 'Thakur' CM Yogi Adityanath.
File image of SBI chairman Rajnish Kumar | Photo: ANI

Not ‘overworried’ about NPAs, no need for a blanket moratorium extension: SBI chairman

SBI chairman Rajnish Kumar said the extension of the loan moratorium may be needed only for certain specific stressed sectors.

Defence

Representational image of an IAF MiG-29 | Photo: Wikipedia

IAF gets night-flying capability at Leh for MiG-29s, force sees it as a ‘game-changer’

The new capability will allow IAF to conduct full-spectrum operations at the LAC on short notice, given Leh’s proximity to it.
Central Reserve Police Force (CRPF) men in Maharashtra | ANI

Read my lips, forget the camera

Say Central forces' angry soldiers. They need reform, committed leaders. And very sensitive handling.