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    • Latest News Live: General insurance sector may see 7-9% growth in GDPI in FY22, shows report

    By on June 8, 2021


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    Senior BJP MLA, former Karnataka minister CM Udasi dies at private hospital in Bengaluru due to age-related illness, say sources

    Reports PTI

    World number 85 Tamara Zidansek reaches French Open semi-finals

    Reports AFP

    SBI union, others urge RBI to scrap digital payments plan

    A union representing India’s largest state-run bank and a global alliance have asked the central bank to bar large companies from setting up payment networks, saying in a letter seen by Reuters on Tuesday that privatisation could compromise data safety.

    Fire at Vaishno Devi shrine complex; cash counter damaged

    • A fire broke out at Vaishno Devi shrine complex in Jammu Kashmir’s Reasi district on Tuesday, damaging a cash counter, officials said
    • No one was injured in the fire, which broke out from the structure adjoining the ‘Bhawan’ (sanctum sanctorum), the officials said

    Bombay HC cancels caste certificate of Amravati MP Navneet Rana

    General insurance sector may see 7-9% growth in GDPI in FY22: Report

    Helped by higher growth in health and motor insurance segments, the general insurance industry is likely to clock a 7-9 per cent growth in gross direct premium income (GDPI) in the financial year 2021-22, ICRA Ratings said in a report.

    Thanks to the pandemic, Indians will consume 5% less sugar during 2020-22

    Indians will likely consume 5% less sugar in the 2020-22 period as a direct result of demand loss due to the pandemic, industry veterans said Monday. That translates into 2.6 million tonnes of the primary sweetener.

    Ministry of Consumer Affairs writes to Delhi Govt chief secretary

    4% reservation quota for Divyangjans (persons with disabilities) in govt jobs will be ensured, as per Punjab Social Security, Women and Child Development Minister Aruna Chaudhary

    Glitches, technical issues mar new Income tax portal launch

    Technical issues marred the first day of the new income tax e-filing portal as several taxpayers were unable to log in or use it without glitches and took to Twitter to express their dismay.

    EAM Jaishankar to begin Kuwait visit on June 9

    External Affairs Minister S Jaishankar will carry a personal letter from Prime Minister Narendra Modi to Kuwaiti Emir Sheikh Nawaf al-Ahmad al-Sabah when he travels to the oil-rich Gulf nation on Wednesday on a three-day visit to explore ways to further boost bilateral ties.

    Chhattisgarh govt will provide free rice to families in below poverty line category from July to November this year.

    – CM Bhupesh Baghel

    Watchful of situation but confident of long-term growth prospects of FMCG sector: HUL CMD

    FMCG major HUL is watchful of the situation after the second wave of the pandemic but is confident of the medium to long-term growth prospects of the sector, according to company Chairman and Managing Director Sanjiv Mehta.

    Kerala: Additional Chief Judicial Magistrate Court, Kochi sends gangster Ravi Pujari to judicial custody till June 22nd in connection with 2018 Beauty Parlour shooting case

    Maharashtra CM meets PM Modi; discusses Maratha quota issue, GST compensation, proposed Metro car shed in Kanjur

    Defence Minister Rajnath invites Swedish defence majors to set up manufacturing hubs in India

    Global media websites outage

    Preliminary reports suggest a technical glitch in a private CDN (Content Delivery Network) causing outage. More details awaited.

    Financial Times, New York Times, Bloomberg News websites down

    • Multiple websites operated by news outlets including the Finiancial Times, the New York Times and Bloomberg News down across the globe
    • Amazon.com Inc’s retail website also seemed to face an outage. Amazon was not immediately available to comment, reported Reuters

    Several global media websites face outage worldwide

    • Several international media websites were down on Tuesday, including CNN and Le Monde
    • Error messages appeared on the websites at around 1000 GMT, reports AFP

    Hopeful that Monsoon Session of Parliament will start on schedule in July, said Parliamentary Affairs Minister Pralhad Joshi to PTI

    Rupee falls 9 paise to close at 72.89 (provisional) against US dollar

    Bhosale Committee report on Maratha reservation has recommended formation of State Commission for Backward Classes. But before acting on the report, they met PM. I want to say that meeting PM directly before their own action is premature.

    – Ex-Maharashtra CM and LoP Devendra Fadnavis to ANI

    Slum dwellers hit by bullet train project move Gujarat HC

    • As many as 318 people evicted from a slum colony here to make way for the Mumbai-Ahmedabad bullet train project have moved the Gujarat High Court seeking a direction to authorities to facilitate their rehabilitation
    • The petition came up before a division bench of Chief Justice Vikram Nath and Justice Biren Vaishnav on Monday

    Carbon dioxide in Earth’s atmosphere has again peaked last month, reaching historic levels since accurate measurements began 63 years ago.

    Free vaccine, food grains to cost Indian government up to Rs 1.45 lakh crore

    Iraq plans to go nuclear to resolve crippling power shortages: Media Report

    China’s helping hand

    • Nepal has resumed its stalled coronavirus vaccination campaign with 1 million doses given by China.
    • Nepal had made international pleas for help with a shortage of doses.
    • Nepal’s vaccination campaign began in January but was stalled when India suffered a coronavirus surge and banned exports of the AstraZeneca vaccine it produces.
    • It had received 1 million AstraZeneca doses donated by India and paid for 2 million more but never received half the shipment.

    WTO panel is considering easing protections on COVID-19 vaccines

    Worsening tax burden

    • The burden of taxation, particularly indirect taxes, on households has worsened lately, says India Ratings and Research.
    • This is preventing households from spending more on consumption.
    • Unlike corporates who are enjoying rationalisation in income tax, no such move has been introduced for the households who continue paying elevated taxes.
    • This could delay consumption recovery.

    Chief Election Commissioner Sushil Chandra writes to government on pending electoral reform proposals, requests for expedited action

    • Pending poll reform proposals include linking Aadhaar to clean up voter list
    • Longer jail term for candidates giving wrong information in their affidavit

    US task force to tackle supply chain bottlenecks

    The Joe Biden administration has completed a 100-day review of supply chains and will form a task force to address the bottlenecks in the semiconductor, construction, transportation and agriculture sectors.

    Motilal Oswal Financial Services on India’s e-grocery space

    • Multiple platforms are disrupting the grocery space with innovative models.
    • E-grocery space to possibly grow at over 59 percent compound annual growth rate (CAGR) and reach Rs 1.31 lakh crore by 2024.
    • India has 15.4 crore online transacting households with 13 crore already using e-grocery platforms or willing to try, creating an addressable market of Rs 21.33 lakh crore.
    • 55 percent of addressable market lies beyond tier two cities.
    • Big Basket and Grofers witnessed a 4x and 3x surge in daily orders during lockdowns with a steady rise in average order value.
    • The grocery market has been historically dogged down by wafer thin (15 to 20 percent) gross margins, higher (20 to 25 percent) logistics cost and complex inventory management, making it difficult to achieve sustainable profits and compete with traditional retail and distribution channel which operates on 15 percent cumulative margin.

    Legal cheer

    • Kerala Government includes ‘practicing lawyers & lawyer clerks’ in priority group for COVID-19 vaccination.
    • This is applicable for the age group of 18- 45 years.
    • The state also issued guidance in vaccinating all bedridden patients and senior citizens, who can’t move out of home due to illness/disability, at their residence itself.

    On a high

    Airbus delivered 50 airplanes in May, bringing its total so far this year to 220 jets, up 38% from the same period last year.

    Elephant testing

    Swabs of 28 captive elephants at Mudumalai Tiger Reserve have been taken for testing, days after a lioness succumbed to COVID-19 and nine others in the pride tested positive for the infection at a zoo in Chennai.

    S Jaishankar to begin his three-day Kuwait visit tomorrow

    • He is set to visit Kuwait from June 9 to 11, his first trip to the country as the union minister.
    • He is taking this trip at the invitation of Sheikh Ahmed Nasser Al-Mohammad Al-Sabah, Foreign Minister and Minister of State for Cabinet Affairs, Kuwait.During the visit, he will hold high-level meetings and also address the Indian community in Kuwait.
    • Jaishankar will also carry a personal letter from Prime Minister Narendra Modi to the Amir of Kuwait.

    Delhi | Cremation rate has gone down in the national capital, claim crematorium workers

    800 arrested worldwide in huge crime sting: Europol

    Police arrested 800 people in a huge global sting involving encrypted phones used by criminals that were secretly planted by law enforcement agencies, the EU police agency Europol said Tuesday.

    Defence Minister during webinar on India-Sweden Defence Industry Cooperation

    • Over past few years, Indian Defence Industry has been galvanised through progressive policy and reforms which has catapulted the industry to serve not only Indian requirements but also meet global demand.
    • I take this opportunity to invite Swedish firms to invest in the dedicated Defence Corridors of UP and Tamil Nadu where they can benefit greatly from the unique incentives being offered by the State Govts and the availability of a highly-skilled workforce in India.

    Conditions are favourable for the onset of monsoon, expected to arrive in Mumbai later today or tomorrow: Shubhangi Bhute, Scientist, IMD Mumbai

    Union Cabinet to meet tomorrow, through video conferencing

    Arvind Kejriwal writes to PM Modi, urges doorstep ration delivery scheme be implemented in Delhi

    Discussed issues related to Maratha reservation, Metro car shed, GST compensation with PM

    – Maharashtra CM Uddhav Thackeray

    West Bengal: Fire breaks out at TMC MLA Madan Mitra’s residence in Kolkata

    This is my ancestral house. Suddenly I saw a massive storm of arson & immediately understood that some serious incident of fire has taken place. The entire family has come out safely: Madan Mitra

    Karnataka Common Entrance Test (CET) examination scheduled for August 28-29

    Registration to begin from June 15: Deputy CM Dr CN Ashwathnarayan

    Delhi court reserves order on wrestler Sushil Kumar’s petition seeking high protein food & supplementary diet

    Court to pass an order tomorrow.
    The court on June 2 sent him on 9 days judicial custody in connection with the killing of 23-yr-old Sagar Rana at Chhatrasal Stadium

    Newly elected & nominated/re-nominated Rajya Sabha members take oath

    Delhi | Leader of Opposition in the West Bengal Assembly and BJP MLA Suvendu Adhikari called on Union Home Minister Amit Shah

    Delhi | Maharashtra Chief Minister Uddhav Thackeray reaches at 7 Lok Kalyan Marg, Prime Minister Narendra Modi’s official residence

    Delhi | Maharashtra Chief Minister Uddhav Thackeray reaches at 7 Lok Kalyan Marg, Prime Minister Narendra Modi's official residence

    Power consumption grows 12.6 pc in first week of June

    Virtual sessions rejected, parliamentary standing committees likely to resume meetings in July

    • Ruling out holding any virtual sessions, various standing committees of Parliament are likely to resume their regular meetings from July.
    • The standing committees have not been holding their sittings due to the severe second wave of COVID-19.
    • Sources informed that with most of the Members of Parliament, senior officials and support staff now vaccinated and active cases of COVID-19 coming down, these meetings can now likely resume from July.

    Congress panel constituted to resolve factionalism in Punjab Congress, to submit a report tomorrow to Congress Interim President Sonia Gandhi: Sources

    UN judges to rule on genocide conviction appeal

    UN judges will rule on Bosnian Serb military chief Ratko Mladic’s appeal against his genocide conviction for the 1995 Srebrenica massacre, Europe’s worst act of bloodshed since World War II.

    SC orders demolition of 10,000 houses in Aravali forest land

    The Supreme Court has ordered Faridabad Municipal Corporation to clear eco-sensitive Aravali forest land of encroachments within six weeks by demolish around 10,000 houses unauthorisedly built in Lakkarpur-Khori village.

    CM Uddhav Thackeray reaches Delhi

    A delegation of state government led by CM Uddhav Thackeray and Deputy CM Ajit Pawar will meet PM Modi to discuss issues like Maratha reservation, OBC reservation, and cyclone relief.

    Delhi | A Witness Protection Committee headed by Rohini Court District Judge, concerned DCP and others, has ordered for providing protection to the witnesses in 23-year-old Sagar Rana’s murder case at Chhatrasal Stadium

    Courts will decide what will happen to Mehul Choksi: Dominican PM

    The matter with this Indian citizen (Mehul Choksi) is before the courts, the courts will decide what happens to this gentleman and we allow the court process to go through, reports local media quoting Dominican Prime Minister Roosevelt Skerrit

    South Korea’s 2002 World Cup star Yoo Sang-chul dies at 49

    • Yoo Sang-chul, one of the stars of South Korea’s surprising run to the semifinals at the 2002 World Cup, has died after long battle with pancreatic cancer. He was 49.
    • Yoo played 124 times for South Korea from 1994 to 2005. The most famous of the Yoo’s 18 goals was the one that sealed his country’s first ever win in a World Cup match — 2-0 against Poland. It was in South Korea’s first game in the World Cup it was co-hosting with Japan.

    Delhi BJP president Adesh Gupta announces candidates for mayor, deputy mayor for municipal elections

    Delhi BJP president Adesh Gupta announces candidates for mayor, deputy mayor for municipal elections

    50% cancer patients didn’t visit hospitals last year after pandemic

    Almost half the number of cancer patients did not make follow-up visits during the first Covid-19 wave, a study across 41 cancer centres in India has revealed, indicating how the pandemic has adversely affected cancer care.





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